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INDIAN RIVER COUNTY, FLORIDA RESOLUTION NO. 2005-021 A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA AMENDING AND SUPPLEMENTING RESOLUTION NO. 93-80, PROVIDING FOR THE ISSUANCE OF NOT EXCEEDING $30,000,000 WATER AND SEWER REVENUE REFUNDING BONDS, SERIES 2005, OF THE COUNTY TO BE APPLIED TO PAY A PORTION OF THE COSTS OF DEFEASING THE COUNTY'S WATER AND SEWER REVENUE BONDS, SERIES 1996; PROVIDING FOR THE PAYMENT OF THE BONDS FROM THE NET REVENUES OF THE COUNTY'S WATER AND SEWER SYSTEM AND CERTAIN OTHER MONEYS PLEDGED THEREFOR; PROVIDING FOR THE RIGHTS OF THE HOLDERS OF SUCH BONDS; MAKING CERTAIN OTHER COVENANTS AND AGREEMENTS IN CONNECTION THEREWITH; AUTHORIZING THE NEGOTIATED SALE OF NOT TO EXCEED $30,000,000 INDIAN RIVER COUNTY, FLORIDA, WATER AND SEWER REVENUE REFUNDING BONDS, SERIES 2005 TO RBC DAIN RAUSCHER INC., SUBJECT TO THE TERMS AND CONDITIONS OF A BOND PURCHASE CONTRACT; APPROVING THE FORM OF SUCH PURCHASE CONTRACT RELATING TO THE NEGOTIATED SALE; DELEGATING THE AUTHORITY TO EXECUTE AND DELIVER THE BOND PURCHASE CONTRACT TO CERTAIN OFFICERS; AUTHORIZ- ING THE DISTRIBUTION AND EXECUTION OF A PRELIMINARY OFFICIAL STATEMENT AND AN OFFICIAL STATEMENT IN CONNEC- TION WITH THE DELIVERY OF THE SERIES 2005 BONDS; CANCELING THE REMAINING . AUTHORIZED BUT UNISSUED BONDS; AUTHORIZING AND APPROVING THE FORM OF ESCROW DEPOSIT AGREEMENT; APPOINTING AN ESCROW HOLDER, REGISTRAR AND PAYING AGENT; AUTHORIZING THE PURCHASE OF MUNICIPAL BOND INSURANCE; AUTHORIZING THE PURCHASE OF A DEBT SERVICE RESERVE FUND POLICY; AUTHORIZING THE EXECUTION OF A FINANCIAL GUARANTY AGREEMENT WITH FINANCIAL GUARANTY INSURANCE COMPANY; AUTHORIZING A CONTINUING DISCLOSURE UNDERTAKING; PROVIDING CERTAIN OTHER MATTERS IN CONNECTION THEREWITH; AND PROVIDING AN EFFECTIVE DATE. 1