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Okaloosa County BOCC — November 5, 2013 — Resolution — reading text
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registered or
certified mail addressed to:
Board of County Commissioners of
Okaloosa County, Florida
1804 Lewis Turner Blvd., Suite 400
Ft. Walton Beach, Florida 32547
Attention: Clerk of Court
The Bank of New York Mellon Trust
Company, N.A.
10161 Centurion Parkway — 2™ Floor
Jacksonville, Florida 32256
Attention: Patricia Heinz
—IN-WYENESS-WHEREOF, the-parties-hereto-have-made-and executed this Escrow
Deposit Agreement to be executed by their duly authorized officers and appointed officials and
their seals to be hereunder affixed and attested as of the date first above written.
BOARD OF COUNTY COMMISSIONERS OF
OKALOOSA COUNTY, FLORIDA
(SEAL)
By:
Chairman
ATTEST:
Clerk
IN-WIFNESS-WHEREOF, the parties hereto have made -and-executed- this Escrow
Deposit Agreement to be executed by their duly authorized officers and appointed officials and
their seals to be hereunder affixed and attested as of the date first above written.
THE BANK OF NEW YORK MELLON
TRUST COMPANY, N.A., as Escrow Agent
(SEAL)
By:
Title: Authorized Officer
SCHEDULE-A————
INITIAL ESCROW SECURITIES
Maturity Date Type Interest Rate Par Amount
% $
Sch A-1
SCHEDULE-B
REFUNDING PAYMENT SCHEDULE
Redemption
Date Principal Interest Premium Total
$ $ $
Sch B-1
SCHEDULE C
NOTICE OF DEFEASANCE
CUSIP NUMBERS:
Notice is hereby given by the Board of County Commissioners of Okaloosa County,
Florida (the "County") of the defeasance of the County's Airport Revenue Bonds, Series 2003
(the "Refunded Bonds"). The County has caused to be deposited in trust with The Bank of New
York Mellon Trust Company, N.A., pursuant to an Escrow Deposit Agreement, dated as of
December 1, 2013 (the "Escrow Deposit Agreement") obligations of the United States of
America the principal and interest on which will be available for the payment of interest on the
Refunded Bonds through 1, 2014 and to redeem the Refunded Bonds on 1,
2014 at a price of 100% of the principal amount thereof.
In accordance with the provisions of the Indenture, as amended and supplemented, the
Refunded Bonds have been paid and the holders thereof shall have the right to look only to
amounts held pursuant to the Escrow Deposit Agreement for payment of the Refunded Bonds.
The Refunded Bonds will be redeemed in full on 1, 2014.
This notice is an informational notice only and is not a notice of redemption. No action is
required of registered owners of Refunded Bonds at this time. Registered owners of Refunded
Bonds will be notified at least 30 days prior to 1, 2014 of the redemption of the
Refunded Bonds on 1, 2014, which notice will include the correct address for
forwarding of bonds for payment.
OKALOOSA COUNTY, FLORIDA
Chairman
Sch C-1