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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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nect. i'..ln ,.,.it!, the issuance of the Donds or the transactions <br />ti:1•:inccd t:h~reby: (.f) all other costs ....,hich the Issuer or the <br />dorrawe r shall be re~uired to pay under the terms of any contract <br />0r contr~cts Eor the acquisition, construction and equipment of <br />the i'r.::>jt?ct: (q) payment o f the taxes, documentary stamp taxes <br />and i:1tan~Lbl.~ taxes, if any, to the extent such taxes may b e <br />l,;i·-,i:ul.l·t .luti, ,ciss essments and other charges, if any, that may <br />b~co:,e p.l y,'lble with respect to the Project or reimbursement <br />tt1-~r eo .t: i:: pa i<.l by the Issuer; (h) payment of expenses incurred <br />in ~nfo rci n~ any remedy against any contractor or subcontractor <br />in rl'.?spect of any default under a cc'ltra ct rela ting to the <br />?r~~~c::.: and (i} any sums required to r e imburse the Issuer or the <br />Oorro•,1er ror advances made by any of them for any of the above <br />itc~s, ~r ~or any other costs incurred and for work done by any <br />,:i f ::.ht!.a, ..i hic~ are p roper l y chargeable to the Project. <br />":.later;;iination of Taxability" shall mean a Determination <br />of ~~x ~b i lity as spec if ied in Sect ion 10.2 of the Agreement. <br />'' :.:.,u ipment" shnll mean. a ll personal property consti- <br />t~t1.n .J tny !)O rt.ion of the Project, incl uding the furnishings, <br />::lacninery, equipment and oth er t angible p erso na l p r operty, as <br />.~or~ pa rti cula rly de scri bed in Exhibit "A" her€to. <br />"L:ve nt of Default" sha l l me an any Event of Defau lt spe- <br />=ificc.J in Sect i on 9 ,1 hereof . <br />"Guaranto r" shall menn, jointly and severally, Cla rk <br />llevcL::i~ .. teni:., Inc., Jack A, Clark, Christopher /\. Clark and Martin <br />J. :::L1rk. <br />"Guaranty" shall mean t he Gu ara nty Agreement, date d as <br />of the .lat13 hereof, between the Gua rantor , the Issue r and the <br />·~r~st~~. ?U r sua nt to which the Guarantor has g uaranteed full and <br />prompt pa.yr.lent of the principal of , premium, i f any, and interest <br />on ti\e donJ s . <br />"tnc.Jenture" shal l me an this Trust Inden tu re as amended <br />or su;,plcmented from time to t ime in acco rda nce with the terrns <br />hereof . <br />"tnvestment Securities" shall mea n any of the following <br />securities, Lf and to the extent the same are at the time legftl <br />for i.n•,,~st::wnt of t he funJs of the Issuer: <br />(~) any bonds o r other obliga tions which as to prin - <br />cip~l ~nJ inte rest constitu te ,IL ~ec t obligations of, or are <br />un.canuiti.onal ly gu.:ir anteec! by, the United Stat es of l\meric~, <br />-15 -
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