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2020 - 11 RESOLUTION - Authorizing the Execution of Installment Financing Agreement, DOT, and Docs for Various Capital Projects 6-1-20
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2020 - 11 RESOLUTION - Authorizing the Execution of Installment Financing Agreement, DOT, and Docs for Various Capital Projects 6-1-20
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6/26/2020 1:55:54 PM
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Admin-Clerk
Document Type
Resolution
Committee
Board of Commissioners
Date
6/1/2020
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and the Assistant County Manager/Finance Director of the County are each hereby authorized to <br /> execute and deliver on behalf of the County such documents in substantially the forms presented <br /> at this meeting, containing such modifications as the person executing such documents, with the <br /> advice of counsel, shall approve, such execution to be conclusive evidence of approval by the <br /> Board of any such changes. The Clerk to the Board or any Deputy or Assistant Clerk to the <br /> Board is hereby authorized and directed to affix the corporate seal of the County to each of such <br /> documents and to attest the same as may be required. <br /> Section 4. No deficiency judgment may be rendered against the County in any action for <br /> breach of any contractual obligation under the Agreement or the Deed of Trust, and the taxing <br /> power of the County is not and may not be pledged directly or indirectly to secure any moneys <br /> due under the Agreement or the Deed of Trust. <br /> Section 5. The Chair of the Board, the County Manager, the Assistant County <br /> Manager/Finance Director, the County Attorney and the Clerk to the Board, and any other <br /> officers, agents and employees of the County, are hereby authorized and directed to execute and <br /> deliver such other documents, instruments, closing certificates, opinions and other items of <br /> evidence as shall be deemed necessary to consummate the transactions described above. Any <br /> such actions heretofore taken by such persons prior to the date hereof that is within the authority <br /> conferred herein is hereby ratified, confirmed and approved. <br /> Section 6. The County hereby represents that it reasonably expects that it, all subordinate <br /> entities thereof and all issuers issuing obligations on behalf of the County will not issue in the <br /> aggregate more than $10,000,000 of tax-exempt obligations (not counting private-activity bonds <br /> except for qualified 501(c)(3) bonds as defined in the Code) during calendar year 2020. In <br /> 3 <br />
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