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The Chairman CALLED THE QUESTION and the Motion <br />carried unanimously. The Board approved Resolution <br />2007-073, as amended, authorizing the issuance, subject to <br />the Bond Referendum herein provided for, of General <br />Obligation Bonds of Indian River County, Florida payable <br />from the full faith and credit and unlimited Ad Valorem <br />taxing power of the County, to provide net proceeds of <br />$40,000,000 to finance the cost of acquisition, renovation <br />and construction of additional facilities constituting a <br />capital project for an industrial or manufacturing plant <br />described as Piper Aircraft, for economic development, <br />providing for and calling a Bond Referendum of the <br />qualified electors of the County to be held on <br />, 2007; providing for official ballots; <br />providing for Bond Referendum procedures; establishing <br />its intent to reimburse such capital expenditures incurred <br />with proceeds of such General Obligation Bonds; and <br />providing an effective date. <br />Ms. Chandler invited everyone to visit the Chamber's website at <br />www.indianriverchamber.com to get the facts. <br />LETTER OF ACCEPTANCE FOR SPECIAL COUNSEL SERVICES ON FILE <br />IN THE OFFICE OF THE CLERK TO THE BOARD <br />The Chairman called a recess at 12:42 p.m., and reconvened at 12:59 p.m., with all <br />members present. <br />July 10, 2007 35 <br />