Laserfiche WebLink
<br />- <br />L. t' "J t_~ 1).~f".I <br />r'II.....'"'~"J...., <br /> <br />COUNTY ATTORNEY - DISCUSS AND TAKE ACTION ON RESOLUTION <br />REGARDING YWCA BOND REFINANCING AND AUTHORIZE CHAIR TO SIGN THE <br />FIRST SUPPLEMENT TO TRUST INDENTURE - County Attorney Jerry Janulewicz <br />stated that in 2000 the YWCA used industrial development bonds for the improvements <br />and remodeling at the Y. Norwest Bank was the holder of these bonds and because of <br />the changes in the interest rate they are requesting to redo the bonds and take <br />advantage of the lower interest rates. The bondholder and the trustee of the bonds are <br />in agreement so the county will need to adopt the resolution to start this. Mr. Janulewicz <br />stated that representatives from Wells Fargo are present to answer any questions. <br /> <br />Arnold stated that the county has a limit on the amount of bonds that can be awarded <br />and he questioned if this award would affect this year or next year, Mr. Janulewicz stated <br />that he understood these bond would affect the calendar year 2003. <br /> <br />Hartman made a motion and Jeffries seconded to approve Resolution #03-0071 the <br />resolution regarding the YWCA bond refinancing and authorize the chair to sign the first <br />supplement to the trust indenture. Arnold, Eriksen, Hartman, Humiston, Jeffries, <br />Lancaster and Rye all voted yes and none voted no. Motion carried. <br /> <br />BEFORE THE BOARD OF COUNTY SUPERVISORS <br />OF HALL COUNTY, NEBRASKA <br /> <br />RESOLUTION AUTHORIZING AND ) <br />APPROVING THE EXECUTION, ISSUANCE ) <br />AND DELIVERY OF A FIRST SUPPLEMENTAL ) <br />TO TRUST INDENTURE AND RELATED ) <br />DOCUMENTS AND ITEMS; AUTHORIZING ) <br />AND APPROVING THE REISSUANCE OF THE ) <br />COUNTY'S INDUSTRIAL DEVELOPMENT ) <br />REVENUE BONDS, SERIES 2000 (YOUNG ) <br />WOMEN'S CHRISTIAN ASSOCIATION OF ) <br />GRAND ISLAND, NEBRAKA PROJECT); AND ) <br />RELATED MATTERS. ) <br /> <br />RESOLUTION NdJ3 -'it <br /> <br />BE IT RESOLVED BY THE BOARD OF SUPERVISORS (THE "BOARD") OF <br />THE COUNTY OF HALL, NEBRASKA (THE "COUNTY"), as follows: <br /> <br />Section 1. Finding.s. The County has heretofore determined, and does hereby <br />determine, as follows: <br /> <br />(a) The County has previously issued its Industrial Development <br />Revenue Bonds, Series 2000 (Young Women's Christian Association of Grand <br />Island, Nebraska Project), in the principal amount of $500,000 (the "2000 Bonds"), <br />pursuant to the terms of a resolution of the County and a Trust Indenture, dated as of <br />March 30, 2000 (the "Indenture"), between the County and Norwest Bank Nebraska, National <br />Association (now known as Wells Fargo Bank Nebraska, National Association), all in <br />accordance with the provisions of Section 2 of Article XIII of the Nebraska <br />Constitution and Sections 13-1101 to 13-1110, inclusive, Reissue Revised Statutes of <br />Nebraska, as amended. <br /> <br />2 <br />