2001-073 - Laserfiche WebLink

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NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA: SECTION 1. Due to the complexity of the financing,the critical importance of the timing of the sale of the Bonds and the willingness of the Underwriters to purchase not to exceed$18,000,000 principal amount of Indian River County,Florida Revenue Bonds(Spring Training Facility), Series 2001 (the "Bonds),it is hereby determined that it is in the best interest of the public and the Issuer to sell the Bonds at a delegated negotiated sale,and such sale to the Underwriters,as detennined by the Chairman or Vice Chairman,is hereby authorized and approved,subject to full satisfaction of the conditions set forth in this Section. The sale shall be in accordance with the terns of the Bond Purchase Contract and in substantially the form attached hereto as Exhibit"A",with such changes,amendments,modifications,omissions and additions thereto as shall be approved by the Chairman or Vice Chairman in accordance with the provisions of this Section,their execution thereof being deemed conclusive evidence of the approval of such changes and full satisfaction of the conditions set forth in this Section. The Bond Purchase Contract shall not be executed by the Chairman or Vice Chairman until such time as all of the following conditions have been satisfied: (A) Receipt by the Chairman or Vice Chairman of a written offer to purchase the Bonds by the Underwriter substantially in the form of the Bond Purchase Contract,said offer to provide for,among other things,(i)the issuance of not exceeding$18,000,000 aggregate principal amount of Bonds at a net interest rate not to exceed 6.00%,(ii)an underwriting discount (including management fees and all expenses)not in excess of$6 per$1,000 of principal amount of Bonds,(iii)the final maturity of the Bonds shall be not later than 2031,and(iv) the dated date of the Bonds shall be August 1,2001. (B) Receipt by the Chairman from the Underwriters of a disclosure statement and truth-in- bonding information complying with Section 218.385, Florida Statutes. (C) The Bonds shall be subject to optional redemption at the option of the Issuer in whole or in part on and after a date that is not later than 2012 at a redemption price not to exceed 102%. The County Administrator,or his designee,is hereby authorized to approve the payment of the costs of issuing the Bonds,including,but not limited to,fees and expenses of Bond Counsel,Disclosure Counsel,Financial Advisor,Underwriter's Counsel,Issuer's Counsel,Registrar and Paying Agent,Rating Agency fees,Bond Insurance premiums and printing fees. 2