February 2018 Board meeting - CWU Sammamish - a

BOARD OF TRUSTEES CENTRAL WASHINGTON UNIVERSITY SYSTEM REVENUE BONDS SERIES 2018 BOND RESOLUTION RESOLUTION NO. 18-02

A RESOLUTION of the Board of Trustees of Central Washington University providing for the issuance of the University’s System Revenue Bonds, Series 2018, in the aggregate principal amount of not to exceed $45,000,000, for the purpose of providing funds (i) to pay all or a portion of the cost of acquiring, constructing, and equipping a new residence hall and dining facility on the University’s main campus in Ellensburg and renovating an existing student apartment complex, (ii) to capitalize interest on the bonds, if interest is capitalized, and (iii) to pay the costs of issuance and sale of the bonds; providing for certain terms and covenants of the bonds; establishing a construction account; authorizing and directing the sale of the bonds; and providing for other related matters. WHEREAS, Resolution No. 12-02 (the “Master Resolution”), adopted on February 3, 2012, by the Board of Trustees (the “Board”) of Central Washington University (the “University”), restated Resolution No. 02-03 adopted by the Board on May 10, 2002, as amended by Resolution No. 04-01 adopted by the Board on May 26, 2004, including certain provisions approved by Bondowners on June 10, 2004, and by Resolution No. 10-10 adopted by the Board on October 1, 2010, which Master Resolution authorizes the issuance of special fund revenue bonds in one or more series; and WHEREAS, the University has issued various series of Bonds under the Master Resolution, of which the following Bonds remain Outstanding:

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