HomeMy WebLinkAbout2020-042RESOLUTION NO. 2020-042
A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS
OF INDIAN RIVER COUNTY, FLORIDA AUTHORIZING THE
REDEMPTION OF ITS INDIAN RIVER COUNTY, FLORIDA LIMITED
GENERAL OBLIGATION REFUNDING NOTE, SERIES 2015;
AUTHORIZING THE DELIVERY OF A REDEMPTION NOTICE AND
ANY OTHER NECESSARY DOCUMENTATION; AND PROVIDING
FOR REPEAL OF INCONSISTENT PROVISIONS, SEVERABILITY
AND AN EFFECTIVE DATE.
BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF
INDIAN RIVER COUNTY, FLORIDA, that:
SECTION 1. AUTHORITY FOR THIS RESOLUTION. This resolution is adopted
pursuant to the provisions of Section 125.01, et seq., Florida Statutes, and other applicable
provisions of law.
SECTION 2. FINDINGS. It is hereby ascertained, determined and declared that:
A. Indian River County, Florida (the "County") has previously issued its Limited
General Obligation Refunding Note, Series 2015 (the "Note").
B. The County desires to redeem said Note from legally available funds of the
County.
SECTION 3. AUTHORIZATION OF REDEMPTION. The Note, as described in the
form of Notice of Redemption attached hereto as Exhibit A, is hereby authorized to be redeemed
by the County. The County hereby authorizes the County Administrator to execute said Notice
and any other documentation necessary in connection therewith to effectuate the redemption.
SECTION 4. REPEAL OF INCONSISTENT PROVISIONS. All resolutions or
parts thereof in conflict with this Resolution are hereby repealed to the extent of such conflict.
SECTION 5. SEVERABILITY. In the event that any portion or section of this
Resolution is determined to be invalid, illegal or unconstitutional by a court of competent
jurisdiction, such decision shall in no manner affect the remaining portions or sections of this
Resolution, which shall remain in full force and effect.
SECTION 6. EFFECTIVE DATE. This Resolution shall take effect immediately
upon its final passage and adoption.
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RESOLUTION NO. 2020-042
The foregoing resolution was moved for adoption by Commissioner 0' Bryan
and seconded by Commissioner Solari , and, upon being put to a vote, the vote was
as follows:
Chair Susan Adams AYE
Vice -Chair Joseph E. Flescher AYE
Commissioner Bob Solari AYE
Commissioner Tim Zorc AYE
Commissioner Peter D. O'Bryan AYE
The Chair thereupon declared the resolution duly passed and adopted this 19`h day of
May, 2020.
ATTEST: Jeffrey R. Smith, Clerk of Court
and Comptroller
B
Approved as to form and legal sufficiency:
By:
Dylan Reingold, County Attorney
BOARD OF COUNTY COMMISSIONERS
OF INDIAN RIVER COU ► TLY i ORIDA
S-1
B
EXHIBIT A
FORM OF NOTICE OF REDEMPTION
A-1