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• <br />Florida Convalescent Centers, Inc. Project wants to substim a letter of credit to segue payment <br />of the Bonds, as authorized under the Bond Documents. In connection with the substitution, the <br />Bond Trustee has requested that we amend the agreement between Trustee and Registrar and <br />Paying Agent (the Aging Agreement) which authorizes the Paying Agent to draw upon the letter <br />of credit on behalf of the Bond Trustee. The Indenture of Trust with respect to the Bonds <br />requires the Bond Trustee and Registrar and Paying Agent obtain the consent of the County for <br />such an amendment Attached is a resolution of the Board of County Commission (with attached <br />Form of Amendment) and a Certificate of the County which will effect the consent described <br />above. <br />Staff recommends the Board of County Commissioners approve the attached Resolution <br />amending the agreement between the Trustee and Registrar and Paying Agent with respect to <br />Industrial Development Revenue Refunding Bonds for Florida Convalescent Centers, Inc. <br />Project Series 1988A, and authorize the Chairman to sign all pertinent documents. <br />ON MOTION by Commissioner Stanbridge, <br />SECONDED by Commissioner Tippin, the Board <br />unanimously adopted Resolution 2000-044 <br />consenting to the Amendment to the Agreement <br />between Trustee and Registrar and Paying Agent <br />with respect to its variable rate demand/fixed rate <br />Industrial Development Revenue Refunding Bonds <br />(Florida Convalescent Centers, Inc. Project), Series <br />1988A; authorizing the execution and delivery of <br />certain related documents and certificates; and <br />providing certain other details and an effective date. <br />APRIL 189 2000 <br />AMENDMENT IS ON FILE IN THE <br />OFFICE OF THE CLERK TO THE BOARD <br />-45- BOOK 113 PACE JL07 <br />