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RESOLUTION 2012- 030 <br />A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS OF <br />INDIAN RIVER COUNTY, FLORIDA AUTHORIZING THE <br />REDEMPTION AND PAYMENT OF THE COUNTY'S OUTSTANDING <br />GENERAL OBLIGATION BONDS, SERIES 2001; AUTHORIZING THE <br />PROPER OFFICERS OF THE COUNTY TO DO ALL ACTS NECESSARY <br />AND PROPER FOR CARRYING OUT THE TRANSACTIONS <br />CONTEMPLATED BY THIS RESOLUTION; AND PROVIDING FOR AN <br />EFFECTIVE DATE. <br />WHEREAS, the Board of County Commissioners of Indian River County, Florida (the <br />"County") has determined that it is in the County's best interest to redeem and pay off the <br />County's General Obligations Bonds, Series 2001 (the ' Series 2001 Bonds") from available <br />moneys of the County and <br />WHEREAS, the County issued its Series 2001 Bonds pursuant to Resolution No. 95-63 <br />adopted by the County on May 16, 1995, as supplemented from time to time, and as particularly <br />supplemented by Resolution No. 2001-107 adopted by the County on October 23, 2001 <br />(collectively, the "Bond Resolution"); and <br />WHEREAS the County desires to optionally redeem the outstanding Series 2001 Bonds <br />on their first optional redemption date; and <br />WHEREAS, the County has legally available cash on hand to redeem the Series 2001 <br />Bonds. <br />NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY <br />COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA that: <br />SECTION 1. FINDINGS OF FACT. The County hereby finds, determines and <br />declares the matters hereinabove set forth. <br />SECTION 2. AUTHORITY FOR THIS RESOLUTION This resolution is adopted <br />pursuant to Chapter 125, Florida Statutes, the Bond Resolution, and other applicable provisions <br />of law. <br />SECTION 3. AUTHORIZATION TO DEFEASE THE SERIES 2001 BONDS. The <br />redemption of the Series 2001 Bonds with a redemption date on or after July 1, 2012, and a <br />redemption price of 101% of the principal amount to be redeemed is hereby authorized. The <br />County Administrator is hereby directed and authorized to direct the paying agent for the Series <br />2001 Bonds to give notice of the redemption of the Series 2001 Bonds to DTC and the <br />bondholders of such redemption. <br />C\Documents and Settings Wmtd\Local Settings\Temporary Internet Files\ConlcnlOullook\MCWMEZTN\Bonds — 2001 General Obligation (2).docx <br />