My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
1987-125
CBCC
>
Resolutions
>
1980'S
>
1987
>
1987-125
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
9/1/2022 12:55:17 PM
Creation date
9/1/2022 9:33:52 AM
Metadata
Fields
Template:
Resolutions
Resolution Number
1987-125
Approved Date
10/13/1987
Subject
a Letter of Intent and Inducement Agree to Florida Convalescent Centers, Inc.; issuance of not to
exceed $4,800,000 in industrial development revenue refunding bonds.
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
8
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
s <br />EXHIBIT "A" <br />Re: Proposed $4,800,000 Indian River County, Florida <br />Industrial Development Revenue Refunding Bonds, <br />Series 1987 (Florida Convalescent Centers Inc Project) <br />October 11, 1987 <br />David Evans <br />Vice President <br />Florida Convalescent Centers, Inc. <br />Honeywell Center <br />Suite 1111 <br />1111 Mockingbird Lane <br />Dallas, Texas 75247 <br />Dear Mr. Evans: <br />Florida Convalescent Centers, Inc., (the "Company") has requested <br />Indian River County, Florida (the "County") to consider refunding its $4,800,000 <br />Industrial Development Revenue Bonds, Series 1986 (Florida Convalescent Centers, <br />Inc. Project) (the "Bonds"). <br />The Bonds were issued to finance the acquisition and construction of a <br />skilled and intermediate care nursing home facility in the County (the <br />"Project"). <br />The County heretofore determined that its issuance of the Bonds to <br />assist the Company in acquiring and constructing the Project would result in a <br />substantial increase in employment in the County and that the issuance of the <br />Bonds would serve a public purpose by increasing the purchasing power and <br />improving the living conditions of the citizens and inhabitants of the County and <br />would contribute to the prosperity and welfare of the State and its inhabitants. <br />Accordingly, in order to assist the Company in refunding the Bonds, the <br />County hereby makes the following proposal: <br />1. The County will issue its industrial development revenue refunding <br />bonds (the "Refunding Bonds") in an aggregate principal amount not to exceed <br />$4,800,000. <br />2. The County and the Company will enter into a Loan Agreement. The <br />loan payments shall be pledged and applied pursuant to the Loan Agreement, and <br />shall be sufficient to make the payment of the principal of, interest on and <br />1 <br />
The URL can be used to link to this page
Your browser does not support the video tag.