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1995-075
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1995-075
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Last modified
6/13/2018 2:25:34 PM
Creation date
6/13/2018 2:20:48 PM
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Resolutions
Resolution Number
1995-075
Approved Date
06/20/1995
Resolution Type
Bonds
Entity Name
Indian River County
Subject
General Obligation Bonds $15,000,000
Supplementing Resolution 1995-063
Document Relationships
1995-063
(Agenda)
Path:
\Resolutions\1990'S\1995
1995-083
(Cover Page)
Path:
\Resolutions\1990'S\1995
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and Budget are authorized and directed to cause a Preliminary <br />Official Statement to be prepared in substantially the form <br />attached hereto as Exhibit F, with such changes, insertions and <br />omissions as shall be approved by the Chairman and Director of <br />Management and Budget containing a copy of the attached Notice of <br />Bond Sale and Official Bid Form and to furnish a copy of such <br />Preliminary Official Statement to interested bidders. The County <br />Administrator and the County Attorney are authorized to deem final <br />the Preliminary Official Statement prepared pursuant to this <br />Section for purposes of Rule 15c2-12 (the "Rule") of the Securities <br />and Exchange Commission. Upon the award of the Series 1995 Bonds <br />to the successful bidder, the County shall also make available a <br />reasonable number of copies of the official Statement to such <br />bidder, who may mail such Official Statements to prospective <br />purchasers at the bidder's expense. <br />SECTION 11. CONTINUING DISCLOSURE UNDERTAKING. A. The <br />County hereby agrees, in accordance with the provisions of Rule <br />15c2-12 (the "Rule"), promulgated by the Securities and Exchange <br />Commission (the "Commission") pursuant to the Securities Exchange <br />Act of 1934, to provide or cause to be provided, to each nationally <br />recognized municipal securities information repository ("NRMSIR") <br />designated by the Commission in accordance with the Rule, and to <br />the appropriate state information depository ("SID"), if any, <br />designated by the State of Florida, the following annual financial <br />information and operating data (the "Annual Information"), <br />commencing with the fiscal year ending September 30, 1996: <br />1. The assessed value of taxable property within the County, <br />County tax levies and collections, including property tax rates for <br />the County and all overlapping taxing entities, and computation of <br />direct and overlapping debt; all generally consistent with such <br />information as it is included in the final Official Statement for <br />the Bonds. <br />2. The audited general purpose financial statements of the <br />County utilizing generally accepted accounting principles <br />applicable to governmental units, as described in the Official <br />Statement, except as may be modified from time to time and <br />described in such financial statements. <br />The information in paragraph 1 above will be available on or <br />before June 1 of each year for the preceding fiscal year and will <br />be made available, in addition to the NRMSIR's and the SID, to each <br />holder of Bonds who requests such information. Audited financial <br />statements of the County are expected to be available separately <br />from the information in paragraph 1 above, and will be provided as <br />soon as practical after acceptance of such statements from the <br />auditors by the County. The audited financial statements are <br />generally available within 6 months of the end of the fiscal year. <br />
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