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Section 5. The principal of and premium, if any, and interest on the Bonds and all <br />payments required under the proposed financing agreements, including the Interlocal <br />Agreement, shall be payable solely by the Authority from the proceeds derived by the <br />Authority under the proposed financing agreements, and Indian River County shall never be <br />required to (i) levy ad valorem taxes on any property within its territorial limits to pay the <br />principal of and premium, if any, and interest on the Bonds or to make any other payments <br />provided for under the proposed financing agreements, or (ii) pay the same from any funds of <br />Indian River County whatsoever. Adoption of this Resolution does not authorize or commit the <br />expenditure of any funds of Indian River County to pay the costs of issuance of such Bonds. <br />The Bonds are limited, special obligations and will not constitute a debt of the State of Florida, <br />Indian River County, Escambia County, or other participating Counties or the Authority or <br />other participating Housing Finance Authorities, but will be payable solely from payments <br />made from the revenues generated from the Program. <br />Section 6. All resolutions or parts thereof of the Indian River Board in conflict with <br />the provisions herein contained are, to the extent of such conflict, hereby superseded and <br />repealed. <br />RIL-04/30!09-3073-County Does -Indian River BCC Reso-v 1 4 <br />