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<br />tuilham H. Hough &C6.
<br />P. O. BOX 3546
<br />23 WEST CHURCH STREET
<br />ORLANDO. FLORIDA 32802
<br />(305) 841-1685
<br />ALFRED C. SHEPARD
<br />RESIDENT PARTNER
<br />GEORGE T. BLAND
<br />PARTNER
<br />ARNOLD W. SC14NEIDER
<br />VICE PRESIDENT
<br />The Honorable Chairman and Members
<br />of the Board of County Commissioners
<br />Indian River County
<br />Vero Beach, FL 33960
<br />Gentlemen:
<br />March 12, 1980
<br />HOME OFFICE
<br />FLORIDA FEDERAL BUILDING
<br />ST. PETERSBURG, FLORIDA 33731
<br />This letter constitutes our offer to purchase $4,350,000 Indian River
<br />County, Florida Capital Improvement Revenue Bonds, Series 1980.
<br />The Bonds are scheduled to mature in accordance with the following
<br />schedule of stated maturity dates and are to bear interest at the rates shown
<br />below:
<br />The Bonds shall be subject'to prior redemption in accordance with the
<br />Official Statement, a copy of which is hereby attached.
<br />We offer to pay the sum of Four Million Two Hundred Forty Two .Thousand
<br />Nine Hundred Eleven and 70/100 dollars ($4,242,911.70) plus accrued interest
<br />to the date of delivery subject to the following terms and conditions:
<br />(1) The Bonds will have an MBIA insurance guaranty, with the MBIA
<br />insurance premium of approximately $120,000 to be.paid by the County.
<br />MAR 12 1980
<br />MNICIPALMUNICIPAL NANCEBCOONSULTATION
<br />42, PnE-91R
<br />Y y
<br />Coupon
<br />Coupon
<br />Maturity
<br />Amount
<br />Rate
<br />Maturity
<br />.Amount
<br />Rate
<br />9/1/81
<br />$ 35,000
<br />8.75%
<br />9/1/96
<br />$ 115,000
<br />8.400
<br />9/1/82
<br />40,000
<br />8.75
<br />9/1/97
<br />125,000
<br />8.50
<br />9/1/83
<br />45,000
<br />8.75
<br />9/1/98
<br />135,000
<br />8.50
<br />9/1/84
<br />45,000
<br />8.75
<br />9/1/99
<br />145,000
<br />-8.6o
<br />9/1/85
<br />50,000
<br />8.75
<br />9/1/00
<br />16o,000
<br />8.6o
<br />9/1/86
<br />55,000
<br />8.75
<br />9/1/01
<br />175,000
<br />8.70
<br />9/1/87
<br />55,000
<br />8.75
<br />9/1/02
<br />190,000
<br />8.70
<br />9/1/88
<br />60,000
<br />8.75
<br />9/1/03
<br />210,000
<br />8.70
<br />9/1/89
<br />65,000
<br />8.75
<br />9/1/04
<br />230,000
<br />8.70
<br />9/1/90
<br />70,000
<br />8.75
<br />9/1/05
<br />250,000
<br />8.70
<br />9/1/91
<br />75,000
<br />8.00
<br />9/1/06
<br />275,000
<br />8.75
<br />9/1/92
<br />85,000
<br />8.10
<br />9/1/07
<br />295,000
<br />8.75
<br />9/1/93
<br />90,000
<br />8.15
<br />9/1/08
<br />325,000
<br />8.75
<br />9/1/94
<br />_ 100,000
<br />8.20
<br />9/1/09
<br />355,000
<br />8.75
<br />9/1/95
<br />105,000
<br />8.30
<br />9/1/10
<br />390,000
<br />8.75
<br />The Bonds shall be subject'to prior redemption in accordance with the
<br />Official Statement, a copy of which is hereby attached.
<br />We offer to pay the sum of Four Million Two Hundred Forty Two .Thousand
<br />Nine Hundred Eleven and 70/100 dollars ($4,242,911.70) plus accrued interest
<br />to the date of delivery subject to the following terms and conditions:
<br />(1) The Bonds will have an MBIA insurance guaranty, with the MBIA
<br />insurance premium of approximately $120,000 to be.paid by the County.
<br />MAR 12 1980
<br />MNICIPALMUNICIPAL NANCEBCOONSULTATION
<br />42, PnE-91R
<br />Y y
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