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is > BOARD OF COUNTY COMMISSIONERS WILLIAM C. WODTKE, JR., Chairman ALMA LEE LOY, Vice Chairman WILLARD W. SIEBERT, JR. 4DWIN S. SCMMUCKER R. DON DEESON JACK G. JENNINGS, Administrator 2145 14th Avenue Vero Beach, Florida 32960 January 12, 1978 .First Citrus Bank of Indian River County 2004 14th Avenue Vero Beach, Florida Attention: Mr, Angelo J. Sanchez, Executive Vice President Re: $1,100,000 Revenue and General Obligation Notes of Indian River County Dear Mr. Sanchez: The County of Indian River is delivering to the purchasers thereof on this date $1,815,000 principal amount of its Solid Waste Disposal System Revenue Bonds, Series 1977, dated September 1, 1977 (the "Bonds"). You are the Original Purchaser and paying agent for the County's Revenue and General. Obligation Notes, dated various dates, maturing May 1, 1978 and bearing interest at 4.65% per annum, payable at maturity (the "Notes"). Said Notes are redeemable on any date at par plus accrued interest. The County elects to redeem said Notes on January 13, 1978 and has previously notified you of"such redemption. As of January 13, 1978 there will be due and payable as interest on said Notes the amount of $30,244.12. Principal due on the Notes amounts to $1,100,000. Total principal and interest unpaid on the Notes to January 13, 1978 is $1,130,244.12. Paid to you herewith, from the proceeds of sale of the Bonds, is the sum of $1,130,244.12 being the total amount of the principal and interest due on the redemption of said Notes on January 13, 1978. You now have a sum sufficient to pay all principal and interest due on the Notes to and including January 13, 1978, the date of redemption thereof. You are authorized and directed to pay all principal of and interest on said Notes to and including January 13, 1978, the date of redemption thereof. JAN. 181978 BCOK 33 PAGE;0"- �I