|
s t
<br /> a
<br /> Pl-cll lllnal_I 0111clu/ `,lalcincill 1A1tcd August , _'UGI
<br /> NEN'ISSUE-BOOK-ENTRY ONLY Ratings: Standard&Poor's:_
<br /> Fitch:
<br /> (Financial Guaranty Insured)
<br /> See "RATINGS" herein
<br /> In she opinion of Bond Counsel,assuming continuing compliance by the County with certain covenants to comply with provisions of the Internal Revenue Code of 1986,as
<br /> amended,interest on the Series 2001 Bonds is excluded from gross income for purposes of federal income taxation and is not an item of tax preference for purposes of the federal
<br /> _ -alternative minimum tax imposed on individuals and corporations under existing statutes,regulations and judicial decisions;although it should be noted that in the case
<br />of
<br /> corporations las defined for federal income rax purposes),such interest is taken into account in determining adjusted current earnings for purposes of such alternative minimum
<br /> tax. Furthermore,in the opinion of Bond Counsel,the Series 2001 Bonds and the income therefrom are exempt from taxation under rite laws of the State of£/arida,except as to
<br /> Florida estate taxes imposed by Chapter 198,Florida Statutes,as amended and met income and franchise taxes imposed by Chapter 220,Florida Statutes,as amended. See"TAX
<br /> EXEMPTION"herein jar further information.
<br /> 3
<br /> $10,000,000*
<br /> INDIAN RIVER COUNTY,FLORIDA
<br /> zz
<br /> Revenue Bonds
<br /> 3
<br /> (Spring Training Facility)
<br /> = Series 2001
<br /> ^� Dated:August 1,2001 Due:April 1,as shown below
<br /> Indian River County,Flonda(the"County")is issuing its Revenue Bonds(Spring Training Facility),Series 2001(the"Series 2001 Bonds").in fully registered form in denominationsofS5,000pnncipalamount
<br /> or any integral multiples thereof. Interest on the Series 2001 Bonds is payable on April 1,2002 andsemiannually thereafter on each April 1 and October I,by check or draft of
<br />First Union National Bank,Miami,
<br /> .. ^ Florida,the Bond Registrar and Paying Agent,made out and mailed to each registered owner thereof at the address as it appears on the registration books kept by the Bond
<br />Registrar on the 15th day of the month
<br /> preceding the applicable interest pavment date.Principal of the Senes 2001 Bonds and any redemption premium will be payable upon presentation and surrender ofthe Senes 2001 Bonds,whendue,at
<br />the pnncipal
<br /> =•�=corporate trust office of the Paying Agent. The Senes 2001 Bonds are subject to optional and mandatoryredemption prior to maturity,as provided herein.
<br /> The Series 2001 Bonds are being issued by the County to provide funds,together with other available foods,to(i)finance a portion of the cost of the acquisition,construction,rehabilitation
<br />and equipping of
<br /> a spring training facility known as"Dodeenown";(it)pay a premium for a municipal bond insurance policy and a debt service reserve account surety bond.and(iii)pay certain costs
<br />and expenses incurred in
<br /> connection with the issuance of the Series 2001 Bonds,all as more particularly described herein.
<br /> _ — —
<br /> TheSeries 2001 Bonds are special,limited obligations of the County,payable solely from and secured by a Ben upon and pledge of the Pledged Revenues,ta the manner provided in the
<br />Resolution.The
<br /> Series2001 Bonds do not constitutes general indebtedness of the County within the meaning of may eoustitutional,statutory or charter provision or 4mltstion,and no Bondholder
<br />shall ever have the right
<br /> _ ' y to require or compel the exercise of the ad valorem taxing power of the County or taxation of say real or personal property therein for the payment of the principalofand
<br />interest on the series2001 Bonds
<br /> or the making of any Debt Service Fund,reserve or other payments provided for in the Resolution.
<br /> ^ Payment of the principal of and interest on the Series 2001 Bonds,when due,will be insured by a Municipal Bond New Issue insurance Policy to be issued by Financial Guaranty
<br />Insurance Company
<br /> C simultaneously with the delivery of the Series 2001 Bonds.For a discussion of the terms and provisions of such policy,including the limitations thereof,see"MUNICIPAL BOND
<br />INSURANCE"herein.
<br /> �! Fivanci d f uaranti In,,urunf•r
<br /> coulluml
<br /> na..sn.ws.�.w.s,.s.+e►rw..nut...,v,s».....,...r...an....w.+v...as.w..e...es.a.w�n....,.
<br /> .y MATLUT ES,AMOUNTS,ff\`TEREST RATES AND YIELDS
<br /> a .. S Serial Bonds
<br /> t:
<br /> _ Interest
<br /> _ Interest
<br /> r
<br /> MaturityAmount ate Yield Matun Amount Rate Yield
<br /> J
<br /> L
<br /> 1
<br /> Z _ �_ S %Term Bonds Due April 1,2021 Yield:_%
<br /> S %Tenn Bonds Due April 1,2027 Yield:_%
<br /> S %Term Bonds Due April 1,2031 Yield:_a/o
<br /> 31
<br /> :i This rover contains certain information for quick reference only. It is not a summary of this issue. Investors must read the entire Official Statement to obtain information
<br /> " essential to the making of an informed investment decision.
<br /> C The Series 2001 Bonds are offered when, as and if issued and received by the Underwriters. subject to the approval of legality by Bryant. Miller and Ofive, P.A.,
<br /> Q Tallahassee, Florida Bond Counsel to the County. Certain legal matters will be passed upon for the County by Paul G. Bangel, Esquire, County Attorney, and by its Disclosure
<br /> Counsel, Nabors. Giblin & Nickerson, P.A., Tampa, Florida. It is expected that the Series 2001 Bonds will be available for delivery in New York, New York, in definitive form
<br />on or
<br /> �,1 •about August I�2001.
<br /> c
<br /> a
<br /> William R Hough & Co. Hanifen Imhoff Inc.
<br />
|