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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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Financial Advisor. The County has retained Fishkind & Associates, Inc., Orlando, Florida, as <br />financial advisor (the "Financial Advisor") in connection with the preparation of the County's plan of <br />financing and with respect to the authorization and issuance of Bonds. The Financial Advisor is not <br />obligated to undertake and has not undertaken to make, an independent verification or to assume <br />responsibility for the accuracy, completeness, or fairness of the information contained in the Official <br />Statement. The fees of the Financial Advisor will be paid from proceeds of the Bonds and such payment <br />is contingent upon the issuance of the Bonds. <br />Bond Counsel and Disclosure Counsel. Bryant, Miller and Olive, P.A., Tallahassee, Florida <br />represents the County as Bond Counsel. Squire, Sanders & Dempsey, Jacksonville, Florida ("SS&D"), <br />represents the County as Disclosure Counsel with respect to the issuance of the Bonds. As Disclosure <br />Counsel, SS&D is not obligated to undertake and has not undertaken to make, an independent verification <br />of or an assumption of responsibility for the accuracy, completeness, or fairness of the information <br />contained in the Official Statement. The fees of Bond Counsel and Disclosure Counsel will be paid from <br />proceeds of the Bonds, and such payment is contingent upon the issuance of the Bonds. <br />UNDERWRITING <br />The Underwriter shown on the cover page hereof has agreed, subject to the proceeding <br />authorizing the issuance of the Bonds, to purchase the Bonds from the County at a price of $ <br />($ _ par amount, less original issue discount of $ and Underwriter's discount of <br />$ ), plus accrued interest from their date, for the purpose of resale. The Underwriter has <br />furnished the information on the cover page of this Official Statement pertaining to the public offering <br />price of Bonds. The public offering price of Bonds may be changed from time to time by the <br />Underwriter, and the Underwriter may allow a concession from the public offering price to certain <br />dealers. None of Bonds will be delivered by the County to the Underwriter unless all of Bonds are so <br />delivered. <br />BOND RATINGS <br />Moody's Investors Service and Standard & Poor's Ratings Group anticipate assigning the Bonds <br />the ratings of _ and _, respectively, or the understanding that the standard policy of municipal bond <br />insurance insuring the timely payment of the principal of and interest on such Bonds will be issued by <br />upon delivery of the Bonds; however, the provision of municipal bond <br />insurance is optional as further described in the Official Notice of Sale. There is no assurance that any <br />such ratings will continue for any given period of time or that they will not be lowered or withdrawn <br />entirely by the rating agencies, or any of them, if in their judgment circumstances so warrant. A <br />downward change in or withdrawal of such ratings, or any of them, may have an adverse effect on the <br />market price of the Bonds. An explanation of the significance of the ratings can be received from the <br />rating agencies. <br />DISCLOSURE MATTERS <br />Certificate as to Official Statement <br />The execution and delivery of this Official Statement has been duly authorized by the County. <br />At the time of delivery of Bonds to the Underwriter, the County will provide to the Underwriter a <br />certificate (which may be included in a consolidated closing certificate of the County), signed by those <br />3247/IND38MM/POS-BODY-1 25 <br />
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