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1983-102
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1983-102
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Last modified
3/28/2023 3:08:25 PM
Creation date
3/28/2023 3:04:57 PM
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Resolutions
Resolution Number
1983-102
Approved Date
10/19/1983
Subject
Providing for the financing of the acquition construction & equipment of a
120 Bed Nursing Home Facility located on 37th Street, Providing for Industrial
Development Revenue Bonds (Florida Health Facilities Project)
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Issuer issued pursuant to this Indenture, and any Additional <br />Bonds. <br />"Bond Fund" shall mean the fund establishe(~ as a trust <br />fund under this Indenture for the payment of the principal of anu <br />interest on the aonds. <br />"Oond Purchase Agreement" shall mean any agreement <br />entered into by the Issuer and a purchaser in connection with the <br />sale and purchase of the Bonds authorized and issued pursuant to <br />this Indenture. <br />"Oond Register" and "Bond Registrar" shall have the <br />respective meanings specified in Section 2,9 of this Indenture. <br />"Bond Year" shall mean the period beginning with each <br />and extending through the next succeeding <br />"Uorrower" shall mean Florida Health Facilities Corp. <br />(of Indian River County), a Florida corporation. <br />"Code" shall mean the Internal Revenue Code of 1954, as <br />amended, and the rules and regulations promulgated thereunder. <br />"Corporate Trust Office" shall mean the office of the <br />Trustee, at which at any particular time its corporate trust <br />business shall be principally administered, which office as of <br />the date hereof is located at 801 Riverside ~venue, Jacksonville, <br />Florida 32204, <br />"Cost," when used in connection with the Project, shall <br />be deemed to include, whether incurred prior to or after the data <br />of the Agreement, (a) expenditur,'!s or obligations of the Issuer <br />or the Borrower incurred for the acquisition, construction and/or <br />equipment of the Project, and all other expenses incidental <br />thereto including, but not limited to, the costs of issuance of <br />the Bonds; (b} interest on the Bon~s prior to and during <br />construction; (c) the cost of contract bonds and of insurance of <br />all kinds that may be required or necessary during the course of <br />construction which is not paid by the contractor or contractors <br />or otherwise provided for; (d) the expenses for test borings, <br />surveys, test and pilot operations, estimates, Plans and <br />Specifications and preliminary investigations therefor, and for <br />supervising construction, as well as for the performance of all <br />other duties required by or consequent upon the proper erection, <br />construction or install.at.ion of the Project; (e) compe nsation and <br />expenses of the 1'rust:ae, Legal, accounting, financial and <br />printing expenses, fees and all other •~Xpenses incurred in con- <br />-14-
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