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AUTHORITY FOR BONDS The Bonds are being issued by the County under the authority of and in full compliance with the Constitution and Statutes of the State of Florida, including particularly Chapter 125, Florida Statutes; the Referendum Resolution as supplemented by the Bond Resolution and by the vote of the electors of the County on November 2, 2004, in accordance with Chapter 100, Florida Statutes; and the Referendum Resolution. PURPOSE OF ISSUANCE The Referendum Resolution defines "Projects" to mean the acquisition by the County of lands to protect water resources and/or drinking water sources, environmentally significant lands, historic sites, and/or agricultural land, by purchasing interests in lands to protect water resources and/or drinking water sources, environmentally significant lands, historic sites, and/or agricultural lands including, but not limited to, fee simple interest, less than fee simple interest, conservation easements, the purchase or transfer of development rights, and the acquisition of other similar interests in lands to protect water resources and/or drinking water sources, environmentally significant lands, historic sites, and/or agricultural lands, together with the necessary preservation, restoration, remediation and reclamation activities to preserve, protect, or enhance such property, or, in the case of agricultural lands, to maintain the agricultural purpose of such property or restore such property to its natural state , including customary and necessary costs and expenses incurred in the acquisition of any such lands and all expenses incident to the sale, issuance and delivery of the Bonds, all as shall be more specifically determined by subsequent resolution of the County. For a complete description of the terms and conditions of the Bonds, reference is made to the Bond Resolution, the form of which is included as Appendix B to this Official Statement, "Form of Bond Resolution." The description of the Bond Resolution, the Bonds and information from reports contained herein do not purport to be comprehensive or definitive, and reference is made to the complete Bond Resolution, on file with the County, for the terms thereof. THE ACQUISITION PROGRAM 3