HomeMy WebLinkAbout1981-027RESOLUTION NO. 81-27
A RESOLUTION AMENDING RESOLUTION NO. 79-•1
DULY ADOPTED ON JANUARY 4, 1979, BY THE
BOARD OF COUNTY COMMISSIONERS OF INDIAN
RIVER COUNTY, FLORIDA, ENTITLED:
"RESOLUTION PROVIDING FOR THE ACQUISITION,
CONSTRUCTION AND ERECTION OF' EX`T'ENSIONS
-AND IMPROVEMENTS TO THE WATER AND SEWER
SYSTEM OF INDIAN RIVER COUNTY_ FLORIDn;
AUTHORIZING THE ISSUANCE BY THE COUNTY
U F NOT EXCEEDING $236,000 WATER AND SEWER
REVENUE BONDS, SECOND SERIES 1979; TO
FINANCE A PART OF THE COST THEREOF; PLEDGING
THE GROSS REVEedUES OF SAID SYSTEM, TO SFCURE
PAYMENT OF THE PRINCIPAL OF AND INTEREST ON
THE BONDS; AND PROVIDING FOR THE RIGHTS OF
THE HOLDERS OF THE BONDS."
t:
TO MORE PARTICULARLY DESCRIBE THE SYSTEM; AND
PROVIDING AN EFFECTIVE DATE.
BE IT RESOLVED BY THE BOiRD OF COUNTY COMMISSIONERS
(hereinafter. called "Board") OF INDIAN RIVF_.R COUNTY, FLORIDA,
that:
SECTION I. AUTHORITY FOR THIS RESOLUTION. This resolu-
tion is adoptec3 ni,r --a to C;. 159, Fia. Stat. (1979), and other
applicable provisions of law.
SECTION 2. FINDINGS. It is hereby ascertained, deter-
mined and declared that:
A. The Board heretofore duly adopted on January 4,
1979; Resolution; No. 79-1 entitled:
"RESOLUTION PROVIDING FOR THE ACQUISITION,
CONSTRUCTION AND ERECTION OF EXTENSIONS
AND IMPROVEMENTS TO THE WATER AND SEWER
SYSTEM OF INDIAN RIVER COUNTY, FLORIDA;
AUTHORIZING THE ISSUANCE BY THE COUNTY OF
NOT EXCEEDING $236,000 WATER AND SEWER
REVENUE BONDS, SECOND SERIES 1979, TO
FINANCE A PART OF THE COST THEREOF; PLEDGING
THE GROSS REVENUES OF SUCH SYSTEM TO SECURE
PAYMENT OF THE PRINCIPAL OF ANI) INTEREST ON
THE BONDS; AND PROVIDING FOR THE RIGH'T'S OF
THE HOLDERS OF THE BONDS."
(hereinafter called "Resolution").
B. It is necessary and desirable to amend the
Resolution to more particularly describe the System, as defined
in the Resolution.
SECTION 3. AMENDMENT TO RESOLUTION. The definition of
"System" contained in Section 1.01 of the Resolution is hereby
amended to read as follows:
to 'System' Shall mean the complete water and sewer system,
more commonly known as the Gifford facility, acquired, extended
and improved with the proceeds of the sale of the Parity
Obligations, together with any and all improvements, extensions
and additions thereto specifically made a part thereof, hereafter
constructed or acquired."
SECTION 9. REPEALING CLAUSE. All resolutions or parts
thereof of the Board in conflict with the provisions herein con-
tained are, to the extent of such conflict, hereby superseded and
repealed.
SECTION S. EFFECTIVE DATE. This resolution shall take
effect immediately upon its adoption.
Adopted May,16, 1981.
I30ARD OI' CQUNTY COMMISSJONERS OF
INDIAN V R COUNTY, FLORTDA
Patrick y n airman
ATTEST:
/1
Freda Wriyh Clerk -`