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1984-102
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Last modified
4/21/2023 4:56:20 PM
Creation date
4/21/2023 4:56:05 PM
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Resolutions
Resolution Number
1984-102
Approved Date
12/05/1984
Subject
Award $2,500 Industrial Development Revenue Bonds (Hetra Project) to
Barnett Bank of Central Florida, N.A.
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40 <br />D <br />•• <br />INDIAN RIVER COUNTY, FLORIDA <br />BOND PURCHASE AGREEM',,JT <br />$2,500,000 Industrial Development Revenue Bonds <br />Series 1984 <br />(HETRA Project) <br />Dated December 5, 1984 <br />To: <br />Barnett Bank of Central Florida, N.A. <br />201 South Orange Avenue <br />Orlando, Florida 32801 <br />(the "Purchaser") <br />Gentlemen: <br />The undersigned, Indian River County, Florida, a politi- <br />cal subdivision of the State of Florida (the "County"), and HETRA <br />Computer and Communications Industries, Inc., a corporation orga- <br />nized and existing under the laws of the State of Delaware (the <br />"Borrower"), and authorized to do business in the State of <br />Florida, hereby severally agree with you (the "Purchaser"), and <br />the Purchaser by its acceptance hereof agrees with the County and <br />the Borrower, as follows: <br />PART I <br />1.1. Authorization of Bonds. The County has authorized <br />in compliance with the requirements of law, its industrial deve- <br />lopment revenue bonds in the aggregate principal amount of <br />$2,500,000 to be designated "Indian River County, Florida, <br />Industrial Development Revenue Bonds, Series 1984 (HETRA <br />Project)," the "1984 Bonds." The 1984 Bonds shall be in the <br />form, shall be secured, shall mature and bear interest and be <br />payable and shall be subject to redemption prior to maturity as <br />provided in the resolutions duly adopted by the County's <br />governing body authorizing the issuance of the 1984 Bonds and <br />awarding $2,500,000 aggregate principal amount of the 1984 Bonds <br />to the Purchaser (collectively, the "Resolution"), and the Trust <br />Indenture, dated as of the date of the 1984 Bonds (the <br />"Indenture"), by and between the County, as Issuer and Barnett <br />Banks Trust Company, N.A., Jacksonville, Florida, as Trustee (the <br />"Trustee"), the provisions of which Indenture are incorporated <br />herein by reference. <br />-1- <br />
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