A. MOTION TO OPEN Public Hearing relating to the issuance of Airport System Revenue Bonds, Series 2017 (AMT), in an aggregate principal amount not to exceed $400,000,000 for purposes of Section 147(f) of the Internal Revenue Code of 1986, as amended.
ACTION: (T-11:13 AM) Following public comment and Board discussion, the Board moved the agenda. (Refer to minutes for full discussion.)
B. MOTION TO ADOPT Series Resolution No. 2017-493 of the Board of County Commissioners of Broward County, Florida, authorizing the issuance of the County’s not exceeding $400,000,000 Airport System Revenue Bonds, Series 2017 (AMT), for the purpose of providing funds, together with other available moneys, to pay a portion of the cost of the Series 2017 Project, such bonds to be issued as additional bonds under Resolution No. 2012-320, adopted on May 8, 2012, Amending and Restating Resolution No. 82-A-2, adopted on November 9, 1982, as previously amended and supplemented (the “ASR Bond Resolution”); determining the form and certain details of said bonds; delegating to the County Administrator the determination of certain matters and details concerning said bonds; designating certain Passenger Facilities Charges as "Available Revenues" and irrevocably committing the same for the payment of certain bonds; authorizing the negotiated sale of said bonds and the execution and delivery of a Purchase Contract; authorizing the distribution of a Preliminary Official Statement; authorizing the execution and delivery of an Official Statement; approving uncertificated, book-entry only registration of said bonds with The Depository Trust Company; delegating to the County Administrator authority to negotiate and obtain a municipal bond insurance policy to insure all or a portion of said bonds and to execute and deliver any related agreements; delegating to the County Administrator authority to negotiate and obtain a reserve product and to execute and deliver any related agreements; authorizing the execution and delivery of a Continuing Disclosure Certificate; providing for the application of bond proceeds; confirming the appointment of the Trustee, Bond Registrar And Paying Agent; providing for the appointment of a financial printer for the Preliminary Official Statement and the Official Statement; approving the issuance of said Bonds for purposes of Section 147(f) of the Internal Revenue Code of 1986, as amended; authorizing proper officials to do all things deemed necessary in connection with the issuance, sale and delivery of said bonds; and providing an effective date.
ACTION: (T-11:22 AM) Approved. (Refer to minutes for full discussion.)
VOTE: 9-0.
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