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ASSI,TIIVT
<br />F9{ vAlll{ R[Ct1VSD, tM undereipnd elle, a-lg- am
<br />sten-(. to
<br />(Nr am amnea of T[aahra)
<br />(Sag fal Sorority at Teapryar Identification Neer of T,nefeselthis sand .M
<br />leas hereby Intrxobly cwaltt. and sppein,
<br />as his .Seat to (slater this SoM on the book• kept for [egl.tretlon htraaf•
<br />with full polar of -rb.elcueten in she Steals...
<br />(4tMta, of Tt-f.... I
<br />het:
<br />,lge.ture guarenca.d:
<br />(NessaofRent.. Tract Gopa7
<br />Z .
<br />Title:
<br />ROT[Ct: No aroaf.r will be %{Mesad and no ns, sand ,111 be lease In the
<br />er o[ thr irwtt. unlet the sl,rutut(-) to ehl. u./ga.nt corrupana(ai
<br />to the nw(a) ryPearairy 11
<br />re6tt'red owner upon N. [see o[ the within Sand to
<br />—1 Xtlrui.r, without -1-g-enc or any be,&, whets... and the Social
<br />SaaT/ty — Federal Loplay- Identlftotion NTransfer-b's of the Transfer- 1. supplied.
<br />Bis-_(.) o[ the Tcwf.car(a) wt be V.ar.ntee
<br />pad by • mbar fit of • rJor
<br />.tack ...bon,. at a crr,.1.1 bank ane I— coeIT.
<br />)Wort it appro ria -1
<br />PARTIAL 6,E012IP[i0N PAYMFMS
<br />.th cited
<br />Offlear If
<br />Principal heia.ce of Bond
<br />Parrot —ret Pat A Irl-c—I Unoefd
<br />SM ON 15. IMS NOT GENERAL OBLIGATIONS. no Sand. shall not be as
<br />wcltwc, general or orset obltYttoa ane a pledge of the faith, stall[ o
<br />a
<br />rin, power of the County, the Bate Of Florida or any political .wbdlvlal..
<br />thereof or an 1Mebtdna of say of chs. a. 'bands' within the ..ening a the
<br />Cwtitut., of the Stat o[ Flarlds, but .fill be spall obllgatilm of the
<br />CantyW
<br />yabl, welly froes and •sand golly by a helien capon and a pledge If the
<br />Pl.d,ed FNmd., No Resist ... a owns, bell t. s th. It,hc a coapt the
<br />tea of the la v.lorse c -In, p -or of the County, the Stat. a[ Florida at
<br />any political tubdivislen the ,ot, as [stollen in any fore of say real prap,rry
<br />(2) A c11t(tcae of the chief financial officer of the
<br />cannary
<br />as,
<br />-Port •at1n, thot the County hos ,Ubli,h,d sM will -Intal. ,
<br />accenting of ail ['vrmu. and •epos.. In comuccfo. with
<br />eny such 1m.prnd.nt ayats or with (spat( to rah I.Pact F....
<br />6ureher,e-, Bp.lsl Aea...sent,, Fr bc.e Pea, Pates In Iter of
<br />Pt.aAf.• Pa- or other ....lpt. •M '-venae to be ,tested, [pact
<br />l.- the PI.desd Funds; and
<br />(1) unit, consent of the sand Insurer.
<br />All or any, pact of Ne c ral[Icate ga
<br />utted d.r aIbpa 9I.Ph (t) of this
<br />paragraph my be ,ndsrsd by co..nitfry Igi%.rm. consultant, or other peseta
<br />with r•qutite Imwl,dg, and e,p.,i.m, who are not reasonably objected to by the
<br />sand Inures.
<br />smi.R 17. CDYDrANr4 DP ThB COUNTY. Por oro long as any at the principal
<br />at
<br />and • 1 t. an ay o[ the sandn
<br />sands "It be eutstandlnS and .paid, or ail
<br />slur• ,tullrhrv, been set •part in the Statin, F4m h,r,Inso.r created,
<br />ruf[l,isnt to Pay, when da, the entire l imipal .a t of the ROM. rosining
<br />unpaid, together with inter•.. • t Grad and Intereac
<br />c to a ,— thereon hr ghInch P. •yesnt date oc well 'hep.ovtlons If Section 21 h ... If h— bean
<br />'t l.[l.d, the CoutY ct.nsnts cal th the hots. of the SIM. [.awed pu urnr to
<br />oris R..alwt .. that:
<br />A. REVENUE FUND. All Res.aea ,bell neon receipt th ...I be don `c„t'
<br />/n the •-ser end 3w or R.I..r. fnM• (heroin rahe •R..._ na
<br />Pa•), ,
<br />hereby created and tail
<br />lehed.
<br />S. DISPOSITION .1 REVENUES. All R,va.a. on deposit In theRevenue Pond
<br />In, ,ball disposed o[ by the oun
<br />cty •• n..dtd ora , n
<br />q.td hent. only In the
<br />ow
<br />folltry ala, and In the lollalnE order If priority:
<br />(I) First, the Coaall ty ,ht . lar In ash -nth t he
<br />Operation end Naln[tage FUM the scut (paired to be dapealted
<br />the':[, to pay the operating Reps..., da or to b ... I. due far ..ch
<br />..th.
<br />(2) S- td, the Coity .hall deposit 1. each .Doth to . fund
<br />tob, known s the •Vete, end Sewer Rav'mu Sondra Sinking NM -
<br />(b
<br />, In Ne s."'ki • pond•)• which t• hereby created and
<br />,t
<br />established. o •,cath (1/6th) of —1, a- as will be e[[Iclent to
<br />PaPayInt.re-c Inhe sande ,. the sa.e shall b -cess due on the n
<br />in,car, p,yrnt data, together with the stunt o[ any d. flcle.ly 1.
<br />[.lar deposits far Interest on SOMI, end oa•evolfth (I/12th) or
<br />he principal of Bonds —tuslry on the rest principal psyemt data
<br />with respect to the Sonde. Such deposit shall coke Into saloon' the
<br />:W, 1f any. deposited In the Stoking )End out a[ proceed, fro, the
<br />alt o[ Bonds to pay Interest th.sean on the Fontein. Interest
<br />pays; dot and the [.duction fn the Brat o[ tea
<br />inrt Astable on
<br />Te, Sonia on the following interest p'ym,t data •itrlbutebl, to
<br />the purchase and came, of To. I.M. In If.. of undetary
<br />r'deaptlen, l[ -y, In •mltlon, the[' ,lull be deposited in the
<br />.i=4 Pum stats .gfttetenI to pay the fare am chargee of the
<br />Prying Agent.
<br />that(., to pay the sand• ane the Interest thereon, or be entitled to pay,ent It
<br />each Principal and Intl..' ft.- any funds of the County other [hen the Pled,ed
<br />FLM..
<br />SECTION 16. SECURITY FOR BONDS; RELEASE Ontd `ERTAINtPLEDan `ED1. RonENUES. The
<br />be
<br />payamt o[ eh. prmel,l of. Dtaa.. if m
<br />orad [occhvlth .gallY end ratably by a pledge of and • 11- .,on the P1.dg.d
<br />Nnd.. thehe princtool f (P by
<br />1— if any. Din g. thelntetstlan the N.M..to the
<br />pay.ant o t principal • • an t
<br />Nothing in this Petolutton •hall caacicate or be ....t -.d to cenaeltute
<br />nv.yeIt a[ est6•6• of any valet .-Pply or 1 f any disposal
<br />[ she [on6o, or of any
<br />w,ter of ase.. eye[•. Ivpraeesg• or any pare o y e
<br />Ntvith—MI., any ether pe (.tan of this I ... lutlon to the c-1.1. the
<br />County say, by resolution o[ tM Board [lied lath end Clark e[ the ser^, en`:;:
<br />and sel„te fro. the pledge and Ilan ,,.led by this R ..I'tlon, p
<br />•Revenue.• a asd In ehls Rtolutlon shell no long•[ I -l'. the ac.lpt am
<br />of rah. County dtI-d hse the Un1[.t Ihogea Eo, the ... of and
<br />[vice. furnished o[ to h. fumlahed by any vat's aM/o, (ver facilities
<br />s•vtl[ueinb • phyltlly Independent ay.... of the County or any In— Fee..
<br />Spaair
<br />I A.a.tunta. Surchar6-,, Fraghl.e Fara, F... In it.. of f .nwbi.e tea
<br />doother ar. ,t, and nvenua (other tth ( Unffam C l eAI) tMMn.or .hall ea
<br />< colon with the Sorts, . Io t
<br />filed with the Clerk of the saard the f-11-In5: e.
<br />(1) A [ alIf an independent fires at as
<br />tabt•eape[tw red sepanelblliry t1(p e.ei�a
<br />th,e th
<br />book• .M records o[ [h. County relating to the collection
<br />and ,colo[ of the Rev.a:.s end the Op,ratiry Gpanse. hove be 'Matted by the. [or the Ptse.l Year Irdlstl7 Drotealry the dale
<br />of the Proposed raises. o[ such n Ipca and [•lama- hw the
<br />plod,• be,.undar or for any re.le. (12) e.lueeutiva -neh parted cue
<br />of the eight... (IS) c utly' . es
<br />entbt f.dlstety pt<.diry —h
<br />date; (it) ....Ing forth the Revta., the Unifore tear{.s, the
<br />Oper-tn{ Eap'n,e. and [he N't l.ver.u. far a. .matted period
<br />,(trod to /n (I) above, IN respect to which .ah .... itlt[. 1.
<br />ansa.; and (til) • ling that the Net Rmmaes, .6j..c.6 to Sly -
<br />effort co the proposed rat.... of such tclpt. and .I... a I[
<br />the .ase had occurred ac the b.` int"S of such audited period, were
<br />es -1 t at lel 1.20 ties. he largest aero of Principe aM
<br />interest that will rt , and btal du• in any Ftatl Year
<br />th'taft., o all Rands uthen ou[aerawil.g• For pucpo.e. of (1 1)
<br />.hove. (A) eats•., Unit-- LTsrV. sM Operetta,Sspans•s lay be,
<br />fu,ther ad,_,,, so as to fairly rept.enc th. opar.tlon of cbe
<br />Systa, psovlded that the count am • detailed reason far each .g
<br />adJu.trnt le -et Earth In .ah <earlfitte; (S) Net Rewe( .ay
<br />•tae be sdjuai.d for (I) the pro [ores effect of r• s l.plIal ted
<br />It— to the Propo..d cel...' If ouch ","Ito and ealaae. and (11)
<br />added to the S,t.. d.,I., the t t period; and (E)
<br />any ca• ad [ th' feaear of a Res.N. A—— Credit
<br />InstrutN(herinsEter. defined) s, • .talc of . draw th ..n, 11
<br />epPcoP'tca, .holt be added to the principal and Interest Patch
<br />le an
<br />ROM. 'e deter.I,. coaplle.c' with he fo..got,& tat.
<br />(1) Third, the Count [.hell mPo•lc In etch aanth Into an
<br />t fn the 4lnklnE Fundo be kam . the •BOM A.oI Icarian
<br />Account•, hereby created and established, or
<br />to frh (1/12th) of
<br />the principal of BOM-, if eny, orbJ—t a rnd•tory all far
<br />Zd-aptlon on the ..at paln<tpal p•,aent data with respect to the
<br />,do. Such deport -hall take luta account the principal sawwcar of
<br />the Ten Banda eu Jort u.dat.ry call far ,,deep tan an 'h. n t
<br />hrinctpal payees dot tthet the County -hail haws pu.ch... d and
<br />and -rad to rhe Paying Agent In It.. of acndatery r,d,.ttiln on -lath
<br />d,to (or and t the e t p.ahlblcad under the 'r,e of the
<br />and
<br />of $..do). It any.
<br />(4) Faurth, he County -hall d.po-(t Into an accturet fn the
<br />41NIn6 Fund co b- knom as the •R...— Account•, which1. hereby
<br />trod and established, a•.[ogeane
<br />ctant to lr.e the a
<br />d.po-lt in the Rees Account to the Rall—at-IcIi R.qul..—stn
<br />AIu to be ep,,111 d by aubaorwn[ resolution of the county -y be
<br />d-po.'I.d In 'A. R,:,m. Account out of the p ..... do of the este of
<br />Bond..
<br />P.ovld.d, however, In no fiscal Year .lull Net Rows. In care.. of
<br />twenty Part— (tat) of the Re --sue Accear 4qulreesn[ be required
<br />'. be "Past red 1n the Rtme Account. accept as -Y be required by
<br />...action P or .,bectt,, Y below. forever, the fo,e6olng seventy
<br />p.rtnt (201) ila1cat1- .bell a apply t the eatnc that
<br />principal and III .... r o the Sardis .. old ft— the kea.we
<br />Artor then 1- t, percent (IOI o 1. delta f. rot -,kat
<br />vola of the R..._ Account. No EurtAor Mposit
<br />sbell be ..qui ad
<br />to be esdo loo the R..ervo Account ea tory •• there shall .-ln on
<br />deposit thealn II -I dlty any Reserve Act.— Credit Instueont se
<br />d .... ited below) a tea •gal to the Ism• Account Requtr,m,t.
<br />Thewalla• o[ the R ... rv. --t. IglMtg Inveateent on deposit
<br />In the Reserve Account, -hall be Mtemtmd aurally • .a,k.c an
<br />the tint day of the Flrc.I Year by an independent fine of testified
<br />publl< accountant, who -y be the accountant for the Ceaty. In
<br />-cordage with g ..... lly accepted ..scum(.{ primipcaa.
<br />Natrlthatndln, the fa..going qn-Wane. I. lieu of. In Mole or In
<br />Pert, the aqul,d,J.p,atr, Into the Reeser, A<ceunc, the County -y
<br />to be d.paited Into the R...rw Acetum any If the mtlalng
<br />(each • •R...rve Aunt Credit In.t—nt•):
<br />(a) A nutty bend ane Ituerag, policy toad to
<br />the Pay[.. A6.nt, • agent of the SOMAoider-, by a
<br />o,:, licensed issue Insurance Palley
<br />Baan—in, the tally D•yrnc of debt -ties an the
<br />B.M. (a •.unlalpal bond intra), if the clot -paying
<br />ability of the I,....thtorM' t hall be ,.red 'Aby
<br />3[sMard 6 pact•• Corpaeation (•361•) and •Ma• by
<br />..adye Invaerers tilt (•Naody.•);
<br />(b) A aunty band or Ine—m. policy te... 4 to
<br />the Paying Agent, a agent of the B,Mhold-t, by an
<br />entity other aA•n • vale l Pal hand insurer, if the face
<br />and eab.tnce of .ah In.tru.ent and the tear th.,eof
<br />.hall be approved by the gond 1au,.; o,
<br />
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