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1997-043
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1997-043
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Last modified
10/25/2015 11:47:37 PM
Creation date
9/10/2015 1:58:14 PM
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Resolutions
Resolution Number
1997-43
Approved Date
05/06/1997
Resolution Type
Approving Issuace of Revenue Bonds
Entity Name
Ocean Spray Cranberries
Subject
$10,000,000 Industrial Development Revenue Bonds
Area
Ocean Spray Cranberries
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RESOLUTION NO. 97- 43 <br /> A RESOLUTION OF INDIAN RIVER COUNTY, FLORIDA <br /> APPROVING ISSUANCE OF NOT TO EXCEED <br /> $10,000,000 INDIAN RIVER COUNTY, FLORIDA <br /> INDUSTRIAL DEVELOPMENT REVENUE BONDS, SERIES <br /> [TO BE DETERMINED] (OCEAN SPRAY CRANBERRIES, <br /> INC. PROJECT) PURSUANT TO SECTION 147(f) OF <br /> THE INTERNAL REVENUE CODE OF 1986; PROVIDING <br /> CERTAIN OTHER MATTERS IN CONNECTION THEREWITH; <br /> AND PROVIDING AN EFFECTIVE DATE. <br /> WHEREAS, Section 147(f) of the Internal Revenue Code of 1986, <br /> as amended (the "Code") , requires as a condition of exclusion from <br /> gross income for federal income tax purposes of the interest on <br /> private activity bonds, that the issuance of private activity <br /> bonds, as defined in Section 141(a) of the Code, such as the Indian <br /> River County Industrial Development Revenue Bonds, Series [To Be <br /> Determined] (Ocean Spray Cranberries, Inc. Project) in a principal <br /> amount not to exceed $10,000,000 (the "Bonds") be approved, after <br /> a public hearing following reasonable public notice, by the <br /> governmental unit on behalf of which such obligation is to be <br /> issued and the governmental unit having jurisdiction over the area <br /> in which the private activity bond-financed facility is to be <br /> located; and <br /> WHEREAS, the Board of County Commissioners of Indian River <br /> County on April 21, 1997, published a notice of a public hearing in <br /> the Press Journal, a newspaper of general circulation in Indian <br /> River County, Florida, to be held at 9:00 a.m. on May 6, 1997, in <br /> the Commission Chambers, 1840 25`h Street, Vero Beach, Florida, to <br />
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