My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
1997-034
CBCC
>
Resolutions
>
1990'S
>
1997
>
1997-034
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
10/25/2015 11:45:45 PM
Creation date
9/10/2015 12:16:01 PM
Metadata
Fields
Template:
Resolutions
Resolution Number
1997-34
Approved Date
04/22/1997
Resolution Type
Memorandum of Agreement
Entity Name
Ocean Spray Cranberries
Subject
Citrus Pulp Processing Facility Industrial Development Revenue
Area
Ocean Spray Cranberries
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
14
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
II <br /> I <br /> (G) In view of rising construction costs, rising interest <br /> rates and other factors, it is believed essential that the <br /> acquisition and construction of the Project commence at the <br /> earliest practical date, and the Company is unwilling to make <br /> commitments therefor without satisfactory assurances from the <br /> County that, upon satisfaction of all requirements of law, and <br /> other conditions to be met by the Company, the Bonds will be issued <br /> and sold and the proceeds thereof will be made available to finance <br /> the cost of the Project, to the extent of such proceeds; and <br /> (H) It is necessary and desirable and in the best interest of <br /> the County that the County and the Company enter into a Memorandum <br /> of Agreement (the "Memorandum of Agreement") , providing among other <br /> things for the issuance and sale by the County of the Bonds; for <br /> the use and application of the proceeds of the issuance and sale of <br /> the Bonds to pay all or any part of the "cost" (as defined in the <br /> Act) of the Project, to the extent of such proceeds; and for the <br /> loan of the proceeds of the sale of the Bonds by the County to the <br /> Company pursuant to a financing agreement requiring the Company to <br /> pay the loan in installments sufficient to pay all of the interest, <br /> principal, redemption premiums (if any) and other costs due under <br /> and pursuant to the Bonds when and as the same become due and <br /> payable, to operate, repair and maintain the Project at the <br /> Company's own expense, and to pay all other costs incurred by the <br /> County in connection with the financing of the acquisition, <br /> rehabilitation and administration of the Project which are not paid <br /> out of the Bond proceeds or otherwise; and <br /> 4 <br />
The URL can be used to link to this page
Your browser does not support the video tag.