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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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EXHIBIT B <br />FORM OF ISSUE PRICE CERTIFICATE <br />INDIAN RIVER COUNTY, FLORIDA <br />CAPITAL IMPROVEMENT REVENUE BONDS, SERIES 2025 <br />ISSUE PRICE CERTIFICATE <br />The undersigned, on behalf of (" "), hereby represents and <br />warrants that it has an established industry reputation for underwriting new issuances of municipal <br />bonds and certifies as set forth below with respect to the sale of the above -captioned obligations <br />(the 'Bonds"). <br />[Alternate 1 - Competitive Safe Harbor Met] <br />[I. Reasonably Expected Initial Offering Price. (a) As of the Sale Date, the reasonably <br />expected initial offering prices of the Bonds to the Public by are the prices listed in <br />Schedule A (the "Expected Offering Prices"). The Expected Offering Prices are the prices for the <br />Maturities of the Bonds used by in formulating its bid to purchase the Bonds. <br />Attached as Schedule B is a true and correct copy of the bid provided by to purchase <br />the Bonds. <br />its bid. <br />(b) was not given the opportunity to review other bids prior to submitting <br />(c) The bid submitted by constituted a firm offer to purchase the Bonds.] <br />[Alternate 2 - Competitive Sale Requirements Not Met — General Rule and/or Hold -the - <br />Offering Price to Apply] <br />[ 1. Sale of the Bonds. As of the date of this certificate, for each Maturity of the Bonds, <br />the first price at which at least 10% of such Maturity of the Bonds was sold to the Public is the <br />respective price listed in Schedule A. Each maturity of the Bonds of which at least 10% of such <br />maturity has not yet been sold to the public (the "Unsold Bonds") is also identified in Schedule A. <br />Attached as Schedule B are true and correct copies of the bid provided by to purchase <br />the Bonds, and the pricing wire or equivalent communication for the Bonds. has and <br />will comply with the requirements set forth under the heading 'Establishment of Issue Price <br />Certificate" in the Official Notice of Sale for the Bonds, including reporting on the sale prices of <br />the Unsold Bonds after the date hereof as provided therein. <br />2. Initial Offeriniz Price of the Hold -the -Offering -Price Maturities. (a) _ offered the <br />Hold -the -Offering -Price Maturities to the Public for purchase at the initial offering prices listed in <br />Schedule A (the "Initial Offering Prices") on or before the Sale Date. A copy of the pricing wire <br />or equivalent communication for the Bonds is attached to this certificate as Schedule B. <br />In <br />
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