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OFFICIAL NOTICE OF BOND SALF $11,000,000* INDIAN RIVER COUNTY, FLORIDA GENERAL OBLIGATION BONDS, SERIES 2001 NOTICE IS HEREBY GIVEN that electronic (as explained below) proposals will be received electronically via PARITY in the manner described below, until 11:00 a.m., Eastern Standard Time, on November 13, 2001. Bids must be submitted electronically via PARITY in accordance with this Notice of Bond Sale, until 11:00 a.m.,Eastern Standard Time,but no bid will be received after the time for receiving bids specified above. To the extent any instructions or directions set forth in PARITY conflict with this Notice of Bond Sale,the terms of this Notice of Bond Sale shall control. For further information about PARITY, potential bidders may contact the financial advisor to the County, Fishkind & Associates, Inc., 11869 High Tech Avenue, Orlando, Florida 32817 Attention: Arthur Diamond, telephone(407)382-3256,or Dalcomp at 395 Hudson Street,New York,NY 10014,telephone(212) 806-8304. In the event of a malfunction in the electronic bidding process, the bid date will automatically change to the next business day as confirmed in a communication through Thompson Municipal Market Monitor(TM3). Form of Series 2001 Bond The Series 2001 Bonds will be issued in book entry only form, without coupons, in denominations of$5,000 or any integral multiples thereof, and shall be dated November 1, 2001. Principal of the Series 2001 Bonds shall be paid to the registered owners at the designated corporate trust office of First Union National Bank(the "Paying Agent" and "Registrar"), upon presentment and surrender of the Series 2001 Bonds. Interest on the Series 2001 Bonds shall be paid to the registered owners as shown on the registration books maintained by the Registrar, by check or draft mailed to each such owner's address as shown on the registration books maintained by the Registrar as of the fifteenth(15th) day of the calendar month preceding such interest payment date. Interest will be payable each January 1 and July 1, commencing July 1, 2002. Interest will be calculated on the basis of a 360-day year of twelve 30-day months. For so long as The Depository Trust Company,New York,New York,or its nominee,Cede&Co. (collectively, "DTC") is the registered owner of the Series 2001 Bonds,payments of principal of,redemption premium, if any, and interest on the Series 2001 Bonds will be made directly to DTC. Disbursements of such payments to the DTC participants is the responsibility of DTC and further disbursement of such payments from the DTC participants to the beneficial owners of the Series 2001 Bonds is the responsibility of the DTC participants. *Preliminary, subject to change Initially one bond will be issued for each maturity of the Series 2001 Bonds in the aggregate principal amount of each such maturity and registered in the name of DTC. DTC, an automated Page 1 of 9