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Ordinance 2002-162
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Ordinance 2002-162
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Last modified
8/19/2013 4:13:28 PM
Creation date
1/25/2006 4:41:03 PM
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CityClerk-Ordinances
Ordinance Number
2002-162
Date (mm/dd/yyyy)
10/10/2002
Description
Negotiate $18.5 Million Loan from Fla. Municipal Loan Counci
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<br />(f) An opinion (addressed to the Council, the Trustee, the Bond Insurer and the <br />Borrower) of Bond Counsel to the effect that such financing, refinancing or reimbursement with <br />Loan proceeds is permitted under the Act, the Indenture and the resolution authorizing this Loan <br />Agreement and will not cause the interest on the Bonds to be included in gross income for purposes <br />of federal income taxation or adversely affect the validity, due authorization for or legality of the <br />Bonds; and <br /> <br />(g) Such other certificates, documents, opinions and information as the Council, the Bond <br />Insurer, the Trustee or Bond Counsel may require, such requirement to be evidenced (in the case of <br />parties other than the Trustee) by written notice of such party to the Trustee of such requirement. <br /> <br />All opinions and certificates shall be dated the date ofthe Closing. <br /> <br />19 <br />
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