Resolution 047-1967
RESOLUTION NO.
47 -1967
WHEREAS, the Board of County Commissioners of Monroe County,
Florida has previously entered into a contract with Goodbody & Company,
of Miami, Florida, for the sale and purchase of certain proposed
$2,600,000 bridge revenue bonds, in the event said bonds are validated,
and
WHEREAS, said Board desires to rescind said contract and enter
into a Fiscal Agent Agreement with said Goodbody & Company concerning
the issuance, marketing, signing, delivery and other services required
in the sale and purchase of said bonds, now, therefore,
BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS
OF MONROE COUNTY, FLORIDA, that the contract previously entered
into between said Board and Goodbody & Company, of Miami, Florida,
for the sale and purchase of certain proposed $2,600,000 bridge revenue
bonds, be, and the same is hereby rescinded, cancelled, and of no fur-
ther force and effect.
BE IT FUR THER RESOLVED BY SAID BOARD that the Fiscal
Agent Agreement dated September 12, 1967, for the financing of the pro-
posed Card Sound Bridge, submitted by Goodbody & Company, of Miami,
Florida, copy of which is attached hereto and made a part hereof, be,
and the same is hereb y accepted and approved, and shall constitute a
contract between said Board and said company.
BE IT FURTHER RESOLVED BY SAID BOARD that the Clerk of
said Board be, and he is hereby authorized to forward a certified copy of
this Resolution to the said Goodbody & Company, of Miami, Florida.
Dated September 27th, 1967.
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H ME OFFICE
55 BROAD ST EET, NEW YORK. N. Y. 1000"
AREA CODE 305
TELEF'HONE 374-9061
,,-
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t'
.JAM~S L. HOOPES
"olI!~ii.
GOOO&\OOY & CO.
SENIOR MANAGER
. ,.\l;
ESTABLISHED 1891
ME BERS
NEW YORK SOCK EXCHANGE
NO
OTHER PRI CIPAL STOCK
AND COMMa ITY EXCHANGES
1
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September 112, 1967
WILLIAM AALTORK
M"NAG.ER
100 BISCAYNE BOULEVARD, NORTH.
MIAMI, FLORIDA 33132
Honorable Mayor and Members of the Monroe C unty Commissidn
Monroe County Court House
Key West, Florida
Gentlemen:
In order to p:rtoceed with the financing for the prqposed Card Sound Bridge,
we would_like to enter into the following fiscal a~ency agr~ement with you:
We wi;l perform all services necessary to prepale these bonds for sale
under the following terms and conditions: I
!
1. We will agree to pay all necessary expenses! involved in bringing the
proposed bonds to market including attorney's fees,..printing of blank
bonds, cost of signing and delivery, preparation of Official Statement,
Notice of Sale, advertising and costs of validation.
2. We will use our best efforts to obtain bids folt" the bonds at not less than
their ,par value and accrued interest from da', e of isoue for bfnds which
will carry an interest rate not to exceed 5% .' s soon as may ~e after
pl~n9" and specifications for the constructioniare completed. i The ob-
ligation of the purchaser to take delivery of . e bonds is subjbct to the
following: That upon delivery of the bonds t !e Purchaser sh~ll receive
the unqualified approving opinion of Nixon, 1\1udge, Rose, Guthrie &
Alexander as to the validity of the bonds and ~heir approving opinion
shall contain a recital that the interest income from the bonds is ex-
empt from all present Federal income taxes.'
3. It is understood and agreed that for our services and expense!s you will
pay us out of the pro~eeds from the sale of tq\e bonds to the s"\J.ccessful
purchaser a fee of 5% of the par value of the l' mount of bonds I actually
issued and sold. It is further understood tha Monroe Countyi will not
be liable for any of the expenses involved in' is financing. ,
Y Qur acceptance of this proposal by resolution shall constitute a contract
between us as outlined above.
Yours very truly,
CTM:jf
GOODB.o.pY &1 ~,
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By: l '
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