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RESOLUTION NO. 83-125 <br />A RESOLUTION AWARDING $2,4001,000 INDUSTRIAL <br />DEVELOPMENT REVENUE BONDS, SERIES 1983 <br />(FLORIDA HEALTH FACILITIES PROJECT'), OF <br />INDIAN RIVER COUNTY, FLORIDAr AT NEGOTIATED <br />SALE TO THE PURCHASER; AND PROVIDING AN <br />EFFECTIVE DATE. <br />WHEREAS, a resolution (hereinafter called "Resolution") <br />of the Board of County Commissioners (hereinafter called <br />"Governing Body") of Indian River County, Florida (hereinafter <br />called "Issuer"), duly adopted on October.19, 1983, authorized <br />the issuance of not exceeding $2,400,000 Industrial Development <br />Revenue Bonds, Series 1983 (Florida -Health Facilities Project), <br />hereinafter called "Bonds," to provide for the acquisition and <br />construction of a capital project in the area of the Issuer, and <br />WHEREAS, the Bonds were validated and confirmed by final <br />judgment of the Circuit Court, Nineteenth Judicial Circuit, in <br />and for Indian River County, Florida; and <br />WHEREAS, Barnett Bank of Central Florida, N.A., Orlando, <br />Florida (hereinafter called "Purchaser"), has offered to purchase <br />$2,400,000 aggregate principal amount of the Bonds at the price <br />of par, pursuant to the remaining terms of the Bond Purchase <br />Agreement attached hereto (hereinafter called "Bond Purchase <br />Agreement"); and <br />WHEREAS, the Resolution contains specific findings as to <br />the reasons requiring a negotiated sale of the Bonds; and <br />WHEREAS, the Governing Body deems it necessary and <br />desirable at this time to award the Bonds at negotiated sale to <br />the Purchaser; now, therefore, <br />BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF <br />INDIAN RIVER COUNTY, FLORIDA: <br />SECTION 1. AWARD OF BONDS. The Bonds, in the aggregate <br />principal amount of $2,400,000, are hereby awarded and sold to <br />the Purchaser at the price of par and upon the remaining terms <br />and conditions of the Bond Purchase Agreement. The Governing <br />Body hereby authorizes and directs its Chairman to execute and <br />its Clerk to attest under the official seal of the Issuer, the <br />Bond Purchase Agreement in substantially the form attached hereto. <br />48 <br />8 X <br />DEC 211983 <br />-J <br />