File #: RES. NO. 2016-19    Version: 1 Name: Resolution
Type: Resolution Status: Passed
File created: 6/6/2016 In control: City Council
On agenda: 6/14/2016 Final action: 6/14/2016
Title: A Resolution of the City of Venice, Florida Approving, Following a Public Hearing, the Issuance of not to Exceed $3,850,000 Educational Facilities Revenue Refunding Bonds (Island Village Montessori Charter School Project), Series 2016 (the "Bonds") and the Refinancing of an Educational Project Pursuant to Section 147(f) of the Internal Revenue Code of 1986, as Amended; Authorizing the Bonds for the Purpose of Providing Funds to Island Village Montessori Charter School, Inc., in Order to Refinance Outstanding Indebtedness and to Pay a Portion of the Costs of Issuing the Bonds; Approving the Form of and Authorizing the Execution of a Bond Purchase and Loan Agreement and Related Documents to Secure the Bonds; Awarding the Sale of the Bonds by a Negotiated Sale to Wells Fargo Bank, National Association; Approving the Form of the Bonds and the Note; Authorizing the Execution and Delivery of an Interlocal Agreement with Sarasota County, Florida; Authorizing Officials of the Issuer to Take Ce...
Attachments: 1. Resolution with Exhibits, 2. Affidavit of Publication, 3. Public Meeting Certificate

Title

A Resolution of the City of Venice, Florida Approving, Following a Public Hearing, the Issuance of not to Exceed $3,850,000 Educational Facilities Revenue Refunding Bonds (Island Village Montessori Charter School Project), Series 2016 (the "Bonds") and the Refinancing of an Educational Project Pursuant to Section 147(f) of the Internal Revenue Code of 1986, as Amended; Authorizing the Bonds for the Purpose of Providing Funds to Island Village Montessori Charter School, Inc., in Order to Refinance Outstanding Indebtedness and to Pay a Portion of the Costs of Issuing the Bonds; Approving the Form of and Authorizing the Execution of a Bond Purchase and Loan Agreement and Related Documents to Secure the Bonds; Awarding the Sale of the Bonds by a Negotiated Sale to Wells Fargo Bank, National Association; Approving the Form of the Bonds and the Note; Authorizing the Execution and Delivery of an Interlocal Agreement with Sarasota County, Florida; Authorizing Officials of the Issuer to Take Certain Action in Connection with the Issuance of the Bonds; Making Certain other Covenants and Agreements in Connection with the Issuance of the Bonds; and Providing an Effective Date