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EXHIBIT B <br /> DISCLOSURE STATEMENT AND TRUTH-IN-BONDING STATEMENT <br /> February ,2001 <br /> Board of County Commissioners <br /> Indian River County <br /> Vero Beach, Florida <br /> Re: [Bond Amount]Indian River County,Florida, <br /> Revenue Bonds(Spring Training Facility), Series 2001 <br /> Dear Commission Members: <br /> In connection withthe proposed issuance by IndianRiver County,Florida(the"County")of[Bond <br /> Amount] Revenue Bonds (Spring Training Facility), Series 2001 (the "Series 2001 Bonds"), William R <br /> Hough&Co.and Hanifen,Imhoff,Inc.(collectively,the"Underwriters")are underwriting a public offering <br /> of the Series 2001 Bonds. <br /> The purpose ofthe following seven paragraphs of this letter is to famish,pursuant to the provisions <br /> of Section 218.385(6),Florida Statutes,as amended, certain information in respect of the arrangements <br /> contemplated for the purchase and sale of the Series 2001 Bonds, as follows: <br /> (a) The nature and estimated amount of expenses to be incurred by the Underwriters in <br /> connection withthe purchase and re-offering ofthe Series 2001 Bonds are set forthin Schedule I attached <br /> hereto. <br /> (b) There are no "finders,"as defined in Section 218.386, Florida Statutes, as amended, <br /> connected with the sale and purchase of the Series 2001 Bonds. <br /> (c) The combined underwriting spread,the difference between the price at which the Series <br /> 2001 Bonds will be initially offered to the public by the Underwriters and the price to be paid to the County <br /> for the Series 2001 Bonds,exclusive of original issue discount and accrued interest,will be approximately <br /> [$ ]per$1,000 of Series 2001 Bonds issued. The underwriting spread for the Series 2001 Bonds will <br /> be approximately <br /> B-1 <br />