Laserfiche WebLink
BOOK J13 F'AGE GG <br />7. F. OCEAN SPRAY CRANBERRIES, INC - CERTIFICATE OFACCEPTANCE BY <br />REMARKETING AGENTS - FROMMORGAN KEEGAN& COMPANY TO <br />MERCHANT CAPITAL AND W. R TAYLOR <br />The Board reviewed a Memorandum of April 11, 2000: <br />TO: Board of County Commissioners <br />DATE: April 11, 2000 <br />SUBJECT: Ocean Spray Cranberries, Inc. Certificate of Acceptance <br />by Remarketing Agents — CONSENT AGENDA <br />FROM: Joseph A. Baird, Assistant County Administrator . <br />In 1997 Morgan Keegan & Company underwrote the $4,080,000 Industrial Development <br />Revenue Bonds for Ocean Spray Cranberries, Inc. project Oceanspray would lice to change the <br />Remarketing Agent to Merchant Capital, L.L.C. and W.R. Taylor & Company, L.L.C. Section <br />10.12 of the Trust Indenture provides that the Remarketing Agent may be removed at any time, <br />at the direction of the company, with the prior written consent of the Bank and the signature of <br />the Issuer. The Chairman of the Board of County Commissioners must sign as the Issuer. Staff <br />has had our Bond Counsel, Bryant Miller and Olive, review the document <br />Staff recommends the Board of County Commissioners authorize the Chairman to sign <br />the Certificate of Acceptance by Remarketing Agents. <br />ON MOTION by Commissioner Ginn, SECONDED <br />by Commissioner Stanbridge, the Board <br />unanimously authorized the Chairman to sign the <br />Certificate of Acceptance by Remarketing Agents, as <br />recommended by staff. <br />COPY OF CERTIFICATE IS ON FILE <br />IN THE OFFICE OF THE CLERK TO THE BOARD <br />APRIL 18, 2000 <br />