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1989-155
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1989-155
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Last modified
3/29/2022 11:17:39 AM
Creation date
3/29/2022 11:11:07 AM
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Resolutions
Resolution Number
1989-155
Approved Date
12/12/1989
Resolution Type
Water and Sewer Bonds
Subject
Award $9,200,000 aggregate principal amount of water and sewer revenue bonds, Series 1986,
and $450,000 aggregate principal amount of water and sewer revenue bonds, Series 1986A
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40 <br />04 <br />percent (5&) per annum, and shall he payable in installments on <br />September l of the years and in the principal amounts, shall mature <br />and shall he subject to optional redemption all as sat forth in the <br />Bond Deaqlution, <br />SECTION 2. The Series 1986A Bonds shall be in the <br />aggregate principal amount of $450,000, shall be dated as of date <br />of their delivery, shall by in fully registered form, shall he in <br />denominations as provided in the Bond Resolution, shall boar <br />interest payable annually on September 1 of each year, commencing <br />September z, 1990, until the principal amount thereof is paid, as <br />provided in the Bond Resolution, at the interest rate of seven <br />percent (7%) per annum, and shall be payable in installments on <br />September l of the yearn and in the principal amounts, shall mature <br />and shall be subject to optional redemption all as oat forth in the <br />Bond Resolution. <br />aEcrzoN 3. The Bonds are hereby awarded and sold to the <br />Purchaser at ^ total price of $9'*50'000,00' <br />sooczom :. The county hereby determines to redeem the <br />Notes by optional redemption prior to maturity on January za, zyyn <br />in accordance with the rights and privileges reserved to the <br />County in the Notes and under Resolution No. 86-36 of the County, <br />adopted June 18, zyo*, as amended and supplemented (the "mote <br />nmanlutiuu")' Such redemption shall be effected by depositing with <br />Florida National Bank, the Paying Agent for the Notes, under the <br />Caoruw Agreement, hereinafter described, an amount equal to the <br />principal and interest on the motes which will be due and payable <br />3 <br />
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