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1977-080
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1977-080
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Last modified
1/27/2023 2:41:09 PM
Creation date
1/27/2023 2:40:58 PM
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Resolutions
Resolution Number
1977-080
Approved Date
08/10/1977
Resolution Type
Amending Res. 1977-042
Subject
Issuance of Revenue & General Obligation Notes for Landfill
Increasing for $850,000 to $1,350,000
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•• <br />RESOLUTION NO, 77-80 <br />WHEREAS, this Board has, on May 9, 1977, duly adopted <br />a resolution authorizing the issuance of $850,000 Revenue and <br />General Obligation Notes; and <br />WHEREAS, two of said authorized Notes, totaling $800,000 <br />have heretofore been issued; and <br />WHEREAS, it is neces-nary that the amount of Notes <br />authorized to be' -issued by said resolution be increased to the <br />aggregate principal amount of not exceeding $1,350,000 due to <br />5 <br />increased costs of the project for which funds derived from the <br />sale of said notes will be needed; and <br />WHEREAS, the First Citrus Bank of Indian River County, <br />the holder of the two outstanding Notes, has consented to the <br />adoption of a resolution increasing the amount of Notes authorized <br />to be issued; now, therefore <br />BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF <br />INDIAN RIVER COUNTY, FLORIDA: <br />SECTION 1. The title and body of the resolution, adopted <br />on May 9, 1977, and referred to by title in the title of this <br />resolution, be and the same are hereby amended in their entirety <br />to read as follows: <br />A RESOLUTION AMENDING THE TITLE AND BODY <br />OF A RESOLUTION HERETOFORE ADOPTED AND <br />ENTITLED: "A RESOLUTION PROVIDING FOR <br />THE ISSUANCE OF REVENUE AND GENERAL OBLIGA- <br />TION NOTES OF INDIAN RIVER COUNTY, FLORIDA, <br />NOT TO EXCEED $850,000 TO PAY THE COST OF <br />ADVANCING FUNDS FOR SOLID WASTE DISPOSAL <br />IMPROVEMENTS; PLEDGING REVENUES OF THE <br />PROJECT AND AD VALOREM TAXES FOR REPAYMENT <br />THEREOF AND CONTAINING OTHER PROVISIONS <br />RELATING TO THE NOTES; PROVIDING AN EFFECTIVE <br />DATE." <br />WHEREAS, this Board has, on May 9, 1977, duly adopted <br />a resolution authorizing the issuance of $850,000 Revenue and <br />General Obligation Notes; and <br />WHEREAS, two of said authorized Notes, totaling $800,000 <br />have heretofore been issued; and <br />WHEREAS, it is neces-nary that the amount of Notes <br />authorized to be' -issued by said resolution be increased to the <br />aggregate principal amount of not exceeding $1,350,000 due to <br />5 <br />increased costs of the project for which funds derived from the <br />sale of said notes will be needed; and <br />WHEREAS, the First Citrus Bank of Indian River County, <br />the holder of the two outstanding Notes, has consented to the <br />adoption of a resolution increasing the amount of Notes authorized <br />to be issued; now, therefore <br />BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF <br />INDIAN RIVER COUNTY, FLORIDA: <br />SECTION 1. The title and body of the resolution, adopted <br />on May 9, 1977, and referred to by title in the title of this <br />resolution, be and the same are hereby amended in their entirety <br />to read as follows: <br />
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