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1991-150
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1991-150
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Last modified
5/15/2017 1:59:54 PM
Creation date
5/15/2017 1:59:52 PM
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Resolutions
Resolution Number
1991-150
Approved Date
09/24/1991
Resolution Type
Utilities
Subject
Water and Sewer Revenue Bonds
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INDIAN RIVER COUNTY, FLORIDA <br />RESOLUTION NO. 91-j5.10 <br />A RESOLUTION AMENDING AND SUPPLEMENTING RESOLUTION NO. <br />91-81 AND RESOLUTION NO. 89-19, AS AMENDED AND <br />SUPPLEMENTED, OF INDIAN RIVER COUNTY, FLORIDA, TO <br />FURTHER PROVIDE FOR THE TERMS AND CONDITIONS UPON WHICH <br />THIS COUNTY MAY ISSUE WATER AND SEWER REVENUE BONDS AND <br />PROVIDE FOR THE PAYMENT AND SECURITY THEREOF. <br />BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF INDIAN RIVER <br />COUNTY, FLORIDA: <br />SECTION 1. Authority for Resolution. This resolution amending and <br />supplementing Resolution No. 91-81 and Resolution No. 89-19, as amended and <br />supplemented, of the County is adopted pursuant to Chapter 125, Florida Statutes <br />(1990), as amended, and other applicable provisions of law. <br />SECTION 2. Findings. It is hereby ascertained, determined and <br />declared that: <br />A. The Board of County Commissioners of Indian River County, <br />Florida, on July 23, 1991, duly adopted a resolution entitled as <br />follows: <br />"RESOLUTION NO. 91-81 <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 />B. The Board of County Commissioners of Indian River County, <br />Florida, on February 14, 1989, duly adopted a resolution which, as <br />subsequently restated, amended and supplemented, is entitled as <br />follows: <br />
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