File #: 2002-0368    Version: 1
Type: Ordinance Status: Passed
File created: 8/19/2002 In control: Budget and Fiscal Management Committee
On agenda: Final action: 9/9/2002
Enactment date: 9/19/2002 Enactment #: 14462
Title: AN ORDINANCE providing for the issuance of one or more series of limited tax general obligation bonds of the county in an outstanding aggregate principal amount not to exceed $42,500,000 to finance or reimburse the county for capital acquisition, improvement and major maintenance projects; providing for the public sale of the bonds and the disposition of the proceeds of sale; establishing funds for the receipt and expenditure of bond proceeds and for the payment of the bonds; and providing for the annual levy of taxes to pay the principal thereof and interest thereon.
Sponsors: Larry Phillips
Indexes: Bonds
Attachments: 1. Ordinance 14462.pdf, 2. 2002-0368 0369 Revised Staff Report.doc, 3. 2002-0368 Transmittal Letter.doc, 4. 2002-0368, 0369 road bonds 9-4-02.doc, 5. A. Exhibit A Project Descriptions
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AN ORDINANCE providing for the issuance of one or more series of limited tax general obligation bonds of the county in an outstanding aggregate principal amount not to exceed $42,500,000 to finance or reimburse the county for capital acquisition, improvement and major maintenance projects; providing for the public sale of the bonds and the disposition of the proceeds of sale; establishing funds for the receipt and expenditure of bond proceeds and for the payment of the bonds; and providing for the annual levy of taxes to pay the principal thereof and interest thereon.

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TABLE OF CONTENTS

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SECTION 1. Definitions|913|
SECTION 2. Findings|913|
SECTION 3. Authorization of Projects|913|
SECTION 4. Purpose, Authorization and Description of Bonds; Use of Depository|913|
SECTION 5. Optional Redemption of Bonds 10
SECTION 6. Notice and Effect of Redemption 11
SECTION 7. Form of Bonds 13
SECTION 8. Execution of Bonds 19
SECTION 9. Bond Registrar 20
SECTION 10. Mutilated, Lost, or Destroyed Bonds 21
SECTION 11. Covenants and Warranties 22
SECTION 12. Deposit of Bond Proceeds 23
SECTION 13. Application of Bond Proceeds 24
SECTION 14. Bond Redemption Fund 24
SECTION 15. Pledge of Taxation and Credit 25
SECTION 17. Arbitrage Rebate 27
SECTION 19. Delivery of Bonds 28
SECTION 20. Preliminary Official Statement Declaration 29
SECTION 21. Approval of Official Statement 30
SECTION 22. Undertaking to Provide Ongoing Disclosure 30
SECTION 23. General Authorization 30
SECTION 24. Refunding or Defeasance of the Bonds 30
SECTION 25. Open Market Purchase 31
SECTION 26. Contract; Severability 31


Exhibit A Project Descriptions

ORDINANCE NO.


AN ORDINANCE providing for the issuance of one or more series of limited tax general obligation bonds of the county in an outstanding aggregate principal amount not to exceed $42,500,000 to finance or reimburse the county for capital acquisition, improvement and major maintenance...

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