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1987-126
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1987-126
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Last modified
9/1/2022 12:56:38 PM
Creation date
9/1/2022 9:34:05 AM
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Resolutions
Resolution Number
1987-126
Approved Date
10/20/1987
Subject
Fla. Convalescent Centers,Inc., authorized the issuance of its revenue refunding bonds
for the purposes of refinancing the cost of acquisition, etc. of Corporation’s facility
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• <br />RESOLUTION NO. 87- 126 <br />WHEREAS, Indian River County, Florida (the "County"), <br />heretofore adopted a Resolution on October 13, 1987 relating to <br />Florida Convalescent Centers, Inc. (the "Corporation"), wherein <br />the County authorized the issuance of its revenue refunding bonds <br />for the purposes of refinancing the cost of acquisition, <br />construction and equipping of the Corporation's facility <br />consisting of certain land, buildings, structures and equipment <br />for use as a skilled and intermediate care nursing home facility <br />(the "Project") which is located in Indian River County, Florida; <br />and <br />WHEREAS, the County is authorized to issue its revenue <br />refunding bonds to refinance the Project pursuant to the <br />provisions of the Florida Industrial Development Financing Act, <br />Part II of Chapter 159, Florida Statues, as amended; and <br />WHEREAS, in order to satisfy the requirement of Section <br />147(f) of the Internal Revenue Code of 1986, as amended, the <br />County held a public hearing on the proposed issuance of its <br />$4,800,000 Revenue Refunding Bonds, series 1987 (Florida <br />Convalescent Centers, Inc. Project) (the "Refunding Bonds") on <br />the date of adoption hereof, more than 14 days following the <br />first publication of notice of such public hearing in a newspaper <br />of general circulation in Indian River County, Florida (a true <br />and accurate copy of the publication of notice is attached hereto <br />as Exhibit "A"), which public hearing was conducted in a manner <br />
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