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HomeMy WebLinkAbout0994 ~ . _ _ ' . _ - - ~ . - - ~ Y . ~ " ~ ~ ~ . _ . ~ . ~ . . . _ _ . . . ~ . - . . _ - . . . . . . . . . : . ; . , _ . . , : ~ : ~ . ~ : , . i ~ . ~ . . ~ . , . . ~ . . ~ ` • - . . - - ~ ~ _ t - . . . . . . i:' . ~ t _ ~ ~ ~ . - r~ ~ ' ~ ~ ~ . . . , . _ _ . _ . . . . . . . . i ~ . ~ ' ~ - ~ ~ _ . _ , . . . . _ ' " . . . . . _ - . ' ' ~ . . . ' . . . _ . _ . . . . . . . ~ - . . _ ~ _ - : , . . . . . . , ' . , . - . . ~ - , . . . - . . . _ _ : , . ~ . . . _ . . _ : ~ i. ~ , ~ . . ~ . . . . . . . : . ~ ~ y . , ~ _ . .'.s ' i. : . '4 } ~ _ . . ~ .r~ " - { . ~ +x~ ~ ~ ` i . - . y . . . ' . . a - ~y , ' ~ ~ . ~ _ ..s • a ` . ' ~ ' ~ ' ~7 - . ~ ' _ 1 ~ ,`3. - . - . _ , - . . ' ' . . ~ ' e t . : _ ~ . _ . , , ' ~;5~ i ~ 4 .y~:.~~:. Y`~ , ; _ - ~ s - l i - `~'w+w~+.:r.e3.a. r 's - - - - - ...~_~a~.__.~.>.~ ~ - ~ ~ ~ ~ ' ~ " . - ~`+d; ~ . ~ ~ . . . ~ ~ ~ ~ ~ ~ ' ' rovided for. in thfs Reso~ution shall be deemed ~to be . , • ex~r~ssly p - incorpdrated herein by r~eference. SECTION 5. .AUTHORIZATION OF N4TE ~AND PROJBCT. The Pro ect is hereby authorized and, subject _and pursudnt to the _ i rovision~ of thi~ Resol"ution, a note of the County is hereby = _ P ~?uth~rized to be executed,~issued and delivered to tihe Lender as evidence of the obligation of the. County to pay to the Lend~r or - any subsequent ~Noteholder the sum_ of not exc~ee~ing Seven Mill~on Dollars (57.600,000). Unti~ expended to p~+y Project~Costs, the - roceeds of the Note shali be invested only in ~Authorized ; p . • . . . Investments. _ SECTION 6. DESCRIPTION OF NOTE~ ta) General. The Note ` shall be paYaY?1$ to the Noteholders sh811 be date~ as of November = 19, 1987s shall be in the denomination of~ not exceeding Seven _ Million Dollars i~7,000,000); shall mature on November 19, 1992: - shall bear interest at the Stated Rate, subject to adjust~ent as - hereinafter pxovi~ed, payable on February 19, May 19, August 19, - and November 19 of each years and sha31 mature as to prfncipal in ~ ` such araounts~ to be Qetermfned as of each An~iversary Date, as will provide for equal paymenta of principal and interest on each - ~ Interest Payment Date during the Note Year. cori~nencing on suc3~ Anr~fversary Date, assuming ~ta? amortization of all principa~l "over . the remaininq term of ths Note and ~ b~ interest f or ~ such remaining t~rm at the Imputed Rate. ~ ; . . f. • i: ~ . ~ ' -13- ROF~LUCIE-30~1~A-16i11/16/89) • tp~ ~1~7 PA6f . - . _ _ - „ . . < < ~ . _ . : - . - < - _ . - . _ _ . . . j . . 2 . ~ " - . . . . . . . -~"_-a