Laserfiche WebLink
J <br />No dealer, broker, salesman or other person has been authorized to make any representations, other than as contained in <br />the Official Statement, and if given or made, such other information or representations must not be relied upon. This Official <br />Statement does not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the Bonds by any <br />person in any jurisdiction in which it is unlawful for such person to make such offer, solicitation or sale. The information <br />contained in this Official Statement has been obtained from public documents, records and other sources considered to be reliable <br />and, while not guaranteed as to completeness or accuracy, is believed to be correct. Any statements in this Official Statement <br />involving estimates, assumptions and matters of opinion, whether or not so expressly stated, are intended as such and not as <br />representations of fact, and the County expressly makes no representation that such estimates, assumptions and opinions will be <br />realized or fulfilled. Any information, estimates, assumptions and matters of opinion contained in this Official Statement are <br />subject to change without notice, and neither the delivery of this Official Statement, nor any sale made hereunder, shall under <br />any circumstances, create any implication that there has been no change in the affairs of the County since the date hereof. <br />IN CONNECTION WITH THE OFFERING OF THE BONDS, THE UNDERWRITERS MAY OVERALLOT OR <br />EFFECT TRANSACTIONS THAT STABILIZE OR MAINTAIN THE MARKET PRICE OF SUCH BONDS AT A <br />LEVEL ABOVE THAT WHICH MIGHT OTHERWISE PREVAIL IN THE OPEN MARKET. SUCH STABILIZING, <br />IF COMMENCED, MAY BE DISCONTINUED AT ANY TIME. <br />TABLE OF CONTENTS <br />Page <br />Officials . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . <br />. . . . . . 2 <br />Table of Contents . . . . . . . . . . . . . . . ... . . . . . . . . . . . . . . . <br />. . . . . . 3 <br />Summary.......................................... <br />4 <br />Introduction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . <br />. . . . . . 5 <br />Description of the Project . . . . . . . . . . . . . . . . . . . . . . . . . . . . . <br />. . . . . . 5 <br />Sourceand Use of Funds . . . . . . . . . . . . . . . . . . . . . . . . . . . <br />. . . . . . 6 <br />Security for the Bonds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . <br />. . . . . . 6 <br />Net Revenues of the Facilities . . . . . . . . . . . . . . . . . . . . . . . . . . . <br />. . . . . . 6 <br />RevenueSharing Trust Funds . . . . . . . . . . . . . . . . . . . . . . . . . . . <br />. . . . . . 7 <br />Amortization Schedule . . . . . . . . . . . . . . . . . . . . . . . . . . . . . <br />. . . . . . 10 <br />Table of Projected Revenue, Expense and Debt Service Coverage . . . . . . . . . . . . . <br />. . . . . . 11 <br />Description of the Bonds . . . . . . . . . . . . . . . . . . . . . . . . . . .. . <br />.. . . . . 12 <br />Indian River County . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . <br />. . . . . . 23 <br />Underwriting. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . <br />. . . . . . 36 <br />Validity ..........................................36 <br />LegalOpinion . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . <br />. . . . . . 36 <br />TaxExemption . . . . . . . . . . . . . . . . . . . . . . . . . <br />. . . . . 36 <br />Litigation. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . <br />. . . . . . 36 <br />BondRatings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . <br />. . . . . . 37 <br />Miscellaneous . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . <br />. . . . . . 37 <br />Authorization of and Certification Concerning Official Statement . . . . . . . . . . . . <br />. . . . . . 37 <br />APPENDIX A — Letter Report of Consulting Engineers . . . . . . . . . . . . . . . . <br />. . . . .A-1/13 ' <br />APPENDIX B — Sections of Resolution not included under Description of the Bonds . . . . <br />. . . . . B-1/6 <br />APPENDIX C — Form of Legal Opinion . . . . . . . . . . . . . . . . . . . . . . . <br />. . . . . C-1/2 <br />3 <br />JAN 18 1978 Bco% 33 fgc(3J5 <br />