1983-027 - Laserfiche WebLink

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•i the good faith check of the successful bidder will be applied to the payment of the purchase price of the Bonds. Prior to the delivery of the Bonds, the County may cash and invest the pro- ceeds from the good faith check. Full payment of the balance of the purchase price must be made, at the time of delivery, by the successful bidder in Federal funds. No interest will be paid to any bidder upon any good faith check. DELIVERY AND PAYMENT. It is anticipated that the Bonds in definitive form will be available for delivery on or about Tuesday, May 10, 1983, at 10:00 A.M. at the offices of Freeman, Richardson, Watson & Kelly, P.A., in Jacksonville, Florida, or some other date, time and place to be mutually agreed upon between the successful bidder and the County. Full payment of the balance of the purchase price, including accrued interest to the delivery date, must be made to the County at the time of delivery. MUNICIPAL BOND INSURANCE. The County has received a commitment from American Municipal Bond Assurance Corporation ("AMBAC") to issue a munici- pal bond insurance policy unconditionally and irrevocably guaran- teeing timely payment of principal and interest on the Bonds to the paying agent or agents for the Bonds. Any purchase of such policy shall be at the sole option of the bidder. Should a bidder specify that the County purchase such municipal bond insurance, the premium will be paid by the County from Bond proceeds. Each bidder must specify on the bid form whether muni- cipal bond insurance is requested. If the Bonds are awarded on an insured basis, reference to the policy shall appear on the Bonds. CLOSING DOCUMENTS. The County will furnish to the purchaser upon delivery of the Bonds the unqualified approving opinion of Freeman, Richardson, Watson & Kelly, P.A., Bond Counsel, Jacksonville, Florida, and customary closing papers. OFFICIAL STATEMENT. Upon the sale of the Bonds, the County will publish an Official Statement in substantially the same form as the Preliminary Official Statement, subject to minor additions, dele- tions and revisions as determined by the County as necessary to complete the Preliminary Official Statement. A reasonable number of copies of the Official Statement will be made available to the successful bidder at the expense of the County. -4-