Laserfiche WebLink
<br />VLC5"OO5~-' <br /> <br />WHEREAS, the County has agreed to issue its Variable Rate Demand Industrial <br />Development Revenue Bonds (Global Industries, Inc. Project) Series 2000 in the principal amount <br />of$3,000,000 (the "Bonds") for such purpose and to enter into an agreement with Wells Fargo Bank <br />Nebraska, National Association for the placement of the Bonds (the "Placement Agent"), and there <br />have been prepared in connection with such financing, issuance, sale and delivery of the Bonds the <br />following documents which have been presented to the County on this date: <br /> <br />1. The form of the Indenture of Trust (the "Indenture") among the County, Wells <br />Fargo Bank Nebraska, National Association, as Trustee ("Trustee") and the Company; <br /> <br />2. The form of the Lease Agreement (the "Lease Agreement") among the County, <br />the Trustee and the Company; <br /> <br />3. The form of the Tax Regulatory Agreement from the Company and the No <br />Arbitrage Certificate (collectively the "Tax Agreements") of the County; <br /> <br />4. The form of the Bond as set forth in the Indenture; <br /> <br />5. The Deed of Trust and Construction Security Agreement, the UCC-1 <br />Financing Statement from the County for the benefit of the Trustee (the "Security Documents"); and <br /> <br />6. The form of the Bond Placement Agreement (the "Bond Placement <br />Agreement') among the County, the Placement Agent, and the Company. <br /> <br />WHEREAS, it appears that each of the instruments above referred to, which are now <br />before the Board of Commissioners of the County, is in appropriate form and is an appropriate <br />instrument for the purposes intended; <br /> <br />NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF <br />SUPERVISORS OF THE COUNTY OF HALL, AS FOLLOWS: <br /> <br />ARTICLE I <br /> <br />LEGAL AUTHORIZATION; FlNDINGS <br /> <br />Section 1.01. Legal Authorization. The County is a political subdivision existing under the <br />Constitution and laws ofthe State and is authorized under the Act to issue and sell its revenue bonds <br />in the form of one or more debt instruments such as the Bonds for the purpose, in the manner and <br />upon the terms and conditions set forth in the Act, in this Resolution and in the Lease Agreement. <br /> <br />Section 1.02. Findings. The County has heretofore determined, and does hereby determine <br />as follows: <br /> <br />(a) The issuance of the Bonds will effectuate the public purposes of the County <br />and carry out the purposes of the Act by, among other things, increasing economic activity and the <br /> <br />2 <br />