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The following letter from the County Attorney is hereby <br />made a part of the Minutes: <br />[ON COUNTY ATTORNEY LETTERHEAD] <br />a. f, I q I ! <br />Chairman <br />Board of County Commissioners <br />Indian River County, Florida <br />The Leedy Corporation <br />749 Garland Avenue - <br />Orlando, Florida 32801 <br />Freeman, Richardson, Watson <br />• & Kelly, P.A. <br />1200 Barnett Bank Building <br />Jacksonville, Florida 32202 <br />Re: $725,000 Capital Improvement Revenue Bonds, <br />Series 1981, of Indian River County, Florida <br />Gentlemen: <br />I have acted as Attorney for Indian River County, Florida <br />(the "County") in connection with the authorization and issuance <br />by the County of $725,000 Capital Improvement Revenue Bonds, <br />Series 1981, dated October 1, 1981 (the "Bonds"), pursuant to a <br />Resolution adopted by the Board of County Commissioners (the <br />"Board") of the County on May 6, 1981, as amended and supplemented <br />(herein collectively called the "Resolution"). I have examined <br />all proceedings of the Board in connection with the authorization, <br />issuance and sale of the Bonds by the County. Based thereon, I <br />am of the opinion that: <br />1. No additional or further approval, consent or autho- <br />rization of any governmental or public agency or authority not <br />already obtained is required in connection with (a) the issuance <br />and sale of the Bonds or (b) entry into and performance by the <br />County of its obligations under the Resolution with respect to <br />the Bonds. <br />2. The Resolution adopted by the County -authorizing the <br />Bonds is valid and in force and enforceable by and against the <br />County in accordance with its terms, except to the extent that <br />the enforceability thereof may be limited by bankruptcy, insol- <br />vency or other laws affecting creditors' rights generally. <br />3. The Race Track Funds and Jai Alai Fronton Funds,, as <br />defined in the Resolution, which are pledged to the payment of <br />the principal of and interest on the Bonds are not pledged in <br />whole or in part, directly or indirectly, for the benefit of any <br />outstanding obligations previously issued by the County,•except <br />to the prior payment of the outstanding bonds of an issue of <br />$4,350,000 Capital Improvement Revenue Bonds, Series 1980. <br />4. To the best of my knowledge, there was no legisla- <br />tion adopted by the 1981 Session of the Florida Legislature that <br />restricts or otherwise adversely affects the County's power to <br />issue the Bonds or its ability to pay the principal thereof and <br />interest thereon in the manner provided in the Resolution. <br />NOV 191981 <br />13 <br />Bw 48 PnF 199 <br />I <br />