|
ARR 20 1983 Boat 53 64 Pei
<br />RECEIPT OF BIDS ON SALE OF $5 -MILLION BEACH ACQUISITION
<br />BONDS
<br />The hour of 11:00 o'clock A.M. having passed, the
<br />Deputy Clerk read the following Notice with Proof of
<br />Publication attached, to -wit:
<br />~
<br />VERO BEACH PRESS -JOURNAL '
<br />Published Dail Y
<br />VerO Beach, Indian River Coun tY, Florida
<br />COUNTY OF INDIAN RIVER: STATE OF FLORIDA
<br />Before the undersigned authority personally appeared J. J. Schumann, Jr. who on oath
<br />says that he is Business Manager of the Vero Beach Press=Journal, a daily newspaper published
<br />at Vero Beach in Indian River County, Florida; that the attached copy of advertisement, being
<br />a //Z/
<br />/
<br />in the matter of �� l a r� /b/i %i� ,/J
<br />,9/
<br />9/o
<br />0
<br />NOTICE OF SALE
<br />$5,000,000
<br />INDIAN RIVER COUNTY,
<br />FLORIDA
<br />I' GENERAL OBLIGATION BONDS
<br />NOTICE IS HEREBY GIVEN that Indian River
<br />County, Florida, (herein referred to as the "Coun-
<br />). will receive sealed bids (herein referred to as
<br />Proposals") at the Board of County Commis-
<br />sioners' Meeting Room In the County Administra-
<br />tion Building, 1840 25th Street, Vero Beach, Flor-
<br />Ida, 3295, up to the hour of 11:00 A.M., Eastern
<br />Standard Time, Wednesday, April 20, 1983, for
<br />,the purchase of all but not less than all of
<br />$5,000,000 Indian River County, Florida, General
<br />Obligation Bonds (herein referred to as the
<br />"Bonds").
<br />FORM OF BONDS:
<br />The Bonds shall be Issued In coupon form,
<br />registrable as to principal only; In the denomina-
<br />bon of mbered consec-
<br />lively from ohne upward and sheach; shall be ell be sled April 1,
<br />1983. The Bonds will bear interest payable
<br />semiannually on the first days of October and
<br />April of each year at the rate of rates specified by
<br />the successful bidder.
<br />MATURITY AND REDEMPTION:
<br />The Bonds will mature on April 1 of each year
<br />In the years and amounts as follows: ,
<br />�
<br />the Court, was pub-
<br />YEAR
<br />1984 s AMOUNT
<br />'
<br />iiw,
<br />lishe , l'said lowerg the zo
<br />c.>n es of ��� i� ���
<br />1985 940,000
<br />1986 990.000
<br />1987. 1.055,000
<br />,. 4 r'.`
<br />i rJ 'd
<br />1988 , .1, 11,125.000
<br />3 ti
<br />The Bonds will not be redeemable prior to their
<br />stated dates of maturity.
<br />Affiant he said Vero Beach Press -Journal Is a newspaper published at
<br />&nRi',,r
<br />BASIS OF AWARD:
<br />No Proposals for' less than all of
<br />Vero Beach, in sal County, Florida, and that the said newspaper has heretofore
<br />said
<br />$5,000,000 Bonds will be considered. Not more
<br />been continuously published in said Indian River County, Florida, each daily and has been
<br />than one (1) Proposal from any bidder will be
<br />entered as second class mail matter at the post office in Vero Beach, in said Indian River Coun-
<br />considered. The County reserves the right to
<br />t ,Florida foraperiod of one ear next preceding the first publication of the attached co of
<br />y P Y P 9 P pY
<br />determine who is the successful bidder, to reject
<br />advertisement; and affiant further says that he has neither paid nor promised any person, firm
<br />any or all Proposals, and to waive any irregularity
<br />or informality In any Proposal.
<br />or corporation any discount, rebate, commission or refund for the purpose of securing this
<br />The Bonds will be awarded to the. Bldder
<br />advertisement for publication in the said newspaper.
<br />whose Proposal produces the lowest effective In-
<br />terest rate to the County. The lowest effective in-
<br />Sworn to ' ,",p ��
<br />terest rate will be determined in accordance.with
<br />the effective Interest
<br />and subscrib bef e mei day of A.D. 19
<br />cost method of calculation
<br />("true interest cost method') by doubling the
<br />semiannual rate (compounded semiannually)
<br />necessary to discount the debt service payments
<br />Business Manager)
<br />g
<br />from the payment dates to the date of the Bonds
<br />and the price bid, not Including Interest acrued to
<br />��
<br />the date of delivery. it is requested that each pro-
<br />poral be accompanied by a statement of this at.
<br />(Clerk of the Circuit Co , Indian River County, Florida)
<br />fective Interest rate for the Bonds computed as
<br />(SEAL)
<br />specified in this Notice of Sale, but such state.
<br />ment Is not to be considered as a part of the pro-
<br />s,
<br />posai.
<br />In the event the bidder specifies municipal
<br />bond insurance, the amount of the insurance pre-
<br />mium shall be deducted from the price bid in,
<br />making the above described computation of inter-
<br />est cost for the purposes of comparing bids. Al-
<br />though the cost of municipal bond insurance will
<br />be deducted from the price bbl for the purposes
<br />of computation, it should not be deducted by the
<br />bidder from the purchase price as shown on the
<br />bid form. In comparing bids, no consideration will
<br />be given to accrued interest to be paid by the pur-
<br />chaser at the time of delivery of the Bonds.;
<br />INTEREST RATE PERMITTEIk . - . _ '. . !...,
<br />The Bonds shall bear (merest rates expressed
<br />In multiples of one-eighth (K) or ane twentieth
<br />(1/20) of one per centum. Ony one interest rate
<br />may to specifed for the Bonds of the same ma-
<br />turity. Only one coupon rate may be attached to
<br />each Bond for each interest payment,
<br />A rate of interst based upon the use of split or
<br />supplemental interest coupons will not be consid-
<br />ered.
<br />The purchase price shall not be bet" 99% of
<br />the par value of the Bonds
<br />34
<br />
|