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2001-107
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Last modified
2/10/2017 12:22:59 PM
Creation date
9/30/2015 5:29:06 PM
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Resolutions
Resolution Number
2001-107
Approved Date
10/23/2001
Resolution Type
Bonds
Entity Name
BCC
Subject
Sale general obligation bonds Resolution 95-063
Archived Roll/Disk#
2745
Supplemental fields
SmeadsoftID
3285
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Information Statement <br /> Section 218.38(1)(b)l, Florida Statutes requires that the County file, within 120 days after <br /> delivery of the Series 2001 Bonds, an information statement with the Division of Bond Finance of <br /> the State of Florida(the "Division")containing the following information: (a)the name and address <br /> of the managing underwriter,if any,connected with the Series 2001 Bonds; (b)the name and address <br /> of any attorney or financial consultant who advised the County with respect to the Series 2001 <br /> Bonds; and(c)any fee,bonus, or gratuity paid, in connection with the bond issue,by an underwriter <br /> or financial consultant to any person not regularly employed or engaged by such underwriter or <br /> consultant and(d)any other fee paid by the County with respect to the Series 2001 Bonds, including <br /> any fee paid to attorneys or financial consultants. The Successful Bidder will be required to deliver <br /> to the County at or prior to the time of delivery of the Series 2001 Bonds, a statement signed by an <br /> authorized officer containing the same information mentioned in(a) and(c) above. The Successful <br /> Bidder shall also be required, at or prior to the delivery of the Series 2001 Bonds, to furnish the <br /> County with such information concerning the initial prices at which a substantial amount of the <br /> Series 2001 Bonds of each maturity were sold to the public as the County shall reasonably request. <br /> Pursuant to Section 218.385(2) and (3) of the Florida Statutes, as amended, a truth-in- <br /> bonding statement will be required from each bidder as to the Series 2001 Bonds as part of their bid <br /> in the following form: <br /> "Indian River County,Florida, is proposing to issue $11,000,000 original aggregate <br /> principal amount of General Obligation Bonds, Series 2001, for the purpose of <br /> paying (i) a portion of the costs of the Projects, (ii) the costs of issuing the Series <br /> 2001 Bonds and(iii)the premium on the Bond Insurance Policy, if any, all as further <br /> described in Resolution No. 01- . The final maturity date of the Series 2001 <br /> Bonds is ,and the Series 2001 Bonds are expected to be repaid over a period <br /> of ( ) years. At a forecasted average interest rate of % per <br /> annum, total interest paid over the life of the Series 2001 Bonds will be <br /> $ . The source of repayment or security for this proposal is the <br /> County's ad valorem tax revenues and moneys and investments held in the funds <br /> created under the said Resolution. Authorizing the Series 2001 Bonds will result in <br /> $ not being available to finance the other capital projects of the <br /> County. This truth-in-bonding statement prepared pursuant to Section 218.385(2) <br /> and (3) of the Florida Statutes, as amended, is for informational purposes only and <br /> shall not affect or control the actual terms and conditions of the Series 2001 Bonds." <br /> Page 7 of 9 <br />
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