Laserfiche WebLink
L 1' <br /> Financial Guaranty Insurance <br /> Company <br /> 115 Broadway FDIC, <br /> New York,NY 10006 <br /> (212)312-3000 <br /> (800)352-0001 <br /> A GE Capita!Company <br /> April 20,2001 <br /> Mr.Joseph A.Baird <br /> Asst.County Administrator <br /> Indian River County <br /> 1840251"Street <br /> Vero Beach,Florida 32960 <br /> Re: New Issue and Debt Service Reserve Fund Policies Relating to Indian River County,Florida,Revenue <br /> Bonds(Spring Training Facility),Series 2001 <br /> Dear Mr.Baird: <br /> Enclosed please find one original and one copy of our commitments to provide municipal bond insurance and a <br /> debt service reserve fund policy for the above-referenced bond issue. There are no other fees or expenses charged <br /> by Financial Guaranty other than those outlined in the commitment letters. With respect to the rating agencies and <br /> rating agency fees on insured transactions, please read the enclosure attached to the new issue commitment letter <br /> and familiarize yourself with its contents prior to printing the preliminary official statement. Payment of any such <br /> fees is not the responsibility of Financial Guaranty; it is a matter solely between the issuer and the rating agencies. <br /> Financial Guaranty will utilize its inside counsel,as needed. <br /> Various Exhibits are attached to the new issue commitment letter and the reserve policy commitment letter. These <br /> Exhibits contain provisions that must be printed on the Bonds or incorporated into the authorizing document for <br /> the Bonds and the official statement, as appropriate. Note, too, that Exhibit B to the reserve policy commitment <br /> letter is a form of the Debt Service Reserve Fund Policy Agreement which is to be executed in connection with the <br /> issuance of the reserve policy. <br /> All inquiries regarding the commitment letter conditions,the bond documents, and closing procedures, as well as <br /> proofs of the bond form and official statement (prior to their final printing), should be directed to Claudette A. <br /> Littlejohn (212-312-3374), at the same address. Also, it is essential that you inform us as soon as possible of <br /> the closing date for this bond issue. <br /> At bond closing, the premium payment should be made to Financial Guaranty via a Federal funds wire transfer. <br /> Wire transfer instructions are enclosed. <br /> Please fax to 212-312-3206 a copy of the signature page of the original commitment letter executed by the <br /> appropriate official by April 27,2001. Also,return the original executed commitment letter to Claudette A. <br /> Littlejohn by regular mail at the address set forth on the first page of the commitment letter. <br /> Si rely, - <br /> P <br /> seph P isi <br /> Public Finance <br /> :hm <br /> cc: Claudette A.Littlejohn-FGIC <br /> Dale Robert Bicknell-Florida Resident Agent <br /> Bob Reid-Bryant,Miller and Olive,P.A. <br /> Mitchell N.Owens—William R.Hough&Co. <br /> Pon isi\Commit200I\FL-Indian River County-NI <br />