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