2006-067 - Laserfiche WebLink

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NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA, as follows: SECTION 1. BOND AND SERIES DESIGNATION. The Bonds shall be designated the "Indian River County, Florida Limited General Obligation Bonds", and the series designation for the Bonds is hereby determined to be Series 2006 (and hereinafter are referred to as the "Series 2006 Bonds"). SECTION 2. APPLICATION OF PROVISIONS OF THE AUTHORIZING RESOLUTION. The Series 2006 Bonds, herein authorized, shall for all purposes (except as herein expressly provided) be considered to be issued under the authority of the Authorizing Resolution, and shall be entitled to all the protection and security provided therein for Bonds issued thereunder. SECTION 3. AMENDMENT TO SECTION 4 OF AUTHORIZING RESOLUTION. Section 4 of Resolution No. 2005-059 is hereby amended in its entirety to read as follows: SECTION 4. BONDS AUTHORIZED. For the purpose of financing the costs of the Projects (as set forth in the definitions thereof), there are hereby authorized to be issued and sold Indian River County, Florida, Limited General Obligation Bonds, in one or more series, in the aggregate principal amount of not to exceed $50,000,000 (hereinafter referred to as the "Bonds"). The Bonds and interest thereon shall be limited general obligations of the County for the payment of which the full faith and credit and taxing power of the County is hereby pledged. The Bonds shall be payable from ad valorem taxes levied on all taxable property in the County in an amount up to 1/2 mil. SECTION 4. PUBLIC SALE OF SERIES 2006 BONDS; REDEMPTION AND MATURITY PROVISIONS. There is hereby authorized to be sold pursuant to a public sale not to exceed $50,000,000 Indian River County, Florida, Limited General Obligation Bonds. The County Administrator or his designee, is hereby directed to arrange for the sale of the Series 2006 Bonds utilizing the electronic bid process of PARITY through the publication of the Summary Notice of Sale of the Bonds in a newspaper regularly distributed in Indian River County and in The Bond Buyer, such publications to be on such date as shall be deemed by the County Administrator or his designee, to be in the best interest of the Issuer and such publications to be not less than ten (10) calendar days prior to the date of sale as required by Section 218.385(1), Florida Statutes; and to publish such Notice in such other newspapers on such dates as may be deemed appropriate by the County Administrator or his designee. The Series 2006 Bonds shall be subject to optional redemption and shall mature on the dates as is set forth in the Notice of Bond Sale hereinafter approved. 2