R-81-367No. 367
RESOLUTION AWARDING $1,700,000 WATER AND SEWER
REVENUE BOND ANTICIPATION NOTES, SERIES 1960
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 met on the date and at
the time specified in said advertisement to open and consider all
bids submitted for said revenue bond anticipation notes; and
WHEREAS, the bid of the Sun First National Bank ,
in t e amount an earing
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 followss
SECTION 1. $1,700,000 principal amount of the Issuer's
Water and Sewer Revenue Bond Anticipation Notes, aeries 1960, be
and the same are hereby awarded to Sun First National Bank ,
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 , Leesburg , Florida -. ^~
SECTION 3. This resolution shall take effect imme-
diately upon passage.
DONE AND RESOLVED BY THE CITY COUNCIL OF THE CITY OF
CLERMONT, LAKE COUNTY, FLORIDA THIS 24 DAY OF MARCH, 1981.
CITY OF CLERMONT
ATTEST:
Sandra O. P.ozar, C. Clerk
es M. Hoskinson, Mayor