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1997-082
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1997-082
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Last modified
10/25/2015 11:52:30 PM
Creation date
9/16/2015 12:34:27 PM
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Resolutions
Resolution Number
1997-82
Approved Date
08/19/1997
Resolution Type
Industrial Development Revenue Bonds
Entity Name
Ocean Spriay Cranberries Inc
Subject
Authorize issuance Revenue Bonds Series 1997
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SECTION 3. The Loan Agreement in substantially the form <br /> attached hereto as Exhibit "B" (the "Agreement") , is hereby <br /> approved, confirmed and ratified and the Chairman, vice-Chairman, <br /> or any other member of the Board of the County are hereby <br /> authorized and directed to execute and deliver, and the County <br /> Clerk or any assistant Clerk is hereby authorized and directed to <br /> attest the execution of, the Agreement on behalf of and in the name <br /> of the County with such additional changes, insertions and omis- <br /> sions therein as implement the provisions of the Bond Placement <br /> Agreement hereinafter mentioned, and as may be otherwise made and <br /> approved by the said officers of the County executing the same, <br /> such execution to be conclusive evidence of such approval. <br /> SECTION 4. It is hereby found and determined that due to <br /> the complexity of the financing, the need to coordinate matters <br /> among the County, the Company, Wachovia Bank, N.A. (the "Credit <br /> Provider") and the Underwriter, and due to the willingness of the <br /> Underwriter to purchase the Bonds, it is in the best interest of <br /> the County to negotiate the sale of the Bonds. The disclosure <br /> required by Section 218.385, Florida Statutes, as amended, shall be <br /> provided to the County, as evidenced by a schedule to be attached <br /> to the Bond Purchase Agreement hereinafter described wherein the <br /> Underwriter agrees to provide disclosure to the County prior to the <br /> execution by the County of the Bond Purchase Agreement. The <br /> negotiated sale of the Bonds in amounts not to exceed $4,080,000 <br /> with respect to the Bonds, at the subsequent determination of the <br /> Chairman or vice Chairman of the County, at a price not less than <br /> 4 <br />
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