Ordinance 2010-348 - Laserfiche WebLink

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Exhibit A FORM OF 2010 BOND No. R- CITY OF SUNNY ISLES BEACH, FLORIDA Stormwater Utility Revenue Bond, Series 2010 4.02% Maturity Date JULY 1,2025 Dated Date Interest Rate Registered Owner: Branch Banking and Trust Company Principal Amount: $3,500,000 KNOW ALL MEN BY THESE PRESENTS, that the City of Sunny Isles Beach (the "City") in Miami-Dade County, Florida, for value received, hereby promises to pay from the sources herein mentioned, to the Registered Owner specified above or registered assigns on the Maturity Date specified above or earlier upon mandatory repayment of principal as provided below, upon the presentation and surrender hereof at the City's Finance Department or (if so determined by the City) the designated trust office of the bank or trust company appointed by the City to act as paying agent (said City's Finance Department or such bank or trust company and any bank or trust company becoming successor paying agent being herein called the "Paying Agent"), the Principal Amount of $3,500,000 with interest thereon at the Interest Rate specified above (subject to adjustment as set forth in Section 2.7 of the Ordinance mentioned below) calculated on the basis of a 360-day year consisting of twelve 30-day months, on each Payment Date (as defined in the Ordinance) in the manner specified in the Ordinance to the registered owner. The Principal Amount and accrued interest thereon is payable in any coin or currency of the United States of America, which, on the date of payment thereof, shall be legal tender for the payment of public and private debts. This Bond is authorized to be issued in a principal amount of $3,500,000 under the authority of and in full compliance with the Constitution and statutes of the State of Florida, including, particularly, Chapter 166, Florida Statutes, as amended and supplemented, the Charter of the City of Sunny Isles Beach, Florida, as amended and supplemented, and other applicable provisions of law (the "Act"), and Ordinance No. 2010-~ duly enacted on ~Io\I..Y ~ 7 _,2010 (as the same may be amended from time to time, and every supplementary ordinance or other ordinance in lieu thereof as may thereafter be adopted, the "Ordinance"), and is subject to all terms and conditions of the Ordinance. Any term used in this Bond and not otherwise defined, shall have the meaning ascribed to such term in the Ordinance. It is hereby certified and recited that all acts, conditions and things required to exist, to happen, and to be performed, precedent to and in the issuance of this Bond exist, Auth. the Issuance of a Storm water Utility Rev. Bond 1 Series 2010 $3,500,000 MIA 181,312,776v4 7-8-10