Laserfiche WebLink
40 <br />40 <br />J <br />v� <br />r,; <br />RESOLUTION NO. 2000- 086, <br />A RESOLUTION Of INDIAN RIVER COUNTY, FLORIDA PROVIDING FOR <br />THE DEFEASANCE OF TETE OUTSTANDING INDIAN RIVER COUNTY, <br />FLORIDA REFUNDING REVENUE BONDS, SERIES 1992; APPROVING THE <br />FORM OF AND AUTHORIZING TIME EXECUTION AND DELIVERY OF AN <br />ESCROW DEPOSIT AGREEMENT BETWEEN THE COUNTY .AND THE <br />ESCROW HOLDER; APPOINTING AN ESCROW MOLDER;, AUT14ORIZING <br />OTI[FR 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 1�o.,, 7.19, 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 1955 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 fwids <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 6 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 />sonic, such MCLItion to be Conclusive evidence of such approval. STATE OF FLORIDA <br />;NDIAN RIVER COUNTY <br />:riIS IS T'7 CERTIFY THAT THIS IS <br />i ,:2py OF <br />,:.L „N F!.: I") THIS <br />.;PEKE. <br />j CFR -f K aARTON, CLERK <br />DATE - 00 <br />