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,- R 2 61986 RESOLUTION No. 80-32 X ox 43 PAGE 140 A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS- OF INDIAN RIVER COUNTY, FLORIDA, FIXING THE DATES, MATURITIES, INTEREST RATES, .AND REDEMPTION PROVISIONS FOR THE $4,350,000 CAPITAL IMPROVEMENT REVENUE BONDS, SERIES 1980, OF THE COUNTY; DESIGNATING THE PAYING AGENT FOR SAID BONDS; RE -AWARDING SAID BONDS TO THE PURCHASER THEREOF; AUTHORIZING USE OF AN OFFICIAL STATEMENT FOR SAID BONDS; AND PROVIDING AN EFFECTIVE DATE. WHEREAS, the Board of County Commissioners (the "Board") of Indian River County, Florida (the "County"), has heretofore by a resolution adoptdd on November 21, 1979, authorized the issuance of $4,350,000 Capital Improvement Revenue Bonds, Series 1980 (the "Bonds"); and WHEREAS, the Board deems it in the best interest of the County that said Bonds be sold at this time; and WHEREAS, it is necessary to fix the dates, maturities, interest rates, and redemption provisions for the Bonds; and WHEREAS, it is necessary to designate a paying agent for the Bonds; and WHEREAS, William R. Hough & Co. (hereinafter called "Purchaser"), has previously submitted a proposal for the purchase of said Bonds, which proposal was approved by the Board; and WHEREAS, it is necessary to authorize the use of an Official Statement for said Bonds; now therefore, BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA: SECTION 1. $4,350,000 principal amount of the Bonds, being the total amount of the Bonds heretofore authorized, shall be issued. SECTION 2. The Bonds shall be dated April 1, 1980, shall bear interest, payable semiannually on April 1 and October i of each year commencing October 1, 1980, at the rates per annum, and shall mature in numerical order on October 1 in the years and amounts as follows: -1-