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be considered and a zero rate or blank rate will not be permitted. All 2024 Bonds maturing on the <br />same date shall bear the same rate of interest. <br />The 2024 Bonds will be awarded to the bidder offering to purchase the 2024 Bonds at the <br />lowest annual interest cost computed on a TIC basis. The annual TIC will be determined by <br />doubling the semi-annual interest rate necessary to discount the semi-annual debt service payments <br />on the 2024 Bonds back to the Net Bond Proceeds (defined as the par amount of the 2024 Bonds, <br />plus any OIP, less any OID and underwriters' discount on the 2024 Bonds, calculated on a 360 day <br />year to the Closing Date, as defined below). The TIC must be calculated to four (4) decimal places. <br />If more than one bid offers the same lowest TIC, the successful bid will be selected by lot from <br />among all such bids. NO BID SHALL BE ACCEPTED WITH A TIC GREATER THAN <br />5.00%. <br />THE ISSUER RESERVES THE RIGHT TO REJECT ALL BIDS OR ANY BID NOT <br />CONFORMING TO THIS OFFICIAL NOTICE OF SALE. THE ISSUER ALSO RESERVES <br />THE RIGHT TO WAIVE, IF PERMITTED BY LAW, ANY IRREGULARITY OR <br />INFORMALITY IN ANY PROPOSAL. THE ISSUER SHALL NOT REJECT ANY <br />CONFORMING BID, UNLESS ALL CONFORMING BIDS ARE REJECTED. <br />GOOD FAITH DEPOSIT <br />If the County selects a winning bid, then the successful bidder must submit a "Good Faith <br />Deposit" (the "Deposit") to the County in the form of a wire transfer in the amount of $250,000 <br />not later than 12:00 noon, Eastern time on the business day following the date of the award. The <br />Deposit of the successful bidder will be collected and the proceeds thereof retained by the Issuer <br />to be applied as partial payment for the 2024 Bonds and no interest will be allowed or paid upon <br />the amount thereof, but in the event the successful bidder shall fail to comply with the terms of the <br />bid, the proceeds thereof will be retained as and for full liquidated damages. <br />STANDARD FILINGS, CHARGES AND CLOSING DOCUMENTS <br />The winning bidder will be required to make the standard filings and maintain the <br />appropriate records routinely required pursuant to MSRB Rules G-8, G-11 and G-36. The winning <br />bidder will be required to pay the standard MSRB charge for the 2024 Bonds purchased. In <br />addition, those who are members of SIFMA will be required to pay SIFMA's standard charge per <br />bond. The winning bidder will also be required to execute certain closing documents required by <br />Florida law or required by Bond Counsel (as defined below) in connection with the delivery of its <br />tax opinion. See "DISCLOSURE; AMENDMENTS TO NOTICE OF SALE; NOTIFICATION <br />OBLIGATIONS OF PURCHASER" herein. <br />CUSIP NUMBERS <br />The Issuer will assume no obligation for the assignment of CUSIP numbers to the 2024 <br />Bonds or for the correctness of any such numbers printed thereon, but the Issuer will permit such <br />printing to be done at the expense of the purchaser, provided that such printing does not result in <br />5 <br />86 <br />