A RESOLUTION OF THE VILLAGE OF PINECREST, FLORIDA, AUTHORIZING THE ISSUANCE OF ITS CAPITAL IMPROVEMENT REVENUE BOND, SERIES 2015 IN THE PRINCIPAL AMOUNT OF NOT TO EXCEED $6,000,000 TO FINANCE THE ACQUISITION AND CONSTRUCTION OF CERTAIN CAPITAL IMPROVEMENTS, AS MORE FULLY DESCRIBED HEREIN; AUTHORIZING THE PRIVATE NEGOTIATED SALE OF THE BOND TO REGIONS BANK PURSUANT TO THE TERMS AND CONDITIONS OF A LOAN AGREEMENT BY AND AMONG THE FLORIDA MUNICIPAL LOAN COUNCIL, THE VILLAGE OF PINECREST, FLORIDA AND REGIONS BANK; 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 4, 2015

On agenda

February 10, 2015