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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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6 <br />GENERAL CERTIFICATE <br />We, Wesley S. Davis, Chairman of the Board of County Commissioners (the "Board") of <br />Indian River County, Florida (the "County"), and Jeffrey R. Smith, Clerk of the Circuit Court <br />and Ex -Officio Clerk of the Board, are delivering this Certificate in connection with the issuance <br />of the County's Limited General Obligation Refunding Note, Series 2015 (the "Note") issued <br />pursuant to Resolution No. 2005-059 of the County, adopted May 17, 2005, as amended and <br />supplemented, and particularly as supplemented by Resolution No. 2015-047, adopted April 7, <br />2015 (collectively, the "Resolution"). All terms not otherwise defined herein shall have the <br />meanings ascribed thereto in the Resolution. We hereby certify, to the best of our knowledge, as <br />follows: <br />1. The Resolution has not been further amended or supplemented and is in full force <br />and effect. <br />2. No Event of Default (as defined in the Resolution) has occurred and is continuing <br />thereunder. <br />3. To our knowledge, the County has never been in default at any time after <br />December 31, 1975, as to principal or interest with respect to an obligation issued by the County. <br />4. The audited financial statements for the fiscal year ended September 30, 2014 <br />were prepared in accordance with generally accepted accounting principles and fairly present the <br />financial condition of the County as of their date. Since the date of the information presented in <br />such audited financial statements, there has been no material adverse change in the financial <br />condition of the County. <br />5. The issuance and sale of the Note to Regions Capital Advantage, Inc. (the <br />"Purchaser"), the adoption of the Resolution and the compliance by the County with the terms <br />thereof and of the Note will not conflict with, or result in any breach of any of the provisions of, <br />or constitute a default under any federal or State of Florida constitutional provision or statute, <br />agreement, resolution or other instrument to which the County is a party or by which it or its <br />property is bound, or any license, judgment, decree, order, law, statute, ordinance or State of <br />Florida governmental rule or regulation applicable to the County which would result in the <br />creation or imposition of any lien, charge, encumbrance or security interest in the property of the <br />County (other than as contemplated by the Resolution). <br />6. All consents, approvals or authorizations, if any, of any Florida governmental <br />authority required on the part of the County in connection with the adoption of the Resolution, <br />the offer, issue, sale or delivery of the Note and the consummation of the transactions <br />contemplated thereby have been obtained by the County (but no representation is made as to <br />consents, approvals or authorizations required to be obtained by the Purchaser). <br />
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