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1986-035
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1986-035
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Last modified
5/10/2023 12:47:16 PM
Creation date
5/10/2023 12:46:45 PM
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Resolutions
Resolution Number
1986-035
Approved Date
06/18/1986
Subject
Providing for acquisition & construction of additions, extension & improvements to the combined
water & sewer system of IRC; authorizing the issuance by such county of not exceeding
$9,200,000 water & sewer revenue bonds
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. N <br />or interest therein or of any fixtures, equipment or personal property necessary <br />or convenient therefor; the cost of labor and materials to complete such <br />construction; engineering and legal expenses; fiscal expenses; expenses for <br />estimates of costs and of revenues; expenses for plans, specifications and <br />surveys; interest during construction; reasonable reserves for debt service on <br />the Bonds; municipal bond insurance premiums; repayment of interim financing <br />with respect to the Project; and administrative expenses related solely to the <br />acquisition and construction of the Project. <br />"Instrument" shall mean this resolution and all resolutions amendatory <br />hereof which may be hereafter duly adopted by the Issuer. <br />entitled: <br />"Issuer" shall mean Indian River County, Florida. <br />"Original Resolution" shall mean Resolution No. 82-61 of the Board <br />"RESOLUTION MBINING ALL WATER AND/OR SEWER SYSTBvIS OF <br />INDIAN RIVER COLKrY, FLORIDA, INTO ONE INTEGRATID SYSTEM; <br />PLEDGING THE G;DSS REVENUES OF SUCH MU I NED SYSTEM TO <br />SECURE PAYMENT OF -11 IE PRINCIPAL OF AND INTEREST ON ALL WATER <br />AND/OR SEWER REVENUE OBLIGATIONS OF THE ODUNTY; REVISING <br />CERTAIN OJVB44NTS IN THE RESOLUTIONS AUTHORIZING THE <br />ISSIWJCE OF ALL OUTSTANDING PATER FWD/OR SMER REVENUE <br />OBL I GAT I ONS OF -ME- OXNTY ; AND PROVIDING FOR THE RIG}-fTS OF <br />THE FIOLDEPS OF SU01 OBL I GAT I ONS . " <br />;together with all amendments and supplements thereto adopted prior to the date <br />of adoption hereof. <br />"Parity Obligations" shall mean, collectively, the outstanding Water <br />and Sewer Revenue Bonds, Series 1979, dated August 30, 1979; and Water and Sewer <br />Revenue Bonds, Second Series 1979, dated May 21, 1981; and Water Revenue Bonds, <br />- 2 - <br />
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