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RESOLUTION NO. 2008-037 WHEREAS, the Borrower has requested that the County authorize the execution and delivery of an Interlocal Agreement to be entered into between the County and Palm Beach County (the "Interlocal Agreement"), in substantially the form attached hereto as Exhibit B, to allow the issuance by Palm Beach County of the Bonds to pay the cost of the Project, including the Indian River County Project; and WHEREAS, the County is willing to enter into the Interlocal Agreement as herein described in order to permit the Borrower to recognize the cost savings from a consolidated financing; NOW, THEREFORE, BE IT RESOLVED by the Board of County Commissioners of the County (the "Board of County Commissioners") that: SECTION 1, Authority. This Resolution is adopted pursuant to the laws of the State of Florida, including the Act and Section 163.01, Florida Statutes, as amended, and other applicable provisions of law. SECTION 2. Findings, The Board of County Commissioners hereby finds, determines and declares as follows: A. Notice of a public hearing to be held on the date hereof before the Board of County Commissioners, inviting comments and discussions concerning the issuance of the Bonds by Palm Beach County to finance the Project, including the Indian River County Project, was published in the Vero Beach Press Journal, a newspaper of general circulation in the County, at least fourteen days prior to such hearing date, a copy of the publisher's affidavit of proof of publication is attached hereto as Exhibit C and incorporated herein by reference. B. Following such notice, a public hearing has been held by the Board of County Commissioners on the date hereof during which comments and "discussions concerning the issuance of the Bonds by Palm Beach County to finance and refinance the Project, including the Indian River County Project, were requested and allowed. The public hearing provided a reasonable opportunity for interested individuals to express their views, both orally and in writing, on "the proposed issuance of the Bonds and the location and nature of the Project, and was held in a location which, under the facts and circumstances, was convenient for residents of the County. The notice was reasonably designed to inform residents of the County, of the proposed issue, stated that Palm Beach County would be the issuer of the Bonds, stated the time and place for the hearing, and contained the information required by the Code. The 14 -day period was adequate for notice to be brought to the attention of all interested persons, exceeds the normal periods for notices of public hearings conducted by the Board of County Commissioners, the other affected governmental units, various agencies thereof and the State, and provided sufficient time for interested persons to prepare for and express their views at such hearing and meeting. C. The Indian River County Project and the issuance of the Bonds by Palm Beach County to finance and refinance the Indian River County Project will have a substantial public benefit in the County. 0) JACK 926930.3