Laserfiche WebLink
40 <br />40 <br />RESOLUTION NO. 2000- 086_ � <br />A RESOLUTION OF INDIAN RIVER COUNTY, FLORIDA PROVIDING FOR <br />THE DEFEASANCE OF THE OUTSTANDING INDIAN RIVER COUNTY, <br />FLORIDA REFUNDING REVENUE BONDS, SERIES 1992; APPROVING THE <br />FORM OF AND AUTHORIZING THE EXECUTION AND DELIVERY OF AN <br />ESCROW DEPOSIT AGREEMENT BETWEEN THE COUNTY AND THE <br />ESCROW HOLDER; APPOINTING AN ESCROW HOLDER; AUTHORIZING <br />OTHER REQUIRED ACTIONS; PROVIDING FOR SEVERABILITY AND AN <br />EFFECTIVE DATE. <br />BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF INDIAN <br />RIVER COUNTY, FLORIDA: <br />SECTION I . AUTHORITY FOR THIS RESOLUTION. This Resolution is adopted pursuant <br />to the provisions of Chapter 125, Florida Statutes, County Home Rule Ordinance No.477-19, enacted <br />August 3, 1977 and effective August 9, 1977, as amended, and other applicable provisions of law. <br />SECTION 2. FINDINGS. It is hereby found and determined that: <br />A. Pursuant to Resolution No. 92-216 adopted by the County Commission on <br />November 24, 1992 (the "1992 Bond Resolution, together with the 1985 Bond Resolution, the <br />"Bond Resolution"), the County has previously issued and sold its Refunding Revenue Bonds, Series <br />1992 (the "Series 1992 Bonds"). <br />B. The County has determined that it has sufficient available funds, together with funds <br />on deposit in the funds and accounts securing the Series 1992 Bonds to use to defease all of the <br />outstanding Series 1992 Bonds and to pay the costs of such defeasance. <br />SECTION 3. AUTHORIZATION OF DEFEASANCE, There is hereby authorized the <br />defeasance all of the Series 1992 Bonds set forth in Exhibit A hereto on the respective call date set forth <br />on Exhibit A hereto, and the payment of all costs associated therewith. <br />SECTION 4. APPROVAL OF THE ESCROW DEPOSIT AGREEMENT, The Escrow Deposit <br />Agreement in substantially the form attached hereto as Exhibit B is hereby approved and the Chairman or <br />Vice -Chairman and the Clerk are hereby authorized and directed to execute and deliver the Escrow Deposit <br />Agreement on behalf of and in the name of the County, with such additional changes, insertions and <br />omissions therein as may be otherwise made and approved by said officers of the County executing the <br />same, such execution to be conclusive evidence of such approval. <br />STATE OF FLORIDA <br />,NDIAN RIVER COUNTY <br />:HIS IS TO CERTIFY THAT THIS IS <br />_.-,.c_i COPY OF <br />?IAL <br />CN FI:C IN THIS <br />OFFICE. <br />E7Y�-rFREY K. TON, CLERK <br />cLcu <br />DATE / J -00 <br />