Resolution 049-1993
RESOLUTION NO.
049
-1993
A RESOLUTION AMENDING A RESOLUTION OF THE BOARD OF
COUNTY COMMISSIONERS OF MONROE COUNTY, FLORIDA,
ENTITLED:
"A RESOLUTION FIXING THE DATE, MATURITY SCHEDULE,
INTEREST RATES, INTEREST PAYMENT DATES, REDEMPTION
PROVISIONS AND BOND REGISTRAR, PAYING AGENT, ESCROW
HOLDER AND CUSTODIAL TRUSTEE WITH RESPECT TO
$1,185,000 REFUNDING IMPROVEMENT REVENUE BONDS,
SERIES 1993, OF MONROE COUNTY, FLORIDA; AWARDING
THE BONDS AT NEGOTIATED SALE TO THE PURC~ER;
APPROVING THE FORM AND DISSEMINATION OF oTHE
OFFICIAL STATEMENT FOR THE BONDS; APPROVIN~TH~
FORM OF ESCROW DEPOSIT AGREEMENT; CANCEL~~
AUTHORIZATION FOR THE ISSUANCE OF THE BALANC~9F~
THE BONDS; AUTHORIZING ALL OTHER NECESSARY AC~~~
IN CONNECTION WITH THE ISSUANCE OF THE BONDS; ~ ~
PROVIDING AN EFFECTIVE DATE." :-< '0 ~
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DULY ADOPTED ON JANUARY 13, 1993, BY CORRECTIN~'A ~
TYPOGRAPHICAL ERROR IN THE BOND MATURITY SCHEDU~;
AND PROVIDING AN EFFECTIVE DATE. ;:;
BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF
MONROE COUNTY, FLORIDA:
SECTION 1. AUTHORITY FOR THIS RESOLUTION. This
resolution is adopted pursuant to Sections 215.84 and 218.385,
Florida Statutes, and other applicable provisions of law.
SECTION 2. FINDINGS.
determined and declared that:
It is hereby ascertained,
A. The Board of County Commissioners of Monroe County,
Florida (the "Governing Body"), on January 13, 1993, duly adopted
a resolution entitled:
"A RESOLUTION FIXING THE DATE, MATURITY SCHEDULE,
INTEREST RATES, INTEREST PAYMENT DATES, REDEMPTION
PROVISIONS AND BOND REGISTRAR, PAYING AGENT, ESCROW
HOLDER AND CUSTODIAL TRUSTEE WITH RESPECT TO
$1,185,000 REFUNDING IMPROVEMENT REVENUE BONDS,
SERIES 1993, OF MONROE COUNTY, FLORIDA; AWARDING
THE BONDS AT NEGOTIATED SALE TO THE PURCHASER;
APPROVING THE FORM AND DISSEMINATION OF THE
OFFICIAL STATEMENT FOR THE BONDS; APPROVING THE
FORM OF ESCROW DEPOSIT AGREEMENT; CANCELLING
AUTHORIZATION FOR THE ISSUANCE OF THE BALANCE OF
THE BONDS; AUTHORIZING ALL OTHER NECESSARY ACTION
IN CONNECTION WITH THE ISSUANCE OF THE BONDS; AND
PROVIDING AN EFFECTIVE DATE."
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(the "Resolution).
B. It is necessary and desirable
Resolution by correcting a typographical error
maturity schedule.
to amend the
in the bond
SECTION 3. AMENDMENTS TO RESOLUTION. Section 3 of the
Resolution is hereby amended to read as follows:
"SECTION 3. REMAINING FISCAL DETAILS FOR BONDS. The
date, maturity schedule, interest rates, interest payment dates
and redemption provisions for. the Bonds shall be as set forth
below.
The Bonds shall be dated January 1, 1993, and bear
interest payable on July 1, 1993, and semiannually thereafter on
January 1 and July 1 of each year.
Bonds in the aggregate principal amount of $1,185,000
shall be issued as serial bonds, shall bear interest at the rates
per annum and shall mature on July 1 in the years and amounts as
follows:
Interest Interest
Year Amount Rate Year Amount Rate
1993 $105,000 2.40% 1997 $180,000 4.30%
1994 165,000 3.10 1998 190,000 4.50
1995 170,000 3.70 1999 200,000 4.75
1996 175,000 4.10
The Bonds or portions thereof are not subject to
redemption prior to their respective stated dates of maturity, at
the option of the Issuer."
SECTION 4. SEVERABILITY OF INVALID PROVISIONS. If any
one or more of the provisions contained in this resolution shall
be held contrary to any express provision of law or contrary to
the policy of express law, though not expressly prohibited, or
against public policy, or shall for any reason whatsoever be held
invalid, then such provisions shall be null and void and shall be
deemed separable from the remaining provisions, and shall in no
way affect the validity of any of the other provisions hereof.
SECTION 5. REPEALING CLAUSE. All resolutions or parts
thereof of the Governing Body in conflict with the provisions
contained in this resolution are, to the extent of such conflict,
hereby superseded and repealed.
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3247/MON59008/AE2
SECTION 6. EFFECTIVE DATE. This resolution shall take
effect immediately upon its adoption.
Passed and adopted by
of Monroe County, Florida, at
January 26, 1993.
the Board of County Commissioners
a special meeting of the Board on
MONROE COUNTY, FLORIDA
Ibo..LLl c. Nv~
Clerk, Board of C6unty
Commissioners
By
(SEAL)
ATTEST: DAlf.Ny~,~OLHAGE,C~rk
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3247/MON59008/AE2