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1991-081
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1991-081
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Last modified
5/10/2017 12:30:54 PM
Creation date
5/10/2017 12:30:31 PM
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Resolutions
Resolution Number
1991-081
Approved Date
07/23/1991
Resolution Type
Water Revenue Bonds Series 1988
Entity Name
Supplement Resolution 1989-19
Subject
Sludge Treatment Facility - Regional
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INDIAN RIVER COUNTY, FLORIDA <br />RESOLUTION NO. 91-_3j <br />A RESOLUTION SUPPLEMENTING RESOLUTION NO. 89-19 OF <br />INDIAN RIVER COUNTY, FLORIDA, AS AMENDED AND <br />SUPPLEMENTED; AUTHORIZING THE CONSTRUCTION, ACQUISITION, <br />FURNISHING AND EQUIPPING OF A REGIONAL SLUDGE TREATMENT <br />FACILITY IN THE COUNTY; MAKING SAID FACILITY A PART OF <br />THE SYSTEM, AS DEFINED BY SAID RESOLUTION; AUTHORIZING <br />RETIREMENT OF THE WATER REVENUE BONDS, SERIES 1988, <br />ANTICIPATION NOTES OF THE COUNTY; AUTHORIZING THE <br />ISSUANCE OF NOT EXCEEDING $11,175,000 WATER AND SEWER <br />REVENUE BONDS, SERIES 1991, TO FINANCE A PORTION OF THE <br />COST OF THE FACILITY AND TO RETIRE SAID NOTES, AS <br />ADDITIONAL PARITY BONDS UNDER SAID RESOLUTION; MAKING <br />CERTAIN COVENANTS AND AGREEMENTS IN CONNECTION <br />THEREWITH; AND PROVIDING AN EFFECTIVE DATE. <br />BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF INDIAN RIVER <br />COUNTY, FLORIDA: <br />SECTION 1. AUTHORITY FOR RESOLUTION. This Resolution which <br />supplements the Master Bond Resolution hereinafter defined is adopted pursuant <br />to Chapters 125 and 159, Florida Statutes (1990), as amended, and other <br />applicable provisions of law. <br />SECTION 2. DEFINITIONS. All terms used herein shall have the <br />meanings ascribed to them in the Master Bond Resolution, except as otherwise <br />expressly provided herein. When used in this Resolution the following terms <br />shall have the following meanings, unless the context clearly requires <br />otherwise: <br />A. "Master Bond Resolution" shall mean Resolution No. 89-19 of the <br />County, as amended and supplemented, from time,.<to time, including, to the extent ,, <br />provided herein, this Resolution. <br />B. "1991 Construction Fund" shall mean the Water and Sewer Revenue <br />Bonds, Series 1991, Construction Fund established hereunder. <br />C. "1991 Project" shall mean the regional sludge treatment facility <br />authorized to be constructed, acquired, furnished and equipped under this <br />Resolution. <br />1,. "Series 1988 Notes" shall mean the Indian River County, Florida <br />Water Revenue Bonds, Series 1988, Anticipation Notes, dated December 1, 1988, <br />issued and outstanding under Resolution No. 88-120 of the County. <br />E. "Series 1991 Bonds" shall mean the Indian River County, Florida <br />Water and Sewer Revenue Bonds, Series 1991, authorized to be issued under this <br />Resolution. <br />Words importing singular number shall include the plural number and <br />vice versa and words importing persons shall include firms, corporations and <br />other entities and vice versa. <br />
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