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2024-023
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2024-023
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Last modified
6/7/2024 12:34:02 PM
Creation date
6/7/2024 12:29:12 PM
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Resolutions
Resolution Number
2024-023
Approved Date
06/04/2024
Agenda Item Number
8.K.
Resolution Type
Supplementing Resolution 2023-004
General Obligaton Bond
Entity Name
Indian River County
Subject
General Obligations Bond Preserving Environmentally Sensitive Lands
Authorizing the issuance of not exceeding $25,000,000 in aggregate principal
amount of Indian River County, Florida
Document Relationships
2023-004
(Agenda)
Path:
\Resolutions\2020's\2023
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DRAFT #1: 05/20/24 <br />262-00014.E1 <br />CONTINUING DISCLOSURE CERTIFICATE <br />This Continuing Disclosure Certificate ,(the "Disclosure Certificate"),* executed <br />and delivered by Indian River County, Florida (the "County") in connection with. the <br />issuance of $r 1 aggregate principal amount of its Indian River County; Florida <br />General Obligation Bonds, Series 2.024 (the "Series 2024 Bonds"). The Series 2024 Bonds <br />are being issued pursuant to Resolution No.. r adopted by the Board of County <br />Commissioners of the County (the "Board') on June [ 1, 2024 (the "Bond Resolution") <br />Capitalized terms used but not otherwise defined herein shall have the same meaning as <br />when used in the Bond Resolution unless the context would clearly indicate otherwise. The <br />County covenants and agrees as follows: <br />SECTION 1. PURPOSE OF DISCLOSURE CERTIFICATE. This <br />Disclosure Certificate is being executed and delivered by the County for the benefit of the <br />Series 2024 Bondholders and to assist. the Underwriter of the Series 2024 Bonds in <br />complying with the continuing disclosure requirements of. Rule 1Sc2-12 promulgated by <br />the Securities and Exchange Commission ("SEC")'pursuant to the Securities Exchange Act <br />of 1934 (the "Rule"). <br />SECTION 2. NATURE OF UNDERTAKING. The County, in accordance <br />with the Rule, hereby covenants to provide or cause to- be provided to the Electronic <br />Municipal Market Access 'system ("EMMA") and maintained by the Municipal, Securities <br />Rulemaking Board (the "MSRB")'for purposes of the Rule and any other entity authorized <br />and approved by the SEC from time to time to act as a repository for purposes of complying <br />with the Rule: <br />(a) (i) annual financial information and operating data of the type <br />described as "Annual Information" in Section 3(a) hereof for each Fiscal Year : <br />ending on or after September 30, 2024, not later than the following April_ 30, and <br />(ii) audited financial statements of the County for each such Fiscal Year; not later <br />than :the following April 30, if then available as described in the final paragraph of <br />this Section 2; and <br />(b) in a timely manner not in excess of ten business days after the <br />occurrence of any Specified Event described in Section 3(b) hereof (a "Specified <br />Event"), notice of (i) any Specified Event described in Section 3(b) hereof, (ii) the <br />County's failure to provide the Annual Information on or. prior to the date specified <br />above, and (iii) any change in the accounting principles applied in the preparation <br />of its annual financial statements, any=change in its Fiscal Year, and the termination <br />of the County's continuing disclosure obligations: <br />The County expects that audited annual financial statements will be prepared and <br />will be filed together with the Annual Information identified below.. The. accounting <br />
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