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MAR 121990 umx 42. FACE91:71-; <br />THE BOARD NEXT DISCUSSED A RESOLUTION ACCEPTING THE <br />PROPOSAL OF HOUGH & CO., AND ATTORNEY COLLINS STATED THAT HE HAS <br />NOT SEEN THE FORMAL BOND AND ASKED IF MR. HOUGH KNEW OF ANY <br />INCONSISTENCIES. <br />MR, HOUGH STATED THAT HE DID NOT KNOW OF ANY, BUT IF <br />THERE SHOULD BE AN INCONSISTENCY, HE BELIEVED IT COULD BE REMEDIED. <br />ON MOTION BY COMMISSIONER DEESON, SECONDED BY COMMISSIONER <br />LYONS, COMMISSIONER WODTKE VOTED IN OPPOSITION, THE BOARD ADOPTED <br />RESOLUTION N0. 80-28 ACCEPTING THE PROPOSAL OF WILLIAM R. HOUGH & <br />CO. DATED MARCH 12, 1980 IN REGARD TO A $4,350,000 INDIAN RIVER <br />COUNTY, FLORIDA CAPITAL IMPROVEMENT REVENUE BOND, SERIES 1980, AT <br />A TIC RATE, AS PROVIDED THEREIN, NOT TO EXCEED 9.241808, WHICH <br />INCLUDES MBIA INSURANCE, AND AUTHORIZED THE CHAIRMAN TO SIGN THE <br />NECESSARY DOCUMENTS TO CONSUMMATE THE TRANSACTION. <br />SAID PROPOSAL IS HEREBY MADE A PART OF THE MINUTES, AND <br />RESOLUTION N0. 80-28 WILL BE MADE A PART OF THE MINUTES WHEN <br />RECEIVED. <br />18 <br />