(A) The county, through its Auditor or a third-party selected by the Auditor, is hereby directed to conduct a continuing disclosure review of its prior continuing disclosure undertakings (the “review”). Such review shall include, but is not limited to, a historical review of the county’s continuing disclosure obligations and filings and bond offering documents in connection with its prior issuances that are within the timeframes contemplated by the MCDC initiative.
(B) The county is hereby authorized to participate in the MCDC initiative if in the discretion of the Auditor and the President of the Board of County Commissioners, or either one of them, after consultation with the County Attorney, bond counsel and financial advisors, it is determined that such participation is appropriate.
(C) The Auditor and the President of the Board of County Commissioners, or either one of them, after consultation with the County Attorney, bond counsel and financial advisors, are hereby authorized to execute and deliver any and all documents and instruments, including the Municipalities Continuing Disclosure Cooperation initiative questionnaire for self-reporting entities contained in the MCDC initiative (the “questionnaire”), and to do and cause to be done any and all acts and things necessary or proper for participating in the MCDC initiative and all related transactions, including the review, contemplated by this section.
(D) Any action taken by the Auditor or any other employee of the county with respect to the review prior to the adoption of this section, including the engagement of a third party to conduct the review and participation in the MCDC initiative, is hereby ratified and confirmed.
(Res. 2014-19, passed 11-20-2014)