2006-067 - Laserfiche WebLink

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ONE MILL ON ALL OF THE TAXABLE PROPERTY IN THE COUNTY. PURSUANT TO THE BOND RESOLUTION, BUT SUBJECT TO THE FOREGOING LIMITATION, THE COUNTY IS OBLIGATED TO LEVY AD VALOREM TAXES ON ALL TAXABLE PROPERTY IN THE COUNTY, IN EACH YEAR, AT A RATE AS SHALL BE NECESSARY TO PROVIDE FOR THE PROMPT PAYMENT OF ALL PRINCIPAL OF, REDEMPTION PREMIUMS, IF ANY, AND INTEREST ON THE BONDS. THE BONDS ARE NOT A DEBT, LIABILITY OR OBLIGATION OF THE STATE OF FLORIDA OR ANY POLITICAL SUBDIVISION THEREOF (EXCEPT FOR THE COUNTY, TO THE LIMITED EXTENT DESCRIBED HEREIN) AND NEITHER THE FAITH AND CREDIT NOR THE TAXING POWER OF THE STATE OF FLORIDA OR ANY POLITICAL SUBDIVISION THEREOF (EXCEPT FOR THE COUNTY, TO THE LIMITED EXTENT DESCRIBED HEREIN) ARE PLEDGED TO THE PAYMENT OF THE PRINCIPAL OF THE BONDS OR ANY INTEREST OR REDEMPTION' PREMIUMS THEREON. Capitalized terms used herein shall have the same meanings as given to them in the Resolution, unless otherwise defined herein or where the context would clearly indicate otherwise. The references, excerpts and summaries of all documents referenced herein do not purport to be complete statements of the provisions of such documents, and reference is made to the originals of all such documents for full and complete statements of all matters of fact relating to the Bonds, the security for the payment of the Bonds, and the rights and obligations of owners thereof. Copies of such documents may be obtained from Jeffrey K. Barton, Clerk of the Circuit Court, 1840 25th Street Vero Beach, Florida 32960, upon payment of reproduction costs and postage and handling expenses. The assumptions, estimates, projections and matters of opinion contained in this Official Statement, whether or not so expressly stated, are set forth as such and not as matters of fact, and no representation is made that any of the assumptions or matters of opinion herein are valid or that any projections or estimates contained herein will be realized. Neither this Official Statement nor any other statement which may have been made verbally or in writing in connection with the Bonds, other than the Bond Resolution, is to be construed as a contract with the owners of the Bonds. 2