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2023-004
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2023-004
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Last modified
2/10/2023 3:19:54 PM
Creation date
2/10/2023 3:13:36 PM
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Resolutions
Resolution Number
2023-004
Approved Date
01/31/2023
Agenda Item Number
8.N.
Resolution Type
General Obligation Bond
Subject
General Obligation Bonds issuance $50,000,000 to finance cost of acquiring
& preserving environmentally sensitive lands
Document Relationships
2024-023
(Cover Page)
Path:
\Resolutions\2020's\2024
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No. R - <br />$ <br />UNITED STATES OF AMERICA <br />INDIAN RIVER COUNTY, FLORIDA <br />GENERAL OBLIGATION BOND, <br />SERIES <br />Interest Maturity Date of <br />Rate Date Original Issue CUSIP <br />20_ , <br />Registered Holder: <br />Principal Amount: <br />KNOW ALL MEN BY THESE PRESENTS, that Indian River County, Florida, a political <br />subdivision of the State of Florida (the "Issuer"), for value received, hereby promises to pay to the <br />Registered Holder identified above, or registered assigns as hereinafter provided, on the Maturity <br />Date identified above, the Principal Amount identified above and to pay interest on such Principal <br />Amount from the Date of Original Issue identified above or from the most recent interest payment <br />date to which interest has been paid at the Interest Rate per annum identified above on <br />1 and 1 of each year, commencing 1, , until such Principal Amount <br />shall have been paid. <br />Such Principal Amount and interest on this Bond are payable in any coin or currency of <br />the United States of America which, on the respective dates of payment thereof, shall be legal <br />tender for the payment of public and private debts. Such Principal Amount is payable at the <br />designated corporate trust office of , as Paying Agent. Payment of each installment <br />of interest shall be made to the person in whose name this Bond shall be registered on the <br />registration books of the Issuer maintained by (the "Registrar"), at the close of <br />business on the fifteenth day (whether or not a business day) of the calendar month next preceding <br />each interest payment date and shall be paid by a check or draft of such Paying Agent mailed to <br />such Registered Holder at the address appearing on such registration books or, at the written <br />request of such Registered Holder, by bank wire transfer to an account of such Holder designated <br />in such written request. Interest shall be calculated on the basis of a 360 -day year of twelve 30 - <br />day months. <br />This Bond is one of an authorized issue of Bonds in the aggregate principal amount of <br />$ (the 'Bonds") of like date, tenor and effect, except as to number, maturity, interest <br />rate and redemption provisions, issued to finance the acquisition and preservation of <br />environmentally sensitive lands and the construction of public access improvements with respect <br />13 <br />
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