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Series 2005 Bonds has been deposited, appropriate amounts sufficient to pay to the United States of America all amounts due with respect to the Series 2005 Bonds under the provisions of section 148(f) of the Code. The earnings on the Series 2005 Rebate Account shall be added to and become a part of the Series 2005 Rebate Account. Moneys in the Series 2005 Rebate Account shall be used by the County to pay any rebate liability under section 148(0 of the Code as and when due in accordance with instructions delivered to the County by Bond Counsel from time to time. SECTION 24. NEGOTIATED SALE OF SERIES 2005 BONDS. It is hereby found and determined that due to the complexity of the financing and the need to coordinate matters among the County, the County's Financial Advisor and the Underwriter, it is in the best interest of the County and the public to negotiate the sale of the Series 2005 Bonds. The disclosure required by Section 218.385, Florida Statutes, as amended, shall be provided to the County, as evidenced by a schedule attached to the Bond Purchase Contract wherein the Underwriter agrees to provide disclosure to the County prior to execution by the County of the Bond Purchase Contract. The Chairman or Vice Chairman of the Board of County Commissioners or the County Administrator is hereby authorized to award the sale of the Series 2005 Bonds to the Underwriter upon the County Administrator's determination that the offer submitted by the Underwriter for the purchase of all of,the Series 2005 Bonds is within all of the following parameters: (1) the true interest cost (taking into consideration underwriter's discount and net original issue discount or net original issue premium) on the Series 2005 Bonds does not exceed 4.75% per annum, (2) the Underwriter's discount does not exceed $6.00 per $1,000 of principal amount of the Series 2005 Bonds issued, (3) the par amount of the Series 2005 Bonds does not exceed $30,000,000, (4) the refunding of the refunded Series 1996 Bonds achieves a net present value savings of not less than 5.00%, and (5) the final maturity date for the Series 2005 Bonds is not later than the year 2022. The County Administrator or, in the absence of the County Administrator, the Director of Management and Budget, is hereby authorized to receive the offer to purchase the Series 2005 Bonds from the Underwriter upon substantially the terms and conditions set forth in the Bond Purchase Contract, which is hereby approved in substantially the form attached hereto as Exhibit "B", upon the satisfaction of the conditions set forth in this Section 24. The Bond Purchase Contract in substantially the form attached hereto as Exhibit "B" is hereby approved, with such changes, alterations and corrections as may be approved by the County Administrator or, in the absence of the County Administrator, the Director of Management and Budget, and the Chairman or Vice Chairman of the Board of County Commissioners or the County Administrator is hereby authorized to execute and deliver, on behalf of the County, the final Bond Purchase Contract satisfying the requirements of this Section 24. The approval of such changes, alterations and corrections shall be conclusively presumed by the execution thereof by the Chairman or Vice Chairman or the County Administrator. The authorization for any Bonds authorized but not purchased by the Underwriter under the Bond Purchase Contract shall be canceled. 12