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Last modified
1/24/2019 1:55:59 PM
Creation date
1/24/2019 1:15:58 PM
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Resolutions
Resolution Number
2019-007
Approved Date
01/22/2019
Agenda Item Number
12.E.1.
Resolution Type
Notice to Redeem Bonds
Entity Name
Spring Training Facility Revenue Bonds, Series 2001
Fourth Cent Tourist Development Tax Reserves
Subject
paying down debt
Area
Spring Training Facility
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NGN Draft No.3 1/16/19 <br />262.11 <br />NOTICE OF REDEMPTION <br />Indian River County, Florida <br />Revenue Bonds (Spring Training Facility), Series 2001 <br />NOTICE IS HEREBY GIVEN on behalf of Indian River County, Florida (the "County") <br />pursuant to that certain Resolution No. 2001-072, adopted August 7, 2001, as amended and <br />supplemented (the "Resolution"), that a portion of the County's outstanding Revenue Bonds <br />(Spring Training Facility), Series 2001, identified below (the "Refunded Bonds"), which were <br />originally issued on August 29, 2001, shall be redeemed, prior to their respective maturities, on <br />February 26, 2019 (the "Redemption Date"), at a redemption price equal to 100% of the principal <br />amount of each Refunded Bond to be redeemed, together with interest accrued thereon to the <br />Redemption Date. Such redemption is conditional on there being on deposit with the Paying Agent <br />on the Redemption Date sufficient money to pay the full redemption price of the Refunded Bonds. <br />The Refunded Bonds or portions thereof to be redeemed are: <br />Maturity <br />Interest <br />(April 1 <br />Amount CUSIP No. Rate <br />2021 <br />$870,000 45441KAR8 5.25% <br />2031 <br />255,000 45441KAT4 5.00 <br />Payment of the Redemption Price of such Refunded Bonds shall become due and payable <br />on the Redemption Date at the office of U.S. Bank, National Association, as paying agent (the <br />"Paying Agent"), upon surrender thereof at the office of the Paying Agent designated below. <br />Interest on such Refunded Bonds accruing prior to the Redemption Date will be paid in the usual <br />manner. Interest on such Refunded Bonds will cease to accrue from and after the Redemption <br />Date. <br />No representation is made as to the correctness or accuracy of each CUSIP number, either <br />as printed on the Refunded Bonds or as contained in this Notice of Redemption. All questions <br />should be directed to the Paying Agent, at the address designated below. <br />Delivery Instructions: <br />U.S. Bank <br />Corporate Trust Services <br />111 Fillmore Avenue East <br />St. Paul, Minnesota 55107 <br />1-800-934-6802 <br />Bondholders presenting their Refunded Bonds in person for same day payment must <br />surrender their bonds by 1:00 p.m. on the redemption date and a check will be available for pick <br />up after 2:00 p.m. Checks not picked up by 4:30 P.M. will be mailed out to the Bondholders via <br />first class mail. <br />
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