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1995-152
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1995-152
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Last modified
3/11/2019 3:08:10 PM
Creation date
3/11/2019 3:00:22 PM
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Resolutions
Resolution Number
1995-152
Approved Date
12/05/1995
Resolution Type
Housing
Entity Name
Escambia County Housing Finance Authority
Interlocal Agreement
Subject
TEFRA single Family Mortgage Revenue Bonds
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provided to the Trustee in writinl prior to the Record Date for <br />such iede^ption. The notice of redemption shall set torth the <br />cc-plete title of the issue (including series designation), CtISIP <br />nun,Ler, the date of the issue, Bond numbers, interest rate, <br />maturity, the date fixed for redemption, the redemption price to be <br />paid and, if less than all of the Bonds of any one maturity then <br />outstanding shall be callod for redemption, the distinctive numbers <br />and letters of such Bonds to be redeemed and, in the case of Bonds <br />to L --e redeemed in part only, the portion of the principal amount <br />thereof to be redeemed, and the place or places of redemption, <br />includinq the name, address and phone number of a contact person. <br />if applicable, such notice shall provide that redemption of the <br />Bonds is conditioned upon eligible funds being available for such <br />purpose on the date of redemption. <br />A second notice of redemption shall be given on the 60th day <br />after the redemption date in the manner required above to the <br />registered owners of redeemed Bonds which have not been presented <br />for payment by such 60th day after the redemption date. <br />Any notice mailed as provided above shall be conclusively <br />presumed to have been duly given upon mailing, whether or not the <br />owner of such Bonds receives the notice. <br />Not later than the Business Day prior to the date fixed for <br />redemption funds shall be deposited with the Trustee to pay, and <br />the Trustee is authorized and directed to apply such funds to the <br />payment of, the Bonds or portions thereof called, together with <br />accrued interest thereon to the redemption date and expenses in <br />connection with such reds -motion. Upon the giving of notice and the <br />deposit of funds for redemption, interest on the Bonds or portions <br />thereof thus called shall no longer accrue after the date fixed for <br />redemption. No payment shall be made by the Trustee upon any Bond <br />or portion thereof called for redemption until such Bond or <br />portions thereof shall have been delivered for payment or <br />cancellation or the Trustee shall have received the items required <br />by the Indenture with respect to any mutilated, lost, stolen or <br />destroyed Bond. <br />Purchase of Bonds in Lieu of Redeagtion <br />if directed in by the Authority, the Trustee sha11 <br />once, an a data which is no earlier than ninw-ty 00) days prion- to <br />a sinking fund or mandatory redemptions data: and no later than sixty <br />f401 days prior to such date. by conta:.�ting at least thr!o <br />regLatered Droner/dealers in Florida municipal Dodds. fol tI- <br />puspose of determining it such registered broker/dealers (it h<tv. <br />quads Whtcb they desire to sell, or (ii) have customers who .1..- it c <br />two Sell goads; it such is the case, the Trustee shall endeay.,s (it <br />to apply woneys in the General Fund held for sinking fund <br />- -1 ilytioa an such sinking fund redemption date to the purchase of <br />!bads eub act to redemption on such sinking tend redemption date <br />and 'yiif to apply morwrye sn tYx prinripa1 arrcmni which are then <br />h►ld f.t apn-li .a° r. h, r.+-,Y..tr,ay r• -i :+1 .. +! !a.r3a >f a <br />- nig , .1 _ ,� �: :. ]::; I:�. •ai .. i .t l..t an. <br />
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