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1986-036
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1986-036
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Last modified
5/18/2023 10:50:51 AM
Creation date
5/18/2023 10:49:46 AM
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Resolutions
Resolution Number
1986-036
Approved Date
06/18/1986
Subject
Authorizing issuance of not exceeding $9,200,000 W&S Revenue Bonds, Series 1986
Anticipation notes of IRC; providing for the payment thereof & security thereof
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7 <br />Me / <br />RESOLUTION 87- 143 <br />A RESOLUTION AMENDING RESOLUTION 86-36 OF <br />INDIAN RIVER COUNTY, FLORIDA, ENTITLED: <br />"A RESOLUTION AUTHORIZING THE ISSUANCE OF NOT <br />EXCEEDING $9,2001000 WATER AND SEWER REVENUE <br />BONDS, SERIES 1986, ANTICIPATION NOTES OF <br />INDIAN RIVER COUNTY, FLORIDA; PROVIDING FOR <br />THE PAYMENT THEREOF AND THE SECURITY THEREFOR; <br />PROVIDING FOR THE RIGHTS OF THE HOLDERS OF SUCH <br />NOTES; MAKING CERTAIN COVENANTS AND AGREEMENTS <br />IN CONNECTION THEREWITH; PROVIDING FOR RELATED <br />MATTERS; AND PROVIDING AN EFFECTIVE DATE" <br />BY MODIFYING CERTAIN REDEMPTION PROVISIONS <br />APPLICABLE TO THE SERIES 1986 NOTES, AND <br />SUPPLEMENTING SAID RESOLUTION BY ESTABLISHING <br />CERTAIN PROVISIONS REGARDING THE APPLICATION OF <br />THE PROCEEDS OF THE SERIES 1986 NOTES, THE <br />APPLICATION OF THE CONSTRUCTION FUND WITH <br />RESPECT TO THE SERIES 1986 NOTES, AND THE <br />SATISFACTION, BY THE COUNTY, OF CERTAIN <br />REQUIREMENTS CONTAINED IN THE ORIGINAL <br />RESOLUTION AND THE LOAN COMMITMENT; AND <br />PROVIDING AN EFFECTIVE DATE, <br />BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF <br />INDIAN RIVER COUNTY, FLORIDA THAT: <br />is adopted <br />SECTION 1. Authority for Resolution. This Resolution <br />pursuant to the provisions of Chapter 125 and Section <br />215.431, Florida Statutes (1985), as amended; and other applicable <br />provisions of law. <br />SECTION 2. Definitions. All terms and phrases used <br />herein shall have the meanings ascribed to them in the Neste <br />Resolution, as hereinafter defined, except as otherwise <br />specifically provided herein. <br />SECTION 3. Find n <br />determined and declared that: It is hereby ascertained, <br />County, <br />A. The Board of County Commissioners of Indian River <br />Florida (hereinafter called the "Board" and the "County", <br />respectively), on June 18, 1986, duly adopted a resolution <br />entitled: <br />
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