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1981-027
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1981-027
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3/6/2023 10:11:41 AM
Creation date
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Resolutions
Resolution Number
1981-027
Approved Date
05/06/1981
Subject
Gifford Water & Sewer Systerm $236,000 Revenue Bonds - Phase II
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RESOLUTION NO. 81-27 <br />A RESOLUTION AMENDING RESOLUTION NO. 79-•1 <br />DULY ADOPTED ON JANUARY 4, 1979, BY THE <br />BOARD OF COUNTY COMMISSIONERS OF INDIAN <br />RIVER COUNTY, FLORIDA, ENTITLED: <br />"RESOLUTION PROVIDING FOR THE ACQUISITION, <br />CONSTRUCTION AND ERECTION OF' EX`T'ENSIONS <br />-AND IMPROVEMENTS TO THE WATER AND SEWER <br />SYSTEM OF INDIAN RIVER COUNTY_ FLORIDn; <br />AUTHORIZING THE ISSUANCE BY THE COUNTY <br />U F NOT EXCEEDING $236,000 WATER AND SEWER <br />REVENUE BONDS, SECOND SERIES 1979; TO <br />FINANCE A PART OF THE COST THEREOF; PLEDGING <br />THE GROSS REVEedUES OF SAID SYSTEM, TO SFCURE <br />PAYMENT OF THE PRINCIPAL OF AND INTEREST ON <br />THE BONDS; AND PROVIDING FOR THE RIGHTS OF <br />THE HOLDERS OF THE BONDS." <br />t: <br />TO MORE PARTICULARLY DESCRIBE THE SYSTEM; AND <br />PROVIDING AN EFFECTIVE DATE. <br />BE IT RESOLVED BY THE BOiRD OF COUNTY COMMISSIONERS <br />(hereinafter. called "Board") OF INDIAN RIVF_.R COUNTY, FLORIDA, <br />that: <br />SECTION I. AUTHORITY FOR THIS RESOLUTION. This resolu- <br />tion is adoptec3 ni,r --a to C;. 159, Fia. Stat. (1979), and other <br />applicable provisions of law. <br />SECTION 2. FINDINGS. It is hereby ascertained, deter- <br />mined and declared that: <br />A. The Board heretofore duly adopted on January 4, <br />1979; Resolution; No. 79-1 entitled: <br />"RESOLUTION PROVIDING FOR THE ACQUISITION, <br />CONSTRUCTION AND ERECTION OF EXTENSIONS <br />AND IMPROVEMENTS TO THE WATER AND SEWER <br />SYSTEM OF INDIAN RIVER COUNTY, FLORIDA; <br />AUTHORIZING THE ISSUANCE BY THE COUNTY OF <br />NOT EXCEEDING $236,000 WATER AND SEWER <br />REVENUE BONDS, SECOND SERIES 1979, TO <br />FINANCE A PART OF THE COST THEREOF; PLEDGING <br />THE GROSS REVENUES OF SUCH SYSTEM TO SECURE <br />PAYMENT OF THE PRINCIPAL OF ANI) INTEREST ON <br />THE BONDS; AND PROVIDING FOR THE RIGH'T'S OF <br />THE HOLDERS OF THE BONDS." <br />(hereinafter called "Resolution"). <br />B. It is necessary and desirable to amend the <br />Resolution to more particularly describe the System, as defined <br />in the Resolution. <br />SECTION 3. AMENDMENT TO RESOLUTION. The definition of <br />
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