Common use of Public Hearing and Approval Clause in Contracts

Public Hearing and Approval. The issuance of the Series 2016B Bond was approved by the Board of Supervisors of Albemarle County, Virginia ("Board of Supervisors"), on June 8, 2016, following the Issuer's authorization of the Series 2016B Bond. The Issuer authorized the issuance of the Series 2016B Bond after a public hearing held by the Issuer on May 31, 2016, notice of which was published in The Daily Progress on May 17, 2016 and May 24, 2016. The Board of Supervisors is the "applicable elected representative" with respect Albemarle County, Virginia, which is the governmental unit on behalf of which the Issuer is issuing the Series 2016B Bond. Albemarle County, Virginia is the "governmental unit having jurisdiction over the area in which any facility, with respect to which financing is to be provided from the net proceeds of such issue, is located." The Board of Supervisors is the "applicable elected representative" with respect to the County of Albemarle, Virginia, which is the governmental unit on behalf of which the Issuer issued the Series 2016B Bond.

Appears in 1 contract

Samples: Tax Certificate and Agreement

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