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"Assessment" or "Assessments" shall mean any Special Assessments <br />together with any Special Assessments in Lieu of Impact Fees. <br />"Board" shall mean the Board of County CcMissioners of Indian River <br />County, Florida. <br />"Bonds" shall mean the bonds of a series issued pursuant to the <br />Provisions of this Ordinance. <br />"Chairman" shall mean the chairman of the Board. <br />"County" shall mean Indian River County, Florida. <br />"Impact Fees" shall mean those fees imposed by ordinance of the County <br />in order to offset a portion of the capital costs of anticipated new demand on <br />Improvements. <br />"Improvements" shall mean the acquisition, construction, repair, <br />Paving, hard surfacing, widening, guttering and drainage of streets, boulevards <br />and alleys; the grading, leveling, paving and hard surfacing of sidewalks; <br />sanitary sewers, storm sewers and drains, including the necessary appurtenances <br />thereto; water mains, water laterals and other water distribution facilities, <br />including the necessary appurtenances thereto; the drainage and reclamation of <br />wet, low or overflow lands; or street lighting. <br />"Pledged Funds" shall mean with respect to a series of Bonds, (i) the <br />proceeds from any and all Special Assessments against property specially <br />benefitted by any Improvements or part thereof; (ii) the proceeds of any and all <br />Special Assessments in Lieu of Impact Fees; (iii) Special Assessments and/or <br />Special Assessments in Lieu of Impact Fees imposed by other public bodies and <br />payable to the County pursuant to an intergovernmental agreement; and (iv) other <br />legally available non ad valorem funds; whenever inclusion of any of the above <br />as part of the Pledged Funds with respect to said series of Bonds has been <br />Provided for by resolution of the Board. <br />- 3 - <br />