What Is An Bond Purchase Agreement

The New Mexico Financing Authority (the “purchaser”) enters into this bond purchase agreement (the “agreement”) with Rio Arriba County, New Mexico (the “County”) for the purchase of Rio Arriba County, New Mexico General Obligation Bonds, Series 2020A and General Obligation Bonds, Series 2020B (Imposable), for a total capital amount of $US 6,000,000 (the “2020A Bonds” and “2020B Bonds,” and the “Bonds”). Borrowings are established in accordance with sections 4-49-1 at 4-49-21, Sections 6-14-1 at 6-14-12 and Sections 6-15-1 at 6-6-15-28, NMSA 1978, amended (hereafter referred to as “law”), and the County District Commission (the “Commission”) regulation adopted on January 28, 2020 (the “regulation”). The regulation authorizes a price advisor to act on behalf of the county when the debt is sold and delivered by a certificate signed by the price official (the “price certificate” and with the ordin on the basis of the representations and terms of this bond purchase contract of the [end date], 2014 (“The Agreement”), 95Q Corner Properties, LLC, a Kansas limited liability company (the “original buyer”), proposes to acquire $1,655,975 in taxable tax obligations, series 2014 (which will 95 Shops Community Improvement District Project) (the “Bonds”), the City of Overland Park, Kansas (the “transmitter”), in accordance with a regulation adopted by the issuer`s governing body on December 15, 2014, and in accordance with a Trust Indenture date [end] , 2014 (the “Indenture”), between the issuer and BOKF , N.A. d/b/a Bank of Kansas City, Overland Park, Kansas, a properly organized national banking federation and exists under the laws of the United States of America, as an agent (the “Trustee”). For all capitalized terms not defined in this agreement, the definitions must be indicated in the register. The bonds – paid once by the insurer – are properly executed, authorized, issued and delivered by the issuer to the insurer. After the issuer delivers the bonds to the insurer, the insurer will put the bonds on the market at the price and yield of the bond purchase agreement and investors will purchase the bonds from the insurer. The insurer takes the proceeds of this sale and makes a profit based on the difference between the price at which it purchased the issuer`s bonds and the price at which it sells the bonds to fixed-rate investors.