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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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DISCLOSURE; AMENDMENTS TO NOTICE OF SALE; <br />NOTIFICATION OBLIGATIONS OF PURCHASER <br />This Official Notice of Sale is not intended as a disclosure document and 'bidders are <br />required to obtain and carefully review the Preliminary Official Statement before submitting a bid. <br />This Official Notice of Sale, may be amended from time to time after its initial publication <br />by publication of amendments thereto not less than 20 lours prior to the bid date and time by <br />Thomson Municipal Market Monitor. Each bidder will be charged with the responsibility of . <br />obtaining any such amendments and complying with the terms thereof. <br />Prior to delivery of the 2024 Bonds to the successful bidder, the. successful bidder shall file <br />with the Issuer a statement as described in Section 218.38 1 c 2 Florida Statutes containing the <br />underwriting spread (including management fee, if any), and the amount of any fee, bonus or <br />gratuity paid in connection with the 2024 Bonds to any person not regularly employed by the <br />successful bidder. This statement shall be filed with the Issuer even if no such management fee or <br />underwriting spread has been charged by the successful bidder or no such fee, bonus or gratuity <br />has been paid by the successful bidder, and such filing shall be a condition precedent to the delivery <br />of the 2024 Bonds by the Issuer to the successful bidder. <br />The successful bidder, by submitting its bid, agrees to furnish to the Issuer and Bond <br />Counsel a certificate verifying information as to the bona fide initial offering prices or yields of <br />the 2024 Bonds to the public and sales of the 2024 Bonds appropriate for determination of -the <br />issue price of, and the yield on, the 2024 Bonds under the Internal Revenue Code of 1986, as <br />amended, in the form attached hereto as Exhibit A-2, and such other documentation as and at the. <br />time requested by. Bond Counsel. <br />The successful bidder shall also verify its winning bid in writing to the Issuer by executing <br />a printed copy of its winning bid as reported on Parity. <br />The winning bidder is required to provide a Truth in Bonding. Statementpursuant to Section <br />218.385, Florida Statutes, and to disclose the. payment of any "finder's fee" pursuant to Section <br />218.386, Florida Statutes, prior to the award of the 2024 Bonds, as set forth in Exhibit A-1 to this <br />Official Notice of Sale: <br />OFFICIAL STATEMENT <br />The Issuer shall furnish at its expense within seven (7) business -days after the 2024 Bonds <br />have been awarded tothe successful bidder, or at least five (5) business days before the Closing <br />Date, whichever is earlier, a reasonable number of copies of the final Official Statement, which, <br />in the judgment of the Financial Advisor to the County will permit the successful bidder to comply <br />with applicable SEC and MSRB rules. The successful bidder may arrange for additional copies <br />of the final Official Statement at its expense. <br />
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