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Home My WebLink About1980-010p... USDA-Ftn11A Form 1nil1A 41147 (Rev. 7.3041) Posirioll 5 LOAN IM,IN01_(11.10N 80-10 (1'nhhc Bodiesl BOARD A twsi�l.r_Ir1oN ur• 1III ............. ...._........... s ass. ............... ... _......... TDTAN RIVER COUNTY COMM1 ;S -10N 01'1'111: ..........N'....................................... _ ............ ....... .... ..... _....... ...... . _................................. A1;f1IMIZiNC ATN" PROVIDING (tilt '1'Ia. 1N:IfRilVINCE OF INItl.I'T; i%`:r`,S F(ut '1111: PRuv111in(> A P(►R1'ION UF'f111i(,US'I'U1'Ai.'I)UIRINti,l'ttNlfRUI'l'IKi., I \I AI:GI\t.,l\li'Itt.tbl'�C. 1`�It .!;: EXTENDING ITS ••South Counpytrx Water_ _... 1 A('II ffYTOSEtcVI; AN At AOc rd OLI oun yt�Cununits ±ionort; lith Tlndian Rlvcr WNF.RGAS, it is necessary for the County, Florida ............................................................................................... (11u61ic nudy) (herein alter called association) to raise a portion of the cost of such undertaking, by issuance of its hoods in the principal $6,325.840 amount of ._..._ ...'._..............._....... _............. _............. ............ _.._..... ... .................... _......................... I.._ ......... .._....... pursuant to the provisions of •••fitdt utBa ... 119.25.) .................. WHEREAS, the association intends to obtain assistance from the Farmers Ilome Administration, United SldtCA 11r, artna•nt of Agriculture, (herein called the Government) acting under lite provisions of the Consolidated Farm and Rural D:selopm.: nt Act (7 U.S.C. 1921 et seq.) in the planning, financing, and supervision of such undertaking and to p irchasiug of hnn,:s lawfully issued, In the went that no other leceptable purchaser for such bonds is found by the association: NOW THE.Mil"ORE, in consideration of the premises the association hereby resolves: I. To have prepared on Its behalf and to adopt an ordinance or resolution for she issuance of its bonds wild voehiinic�- such items and in such forms as etre ,equir,rd by STATE statutes and as are agreeable and acceptahie ill tin. Government. 2. 'I'll refinance the unpaid balance, in Whole of in pall, of is bonds upon the request of till- Covcrnnt:nt II : l any little it dull apI*:al III lite, Givemutnutt that the asociAltin i, a!rle to whilince its b;vuls b) .-bt.tinia: .t 1-1.1 for such purpose, Plato responsible a•( i+r:-ttve at pri`.at: >nUtce; at teas nubl,::ata and kraus io: bans In: .cods, - purposes and I.:rinds of Inure .1% tequind ii) s clirnt ?31(C) mf said Consolidat;:d 1 rim alid Rut.d DeveloPm:nt Act (7 ILS.f • 1')`.4',(x))• 3. To ptrivide for, execule, and ccnmiily with Font; I:r;:IA 100.1, " Nondiw6mirali, n Agreement"; and Frrni ioIIA 400.1 ••foual Appoitunity ,1;; :nr nt", in,h,dn!: re, •'f:i:re: tttiprntu-tit) Cl:ut.c" sshii i • 1.111,I- h to b.• tri• corporated in, of attached as 9 rid•:r to, c;,ch umstn,rh•rti cowtael :aid sobc,.,attart invobro;; int r%.,eis .,f 4. 'ho indenutif; the Ctivenancnl fut anyp:rynients I1a+4. or los. •. •,uffrre; by Il.e G.%euuticul ;,•t 1n h.,U ill It': associalion. .. Th:,t upon d,-f:r-;t is the payu`ents of any prinrip:0 n•I ;;ecru, d intr,rst out the hor'nts,n :r. lit- covenant or agreeuuent cont3incd herein or in Ill• imtnnnents incident to nuking or imurrtn-, the loan. Ilia: (;www ment, at its option nay (a) declare the catur prntcy,il amount then oulst.tn,!ing and a xiutJ imteics' iaimed .,i;! due 2114 payahb:, (b) for the 8CCO11111 of the aSWciation incur and p y rea}onable rxpN ll`•e5 fon :epnir, m rano n: n and operation of the facility and such other reasunalile expenses as may be necessary to :tire the cause ,•f den., cit, and/or (c) take possession of the facility, repair, mrntain, and operate or tent it Default under lite pittvist„ns w this Resolution of illy it:sittrnienl illcm:cnt to tier n,akirn; or msunng of tine loan may he construed b,- tit,• Gn.;vn. utent to constitute default under any other imuunivrit held by the Gnvernincni and exctuted of assumed by 111< a>saciation, and default under any such initnument ;may he cvnsiturd by the C -content to coililitul,• def:nit hereunder. G. Not to sell, transfer, lease, or otherwise eocuntbar the facilit": or any portion theteJ, or interest therein, not prmrii Miters to do so, without the prior written consent of the Government. 7. Not to borrow :illy money from any source, enter into any contract or Z rcemrnt, or incur .illy other h.Citlni •: m connection with nuking enlagiements, imprui•em,•nts or extemutns to, or for any other pmprv: in c.,firvilwn with, the facility (exclusive of normal maintenance) without die prior smitten consent of tlr: Coiernnunt. R. To place the proceeds of the binds on dcpnsil in an account, !it a batik, and in a manner appt,r:•ed by the G;,vero r•or FoillA d1'471 Rt v. 7-10 "iii 9. To comply with all applies: le State and Federal laws and regulations and to continually operate and maintain the facility hr good condition. 10. To provide for Uie lacaipt of adequate leventi" it) meet the lc, l Ilitenicnts of deft selvi cc, oIVl anion and Irn+i i l le trance, • and the establishment of aJegtale teserves. No free service or use of ilia facility will he pr.rmitied. 11. To acquire and nninlain such Insurance coverage including fidelity honds as may he required by the Gowinni:nt. 12. 7b est.•Iblisli and utaintj:n such hooks and records reladne. ht the llll;retion of the lacility and its l ntneial atrairs and to provide for required audit thereuf 111 such a Inallner as play hd leguiled by :h: (;"%e 11111cnt, In p:os'ide Nile ® I Government without its request, a copy of cath Such alldit, and to Inake and fuiwaid to 11w Government %rich additional information and relwrts as it may from time to lmlr iequiie. 13. To provide the Government at all reasonable lines access to all books and ircords relmin? hl 11w f. ohiy and i acct's1 to Uia property of Ula system so that tile, Guverunent nl:,y :rcerialn that the 3ss+Iciati0n is conlllying willt • j the provisions hereof and of IIIc Instruments incident to the making or insnriug of the loan. J 14. To serve any applicant within the service area who de,iics service and can 1w feasibly and legally surd, , nd to obtain the concurrence of the Farmers Hoole Administration privi to Icmn ini; selvicc to such applicant ill on tl,o failure to provide su.11 servicewhichis feasible ;Ir.d legal such applicr-t shad h.l:c it direct right of action age!inst A tine a%nictation under this agreeneal. TIIC pinll}I411Y hl'I alf and tele vrovisiuns of all instruments incident til :he nmkinv,, or ilia insuring of the roan, unirs; oth;nvee :I -critically ptovided by the tun is of SlIJI inrtrrlucuts• shall he binding upon the associr,lion as long ac dw honk me held Of insured by the Government. She provisions of sections G throtyli 13 hereof may lie provided for in more giLJl°•; detail in the bond lesolation or ordinance; to the extent tial the provisions contained in such h�md resolution or oldinancz should be found to he incons:steltt with Tile ploAsi.rns hence(, these pu+vimons shall be con%trw:d at conbolling as betv,eru Ill..- association ll.:association and the Government. The vote was: Yeas ._.J.......; Nays -•-•••••-•---- ; Absent ................ . INWITNIiSS WWI;RWI:, the...-.ChBirmata.................... ...................._...................._......_................................ of fill. Hoard of Count Commissionera ......._................................_......__........._.._...»._...._._..._......_._.._......__... has duly adopted this Resolution and aa�rd it to be executed by the offcel, below in duplicate ou this --.9th (lay of ------•--• Ja nary.............. _ .. , 1:) $�-• . BOARD OF COUNTY COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA _............................ ...... ................-.. . (9:AL) BY ....fes/�.i �� bbl ��i Chairman Altssst: ^� 1'itic ........ _..------------------ --- ---- _--- ------------ ---- -- . ........ Freda Wright T'ille •-- G1Sr1S...__.........__.._....... .._............ ................ CERTIFICATION 1, the .- ............. c,irtrr.. 13Li1i�..!1f... hereby certify that ih.o •---.._tiQax.Gl._..._.._..._...._..._.._...... ._..._.._................... of such Associativn is omvp„ied +11 .......nlenlbcls, of whorl --••••••—.......... , cut.vitutme it quota nl, sten, present at a meeting the enf duly c:i,lcd and heli or. tile — ....... day 11 --.._.. J417.S�d[Y..............._.. t t $.�.-- : that Ula fo'c, nine• le>ol:tion was 0(li'led : t such onetime h;lila vo:c ihuwn above;aml that said lesolutino lr„s i.ot Peen tesciude.l or amended tit any %,ay Dated, this •...9.th............. day of__....r18]ltldzy....._.._.......... ..... ............._.._. *U.S. G.P.O. 1975•br-4-Gn4y1772 MG.tG L'hrllr a n l�i �t