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1991-080
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1991-080
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Last modified
5/10/2017 12:31:30 PM
Creation date
5/10/2017 12:19:44 PM
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Resolutions
Resolution Number
1991-080
Approved Date
07/23/1991
Resolution Type
Bonds
Entity Name
Bond Purchase Agreement Authorization
Subject
Recreational Revenue Bonds Series 1991
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subject to optional and mandatory redemption as set forth in the <br />Bond Purchase Agreement. <br />SECTION 2. C&S/Sovran Trust Company (Florida), National <br />Association, Fort Lauderdale, Florida, is hereby appointed Paying <br />Agent and <br />Purchaser <br />principal <br />Bond Registrar for the Bonds. <br />SECTION 3. The Bonds are hereby awarded and sold <br />at a total price of $5,877,154.05 (the aggregate <br />amount less underwriter's discount of $72,180.00 and <br />to the <br />original issue discount of $65,665.95) plus accrued interest from <br />August 1, 1991 to the date of delivery thereof. The Bond Purchase <br />Agreement dated July 23, 1991 by and between the Purchaser and the <br />County, in the form attached hereto as Exhibit A (the "Bond <br />Purchase Agreement"), is hereby approved and accepted and the <br />proper officers of the County are authorized and directed to <br />execute the acceptance thereof in the space provided therefor on <br />the Bond Purchase Agreement. <br />SECTION 4. Pursuant to Section 12A of the Resolution, <br />the deposit of $743,207.75 of the proceeds from the sale of the <br />Bonds, together with the accrued interest on the Bonds, into the <br />1991 Sinking Fund created and established under the Resolution is <br />hereby authorized and directed. <br />SECTION 5. Pursuant to Section 12B of the Resolution, <br />the deposit of $522,475.00 of the proceeds from the sale of the <br />Bonds into the 1991 Reserve Account created and established under <br />the Resolution is hereby authorized and directed. <br />SECTION 6. Pursuant to Section 9 of the Resolution, the <br />3 <br />
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