OMB-23-0003

Official title

Resolution Amending Resolution No. 14-13, Pertaining to the County's $15,310,000.00 Guaranteed Entitlement Refunding Revenue Bond, Series 2013B Held by TD Bank, N.A. (the "Bank"), of Which $10,120,000.00 in Principal Amount Remains Outstanding, to (i) Reflect an Increase in the Interest Rate Applicable to the Series 2013B Bond Starting on October 26, 2022, Based on a Change to the Corporate Tax Rate Resulting from Federal Tax Legislation Effective as of January 1, 2018, and (ii) Authorize a One-time Payment to the Bank in the Amount of $80,918.08 Constituting Full and Complete Compensation for the Change in Corporate Tax Rate and its Effect on the Bank's Reduced Interest Yield from January 1, 2018, up until October 26, 2022 - Budget Amendment - Transfer Funding from the General Fund Reserves to the Guaranteed Entitlement Refunding Revenue Bond, Series 2013B Debt Service Fund - Fiscal Year 2023 - $100,000.00