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1983-125
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1983-125
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Last modified
3/30/2023 12:34:46 PM
Creation date
3/30/2023 12:34:25 PM
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Resolutions
Resolution Number
1983-125
Approved Date
12/21/1983
Subject
Awarding $2,400,000 Industrial Development Revenue Bonds, Series 1983
(Florida Health Facilities Project) of IRC, at negotiated sale to the purchaser &
providing an effetive date
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RESOLUTION NO . <br />A RESOLUTION AWARDING $2 ,400 ,0 0 0 INDUSTRIAL <br />DE VELOPMENT RE VEN UE BONDS, SERIES 1983 <br />(FLORIDA HEALTH FACILITIES PROJECT ), OF <br />INDIAN RI VER COUNTY, FLORIDA , AT NEGOTIATED <br />SALE TO THE PURCHASER ; AND PROVIDING AN <br />EFFECTIVE DATE. <br />WHEREAS, a resolution (her e inafter called "Resolution") <br />of the Board of County Commissioners (hereinafter called <br />"Governing Body ") of Indian River County, Florida (hereinafter <br />called "Issuer "), duly adopted on October 19, 1983, authorized <br />the issuance of not exceeding $2,400,000 Industrial Development <br />Revenue Bonds, Series 1983 (Florida Health Facilities P~oject ), <br />hereinafter called ''Bonds," to provide for the acquisition and <br />construction of a capital project in the area of the Issuer; and <br />WHEREAS, the Bonds were validated and confirmed by final <br />judgment of the Circuit Court, Nineteenth Judicial Circuit , in <br />and for Indian River County, Florida; and <br />WHEREAS , Barnett Bank of Central Florida, N.A., Orlando, <br />Florida (hereinafter called "Purchaser"), has off ered to purchase <br />$2,400 ,000 aggregate principal amount of the Bonds at the price <br />of par, pursuant to th e remaini n g terms of the Bond Purchase <br />Agreement attached her eto (hereinafter called "Bond Purchase <br />Agreement"); and <br />WHEREAS, the Resolution contains specific findings as to <br />the reasons requiring a negotia ted sale of the Bonds; and <br />WHEREAS, the Governing Body deems it nec essary and <br />desirable at this time to a ward the Bonds at nego tiated sale to <br />the Purchaser; now, th erefore , <br />BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF <br />INDIAN RIVER COUNTY, FLORIDA: <br />SECTION 1. AWARD OF BONDS. The Bonds, in the aggregate <br />principal amount of $2,400,000, are hereby awarded and sold to <br />the Purchaser at the price of par and upon the remaining terms <br />and conditions of the Bond Purchase Agreement. The Governing <br />Body hereby authorizes and directs its Chairman to exec ut e a nd <br />its Clerk to attest under the of ficia l seal of the Issuer, the <br />Bond Purchase Agreement in substantially the form attached her eto. <br />-1-
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