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rsix DEC 11982 ��U., RESOLUTION NO. 82- 128 A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA, CONFIRMING INDIAN RIVER COUNTY'S DESIRE TO PARTICIPATE IN THE STATE OF FLORIDA, DEPARTMENT OF NATURAL RESOURCES' "SAVE OUR COAST" PROGRAM. WHEREAS, Indian River County has recognized the need to acquire and preserve for recreational purposes beachfront land on the Atlantic Ocean, and WHEREAS, Indian River County called for a referendum of qualified voters of Indian River County on the.question of whether to issue up to $5,000,000 in general obligation bonds to be used for the purchase of beachfront property on the Atlantic Ocean, and - WHEREAS, the voters of Indian River County approved the issuance of the bonds and the County Commission subsequently adopted a bond resolution authorizing the bonds, and WHEREAS, Indian River County now desires to participate in the State of Florida "Save Our Coast" Program to maximize the resources of the County and the State in a cooperative effort, and WHEREAS, the proceeds of the County bond issue may be used to match state funds for the purchase of beachfront property on the Atlantic Ocean under the "Save Our Coast" Program, and • _ - +aT a WHEREAS, Indian River County intends to file for validation of the bonds within the next week making the funds available within eighty (80) days, and WHEREAS, Indian River County intends to use the proceeds to purchase beachfront property and use other funds when available to develop the areas purchased for outdoor recreation and to continuously budget sufficient funds to maintain and operate the sites as developed, and WHEREAS, Indian River County intends to develop the areas acquired in stages with initial recreational activities to commence as soon as possible after acquisition, and WHEREAS, all properties acquired under the "Save Our Coast" and Beach Bond Program will be devoted to recreational purposes in perpetuity. -1-