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C_ RESOLUTION NO. 83- A RESOLUTION PROVIDING FOR THE FINANCING OF THE ACQUISITION, CONSTRUCTION AND EQUIPMENT OF A 120 -BED NURSING HOME FACILITY LOCATED AT 1310 37TH STREET, VERO BEACH, FLORIDA, _ IN INDIAN RIVER COUNTY, FLORIDA; PROVIDING FOR THE ISSUANCE OF NOT EXCEEDING $2,400,000 INDUSTRIAL DEVELOPMENT REVENUE BONDS, SERIES 1983 (FLORIDA HEALTH FACILITIES, PROJECT), OF INDIAN RIVER COUNTY, FLORIDA, THE PROCEEDS OF WHICH WILL BE LOANED TO FLORIDA HEALTH FACILITIES CORP. (OF INDIAN RIVER COUNTY), THE OWNER OF SUCH PROJECT, TO PAY THE COST THEREOF; PROVIDING FOR THE RIGHTS OF THE HOLDERS OF SUCH BONDS AND FOR THE PAYMENT THEREOF; APPOINTING A TRUSTEE AND PAYING AGENT FOR THE HOLDERS OF THE BONDS; AUTH- ORIZING THE SALE OF THE BONDS AND EXECU- TION AND DELIVERY OF A TRUST INDENTURE, LOAN AGREEMENT, MORTGAGE AND SECURITY AGREEMENT, AND GUARANTY AGREEMENT; MAKING CERTAIN OTHER COVENANTS AND AGREEMENTS IN CONNECTION WITH THE ISSUANCE OF THE BONDS; AND PROVIDING AN EFFECTIVE DATE. BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA: SECTION 1. AUTHORITY FOR RESOLUTION. This resolution is adopted pursuant to Chapter 159, Part II, Florida Statutes, and other applicable provisions of law (collectively, the "Act"). SECTION 2. DEFINITIONS. Unless the context otherwise requires, the terms used in this resolution shall have the meanings specified in the Trust Indenture (the "Indenture") and Loan Agreement, Mortgage and Security Agreement (the "Loan Agreement") attached hereto as Exhibits A and B, respectively. SECTION 3. FINDINGS. It is hereby ascertained, deter- mined and declared as follows: A. Indian River County, Florida (the "Issuer"), is authorized by the Act to make and execute financing agreements, -1- OCT 19 1983 K 55 Face 121