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40 <br />• <br />I � <br />RESOLUTION NO. j 84 ;102 <br />A RESOLUTION AWARbING $2,500,OGJ INDUSTRIAL <br />DEVELOPMENT REVENUE BONDS, SERIES 1984 <br />(HETRA PROJECT), OF INDIAN RIVER COUNTY, <br />FLORIDA, AT NEGOTIATED SALE TO THE PURCHASER; <br />AND PROVIDING AN EFFECTIVE DATE. <br />WHEREAS, a resolution (hereinafter 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 June 13, 1984, authorized the <br />issuance of not exceeding $2,500,000 Industrial Development <br />Revenue Bonds, Series 1984 (HETRA Project), hereinafter called <br />"Bonds," to provide for the acquisition and construction of a <br />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 the appeal period has <br />expired; and <br />WHEREAS, Barnett Bank of Central Florida, N.A., Orlando, <br />Florida (hereinafter called "Purchaser"), has offered to purchase <br />$2,500,000 aggregate principal amount of the Bonds at the price <br />of par, pursuant to the remaining terms of the Bond Purchase <br />Agreement attached hereto (hereinafter called "Bond Purchase <br />Agreement"); and <br />WHEREAS, the Resolution contains specific findings as to <br />the reasons requiring a negotiated sale of the Bonds; and <br />WHEREAS, the Governing Body deems it necessary and <br />desirable at this time to award the Bonds at negotiated sale to <br />the Purchaser; now, therefore, <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 $2,500,000, 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 execute and <br />its Clerk to attest under the official seal of the Issuer, the <br />Bond Purchase Agreement in substantially the form attached hereto. <br />SECTION 2. EFFECTIVE DATE. This resolution shall take <br />effect immediately upon its adoption. <br />-1- <br />