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INDUSTRIAL DEVELOPMENT REVENUE BONDS FOR THE HILLEL CENTER (B)
A RESOLUTION OF THE CITY OF GAINESVILLE, FLORIDA PERTAINING TO THE ISSUANCE OF THE INDUSTRIAL DEVELOPMENT REVENUE BONDS REFERENCED BELOW IN COMPLIANCE WITH SECTION 103(a) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED; AUTHORIZING THE ISSUANCE OF THE CITY OF GAINESVILLE, FLORIDA INDUSTRIAL DEVELOPMENT REVENUE BONDS (GAINESVILLE HILLEL, INC. PROJECT), SERIES 2003, IN AN AGGREGATE PRINCIPAL AMOUNT NOT EXCEEDING $5,000,000, FOR THE PURPOSE OF MAKING A LOAN OF FUNDS TO GAINESVILLE HILLEL, INC. IN ORDER TO FINANCE OR REFINANCE THE ACQUISITION, CONSTRUCTION AND EQUIPPING OF A CERTAIN SOCIAL SERVICE CENTER FACILITY IN GAINESVILLE, FLORIDA; PROVIDING THAT SUCH REVENUE BONDS SHALL NOT CONSTITUTE A DEBT, LIABILITY OR OBLIGATION OF THE CITY OF GAINESVILLE, FLORIDA OR THE STATE OF FLORIDA OR ANY POLITICAL SUBDIVISION THEREOF, BUT SHALL BE PAYABLE SOLELY FROM THE REVENUES HEREIN PROVIDED; APPROVING AND AUTHORIZING THE EXECUTION AND DELIVERY OF A LOAN AGREEMENT WITH GAINESVILLE HILLEL, INC. TO PROVIDE SECURITY FOR SUCH BONDS, AND FOR OTHER MATTERS THEREIN PROVIDED; APPROVING AND AUTHORIZING THE EXECUTION AND DELIVERY OF AN INDENTURE OF TRUST; APPOINTING SUNTRUST BANK AS INITIAL TRUSTEE THEREUNDER; AUTHORIZING THE MAYOR OR MAYOR-COMMISSIONER PRO TEMPORE TO AWARD THE SALE OF THE BONDS TO THE PURCHASER OR PURCHASERS DESIGNATED BY THE NORTHERN TRUST COMPANY AND APPROVING THE CONDITIONS AND CRITERIA OF SUCH SALE; APPROVING THE FORM OF AND AUTHORIZING THE EXECUTION AND DELIVERY OF A PLACEMENT AND REMARKETING AGREEMENT AND DESIGNATING THE NORTHERN TRUST COMPANY AS THE INITIAL REMARKETING AGENT AND MAKING CERTAIN OTHER APPOINTMENTS; APPROVING THE FORM OF A LETTER OF CREDIT TO SECURE THE BONDS; APPROVING THE FORM AND AUTHORIZING THE EXECUTION OF A TAX REGULATORY AGREEMENT; APPROVING AND AUTHORIZING THE EXECUTION AND DELIVERY OF CERTAIN OTHER DOCUMENTS REQUIRED IN CONNECTION WITH THE FOREGOING; AND PROVIDING CERTAIN...
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