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�Qi1K 1 PAGE231 <br />JUL 1819.79 , <br />f <br />HOME OFFICE <br />FLORIDA FEDERAL BUILDING <br />ST. PETERSBURG. FLORIDA 33731 <br />lUilliam i lllouRU Co <br />P. O. BOX 3546 <br />23 WEST CHURCH STREET <br />ORLANDO. FLORIDA 32802 <br />(305) 841-1685 <br />ALFRED C. SHEPARD <br />RESIDENT PARTNER <br />GEORGE T. BLAND <br />PARTNER <br />ARNOLD W. SCHNEIDER <br />February 20, 1979 <br />Mr. Tommy Thomas <br />Indian River County Courthouse <br />Vero Beach, Florida 32960 <br />Dear Tommy: ' <br />Reference our discussion of last week concerning security for the proposed <br />bond issue to improve certain County facilities. The attached paper sets <br />forth the source of funds that could be pledged for the bonds. I believe <br />that "race track" funds would be the way to go. The pledge and lien would <br />be uncomplicated, provide good coverage for ratings and lock up a large <br />portion of such funds in case the State should, in the future, decide to <br />discontinue the distribution of Race Track funds to the counties. <br />I am also attaching the debt service schedules that you requested. <br />Please give me a call on any questions that you may have. <br />Ver .truly yours, <br />George T. Bland <br />GTB/vjw <br />Attachments <br />MUNIcIPALLFI NANCE CONSULTATION <br />