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2001-073
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2001-073
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Last modified
2/7/2017 12:15:13 PM
Creation date
9/30/2015 5:11:51 PM
Metadata
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Resolutions
Resolution Number
2001-073
Approved Date
08/07/2001
Resolution Type
Bonds
Entity Name
Dodgertown
Subject
IRC Revenue Bonds Award and Sale Spring Training Facility
Authority Chairman and Vice Chairman
Disclosure Agreement
Area
Dodgertown
Archived Roll/Disk#
2745
Supplemental fields
SmeadsoftID
2586
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RESOLUTION NO. 2001-073 <br /> A RESOLUTION OF INDIAN RIVER COUNTY, FLORIDA <br /> AUTHORIZING THE NEGOTIATED SALE OF NOT TO EXCEED <br /> $18,000,000 INDIAN RIVER COUNTY, FLORIDA REVENUE BONDS <br /> (SPRING TRAINING FACILITY),SERIES 2001; AWARDING THE SALE <br /> THEREOF SUBJECT TO THE TERMS AND CONDITIONS OF A BOND <br /> PURCHASE CONTRACT;DELEGATING AUTHORITY TO AWARD THE <br /> SALE OF THE BONDS TO THE CHAIRMAN OR VICE CHAIRMAN; <br /> AUTHORIZING THE DISTRIBUTION OF PRELIMINARY AND <br /> OFFICIAL STATEMENTS IN CONNECTION WITH THE DELIVERY OF <br /> THE BONDS AUTHORIZING THE EXECUTION OF THE CONTINUING <br /> DISCLOSURE AGREEMENT; PROVIDING FOR CERTAIN OTHER <br /> MATTERS IN CONNECTION THEREWITH; AND PROVIDING AN <br /> EFFECTIVE DATE. <br /> WHEREAS,the Board of County Commissioners of Indian River County,Florida(the"Issuer") <br /> has,by Resolution No.2001-072 adopted on August L,2001 (the"Resolution")authorized the issuance <br /> of not to exceed$18,000,000 Indian River County,Florida Revenue Bonds(Spring Training Facility), <br /> Series 2001 (the"Bonds")to finance the acquisition,construction,rehabilitation and equipping of the <br /> existing baseball spring training facility generally known as"Dodgertown"located in Indian River County, <br /> Florida; and <br /> WHEREAS,the Issuer now desires to issue bonds to be sold by negotiated sale to William R. <br /> Hough&Co.and Hanifen,Imhoff,a Division of Stifel Nicolaus and Company,Inc.(collectively,the <br /> "Underwriters"); and <br /> WHEREAS,due to the complexity of the financing,the critical importance of the timing of the sale <br /> of the Bonds and the willingness of the Underwriters to purchase the Bonds pursuant to the terms and <br /> conditions set forth in the Bond Purchase Contract,the form of which is attached as Exhibit"A",it is in the <br /> best interest of the public to negotiate the sale of the Bonds with the Underwriters; and <br /> WHEREAS,the Issuer desires to sell its Bonds pursuant to the Bond Purchase Contract;authorize <br /> distribution of the Preliminary Official Statement and Official Statement in connection with the issuance of <br /> the Bonds; and <br /> WHEREAS,the Issuer has been or will be provided all applicable disclosure information required <br /> by Section 218.385(6), Florida Statutes; and <br /> WHEREAS,all capitalized undefined terms used herein shall have the meaning set forth in the <br /> Resolution; <br />
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