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estimates contained herein will be realized. Neither this Official Statement nor any other statement which
<br />may have been made verbally or in writing in connection with the Bonds, other than the Resolution, is to
<br />be construed as a contract with the owners of the Bonds.
<br />AUTHORITY FOR BONDS
<br />The Bonds are being issued by the County under the authority of and in full compliance with the
<br />Constitution and Statutes of the State of Florida, including particularly Chapter 125, Florida Statutes,
<br />ResolutionNo. 92-146 ofthe Board, adopted August 18, 1992, as supplemented (collectively, the "Act")
<br />and the vote ofthe electors ofthe CountyonNovember 3, 1992, in accordance with Chapter 100, Florida
<br />Statutes Resolution No. 92-146 adopted by the Board on August 18, 1992, as supplemented by
<br />ResolutionNo. 95-83, adopted by the Board July 11, 1995, as further supplemented (the "Resolution").
<br />PURPOSE OF ISSUANCE
<br />The Bonds are being issued to provide funds, which, together with other available funds of the
<br />County, will be used (i) to refund and redeem on the date of closing of the Bonds, all of the Outstanding
<br />principal amount of the County's $15,000,000 General Obligation Bonds, Series 1995, which will be
<br />Outstanding in the aggregate principal amount of $8,320,000 after giving effect to the July 1, 2003
<br />principal payment; and (ii) to pay certain expenses related to the issuance and sale of the Bonds, including
<br />payment of the premium for a policy of financial guaranty insurance.
<br />For a complete description of the terms and conditions of the Bonds, reference is made to the
<br />Resolution, the form of which is included as Appendix B to this Official Statement, "Form of Bond
<br />Resolution." The description of the Resolution, the Bonds and information from reports contained herein
<br />do not purport to be comprehensive or definitive, and reference is made to the complete Resolution, on file
<br />with the County, for the terms thereof.
<br />DESCRIPTION OF THE BONDS
<br />General
<br />The Bonds will be dated July 1, 2003, will be issued in fully registered, book -entry form, without
<br />coupons, in the denominations of $ 5,000 each or integral multiples thereof, and willbear interest at the rates
<br />and mature on the dates set forth on the cover page of this Official Statement. Interest on the Bonds will
<br />be payable January 1, 2004, and semiannually thereafter (January 1 and July 1 of each year). Principal of
<br />and interest on the Bonds w ill be payable in the manner described under "Book -Entry Only System"
<br />herein.U.S. Bank, National Association, Ft Lauderdale, Florida, will serve as Registrar and Paying Agent
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