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6/20/1995
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6/20/1995
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7/23/2015 12:05:11 PM
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Meetings
Meeting Type
Regular Meeting
Document Type
Minutes
Meeting Date
06/20/1995
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3m 95 PAGE 50 <br />RESOLUTION NO. 95-75 <br />filing on a timely basis; provided, the right of any such owner to <br />enforce the provisions of this undertaking shall be limited to a <br />right to obtain specific enforcement of the County's obligations <br />hereunder, and any failure by the County to comply with the <br />provisions of this undertaking shall not be default or an event of <br />default with respect to the Bonds. <br />F. Notwithstanding the foregoing, the NRMSIR's to which <br />information shall be provided shall include those NRMSIR's which <br />have been approved by the SEC prior to the date of issuance of the <br />Bonds. In the event the SEC approves any additional NRMSIR's after <br />the date of issuance of the Bonds, the County shall, if the County <br />is notified of such additional NRMSIR's, provide such information <br />to the additional NRMSIR's. Failure to provide information to any <br />new NRMSIR whose status as a NRMSIR is unknown to the County shall <br />not constitute a breach of the foregoing covenant. <br />G. Additionally, the requirements of paragraph A above do <br />not necessitate the preparation of any separate annual report <br />addressing only the Bonds. These requirements may be met by the <br />filing of a combined bond report or the County's Comprehensive <br />Annual Financial Report; provided, such report includes all of the <br />required information and is available by June 1. Additionally, the <br />County -may incorporate any information provided in any prior filing <br />with each NRMSIR or included in any final official statement of the <br />County; provide, such final official statement is filed with the <br />MSRB. <br />H. The County reserves the right to modify from time to time <br />the specific types of information provided or the format of the <br />presentation of such information, to the extent necessary to <br />appropriate in the judgment of the County; provided, the County <br />agrees that any such modification will be done in a manner <br />consistent with the Rule. <br />SECTION 12. REGISTRAR'AND PAYING AGENT. First Union National <br />Bank of Florida, Jacksonville, Florida, is hereby appointed as <br />Registrar and Paying Agent for the Series 1995 Bonds. <br />SECTION 13. MUNICIPAL BOND INSURANCE. The Director of <br />Management and Budget is hereby authorized to select a bond insurer <br />to provide insurance to insure the scheduled payment of principal <br />and interest on the _Series 1995 Bonds on behalf of the Issuer or, <br />in the alternative, allow each bidder to select whether the Series <br />1995 Bonds are to be insured by such bond insurer. <br />SECTION 14. AWARD OF BID. The Director of Management and <br />Budget is hereby authorized to accept the bids for the Series 1995 <br />Bonds, and the Issuer will award said Series 1995 Bonds on its <br />determination of the best bid submitted in accordance with the <br />terms of the Notice of Bond Sale provided for herein or may reject <br />all bids. Such award shall be final. <br />7 <br />54 <br />June 20, 1995 <br />
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