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control and use of the County to the extent permitted by Chapter 159, Florida Statutes. FHFC <br /> agrees to take all action necessary or desirable in giving effect to this provision so as to preserve <br /> the private activity bond limit previously allocated to the County for the use and benefit of the <br /> citizens of the State of Florida and,particularly, Indian River County. <br /> FHFC is hereby specifically authorized by the County to commence a bond validation <br /> proceeding under Chapter 75, Florida Statutes, on behalf of itself and the County, provided such <br /> proceeding is commenced prior to the date that is no more than 145 days after the date the County <br /> received a confirmation of allocation from the Division of Bond Finance, or October 28, 2002, <br /> whichever date is later. <br /> SECTION 4. Term. Unless extended by mutual agreement of the County and FHFC, or <br /> unless sooner terminated as provided in this Agreement, this Agreement shall expire at such time <br /> as the bonds contemplated hereby shall be fully paid or provisions shall be made for the payment <br /> of all of such bonds as provided therein and in the proceedings authorizing the sale thereof. <br /> [Remainder of page left intentionally blank] <br /> Page 3 of 5 <br />