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Last modified
7/18/2019 10:50:21 AM
Creation date
7/18/2019 10:49:45 AM
Metadata
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Resolutions
Resolution Number
2019-059
Approved Date
07/09/2019
Agenda Item Number
12.E.2.
Resolution Type
Water and Sewer Revenue Refunding Bonds
Entity Name
Indian River County
Budget Department
Subject
Redemption of Water and Sewer Revenue Refunding Bonds, Series 2009
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NGN Draft No.1 6/28/19 <br />262.12 <br />NOTICE OF REDEMPTION <br />Indian River County, Florida <br />Water and Sewer Revenue Refunding Bonds, Series 2009 <br />NOTICE IS HEREBY GIVEN on behalf of Indian River County, Florida (the "County") <br />pursuant to that certain Resolution No. 93-80, adopted April 13, 1993, as amended and <br />supplemented (the "Resolution"), that the County's outstanding Water and Sewer Revenue <br />Refunding Bonds, Series 2009, identified below (the "Refunded Bonds"), which were originally <br />issued on August 13, 2009, shall be redeemed, prior to their respective maturities, on September <br />, 2019 (the "Redemption Date"), at a redemption price equal to 100% of the principal amount <br />of each Refunded Bond to be redeemed, together with interest accrued thereon to the Redemption <br />Date. <br />The Refunded Bonds or portions thereof to be redeemed are: <br />Maturity <br />(September 1) Amount <br />2020 <br />2021 <br />2022 <br />2023 <br />2024 <br />Interest <br />CUSIP No. <br />Rate <br />454425EX3 <br />5.00% <br />454425EY1 <br />5.00 <br />454425EZ8 <br />5.00 <br />454425FA2 <br />5.00 <br />454425FBO <br />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 The Bank of New York Mellon Trust Company, N.A., as <br />paying agent (the "Paying Agent"), upon surrender thereof at the office of the Paying Agent <br />designated below. Interest on such Refunded Bonds accruing prior to the Redemption Date will <br />be paid in the usual manner. Interest on such Refunded Bonds will cease to accrue from and after <br />the Redemption 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 />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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