2017-0277
INTRODUCED BY: LARRY COCHRAN, PARISH PRESIDENT
(BOND COUNSEL)
RESOLUTION NO.
Title
A resolution recognizing and approving the execution of the Bond Purchase Agreement and Official Statement regarding the issuance and sale of Limited Tax Revenue Bonds, Series 2017A, of the Parish of St. Charles, State of Louisiana.
Body
WHEREAS, the St. Charles Parish Council (the "Governing Authority"), acting as the governing authority for the Parish of St. Charles, State of Louisiana (the "Issuer") adopted an Ordinance on July 31, 2017 (the "Prior Ordinance"), providing for the issuance and sale of the Issuer's Limited Tax Revenue Bonds, Series 2017A (the "Bonds") for the purpose paying costs of constructing, acquiring, extending and/or improving levees, facilities and structures associated with outer flood protection systems within the Issuer and paying the costs of issuance of the Bonds; and,
WHEREAS, the Parish President has executed the Bond Purchase Agreement as authorized by the Prior Ordinance; and,
WHEREAS, the form of Bond Purchase Agreement contained in the Prior Ordinance was complete except for the amount of the bonds, date of the Bond Purchase Agreement, establishments of issue price, date of Preliminary Official Statement, date of delivery, Schedules I and II and Exhibit A to the Bond Purchase Agreement; and,
WHEREAS, a copy of the completed Bond Purchase Agreement is attached hereto as Exhibit A for the Bonds.
NOW, THEREFORE, BE IT RESOLVED by the Governing Authority of the Issuer that:
SECTION 1. Ratification of Bond Purchase Agreement. The Bond Purchase Agreement has met the parameters set forth in the Prior Ordinance, and accordingly, its execution is hereby ratified and approved.
SECTION 2. Official Statement. The Issuer approves the form and content of the final Official Statement and hereby ratifies its execution by the Parish President and Parish Council Chairman of the Issuer and delivery to the Purchaser (as defined in t...
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