A RESOLUTION OF THE VILLAGE OF PINECREST, FLORIDA, AUTHORIZING THE ISSUANCE OF ITS REFUNDING REVENUE BOND, SERIES 2014 IN THE PRINCIPAL AMOUNT OF NOT TO EXCEED $2,100,000 TO REFUND AN OUTSTANDING LOAN, AS MORE FULLY DESCRIBED HEREIN; AUTHORIZING THE PRIVATE NEGOTIATED SALE OF THE BOND TO TD BANK, N.A. PURSUANT TO THE TERMS AND CONDITIONS OF A LOAN AGREEMENT BY AND AMONG THE FLORIDA MUNICIPAL LOAN COUNCIL, THE VILLAGE OF PINECREST, FLORIDA AND TD BANK, N.A.; APPROVING THE EXECUTION AND DELIVERY OF SAID LOAN AGREEMENT; MAKING SUCH DETERMINATIONS AS ARE REQUIRED TO AFFORD THE BOND "BANK QUALIFIED" STATUS; PROVIDING CERTAIN OTHER MATTERS IN CONNECTION WITH THE ISSUANCE OF THE BOND; AND PROVIDING AN EFFECTIVE DATE.

Committee

Village Council

Introduced

February 5, 2014

On agenda

February 11, 2014