4/27/1989 - Laserfiche WebLink

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WHEREAS, the County deems it in its long term best interest that the Bonds be sold at this time at private sale by negotiation; WHEREAS, it is necessary and desirable to authorize and approve certain terms and provisions with respect to the Bonds and the sale thereof; WHEREAS, the County desires to appoint a Paying Agent and Bond Registrar for the Bonds, to ratify the distribution of a Preliminary Official Statement and to authorize the execution and distribution of an Official Statement therefor; WHEREAS, Gulfstream Financial Associates, Inc., as manager (the "Purchaser"), has offered to purchase the Bonds on the terms and conditions hereinafter described; and WHEREAS, it is necessary and desirable to authorize the purchase, redemption and retirement of certain outstanding bonds of the County. NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA: SECTION 1. The Bondb_shall be in the aggregate principal amount of $6,510,000, shall be dated as of April 15, 1989, shall be in fully registered form, shall be in denominations of $5,000 or any integral multiple thereof, shall bear interest payable semiannually on May 1 and November 1 of each year, commencing November 1, 1989, until the principal amount thereof is paid, by check mailed by the Paying Agent to the Registered Owner thereof at his address as the same appear on the registration books kept by the Bond. Registrar on behalf of the County at 5:00 p.m. local time at the location of the Bond Registrar on the fifteenth (15th) day of the month immediately preceding the applicable interest payment date, at the interest rates per annum set forth in the Preliminary Official Statement hereinafter referred to, shall mature on May 1 of the years and in the principal amounts set forth in the Preliminary Official Statement and shall be subject to optional and mandatory redemption as set forth in the Preliminary Official Statement. APR 2 ri 1989 7 LOOK 76 FAu. °72 4