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r OV 91981 800K 18 PAGE 200 5. No litigation is now pending or, to the knowledge of the undersigned, threatened, in any court restraining or enjoining the issuance, sale, execution or delivery of the Bonds or the collection of the Race Tracie Funds and Jai Alai Fronton Funds pledged to pay the principal of and interest on the Bonds, or the pledge thereof, or any matter affecting the proceedings and authority for the issuance, sale, execution or delivery of the Bonds, or in any way contesting or affecting the sale of the Bonds to the purchaser thereof, or affecting directly or indirectly the validity of the Bonds or any provisions made or authorized for their payment, or the title of the present offi- cers of the County or any of them; none of the proceedings or authority for the issuance of the Bonds has been repealed, revoked, rescinded or altered in any manner. 6. Other than as disclosed in the Official Statement, dated November 24, 1981, there is no litigation pending, or to the knowledge of the undersigned, threatened against the County affecting any of the property or assets under the control of the County which involves the possibility of any judgments.or lia- bility, not fully covered by insurance or adequate established reserves, that might result in any material adverse change in the properties, assets or in the condition, financial or otherwise, of the County other than suits pending or threatened for inverse condemnation proceedings or otherwise, involving claims in an aggregate amount not exceeding $250,000. 7. The descriptions and statements in the aforemen— tioned Official Statement with respect to the County, the Race Track Funds and Jai Alai Fronton Funds, the Resolution and the Bonds are, to the best of my knowledge, true and correct and do not contain an untrue statement of a material fact or omit to state a material fact which is necessary to make the descriptions and statements made in the Official Statement, in light of the circumstances under which they were made, not misleading. In rendering the opinion set forth in paragraph 7 above, it is understood that I have not undertaken to independently verify information presented in the Official Statement that was obtained or derived from various United. States Government, State of Florida, and Indian River County publications. _ - Very truly yours, George G. Collins, Jr. County Attorney There being no further business, on Motion made, seconded and carried, the Board of County -Commissioners adjourned at 8:07 A.M. ATTEST: C1 erk dice ChairmanV1 1