Laserfiche WebLink
10 <br />April 9, 2015 <br />Board of County Commissioners of <br />Indian River County, Florida <br />Vero Beach, Florida <br />Re: Indian River County, Florida <br />Limited General Obligation Refunding Note, Series 2015 <br />Commissioners: <br />In connection with the proposed issuance by Indian River County, Florida (the "Issuer") <br />of its $20,369,000 Limited General Obligation Refunding Note, Series 2015 (the "Note"), <br />Regions Capital Advantage, Inc. (the "Purchaser") has committed to purchase the Note. <br />The purpose of this letter is to furnish pursuant to the provisions of Section 218.385(2), <br />Florida Statutes, certain information in respect of the arrangements contemplated for the <br />purchase of the Note as follows: <br />(a) The nature and estimated amount of expenses to be incurred by the Purchaser in <br />connection with the purchase of the Note are set forth on Schedule A attached hereto. <br />(b) No person has entered into an understanding with the Purchaser, or to the <br />knowledge of the Purchaser with the Issuer, for any paid or promised compensation or valuable <br />consideration, directly or indirectly, expressly or impliedly, to act solely as an intermediary <br />between the Issuer and the Purchaser, for the purpose of influencing any transaction in the <br />purchase of the Note. <br />(c) The Note will be purchased at par; consequently, there is no underwriting spread. <br />(d) No management fee will be paid to the Purchaser. <br />(e) No other fee, bonus or other compensation is estimated to be paid by the <br />Purchaser in connection with the issuance of the Note to any person not regularly employed or <br />retained by the Purchaser (including any "finder" as defined in Section 218.386(1)(a), Florida <br />Statutes). <br />