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FINAL PFM Bond Resolution-LTGO Refunding Bond 2020
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01. January
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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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-4- 502686980 v1 <br /> Cost of Issuance Agreement means the agreement of that name, if any, to be entered into <br />by and between the County and the Escrow Agent, providing for the payment of certain costs of <br />issuance with respect to the issuance of the Bond, substantially in the form attached hereto as <br />Exhibit B. <br /> County means Kittitas County, Washington, a political subdivision duly organized and <br />existing by virtue of the Constitution and laws of the State of Washington. <br /> County Representative means the Treasurer or the Finance Officer of the County. <br /> Escrow Agent, if any, means U.S. Bank National Association. <br /> Escrow Agreement means the Escrow Deposit Agreement, if any, by and between the <br />County and the Escrow Agent to be dated as of the date of closing and delivery of the Bond <br />authorized to be executed pursuant to Section 7 of this resolution substantially in the form <br />attached hereto as Exhibit A. <br /> Event of Default means, with respect to the Bond, a reasonable determination by the <br />Bank that (a) a Payment Default has occurred; (b) the County has failed to comply with its <br />obligations or perform any of its duties (other than a Payment Default) under this resolution or <br />the Bond (or related documentation), which failure continues, and is not cured, for a period of <br />more than thirty (30) days after the Bank has made a written demand on the County to cure such <br />failure; or (c) there has been a material misrepresentation by the County in this resolution, the <br />Bond (or related documentation). Additional default events, if any are specifically provided for <br />in accordance with the approved terms of the Approved Bid, and specific remedies therefor, may <br />be set forth in the Bond. <br /> Final Maturity Date means December 1, 2030.
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