A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF LEESBURG, FLORIDA AUTHORIZING AND DIRECTING THE MAYOR AND CITY CLERK TO EXECUTE AN AGREEMENT BETWEEN THE CITY OF LEESBURG AND LEESBURG REGIONAL MEDICAL CENTER, INC., LRMC HOME HEALTH SERVICES, INC., AND THE VILLAGES TRI-COUNTY MEDICAL CENTER, INC., FOR THE PURPOSE OF AMENDING THE FINANCING AGREEMENT AND SIXTH SUPPLEMENTAL FINANCING AGREEMENT FOR REVENUE BONDS ISSUED BY THE CITY FOR THE BENEFIT OF THE OTHER PARTIES; AND PROVIDING AN EFFECTIVE DATE.
BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF LEESBURG, FLORIDA:
THAT the Mayor and City Clerk are hereby authorized and directed to sign an agreement between the City of Leesburg, Florida, and Leesburg Regional Medical Center, Inc., LRMC Home Health Services, IN., and The Villages Tri-County Medical Center, Inc., in substantially the form attached as Exhibit “A” to this Resolution, for the purpose of amending the Financing Agreement and Sixth Supplemental Financing Agreement for revenue bonds issued by the City for the benefit of the other parties, to equalize the rights of bond insurers under the various financing documents related to that bond issue.
THAT this resolution shall take effect upon its passage and adoption according to law.
PASSED AND ADOPTED by the City Commission of the City of Leesburg, Florida, at a regular meeting held the _28th__ day of _August_ 2006
THE CITY OF LEESBURG, FLORIDA