R-83-432RESOLUTION N0. 432
RESOLUTION AWARDING $700,000 1982 WATER AND
SEWER REVENUE BOND ANTICIPATION NOTES AND
DESIGNATING THE PLACE OF PAYMENT FOR SAID BOND
ANTICIPATION NOTES.
WHEREAS, the City of Clermont, Florida (the "Issuer"),
has heretofore advertised for bids for the purchase of its reve-
nue bond anticipation notes hereinafter described; and
WHEREAS, the Issuer's City Clerk was present at the
Issuer's City Hall on the date and at the time specified in said
advertisement to receive, open and consider all bids submitted
for said revenue bond anticipation notes; and
WHEREAS, the bid of the Sun First National Bank
Clermont ~ Florida in the amount and bearing
interest as hereinafter stated, is the highest and best bid
received;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF
THE CITY OF CLERMONT, FLORIDA, as follows:
SECTION 1. $700,000 principal amount of the Issuer's
1982 Water and Sewer Revenue Bond Anticipation Notes are hereby
awarded to Sun ~ First National Barik ~ Clermont ~
Florida at the price, bearing interest at the rate and
subject to the terms and conditions stated in the bid of said
purchaser attached hereto as Exhibit A.
SECTION 2. The said notes shall be payable at Sun First
National Bank Clermont ~ Fl~ria'd'~
SECTION 3. This resolution shall take effect imme-
diately upon passage.
DONE AND RESOLVED BY THE CITY COUNCIL OF T~iL CITY OF CLERMONT, LAKE
COUNTY, FLORIDA THIS 13th day of June , 1983.
CITY OF CLERP40NT
Charles B. Beals, Mayor
ATTEST:
Wayne aunder, City Clerk