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RESOLUTION NO. 2007-072 <br /> Section 5. NOTICE OF BOND REFERENDUM. Notice of the bond referendum <br /> shall be published in a daily newspaper of general circulation in the County, at least twice, once <br /> in the fifth week and once in the third week prior to the week in which the bond referendum is <br /> held, the date of first publication in said newspaper to be at least thirty (30) days before said <br /> bond referendum, in substantially the form attached hereto as Exhibit A and in the manner . <br /> provided in Section 100.342, Florida Statutes. <br /> Section 6. OFFICIAL BALLOT. The ballot for voting in the bond referendum shall <br /> be in substantially the following form: <br /> INDIAN RIVER COUNTY GENERAL OBLIGATION BONDS <br /> PIPER AIRCRAFT FACILITY ACQUISITION,REHABILITATION <br /> AND CONSTRUCTION CAPITAL PROJECT <br /> REFERENDUM <br /> Shall Indian River County issue general obligation bonds in one or more series in such <br /> principal amount as will provide net proceeds of forty million dollars $40,000,000, bearing <br /> interest not exceeding the maximum legal rate, payable from the unlimited ad valorem taxing <br /> power of the County, maturing within thirty (30) years from issuance, to finance the costs of <br /> acquisition, rehabilitation and construction of capital projects comprising the Piper Aircraft <br /> Facilities for economic development. <br /> Yes-For Bonds <br /> No-Against Bonds <br /> Section 7. BOND REFERENDUM RESULTS. Returns of the votes cast at the bond <br /> referendum shall be made as required by law. If a majority of the votes cast at the bond <br /> referendum shall be "Yes -For Bonds," the Bonds shall be approved, and then the Bonds may be <br /> issued pursuant.to this Resolution and as provided by authorizing bond resolution of the <br /> Board, as governing body of the County. If less than a majority of the votes cast at the bond <br /> referendum shall be "Yes - For Bonds," the Bonds shall be defeated, and no Bonds shall be <br /> issued pursuant to this Resolution. <br /> Section 8. LANGUAGES. To the extent required.by law, the official ballot and <br /> notice of bond referendum shall be published in both the English and the Spanish languages. <br /> Section 9. INTENT TO REIMBURSE. The Board hereby expresses its intention that <br /> the County be reimbursed from the proceeds of the Bonds for costs relating to the Project. <br /> 4 <br />