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1989-135
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1989-135
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Last modified
3/22/2022 12:46:03 PM
Creation date
3/22/2022 12:38:45 PM
Metadata
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Template:
Resolutions
Resolution Number
1989-135
Approved Date
10/24/1989
Resolution Type
Execution and Delivery of a Bond Purchase Agreement
Subject
Authorizing the transfer of certain funds from the Impact Fee Trust Fund for the expansion of
the County Sewer System and
Aggregate Special Assessment Revenue Bonds, Series 1989
Back-up Material can be found on Microfiche 1989 Resolution, Roll #2438.
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the sale thereof; <br />WHEREAS, the County desires to appoint a Paying Agent <br />and Bond Registrar for the Bonds, to ratify the distribution of a <br />Preliminary Official Statement and to authorize the execution and <br />distribution of an Official Statement therefor; and <br />WHEREAS, Gulfstream Financial Associates, Inc., as <br />manager (the "Purchaser"), has offered to purchase the Bonds on <br />the terms and conditions hereinafter described. <br />NOW, THEREFORE, BE IT RESOLVED BY TETE BOARD OF COUNTY <br />COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA: <br />SECTION 1. The Bonds shall be in the aggregate <br />principal amount of $6,075,000, shall be dated as of October 15, <br />1969, shall be in Tully registered form, shall be in denominations <br />Of $5,000 or any integral multiple thereof, shall bear interest <br />payable semiannually on April 1 and October 1 of each year, <br />commencing April 1, 1990, until the principal amount thereof is <br />paid, by check mailed by the Paying Agent to the Registered owner <br />thereof at his address as the same appear on the registration <br />books kept by the Bond Registrar on behalf of the County at 5:o0 <br />p.m. local time at the location of the Bond Registrar on the <br />fifteenth (15th) day of the month immediately preceding the <br />applicable interest payment date, at the interest rates per annum <br />set forth in the Preliminary official Statement hereinafter <br />referred to, shall mature on October 1 of the years and in the <br />principal amounts set forth in the Preliminary official Statement <br />and shall be subject to optional and mandatory redemption as set <br />2 <br />
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