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1992-216
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1992-216
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Last modified
2/25/2021 2:20:53 PM
Creation date
10/20/2020 3:39:29 PM
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Resolutions
Resolution Number
1992-216
Approved Date
11/24/1992
Subject
Authorizing th Issuance of not exceeding $7,530,000 Refunding Revenue Bonds, Series 1992
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The above ratings are not recommendations to buy, sell or hold the Series 1992 Bonds, and such <br />ratings may be subject to revision or withdrawal at any time by the rating agencies. Any downward revision <br />or withdrawal of either or both ratings may have an adverse effect on the market price of the Series 1992 <br />Bonds. <br />The insurance provided by this Policy is not covered by the Florida Insurance Guaranty Association <br />created under Chapter 631, Florida Statutes. <br />ESTIMATED SOURCES AND USES OF FUNDS <br />The following table sets forth the estimated sources and uses of funds: <br />Sources: <br />Par amount of Bonds <br />Accrued Interest <br />Moneys on Hand (1) <br />TOTAL SOURCES <br />Uses: <br />Deposit to Sinking Fund <br />Deposit to Escrow Account <br />Deposit to Reserve Account (2) <br />Estimated Cost of Issuance (3) <br />TOTAL USES <br />(1) From the Existing Reserve Account. <br />(2) Amount required to increase the Reserve Account to the Maximum Debt Service Requirement on <br />the Series 1992 Bonds and the Refunding and Improvement Revenue Bonds, Series 1985 not being <br />refunded. <br />(3) Includes Bond Insurance Premium and Bond Discount. <br />s <br />
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