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File #:
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RES. NO. 2024-24
Version:
1
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Name:
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VOTI Project Revenue Improvement Bond
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Type:
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Resolution
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Status:
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Passed
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On agenda:
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10/22/2024
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Final action:
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10/22/2024
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Title:
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A Resolution of the City Council of the City of Venice, Florida Providing for the Issuance of Not to Exceed $90,000,000 in Aggregate Principal Amount of its Retirement Community Revenue Improvement Bonds in one or More Tax-Exempt and Taxable Series for the Principal Purpose of Loaning the Proceeds Thereof to Southwest Florida Retirement Center, Inc. D/B/A Village on the Isle to Finance and Refinance Certain Costs Related to the Acquisition, Construction and Equipping of Various Capital Improvements to Existing Continuing Care Retirement Facilities; Providing for Certain Rights of the Owners of Such Bonds and for the Payment Thereof; Making Certain Other Covenants and Agreements in Connection with the Issuance of Such Bonds; Authorizing a Delegated Negotiated Sale of Such Bonds to the Underwriter Referred to Herein; Authorizing the Execution and Delivery of an Indenture of Trust, Loan Agreement, Bonds, Purchase Agreement and All Other Related Agreements and Instruments Including, Withou...
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Title
A Resolution of the City Council of the City of Venice, Florida Providing for the Issuance of Not to Exceed $90,000,000 in Aggregate Principal Amount of its Retirement Community Revenue Improvement Bonds in one or More Tax-Exempt and Taxable Series for the Principal Purpose of Loaning the Proceeds Thereof to Southwest Florida Retirement Center, Inc. D/B/A Village on the Isle to Finance and Refinance Certain Costs Related to the Acquisition, Construction and Equipping of Various Capital Improvements to Existing Continuing Care Retirement Facilities; Providing for Certain Rights of the Owners of Such Bonds and for the Payment Thereof; Making Certain Other Covenants and Agreements in Connection with the Issuance of Such Bonds; Authorizing a Delegated Negotiated Sale of Such Bonds to the Underwriter Referred to Herein; Authorizing the Execution and Delivery of an Indenture of Trust, Loan Agreement, Bonds, Purchase Agreement and All Other Related Agreements and Instruments Including, Without Limitation, a Tax Agreement; Authorizing the Distribution of a Preliminary Official Statement and a Final Official Statement in Connection with the Sale of the Bonds; Providing for Other Miscellaneous Matters in Connection with the Foregoing; and Providing an Effective Date for this Resolution
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