ORD 2022-033 2020-2022 - Laserfiche WebLink

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(b) the proposed forms of (i) the Indenture (or applicable supplement to the Indenture)providing for the issuance of such series of Bonds, (ii) the Preliminary Official Statement (the "Preliminary Official Statement") pertaining to the offering of such series of Bonds, including all material exhibits and appendices thereto, (iii) the Bond Purchase Agreement (the "Bond Purchase Agreement") pursuant to which such series of Bonds will be sold, and (iv)the Continuing Disclosure Agreement or other similar instrument to be executed pursuant to SEC Rule 15c2-12, it being expressly understood that variations from the approved forms of the foregoing documents shall be permitted in connection with the issuance and sale of the Bonds provided that the final documents shall be in substantially the forms approved by Council. SECTION 5. Issuance and Sale of Bonds. Subject to the foregoing, and subject also to compliance with the applicable requirements provided in the Project Funding Agreement, but otherwise without further authorization from or action by the Council, the Director of Finance is hereby authorized to issue and sell the Bonds at negotiated sale in one or more separate series, at such time or times, in such amounts, at suchprices and upon such terms and pp conditions as the Director of Finance shall approve and determine to be in the best interest of the County. In connection with each such issuance and sale, the Director of Finance and other appropriate officials of the County are hereby authorized: (a) to negotiate, execute and deliver the Bond Purchase Agreement and Indenture (or applicable supplement) relating to the Bonds or series of Bonds to be issued; (b) to prepare, execute (if applicable) and distribute a Preliminary Official Statement and a final official statement in substantially the form of the Preliminary Official Statement relating to the offering of the Bonds or series of Bonds to be issued; (c) subject to any applicable procurement laws, to appoint and retain such consultants, advisors, agents, appraisers, legal counsel, underwriters, trustee banks and other persons or firms as such official or officials may deem advisable to assist the County in connection with the Bonds or series of Bonds to be issued; and (d) to take such other actions and execute such documents and instruments as may be necessary or advisable in order to effectuate the issuance and sale of the Bonds or series of Bonds to be issued. r SECTION 6. Amendment to Section 3 of Ordinance of Formation Regarding Enforcement of Special Tax Liens. Pursuant to Section 32-53, the Special Tax "may be collected in the same manner as general real property taxes are collected, be subject to the same penalties and the same procedure, sale, and lien priority (subject to the provisions of section 32- 32(c)) in case of delinquency as is provided by general law for default on the payment of real property taxes, unless another procedure is adopted by the council in the ordinance of formation or special tax ordinance." In order to further provide for the security of the Bonds, the Council hereby finds and determines that it is appropriate and in the interests of the County, by amendment to Section 3 of the Ordinance of Formation, to authorize certain procedures for the -4-