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2015-070A
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2015-070A
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Last modified
4/19/2018 10:26:00 AM
Creation date
7/21/2015 2:28:23 PM
Metadata
Fields
Template:
Official Documents
Official Document Type
Bond
Approved Date
04/07/2015
Control Number
2015-070A
Agenda Item Number
12.E.1.
Entity Name
Nabors Giblin & Nickerson
Subject
Limited General Obligation Refunding Note
Series 2015 Land Acquisition
Document Relationships
2015-047
(Agenda)
Path:
\Resolutions\2010's\2015
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(f) No dealer firms were associated by the Purchaser for the purpose of underwriting <br />the purchase of the Note. <br />(g) The Issuer is proposing to issue $20,369,000 of debt pursuant to Resolution No. <br />2005-059, adopted on May 17, 2005, as amended and supplemented, particularly as <br />supplemented by Resolution No. 2015-047, adopted April 7, 2015 (collectively, the <br />"Resolution"). This debt or obligation is expected to be repaid over a period of approximately <br />6.25 years. At an interest rate of 1.66%, total interest paid over the life of the debt or obligation <br />is estimated to be $1,357,558.05. <br />(h) The source of repayment or security for this proposal is a limited pledge of ad <br />valorem tax revenues imposed and generated by the County to pay principal of and interest on <br />the Note. Authorizing this debt or obligation will result in an annual amount ranging from <br />approximately $397,017 to $4,418,649 paid by the taxpayers of the County. <br />We understand that you do not require any further disclosure from the Purchaser pursuant <br />to Section 218.385(2), Florida Statutes. <br />Very truly yours, <br />REGIONS CAPITAL ADVANTAGE, INC. <br />By: k > L i <br />�"' Title: President <br />
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