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RESOLUTION NO. R-96- 14 9 <br /> RESOLUTION OF THE BOARD OF THE COUNTY <br /> COMMISSIONERS OF INDIAN RIVER COUNTY, <br /> FLORIDA, APPROVING AN INTERLOCAL AGREEMENT AND <br /> THE ISSUANCE OF REVENUE BONDS IN AN AMOUNT NOT TO <br /> EXCEED $29,500,000 BY THE PALM BEACH <br /> COUNTY HEALTH FACILITIES AUTHORITY <br /> WHEREAS, the Palm Beach County Health Facilities Authority (the "Authority") is <br /> considering the issuance of not to exceed $29,500,000 aggregate principal amount of one or <br /> more series of its revenue bonds(the"Bonds%and <br /> WHEREAS, the proceeds of the Bonds will be used by the Authority to make a loan to <br /> Adult Communities Total Services, Inc. ("ACTS")and Brittany Pointe,an ACTS Community, <br /> Inc. ("Brittany Pointe" and, together with ACTS, the "Obligated Group"), to be used to (i) <br /> provide funds to refinance the following projects: <br /> TOW <br /> Assisad Raided <br /> Ywr Rasidsntlel riving Nursing carious by <br /> Nur of Pacilkv (Lebon opened Aglltaments units .BwL .PANOMW <br /> st Aedrowe 29"Nath 6152 NOM Vards Trail 1976 274 0 120 400 <br /> Sara Rewe,FL 33433 <br /> Edgewater Roser EMM" 23315 Skit Water Cials 1913 360 54 99 516 <br /> Son Raton,FL 33433 <br /> 3L Aedmra Brstas 4owh 6015 SwA Verde Trak 1913 321 40 0 313 <br /> Soo Robs,FL 33433 <br /> lediari Rivet BMMw But 2250 Indian Creak Blvd.Was 1917 354 46 60 S09 <br /> Vero Bomb,FL 32966 <br /> IMdin Rive BMMm West 7730 In"Oda Drive 1969 ,n —2 - � <br /> Vero Bata,FL 32%6 <br /> TOTAL 1412 142 279 2033 <br /> • As of Augvn 31,1996. <br /> (ii) fund a portion of a Master Debt Service Reserve Fund; and (iii) pay costs incurred in <br /> connection with the issuance of the Bond; and <br /> WHEREAS, the Facilities are owned and operated by ACTS; and <br />