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HomeMy WebLinkAboutResolution 03-049-CCBOARD OF COUNTY COMMISSIONERS Grant County, Washington RESOLUTION AUTHORIZING THE ACQUISITION RESOLUTION No. 2003-0qq -CC OF REAL PROPERTY AND EXECUTION OF A FINANCING CONTRACT, SITE LEASE AND RELATED DOCUMENTATION RELATING TO THE ACQUISITION OF SAID REAL PROPERTY WHEREAS, Grant County (the "Local Agency") has executed a Notice of Intent to the Office of State Treasurer, in the form attached hereto as Annex 1 (the "NOP'), in relation to the acquisition of and the financing of the acquisition, improvement and betterment (collectively, the "acquisition") of the Property, as defined below, under the provisions of RCW 39.94; and WHEREAS, it is deemed necessary and advisable by the Board of County Commissioners of the Local Agency that the Local Agency acquire the real property identified on Annex 1 attached hereto ("Property"); and WHEREAS, it is deemed necessary and advisable by the Board of County Commissioners of the Local Agency that the Local Agency enter into a Site Lease with the Washington Finance Officers Association in the form attached hereto as Annex 2 to facilitate the financing of the Property; WHEREAS, it is deemed necessary and advisable by the Board of County Commissioners of the Local Agency that the Local Agency enter into a Local Agency Financing Contract with the Office of the State Treasurer, in the form attached hereto as Annex 3 (the "Financing Contract'), in an amount not to exceed Five Hundred Thousand and No/100 Dollars ($500,000.00), in order to acquire the Property, and finance the acquisition of the Property and related financing costs; WHEREAS, the Local Agency will undertake to acquire and/or improve the Property on behalf of and as agent of the Washington Finance Officers Association (the "WFOA") pursuant to the terms of the Financing Contract, and in accordance with all applicable purchasing statutes and regulations applicable to the Local Agency; and WHEREAS, the Local Agency desires to appoint the individuals set forth in Annex 4 as the representatives of the Local Agency in connection with the acquisition of the Property and execution of the Financing Contract (each an "Authorized Agency Representative"); NOW, THEREFORE, BE IT HEREBY RESOLVED, by the Board of County Commissioners of Grant County, Washington, as follows: Section 1. The individuals holding the offices or positions set forth in Annex 4 are each hereby appointed as a representative of the Local Agency in connection with the acquisition of Resolution Authorizing The Acquisition Of Real Property And Execution Of A Financing Contract, Site Lease And Related Documentation Relating To The Acquisition Of Said Real Property H \Cammissmnei s\OFields\Resoluhan-Ordinnna\CMIIC doo Page 1 of 2 the Property and execution of the Financing Contract and all other related documents. A minimum of one (1) Authorized Agency Representatives shall be required to execute any one document in order for it to be considered duly executed on behalf of the Local Agency. Section 2. The form of the Site Lease attached hereto as Annex 2 is hereby approved and the Authorized Agency Representatives are hereby authorized and directed to execute and deliver the Site Lease, in substantially the form attached hereto with such changes as may be approved by the Authorized Representatives, to facilitate the acquisition and/or improvement of the Property and financing of the acquisition of the property. Section 3. The form of the Financing Contract attached hereto as Annex 3 is hereby approved and the Authorized Agency Representatives are hereby authorized and directed to execute and deliver the Financing Contract, in an amount not to exceed Five Hundred Thousand and No/100 Dollars ($500,000.00) and in substantially the form attached hereto with such changes as may be approved by the Authorized Representatives, for the acquisition of the property and financing of the acquisition of the Property and related financing costs. Section 4. The Local Agency hereby authorizes the acquisition of the property as agent of the WFOA in accordance with the terms and provisions of the Financing Contract. Section 5. The Authorized Representatives are hereby authorized to execute and deliver to the Office of State Treasurer all other documents, agreements and certificates, and to take all other action, which they deem necessary or appropriate in connection with the financing of the property, including, but not limited to, any amendment to the NOI, any tax certificate and any agreements relating to initial and ongoing disclosure in connection with the offering of securities related to the financing. Section 6. This resolution shall become effective immediately upon its adoption. DATED this c;4 * day of March, 2003. Resolution Authorizing The Acquisition Of Real Property And Execution Of A Financing Contract, Site Lease And Related Documentation Relating To The Acquisition Of Said Real Property H VCoimnrsson rzVOFeldsiResofuoon-0rdmm�o AGMHC doc Page 2 of 2 BOARD OF COUNTY COMMISSK Yea Nay Abstain GRANT COUNTY, WASHINGTON Deborah Kay re, Chair ❑ ❑ ATTEST: LeRoy lison, e El El ❑ Clerk of the Board Tim Snead, Member Resolution Authorizing The Acquisition Of Real Property And Execution Of A Financing Contract, Site Lease And Related Documentation Relating To The Acquisition Of Said Real Property H VCoimnrsson rzVOFeldsiResofuoon-0rdmm�o AGMHC doc Page 2 of 2