FINAL PFM Bond Resolution-LTGO Refunding Bond 2020

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-7- 502686980 v1 Interpretation. In this resolution, unless the context otherwise requires: (a) The terms “hereby,” “hereof,” “hereto,” “herein,” “hereunder” and any similar terms, as used in this resolution, refer to this resolution as a whole and not to any particular article, section, subdivision or clause hereof, and the term “hereafter” shall mean after, and the term “heretofore” shall mean before, the date of this resolution; (b) Words of the masculine gender shall mean and include correlative words of the feminine and neuter genders and words importing the singular number shall mean and include the plural number and vice versa; (c) Words importing persons shall include firms, associations, partnerships (including limited partnerships), trusts, corporations and other legal entities, including public bodies, as well as natural persons; (d) Any headings preceding the text of the several articles and sections of this resolution, and any table of contents or marginal notes appended to copies hereof, shall be sole ly for convenience of reference and shall not constitute a part of this resolution, nor shall they affect its meaning, construction or effect; and (e) All references herein to “articles,” “sections” and other subdivisions or clauses are to the corresponding articles, sections, subdivisions or clauses hereof. Section 2. Authorization of Bond and Bond Details. For the purpose of refunding all or a portion of the 2010 Bonds and thereby effecting a substantial savings to the County and its taxpayers, the County shall issue its limited tax general obligation refunding bond in the aggregate principal amount of not to exceed $6,750,000 (the “Bond”). The Bond shall be designated as the “Kittitas County, Washington, Limited Tax General Obligation Refunding Bond, 2020”; shall be dated as of the date of its issuance and delivery to the Bank, shall be fully