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'F -APR -2 01983 <br />BaOif _F9Cr 276 <br />RESOLUTION NO. 83-28 <br />A RESOLUTION FIXING THE INTEREST RATES FOR <br />GENERAL OBLIGATION BONDS OF INDIAN RIVER <br />COUNTY, FLORIDA; AWARDING SAID BONDS TO THE <br />SUCCESSFUL BIDDER AT PUBLIC SALE THEREOF; <br />NAMING THE PAYING AGENT FOR SAID BONDS; <br />AUTHORIZING USE OF AN OFFICIAL STATEMENT FOR <br />SAID BONDS; AND AUTHORIZING PRINTING OF AN <br />INSURANCE STATEMENT ON SAID BONDS. <br />WHEREAS, the Board of County Commissioners (the "Board") <br />of Indian River County, Florida (hereinafter called the "County"), <br />has heretofore, by Resolution adopted on November 17, 1982, as <br />supplemented, authorized the issuance of $5,000,000 General <br />Obligation Bonds (the "Bonds"); and <br />WHEREAS, by notice duly published in the manner required <br />by law, the County has offered said Bonds at public sale to be sold <br />at this time, subject to the provisions of said Notice of Sale; and <br />WHEREAS, it is necessary to award.said.Bonds to the suc- <br />cessful bidder and to fix the interest rates for said Bonds; and <br />WHEREAS, it is necessary to name the Paying Agent for said <br />Bonds;, and <br />WHEREAS, the following sealed bids have been received"for <br />said Bonds: . <br />Name of Bidder <br />Smith Barney Harris <br />Upham & Assoc. <br />Trust Co. Bank <br />of Atlanta <br />Arch W. Roberts & <br />Co. & Assoc. <br />Purchase <br />Price Bid <br />$4,970,017.60 <br />$4,960,000.00 <br />$4,961,750.00 <br />copies of which bids are attached hereto; and <br />48 <br />Net Interest <br />Cost Rate <br />6.493318% <br />6.786794% <br />6.589401% <br />