Drafter
Clerk 11/14/2005
Title
A MOTION of the county council accepting a bond purchase contract for the purchase of the county's Limited Tax General Obligation Refunding Bonds, 200_, Series _ in the aggregate principal amount of $___________, and the county's Limited Tax General Obligation Bonds, 200_, Series _ in the aggregate principal amount of $___________, and establishing certain terms of such bonds and plans of refunding.
Body
WHEREAS, pursuant to Ordinance 14890 (the "Ordinance 14890"), the county council authorized the issuance of one or more series of its limited tax general obligation refunding bonds in an outstanding aggregate principal amount not to exceed $107,500,000 to refund all or a portion of the county's Limited Tax General Obligation and Refunding Bonds (Various Purpose), 1993 Series B and Limited Tax General Obligation and Refunding Bonds (Various Purpose), 1996 Series A, and
WHEREAS, the Ordinance 14890 provided that such bonds may be publicly sold in one or more series, any of which may be sold in a combined offering with other bonds of the county, either by negotiated sale or by competitive bid, as determined by the Finance Director in consultation with the county's financial advisor, and
WHEREAS, the Finance Director has determined that a series of the bonds authorized pursuant to the Ordinance 14890, to be designated as the county's Limited Tax General Obligation Refunding Bonds, 200_, Series _ (the "Series _ Bonds") be sold by negotiated sale as provided herein, and
WHEREAS, $56,370,000 of the bonds authorized by the Ordinance 14890 are currently outstanding, and
WHEREAS, pursuant to Ordinance _____ (the "Ordinance _____" and, together with the Ordinance 14890, the "Bond Ordinances"), the county council authorized the issuance of one or more series of its limited tax general obligation refunding bonds in an outstanding aggregate principal amount not to exceed $___________ to refund all or a portion of the county's Lim...

Click here for full text