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1995-102
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1995-102
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Last modified
3/28/2019 2:32:22 PM
Creation date
2/27/2019 11:29:48 AM
Metadata
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Template:
Resolutions
Resolution Number
1995-102
Approved Date
09/12/1995
Resolution Type
Utilities
Entity Name
City of Sebastian
Subject
Water and Sewer System from Sebastian to County
Area
Interlocal Agreement
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SEF CTI OF J "IL_EG :,L 1 E. <br />F. 1i± 1-Q <br />(b) to grant to, or confer upon, the Escrow Molder, for the <br />benefit of the holders of the Bonds and the Defeased Bonds any <br />additional rights, remedies, powers or authority that may lawfully <br />be granted to, or conferred upon, such holders or the Escrow <br />Holder; and <br />(c) to subject to this Agreement additional funds, securities <br />or properties. <br />The Escrow Holder shall, at its option, be entitled to rely <br />exclusively upon an opinion of nationally recognized attorneys on <br />the subject of municipal. bonds acceptable to the City and the <br />County with respect to compliance with this Section, including the <br />extent, if any, to which any change, modification, addition or <br />elimination affects the rights of the holders of the Defeased Bonds <br />or that any instrument executed hereunder complies with the <br />conditions and provisions of this Section. Prior written notice of <br />such amendments, together with proposed copies of such amendments <br />shall be provided to Moody's Investors Service, Inc., Public <br />Finance Rating Desk/Refunded Bonds, 99 church Street, New York, New <br />York 10007. <br />SECTION 15. Notices. Any notice, authorization, request or <br />demand required or permitted to be given in accordance with the <br />terms of this Agreement shall be in writing and sent by registered <br />or certified mail addressed to: <br />MBank of New York <br />Trust Com»any og Florida, N.A. <br />Towe_rm_ aro_plaza <br />10161 Centurion Parkway <br />4racksoneille, Flor da 32256 <br />Attention:[^] <br />City of Sebastian, Florida <br />1225 Main Street <br />Sebastian, Florida 32958 <br />Attention: <br />Indian River County, Florida <br />1840 25th Street <br />Vero Beach, Florida 32960 <br />Attent i ora : <br />Section 16. Counte"A.rts. This Agreement may be executed in <br />several counterparts, all or any of which shall be regarded for all <br />purposes as duplicate originals and shall constitute and be but one <br />and the same instrument. <br />Section 17. Goverting Law. This Agreement shall be construed <br />under the laws of the State of Florida. <br />9 <br />
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