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2025-007
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Last modified
2/13/2025 2:02:55 PM
Creation date
2/13/2025 2:00:24 PM
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Resolutions
Resolution Number
2025-007
Approved Date
02/11/2025
Agenda Item Number
14.A.1.
Resolution Type
Revenue Bonds
Entity Name
Acts Retirement-Life Communities, Inc
Subject
Approving the issuance by the Palm Beach County Health Facilities authority of one
or more series of its retirement communities revenue bonds, Series 2025 (Acts Retirement-
Life Communities, Inc. Obligated group) in an amount not to exceed $70,000,000.
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RESOLUTION NO. 2025- 007 <br />NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY <br />COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA THAT: <br />1. The Board of County Commissioners of Indian River County hereby approves <br />the issuance of the Bonds solely for purposes of Section 147(f) of the Code. <br />2. The entry into the Seventh Amendment to an Interlocal Agreement substantially <br />in the form presented to this meeting and attached hereto as Exhibit B is hereby <br />approved. <br />This Resolution shall be effective immediately upon its adoption. <br />The foregoing Resolution was offered by Commissioner Loar , who moved its <br />adoption. The motion was seconded by Commissioner F 1 e s cher , and upon being put to a <br />vote, the vote was as follows: <br />Commissioner Joseph E. Flescher, Chairman <br />AYE <br />Commissioner Deryl Loar, Vice -Chairman <br />AYE <br />Commissioner Susan Adams <br />AYE <br />Commissioner Joseph H. Earman <br />AYE <br />Commissioner Laura Moss <br />AYE <br />
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