ALBUQUERQUE BERNALILLO COUNTY
WATER UTILITY AUTHORITY
BILL NO. F/S R-14-10 |
RESOLUTION
t
Approving the Sale of Albuquerque Bernalillo County Water Utility Authority (the "Water Authority") Senior Lien Joint Water and Sewer System Refunding Revenue Bonds, Series 2014A in the Aggregate Principal Amount of $98,420,000 (the "Series 2014A Bonds"); Approing the Sale of the Water Authority Subordinate Lien Joint Water and Sewer System Refunding Revenue Bonds, Series 2014B in the Aggregate Prinicpal Amount of $88,585,000 (the "Series 2014B Bonds", and Together With the Series 2014A Bonds, (the "Bonds"); Establishing Certain Details of the Bonds; Providing for the Payment of the Costs of Issuance of the Bonds; Approving Disclosure and Other Documents Relating to the Bonds; and Ratifying Action Previously Taken in Connection Therewith.
b
WHEREAS, unless otherwise defined in Section 1 of this Confirming Resolution or the context requires otherwise, capitalized terms in the Confirming Resolution have the same meaning assigned to those terms in Section 1 of Ordinance No. O-14-2 (the "Bond Ordinance") adopted by the Board of the Water Authority (the "Board") on August 20, 2014; and
WHEREAS, the Confirming Resolution is adopted pursuant to the Bond Ordinance in order to amend or supplement certain matters in the Bond Ordinance and to approve the terms, sale price, maximum interest rates and other matters with respect to the Bonds; and
WHEREAS, the Board has adopted the Bond Ordinance which authorized the issuance of the Bonds and provides for the adoption of a Confirming Resolution by the Board to approve terms and documents relating to the issuance, delivery, sale, and administration of the Bonds, and the Confirming Resolution is adopted by the Board for those purposes; and
WHEREAS, the Water Authority adopts this resolution pursuant to the authority granted to it in the Bond Legislation and the Act; and
WHEREAS, it is in the best inter...
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