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JCC( 11 P!,CC 214 <br />N <br />in Lee County for Sherwood Refractories, Inc. (the "Company"), on June 20, <br />1983. <br />The Chairman stated further that the purchaser of the Bonds, <br />Federated Tax-Free Trust, had, since the adoption of the foregoing resolution, <br />decided not to purchase the Bonds. <br />The Chairman then advised the Board that Municipal Fund for <br />Temporary Investment, or its nominee had offered to buy the Bonds and the <br />Authority was planning to reconsider the authorization of the issuance of <br />$5, 500, 000 industrial revenue bonds and the execution and delivery of.financing <br />documents pertaining to the financing of the project for the Company. <br />Commissioner John R. Dossenbach, Jr. then introduced the <br />following resolution which was read at length: <br />:WHEREAS, the Board of County Commissioners has <br />adopted a resolution approving the issuance by The Lee County <br />Industrial Facilities and Pollution Control Financing . . <br />Authority (the "Authority") of $5, 500, 000 industrial development <br />revenue bonds (the "Bonds"); and <br />WHEREAS,, the Authority adopted a bond resolution <br />authorizing the issuance of the Bonds and the execution and <br />delivery of financing documents pertaining to the financing <br />of the acquisition, construction and installation of an indust- <br />rial facility in Lee County and plans to reconsider the reso- <br />lution at its meeting scheduled to be held on August , <br />1983; and <br />WHEREAS, since the adoption of the foregoing <br />resolution by the County and the Authority, Federated Tax- <br />Free Trust decided not to purchase the Bonds and Municipal <br />Fund for Temporary Investment had offered to purchase the <br />Bonds; <br />NOW, THEREFORE, BE IT RESOLVED by the Board <br />of County Commissioners of the County of Lee as follows: <br />(1) The adoption of.the resolution by the Board on June <br />20, 1983 is hereby reaffirmed, except that the Purchaser is <br />hereby acknowledged to be Municipal Fund for Temporary Invest- <br />ment and the Bond Purchase Agreement will be entered into by <br />the Authority, TRW, Inc. and Municipal Fund for Temporary <br />Investment. <br />(2) The Clerk of the Board of Commissioners is hereby <br />authorized and directedio provide certified copies of this <br />