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HomeMy WebLinkAbout1982-099RESOLUTION NO. $2-3 �___ A RESOLUTION AWARDING A $5,825,900 WATER REVENUE BOND, SERIES 1980 (SOUTH COUNTY WATER SYSTEM), OF INDIAN RIVER COUNTY, FLORIDA, TO FARMERS HOME ADMINISTRATION AT NEGOTIATED SALE; AND PROVIDING AN EFFECTIVE DATE. BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA (the "Issuer"), as follows: SECTION 1. AUTHORITY FOR RESOLUTION. This resolution is adopted pursuant to Ch. 159, Fla. Stat. (1981), and other applicable provisions of law. SECTION 2. FINDINGS. It is hereby ascertained, deter- mined and declared that: A. On June 25, 1980, the Board of County Commissioners of the Issuer duly adopted a resolution (the "Resolution") authorizing the issuance of not exceeding $5,825,900 aggregate principal amount of Water Revenue Bonds, Series 1980 (South County Water System), of the Issuer (the "Bonds"), for the pur- pose expressed therein. B. Due to the characteristics of the Bonds and pre- vailing municipal bond market conditions, it is necessary, desirable and in the best public interest that the Bonds be sold at negotiated sale to the U. S. Department of Agriculture, Farmers Home Administration (the "Government"), at the price of par, bearing interest at the rate of 5% per annum, since such terms are substantially more favorable than the Issuer could reasonably expect to receive if the Bonds were sold at public sale. SECTION 3. AWARD OF BONDS. The Bonds are hereby awarded and sold to the Government at the price of par, bearing interest at the rate of 5% per annum, and shall be issued in the form of a single, fully -registered bond, payable in installments, as provided in the Resolution. SECTION 4. EFFECTIVE DATE. This resolution shall take effect immediately upon its adoption. -1- :a The foregoing resolution was offered by Commissioner Lyons who moved its adoption. The motion was seconded by Commissioner Bird and, upon being put to a vote, the vote was as follows: Chairman Don C. Scurlock, Jr. Aye Vice -Chairman A. Grover Fletcher Nay Commissioner Patrick B. Lyons Aye Commissioner William C. Wodtke, Jr. Aye Commissioner Dick Bird Aye The Chairman thereupon declared the resolution duly passed and adopted this 22nd day of September, 1982. Attests FREDA WRIGHT, Cl Jc APPROVED: ' TO F19R.14 AND.LEGA SUS'; �NCY By �/ GA.Y '. BRAND NBURG C �ynty Attorp4y BOARD OF COUNTY COt%LMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA ;By G DON C. SCUR OCK, JR. Chairman -2- D'7" CERTIFICATE OF RECORDING OFFICER The undersigned HEREBY CERTIFIES that: 1. S He is the duly appointed, qualified and acting Clerk of the Board of County Commissioners (herein called the " Board 11), and keeper of the records thereof, including the minutes of its proceedings; 2. The annexed copy of extracts from the minutes of the Special meeting of the Board held on the ZZnd day of Seprember. , 19 82 , is a true, correct, and compared copy of the whole of the original minutes of the meeting on file and of record insofar as the same relate to the resolution referred to in such extracts and to the other matters referred to therein; 3. The meeting was duly convened in conformity with all applicable requirements; a proper quorum was present throughout the meeting and the resolution hereinafter mentioned was duly proposed, considered, and adopted in conformity with applicable requirements; and all other requirements and proceedings incident to the proper adoption of the resolution have been duly fulfilled, carried out, and otherwise observed; and 4. S He is duly authorized to execute this Certificate; 5. The copy of the resolution annexed hereto entitled: Resolution No. 82-99 A Resolution awarding a $5,2825,900 water revenue bond, Series 1980 (South County Water System), of Indian River County, Florida, to Farmers Home Administration at negotiated sale; and providing an effective date. is a true, correct, and compared copy of the original resolution referred to in the extracts and as finally adopted at the meeting and, to the extent required by law, as thereafter duly igned or approved by the proper officer or officers of. the . which resolution is on file and of record. WITNESS my hand and the seal of the Clerk this day of September 19_$2• (SF,AI;;) EXTRACTS FROM THE MINUTES OF A Special MEETING OF THE Board of County Commissioners OF Indian River County, Florida HELD ON THE 22nd DAX OF September 19 82 The Board of County Commissioners of Indian River County, Florida met in _ SD ecial meeting at Administration Building in the City of Vero Beach Florida , at 7:00 o'clock P M. on the 22nd day of September 1982 , the place, hour, and date duly established for the holding of such meeting. The Chairman called the meeting to order and on roll call the following answered present: n; -1, R; vA 11nn 0 Rrnrl nrk .Tr A. Grover Fletcher Patrick B. Lyons , William C. Wodtke, Jr. and the following were absent: I The Chai4=Wai3 declared a quorum present. $WON A resolution entitled: RESOLUTION NO.82-99 A Resolution awarding a $5,825,900 water revenue bond. series 1980 (South County Water System), of Indian River County, Florida, to Farmers home Administration at negotiated sale; and providing an effective date. was introduced by MR. County Attorney Gary BrandPnhirru- The resolution was then read in full and discussed and considered. Mr. Lyons then moved the adoption of the resolution as introduced and read. Mr. Bird seconded the motion, and, on roll call, the following voted "Aye": Chni=nn Don C. Scurlock Jr. Commissioner Patrick B. Lyons Commi,gsioner Dick Bird Commissioner William C Wodtke,J and the following voted "Nay": Commissioner A. Grover Fletcher The Chairman thereupon declared the motion carried and the resolution adopted as introduced and read. There being no further business to come before the meeting, upon motion duly made and seconded, the meeting was adjourned.