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J U L 16 1986 BOOK 65 rmuE 95
<br />INDUSTRIAL DEVELOPMENT REVENUE BONDS - FLORIDA CONVALESCENT
<br />CENTERS, INC.
<br />The hour of 10:00 o'clock A.M. having passed, the Deputy
<br />Clerk read the following Notice with Proof of Publication
<br />attached, to -wit:
<br />VERO BEACH PRESS -JOURNAL
<br />Published Daily
<br />Vero Beach, Indian River County, 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
<br />Beach in Indian River County, Florida; that the attached copy of advertisement, being
<br />a
<br />in the matter of.-/
<br />in the / Court, was pub -
<br />fished in said newspaper in the issues of al, P
<br />Affiant further says that the said Vero Beach Press -Journal is a newspaper published at
<br />Vero Beach, in said Indian River County, Florida, and that the said newspaper has heretofore
<br />been continuously published in said Indian River County, Florida, each daily and has been
<br />entered as second class mail matter at the post office in Vero Beach, in said Indian River Coun-
<br />ty, Florida, for a period of one year next preceding the first publication of the attached copy of
<br />advertisement; and affiant further says that he has neither paid nor promised any person; firm
<br />or corporation any discount, rebate, commission or refund for the purpose of securing this
<br />advertisement for publication in the said newspaper.
<br />Sworn to and subscribers befo� me this, o�A.D. 19 ,
<br />(SEAL)
<br />r �. - �� � T7S�u�iiiax�liv�awaua�l
<br />(Clerk of the Circuit Court, Indian River C nty, Florida)
<br />INDIAN RIVER COUNTY, FLORIDA
<br />NOTICE OF PUBLIC HEARING
<br />FOR ISSUANCE OF
<br />INDUSTRIA_ DEVELOPMENT BONDS
<br />Public Notice is hereby given that on July 16,
<br />1986, 10:00 a.m., the Board of County Commis-
<br />sioners of Indian River County, Florida, will meet
<br />at the Indian River County Administration Build -
<br />Ing, 1840 25th Street, Vero Beach, Florida, to
<br />consider approval of the issuance of not ex-
<br />ceeding $4,800,000 - of Industrial development
<br />revenue bonds of Indian River County to be
<br />issued for the purpose of loaning the proceeds
<br />therefrom, or using such proceeds, to finance
<br />the acquisition, construction and equipping of a
<br />skilled and intermediate care 91 bed nursing
<br />home facility, located in Indian River County,
<br />Florida, for Florida Convalescent Centers, Inc., a
<br />Florida corporation, which shall be the principal
<br />user of said facility. The Industrial development
<br />revenue bonds shalt bz r E,vAi 1, niely from the
<br />)revenues drr , 1N from
<br />with
<br />Cemers, ins:.. -ch
<br />o �<rnbnts as Indian River County shall
<br />appiuve, except to the extent they are payable
<br />from bond proceeds. Such bonds and the Inter-
<br />est thereon shall not constitute an indebtedness
<br />or pledge of the general credit or taxing power
<br />of Indian River County or of the State of Florida.
<br />Issuance of the bonds of Indian River County
<br />shall be subject to several conditions, including
<br />satisfactory documentation, approval by counsel
<br />as to the tax-exempt status of the interest on the
<br />bonds and receipt of necessary approvals for
<br />construction of the facility to be financed. The
<br />aforementioned meeting shall be a public meet-
<br />ing and all persons who may be interested will
<br />be given an opportunity to be heard concerning
<br />the same.
<br />Freda Wright, Clerk
<br />Board of County Commissioners
<br />of Indian River County
<br />Lune 28, 1986
<br />LeeAnn Fiveash, representing Rhoads 6 Sinon, Bond Counsel,
<br />reviewed the proposed Resolution whereby the Commission approves
<br />the issuance of the bonds in compliance with the requirements of
<br />the Internal Revenue Code. Ms. Fiveash noted that this is
<br />actually a formality and affords the public an opportunity to
<br />give their input. The closing has to occur before August 26th
<br />because of some problems with the Certificate of Need.
<br />Mr. Evans, Vice President of Florida Convalescent Centers,
<br />Inc., wished to address two areas brought up by the Economic
<br />48
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