|
1
<br />interest of the Issuer; and
<br />WHEREAS, there has been filed with the Issuer, prior to
<br />adoption of this resolution, the disclosure statement required by
<br />Section 218.385(4), Florida Statutes; and
<br />WHEREAS, the Issuer has received a commitment for muni-
<br />cipal bond insurance from AMBAC Indemnity Corporation, New York,
<br />New York (hereinafter called "Insurer"), and, therefore, expects
<br />to receive from Standard & Poor's Corporation, New York, New
<br />York, and/or Moody's Investors Service, Inc., New York, New York,
<br />prior to issuance of the Bonds, a bond rating in one of their 3
<br />highest classifications; and
<br />WHEREAS, M. G. Lewis & Co., Winter Park, Florida
<br />(hereinafter called "Purchaser"), has, by written proposal,
<br />offered to purchase $2,720,000 aggregate principal amount of the
<br />Bonds at the price of $2,646,251.85, plus accrued interest to
<br />the date of delivery, at the interest rates set forth below; and
<br />WHEREAS, the Governing Body deems it necessary and
<br />desirable at this time to fix the date, maturity schedule, term
<br />bond amortization installments, interest rates, interest payment
<br />dates, redemption provisions and bond registrar and paying agent
<br />with respect to the Bonds; to award the Bonds at negotiated sale
<br />to the Purchaser; to approve the form and dissemination of the
<br />official statement for the Bonds; to fix the Reserve Account
<br />requirement for the Bonds; and to cancel authorization for the
<br />issuance of the balance of the Bonds; now, therefore,
<br />BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF
<br />INDIAN RIVER COUNTY, FLORIDA:
<br />SECTION 1. REMAINING FISCAL DETAILS FOR BONDS. The
<br />date, maturity schedule, term bond amortization installments,
<br />interest rates, interest payment dates and redemption provisions
<br />for the Bonds shall be as set forth below.
<br />The Bonds shall be dated April 1, 1986, and bear interest
<br />payable on September 1, 1986, and semiannually thereafter as pro-
<br />vided in the Resolution.
<br />-2-
<br />
|