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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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benefit of the holders and beneficial owners of the Series 2024 Bonds and shall be <br />enforceable by any such holder or beneficial owner; provided that the right to enforce the <br />provisions of this undertaking shall be limited to a right. to obtain specific performance. of <br />the County's obligations hereunder and any failure by the County to comply with the <br />provisions of this undertaking shall not be an event of default with respect to the Series <br />2024 Bonds under the Bond Resolution. <br />SECTION 6. SEPARATE BOND REPORT NOT. REQUIRED; <br />INCORPORATION BY REFERENCE. The requirements of this Disclosure Certificate <br />do not necessitate the preparation of any separate annual. report addressing only the Series <br />2024 Bonds. These requirements may be met by the filing of a combined bond report or <br />the County's Comprehensive. Annual Financial Report; provided, such report includes all <br />of the required information and is available by April 30. Additionally, the County may. j <br />incorporate any information provided in any prior filing with EMMA or one of the <br />Nationally Recognized Municipal Securities Information Repositories recognized by the <br />SEC for purposes of the Rule or other information filed with. the SEC or .included in any <br />final official statement of the County; provided, such final official statement is filed with <br />the MSRB. <br />SECTION '7. DISSEMINATION AGENTS. The County may, from time <br />to time, appoint or engage a dissemination agent to assist it in carrying.out its obligations <br />under this . Disclosure Certificate, and. may discharge any such agent, with or without <br />appointing a successor dissemination agent. The County has appointed. HTS Continuing <br />Disclosure Services, a Division of Hilltop Securities Inc., as its initial dissemination agent. <br />SECTION 8. TERMINATION, The Countys obligations. under . this <br />' <br />DisclosureCertificate shall cease (a) upon: the legal defeasance, prior redemption, payment <br />in full of all of the Series 2024 Bonds, or (b) when the County no longer remains. an <br />Obligated Person with respect to the Series 2024 Bonds within the meaning of the Rule, or j <br />(c) upon the termination of the continuing disclosure requirements.: of the. Rule by <br />legislative, judicial or administrative action. <br />SECTION 9. AMENDMENTS. The County reserves the right. to amend the <br />provisions of this Disclosure Certificate as may be necessary or appropriate to achieve its <br />compliance with any applicable federal securities law or rule, to cure any ambiguity, <br />inconsistency or formal defect or omission, and to address any change in circumstances <br />arising from a change in legal requirements, change in law, or change in the identity, nature, <br />or status of the County, or type of business conducted by the County. Any such amendment <br />shall be made only in a manner consistent With the Rule and any amendments and <br />interpretations thereof by the SEC. Additionally,, compliance with any provision of this <br />Disclosure Certificate maybe waived. Any such amendment or waiver will.not be effective <br />unless this Disclosure Certificate (as amended or taking into account such waiver) would <br />have complied with the requirements of the Rule at the time of the primary offering of the <br />Series 2024 Bonds, after taking into account any applicable amendments to or official <br />5 <br />
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