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2025-061
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Last modified
10/13/2025 12:21:41 PM
Creation date
10/13/2025 12:18:40 PM
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Resolutions
Resolution Number
2025-061
Approved Date
10/07/2025
Agenda Item Number
14.C
Resolution Type
Authorizing the Sale of Recenue Bonds
Entity Name
Sandridge Golf Club
Subject
Authorizing Capital Revenue Bonds for the Sandridge Golf Club new clubhouse.
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OFFICIAL NOTICE OF SALE <br />$13,000,000* <br />Indian River County, Florida <br />Capital Improvement Revenue Bonds, Series 2025 <br />NOTICE IS HEREBY GIVEN that electronic bids will be received in the manner, on the date and <br />up to the time specified below: <br />DATE: October , 2025* <br />TIME: 11:00 a.m. Eastern Daylight Savings Time* <br />ELECTRONIC BIDS: May be submitted only through PARITY® electronic bid submission <br />system (the "Parity System") as described below. No other form of bid <br />or provider of electronic bidding services will be accepted. <br />GENERAL <br />Bids will be received at the office of the Board of County Commissioners for Indian River <br />County, Florida, 1801 27th Street, Vero Beach, Florida 32960, for the purchase of all, but not less <br />than all, of the $13,000,000* Indian River County, Florida Capital Improvement Revenue Bonds, <br />Series 2025 (the "Bonds") to be issued by Indian River County, Florida (the "County") pursuant <br />to the terms and conditions of Resolution No. 2025- , adopted by the Board of County <br />Commissioners for Indian River County, Florida on October 7, 2025 (the "Bond Resolution"). <br />Such bids will be opened in public in accordance with applicable legal requirements. <br />The Bond proceeds will be used for the purpose of (i) providing funds to finance the <br />[acquisition and construction of improvements to the County's golf course facilities] and <br />appurtenances thereto within the County, and (ii) paying certain costs of issuance of the Bonds. <br />The Bonds are more particularly described in the Preliminary Official Statement dated <br />October _, 2025 (the "Preliminary Official Statement") relating to the Bonds, available from the <br />County's municipal advisor, Hilltop Securities Inc., at (407) 426-9611, 450 South Orange Avenue, <br />Suite 225, Orlando, Florida 32801. This Official Notice of Sale contains certain information for <br />quick reference only. It is not, and is not intended to be, a summary of the Bonds. Each bidder is <br />required to read the entire Preliminary Official Statement to obtain information essential to making <br />an informed investment decision. <br />Prior to accepting bids, the County reserves the right to change the principal amount of the <br />Bonds being offered and the terms of the Bonds, to postpone the sale to a later date or time, or <br />cancel the sale. Notice of a change or cancellation will be announced via The Municipal Market <br />Monitor (TM3), not less than 20 hours prior to the time the bids are to be received or as soon as <br />practicable. Such notice will specify the revised principal amount or terms, if any, and any later <br />date or time selected for the sale, which may be postponed or cancelled in the same manner. If the <br />sale is postponed, a later public sale may be held at the hour, in the manner, and on such date as <br />* Preliminary, subject to change. <br />
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