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negotiate the sale of the Series 2009 Bonds. The disclosure required by Section 218.385, Florida Statutes, as amended, shall be provided to the County, as evidenced by a schedule attached to the Bond Purchase Contract wherein the Underwriter agrees to provide disclosure to the County prior to execution by the County of the Bond Purchase Contract. The negotiated sale of not to exceed $30,000,000 Water and Sewer Revenue Refunding Bonds, Series 2009 at the subsequent determination of the County Administrator at a price not less than 98.50% (exclusive of any original issue discount on the Series 2009 Bonds) of the aggregate principal amount of such Bonds is hereby approved to the Underwriter upon substantially the terms and conditions set forth in the Bond Purchase Contract, which is hereby approved in substantially the form attached hereto as Exhibit B. The Bond Purchase Contract, with such changes, alterations and corrections as may be approved by the Chairman or Vice Chairman or the County Administrator or the Director of Management and Budget, such approval to be presumed by his execution thereof, is hereby approved by the County and the County hereby authorizes said Chairman or Vice Chairman or the County Administrator or the Director of Management and Budget to execute and deliver (attested by the Clerk) said Bond Purchase Contract in the name of and on behalf of the County, all of the provisions of which, when executed and delivered by the County as authorized herein shall be deemed to be a part of this instrument as fully and to the same extent as if incorporated verbatim herein. Award of the Series 2009 Bonds to the Underwriter with the true interest cost (taking into consideration underwriter's discount and original issue discount) on the Series 2009 Bonds not exceeding 4.35% per annum, an underwriter's discount not in excess of $6.50 per $1,000 bond issued, maturities on the Series 2009 Bonds being not later than the year 2024 and a net present value savings of not less than 5.0%, may be approved by the Chairman or Vice Chairman or the County Administrator or the Director of Management and Budget, as attested by the Clerk, without need of further authorization of the County. The Series 2009 Bonds are hereby sold to the Underwriter (subject to such conditions) in the amount, at the price and upon the final terms set forth in the Bond Purchase Contract as may be approved by the Chairman or Vice Chairman and the County Administrator or the Director of Management and Budget, as attested by the Clerk. The authorization for any Bonds authorized but not purchased by the Underwriter under the Bond Purchase Contract shall be canceled. SECTION 25. BOND INSURANCE. Insurance to insure the holder of any Bond the scheduled payment of principal and interest on behalf of the County may be purchased from the Bond Insurer and payment for such insurance, if so purchased, is hereby authorized from Bond proceeds. The County Administrator is hereby authorized to determine whether to execute an Commitment for Bond Insurance (the "Insurance Commitment") in consultation with Bond Counsel, the Financial Advisor and the underwriter for the Series 2009 Bonds and, if so, whether to execute an Insurance Commitment which results in insurance from the Insurer for either all or a portion of the Series 2009 Bonds, and if so executed, whether the sell all or any portion of the Series 2009 Bonds with such insurance. To the extent of any inconsistency between 11