1983-028 - Laserfiche WebLink

Home Browse Search

ab ®• MUNICIPAL BOND INSURANCE. The County has received a commitment from American Municipal Bond Assurance Corporation ("AMBAC") to issue a municipal bond insurance policy unconditionally and irrevocably guaranteeing 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 municipal 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, deletions 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. CUSIP NUMBERS. It is anticipated that CUSIP identification numbers will be printed on the Bonds, but neither the failure to print such number on any Bond nor any error with respect thereto shall constitute cause for failure or refusal by the successful bidders to accept delivery of and pay for the Bonds in accordance with their agreement to purchase the Bonds. All expenses in relation to the printing of CUSIP Numbers on the Bonds shall be paid for by the County; provided, however, that the CUSIP Service Bureau charge for the assignment of said numbers shall be the respon- sibility of and shall be paid for by the successful bidder. COPIES OF DOCUMENTS. Copies of the Preliminary Official Statement, the Notice of Sale, and the Official Bid Form, and further information which may be desired, may be obtained from Michael Wright, County Administrator, 1840 25th Street, Vero Beach, Florida 32960, telephone (305) 567.8000, or from Worth Blackwell, William R. Hough & Co., Suite 924, Florida Federal Building, Eleven Fourth Street North, St. Petersburg, Florida 33701, telephone (813) 823-8100. INDIAN RIVER COUNTY, FLORIDA MICHAEL WRIGHT County Administrator