Title:
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A Resolution concerning Consolidation of Municipal Bonds for Sale for the purpose of authorizing that bonds authorized to be sold by separate acts of authorizing legislation be consolidated for sale and issued, sold and delivered as one or more single issues of bonds
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Title
A Resolution concerning Consolidation of Municipal Bonds for Sale for the purpose of authorizing that bonds authorized to be sold by separate acts of authorizing legislation be consolidated for sale and issued, sold and delivered as one or more single issues of bonds
Background
This resolution provides the authority for bonds heretofore or hereafter authorized to be issued, to be consolidated for sale and issued, sold and delivered as one or more single issues of bonds. Consolidation provides debt service savings to the County through efficiencies afforded to the purchasers of bonds and administrative simplification to the County. The fiscal impact on the County will be positive to the extent of such debt service savings.