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INDIAN RIVER COUNTY, FLORIDA <br />RESOLUTION NO. 118 <br />A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS OF <br />INDIAN RIVER COUNTY, FLORIDA AMENDING AND SUPPLEMENTING <br />RESOLUTION NO. 93-80, PROVIDING FOR THE ISSUANCE OF NOT EXCEEDING <br />$30,000,000 WATER AND SEWER REVENUE REFUNDING BONDS, SERIES 2009, TO <br />BE APPLIED TO PAY THE COSTS OF DEFEASING A PORTION OF THE COUNTY'S <br />WATER AND SEWER REVENUE BONDS, SERIES 1993A; PROVIDING FOR THE <br />PAYMENT OF THE BONDS FROM THE NET REVENUES OF THE COUNTY'S <br />WATER AND SEWER SYSTEM AND CERTAIN OTHER MONEYS PLEDGED <br />THEREFOR, PROVIDING FOR THE RIGHTS OF THE HOLDERS OF SUCH BONDS; <br />MAKING CERTAIN OTHER COVENANTS AND AGREEMENTS IN CONNECTION <br />THEREWITH; AUTHORIZING THE NEGOTIATED SALE OF NOT TO EXCEED <br />$30,000,000 INDIAN RIVER COUNTY, FLORIDA, WATER AND SEWER REVENUE <br />REFUNDING BONDS, SERIES 2009 TO RBC CAPITAL MARKETS, SUBJECT TO THE <br />TERMS AND CONDITIONS OF A BOND PURCHASE CONTRACT; APPROVING THE <br />FORM OF SUCH PURCHASE CONTRACT RELATING TO THE NEGOTIATED SALE; <br />DELEGATING THE AUTHORITY TO EXECUTE AND DELIVER THE BOND <br />PURCHASE CONTRACT TO CERTAIN OFFICERS; AUTHORIZING THE <br />DISTRIBUTION AND EXECUTION OF A PRELIMINARY OFFICIAL STATEMENT <br />AND AN OFFICIAL STATEMENT IN CONNECTION WITH THE DELIVERY OF THE <br />SERIES 2009 BONDS; CANCELING THE REMAINING AUTHORIZED BUT <br />UNISSUED BONDS; AUTHORIZING AND APPROVING THE FORM OF ESCROW <br />DEPOSIT AGREEMENT; APPOINTING AN ESCROW HOLDER, REGISTRAR AND <br />PAYING AGENT, AUTHORIZING THE PURCHASE OF MUNICIPAL BOND <br />INSURANCE; AUTHORIZING THE FUNDING OF A DEBT SERVICE RESERVE <br />FUND; AUTHORIZING A CONTINUING DISCLOSURE UNDERTAKING; <br />PROVIDING CERTAIN OTHER MATTERS IN CONNECTION THEREWITH; AND <br />PROVIDING AN EFFECTIVE DATE. <br />BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF <br />INDIAN RIVER COUNTY, FLORIDA: <br />SECTION 1. AUTHORITY FOR THIS RESOLUTION. This resolution is adopted <br />pursuant to Chapter 125, Florida Statutes, Ordinance No. 95-16 and other applicable <br />provisions of law. <br />SECTION 2. DEFINITIONS. Unless otherwise defiled herein or the context <br />otherwise requires, the terms defined in Resolution No. 93-80 adopted by the County on <br />