HomeMy WebLinkAbout1991-150INDIAN RIVER COUNTY, FLORIDA
RESOLUTION NO. 91-j5.10
A RESOLUTION AMENDING AND SUPPLEMENTING RESOLUTION NO.
91-81 AND RESOLUTION NO. 89-19, AS AMENDED AND
SUPPLEMENTED, OF INDIAN RIVER COUNTY, FLORIDA, TO
FURTHER PROVIDE FOR THE TERMS AND CONDITIONS UPON WHICH
THIS COUNTY MAY ISSUE WATER AND SEWER REVENUE BONDS AND
PROVIDE FOR THE PAYMENT AND SECURITY THEREOF.
BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF INDIAN RIVER
COUNTY, FLORIDA:
SECTION 1. Authority for Resolution. This resolution amending and
supplementing Resolution No. 91-81 and Resolution No. 89-19, as amended and
supplemented, of the County is adopted pursuant to Chapter 125, Florida Statutes
(1990), as amended, and other applicable provisions of law.
SECTION 2. Findings. It is hereby ascertained, determined and
declared that:
A. The Board of County Commissioners of Indian River County,
Florida, on July 23, 1991, duly adopted a resolution entitled as
follows:
"RESOLUTION NO. 91-81
A RESOLUTION SUPPLEMENTING RESOLUTION NO. 89-19 OF
INDIAN RIVER COUNTY, FLORIDA, AS AMENDED AND
SUPPLEMENTED; AUTHORIZING THE CONSTRUCTION, ACQUISITION,
FURNISHING AND EQUIPPING OF A REGIONAL SLUDGE TREATMENT
FACILITY IN THE COUNTY; MAKING SAID FACILITY A PART OF
THE SYSTEM, AS DEFINED BY SAID RESOLUTION; AUTHORIZING
RETIREMENT OF THE WATER REVENUE BONDS, SERIES 1988,
ANTICIPATION NOTES OF THE COUNTY; AUTHORIZING THE
ISSUANCE OF NOT EXCEEDING $11,175,000 WATER AND SEWER
REVENUE BONDS, SERIES 1991, TO FINANCE A PORTION OF THE
COST OF THE FACILITY AND TO RETIRE SAID NOTES, AS
ADDITIONAL PARITY BONDS UNDER SAID RESOLUTION; MAKING
CERTAIN COVENANTS AND AGREEMENTS IN CONNECTION
THEREWITH; AND PROVIDING AN EFFECTIVE DATE."
B. The Board of County Commissioners of Indian River County,
Florida, on February 14, 1989, duly adopted a resolution which, as
subsequently restated, amended and supplemented, is entitled as
follows: