10/13/1987 - Laserfiche WebLink

Home Browse Search

OCT 13199 ' _ Boa 69 FacF 678 (c) the use of bond counsel selected by the County. If this proposal is satisfactory to the Company, please have the acceptance statement which follows this proposal executed by the proper duly authorized officers of the Company and return it to the County, whereupon this proposal will constitute an agreement in principal with respect to the matters herein contained. A counterpart hereof fully executed by the County is enclosed herewith for the Company's records. Very truly yours, BOARD OF COUNTY COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA By: s Don C. Scurlock, Jr., Chai an RESOLUTION NO. 87— 126 WHEREAS, Indian River County, Florida (the "County"), heretofore adopted a Resolution on October 13, 1987 relating to Florida Convalescent Centers, Inc. (the "Corporation"), wherein _ the County authorized the issuance of its revenue refunding bonds for the purposes of refinancing the cost of acquisition, construction and equipping of the Corporation's facility consisting of certain land, buildings, structures and equipment for use as a skilled and intermediate care nursing home facility (the "Project") which is located in Indian River County, Florida; and WHEREAS, the County is authorized to issue its revenue refunding bonds to refinance the Project pursuant to the provisions of the Florida Industrial Development Financing Act, Part II of Chapter 159, Florida Statues, as amended; and WHEREAS, in order to satisfy the requirement of Section 147(f) of the Internal Revenue Code of 1986, as amended, the County held a public hearing on the proposed issuance of its _ $4,800,000 Revenue Refunding Bonds, Series 1987 (Florida Convalescent Centers, Inc. Project) (the "Refunding Bonds") on the date of adoption hereof, more than 14 days following the first publication of notice of such public hearing in a newspaper 36 M M