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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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-21- 502686980 v1 <br />satisfactory to the County and the Bond Registrar that such Bond was actually lost, stolen or <br />destroyed and of its ownership thereof, and upon furnishing the County and Bond Registrar with <br />indemnity satisfactory to the County. <br /> Section 14. Additional Covenants. <br /> (a) The County shall provide the Bank, or provide notification of such repository <br />where the Bank may reasonably obtain, the County’s audited financial statements promptly upon <br />the receipt thereof from the Office of the Washington State Auditor, anticipated to be no later <br />than 270 days of the end of each fiscal year. <br /> (b) The County shall provide the Bank with a copy of the County’s final budget upon <br />request, which shall in no case be prior to 45 days after the end of the prior fiscal year. <br /> (c) The County shall provide the Bank with financial or other information as may be <br />reasonably requested from time to time, consistent with the obligations and limitations imposed <br />by RCW chapter 42.56. <br /> (d) Upon the occurrence of any material adverse event that would impair the <br />performance of the County’s obligations hereunder or under the Bond, the County shall promptly <br />notify the Bank. <br /> (e) The County shall not register the Bond with The Depository Trust Company or <br />other repository. The County will not prepare or provide any offering document, official <br />statement or prospectus with respect to the Bond and will not apply for a CUSIP number <br />assignment <br /> (f) The County shall not object to the Bank’s pledge or grant of a security interest in <br />the Bank’s rights under the Bond or its related obligations.
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