2001-073 - Laserfiche WebLink

Home Browse Search

Florida Statutes, as amended, County Home Rule Ordinance No. 95-16, enacted July 18, 1995, as amended, and other applicable provisions of law (collectively the "Act"), and Indian River County Resolution No. [ ],adopted [ ], as amended and supplemented(the "Resolution"),and other applicable provisions of law. The Series 2001 Bonds are limited obligations of Indian River County, Florida,payable by the County from and secured by alien upon and pledge of the Pledged Revenues(as described herein)including amounts on deposit in the funds and accounts established under the Resolution (other than the Rebate Fund) The Series 2001 Bonds are being issued by the County to provide funds, together with other available funds,to(i)finance a portion of the cost ofacquisition and expansion of a spring training facility known as "Dodgertown'; (n) pay a premium for a municipal bond insurance policy [and a debt service reserve account surety bond, and (iii) pay certain costs and expenses incurred in connection with the issuance of the Series 2001 Bonds The Underwriter is duly authorized to execute this Bond Purchase Contract. 2. Good Faith Deposit. Delivered to youherewith,as a good faith deposit,is a corporate check of the Underwriters payable to the order of the County in the amount of[Good Faith Amount] security for the performance by the Underwriters oftheir obligations to accept and pay for the Series 2001 Bonds at Closing(as defined herein)in accordance with the provisions hereof. In the event that you accept this offer,said check shall be held uncashed by the County as a good faith deposit. At the Closing,the check will be returned to the Underwriters. In the event you do not accept this offer,the check shall be immediately returned to the Underwriters. If the Underwriters fail (other than for a reason permitted hereunder)to accept and pay for the Series 2001 Bonds at the Closing as provided herein,the check may be cashed by you and the proceeds retained by the County as and for full liquidated damages for such failure and for any and all defaults hereunder on the part of the Underwriter, and the retention of such amounts shall constitute a full release and discharge ofall claims and damages for such failure and for any and all such defaults hereunder on the part of the Underwriter. In the event that the County fails to deliver the Series 2001 Bonds at the Closing,or if the County is unable at or prior to the date of Closing to satisfy or cause to be satisfied the conditions to the obligations of the Underwriter contained in this Bond Purchase Contract, or if the obligations of the Underwriters contained herein shall be cancelled or terminated for anyreasonpermitted by this Bond Purchase Contract, the County shall be obligated to immediately return the check to the Underwriters and the return of such check shall constitute a full release and discharge of all claims and damages for such failure and for any and all such defaults hereunder on the part of the County. 3. Offering. It shall be a condition of your obligation to sell and deliver the Series 2001 Bonds to the Underwriters,and the obligation of the Underwriters to purchase and accept delivery of the Series 2001 Bonds,that the entire aggregate principal amount ofthe Series 2001 Bonds shall be sold and delivered by you and accepted and paid for by the Underwriters at the Closing. 2