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FINAL PFM Bond Resolution-LTGO Refunding Bond 2020
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2020-01-21 10:00 AM - Commissioners' Agenda
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FINAL PFM Bond Resolution-LTGO Refunding Bond 2020
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Last modified
1/16/2020 1:42:10 PM
Creation date
1/16/2020 1:41:44 PM
Metadata
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Meeting
Date
1/21/2020
Meeting title
Commissioners' Agenda
Location
Commissioners' Auditorium
Address
205 West 5th Room 109 - Ellensburg
Meeting type
Regular
Meeting document type
Supporting documentation
Supplemental fields
Alpha Order
h
Order
8
Placement
Consent Agenda
Row ID
59336
Type
Resolution
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-15- 502686980 v1 <br />Issuance Agreement, each substantially in the forms attached hereto as Exhibit A and Exhibit B, <br />respectively. <br /> (d) Implementation of Refunding Plan. The County hereby irrevocably calls the <br />Refunded Bonds for redemption on the Call Date in accordance with the provisions of the <br />2010 Bond Resolution. <br /> The Finance Officer (or the Escrow Agent if one is appointed) is hereby authorized and <br />directed to provide for the giving of a notice of the redemption of the Refunded Bonds in <br />accordance with the applicable provisions of the 2010 Bond Resolution. The County is <br />authorized and requested to provide whatever assistance is necessary to accomplish such <br />redemption and the giving of notices therefor. The costs of publication of such notices shall be <br />an expense of the County. <br />Section 8. Tax Covenants; Special Designation. The County covenants that it will <br />not take or permit to be taken on its behalf any action that would adversely affect the exemption <br />from federal income taxation of the interest on the Bond and will take or require to be taken such <br />acts as may reasonably be within its ability and as may from time to time be required under <br />applicable law to continue the exemption from federal income taxation of the interest on the <br />Bond. <br /> (a) Arbitrage Covenant. Without limiting the generality of the foregoing, the County <br />covenants that it will not take any action or fail to take any action with respect to the proceeds of <br />sale of the Bond or any other funds of the County which may be deemed to be proceeds of the <br />Bond pursuant to Section 148 of the Code and the regulations promulgated thereunder which, if <br />such use had been reasonably expected on the date of delivery of the Bond to the Bank, would
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