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Consider adopting a resolution authorizing the execution, sale, and delivery of the 2017 Certificates of Participation ("2017 Certificates") in a principal amount not to exceed $90,000,000 for the refunding of the 2007 Certificates of Participation which were in turn a refunding of the 2002 Certificates of Participation that were issued to fund construction of the County Government Center, Parking Structure, Probation Building, and other County Facilities; Approve the form of the Site Lease, Lease, Trust Agreement, Continuing Disclosure Agreement, Escrow Agreement, Certificate Purchase agreement, and Preliminary Official Statement; Appoint Orrick, Herrington & Sutcliffe LLP as special counsel and appoint Hawkins, Delafield and Wood LLP as disclosure counsel; Delegate the County Administrator or her designee authorization to "deem final" the Preliminary Official Statement, negotiate the sale of Certificates of Participation, and Authorize county officials to take necessary actions related to the preparation and sale of the certificates
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Published Notice Required? Yes ____ No __X_
Public Hearing Required? Yes ____ No __X_
DEPARTMENTAL RECOMMENDATION:
Staff recommends that the Board of Supervisors:
1. Consider adopting a resolution authorizing the execution, sale, and delivery of the 2017 Certificates of Participation ("2017 Certificates") in a principal amount not to exceed $90,000,000 for the refunding of the 2007 Certificates of Participation which were in turn a refunding of the 2002 Certificates of Participation that were issued to fund construction of the County Government Center, Parking Structure, Probation Building, and other County Facilities;
2. Approve the form of the Site Lease, Lease, Trust Agreement, Continuing Disclosure Agreement, Escrow Agreement, Certificate Purchase agreement, and Preliminary Official Statement;
3. Appoint Orrick, Herrington & Sutcliffe LLP as special counsel; and appoint Hawkins, Delafield and W...
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