Examples of Series 2010A Certificates in a sentence
A separate ground lease commencing on June 1, 2010 and ending on June 1, 2032, was given to the corporation for the facilities being financed by the Series 2010A Certificates.
The Second Amendment to the Series 2010A Supplemental Trust (the "Second Amendment to STA") amended Section 101 of the original STA to add the definition of the “Sinking Fund Forward Delivery Agreement” and amended Section 401(iii) of the original STA in order to allow the investment of sinking fund payments in a forward delivery agreement in order to pay the principal of the Series 2010A Certificates at maturity.
In connection with the foregoing, Regions Bank, as sole holder of the Series 2010A Certificates, would also be consenting to the changes set forth in the Second Amendment to STA and Second Amendment to Lease Schedule.
The execution, delivery of the Sinking Fund Forward Delivery Agreement was anticipated to lower the debt service requirements for the Series 2010A Certificates going forward.
On October 7, 2014, the School Board approved the First Amendment to the STA, which amended Section 6.06 of the Series 2010A Supplemental Trust Agreement, removing the requirement to maintain a minimum $5 million depository account with Regions Bank, the initial purchaser of the Series 2010A Certificates.
Sections 30230 and 30231 of the Coastal Act require the protection of biological productivity and water quality.
Subsequently, on September 11, 2012, the School Board approved a Technical Amendment with the Florida Department of Education, to utilize approximately $20 million of the remaining proceeds of the Series 2010A Certificates for the reconstruction of Vero Beach Elementary, approximately $3 million at Fellsmere Elementary for the additionof a two story classroom building and approximately $3.5 million at Treasure Coast Elementary for the addition of a classroom wing.
On November 9, 2010, the School Board approved the issuance of $26,261,841 in Certificates of Participation, Series 2010A (the "Series 2010A Certificates") via Resolution 2011‐06 to finance the acquisition, construction, and equipping of Vero Beach Elementary School and certain other educational facilities.
Subsequently, on September 11, 2012, the School Board approved a Technical Amendment with the Florida Department of Education to utilize approximately $20 million of the remaining proceeds of the Series 2010A Certificates for the reconstruction of Vero Beach Elementary, approximately $3 million at Fellsmere Elementary for the addition of a two story classroom building and approximately $3.5 million at Treasure Coast Elementary for the addition of a classroom wing.
The Series 2010A Certificates were issued by the Corporation as direct pay bonds whereby the District pays interest of 5.7 percent and receives a 5.49 percent interest subsidy, which is paid directly to the District by the United States Treasury.