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Name of Project Location Description of Existing Projects to be Financed <br /> Facility <br /> Indian River Estates 2250 Indian Creek Blvd. 349 independent living Miscellaneous capital <br /> East West,Vero Beach units,central facilities, improvements and <br /> (Indian River County) 71 assisted living units renovations and the <br /> Florida 32966-1395 and a 100-bed medical acquisition of capital <br /> care facility equipment <br /> -- Indian River Estates 7730 Indian Oaks Drive. 173 independent living Miscellaimms capital <br /> West Vero Beach units and central improvements and <br /> (Indian River County) facilities renovations and the <br /> Florida 32966-5133 acquisition of capital <br /> equipment, including, <br /> but not limited to,the <br /> construction of 70 <br /> independent living units <br /> and the acquisition of an <br /> approximately 10-acre <br /> tract of land located on <br /> the south side of 26" <br /> Street, between 82'd <br /> Avenue and 741 <br /> Avenue,adjacent and <br /> contiguous to the <br /> existing facilities,being <br /> property appraiser's <br /> Parcel Identification <br /> Number 01-33-38- <br /> 00001-0030-00001.0. <br /> (ii)finance the costs of capitalized interest; (iii)fund a portion of the 1998 Master Reserve <br /> Fund; and(iv)pay all or a portion of the expenses incurred in connection with the issuance of <br /> the Bonds; and <br /> WHEREAS,the Facilities are owned and operated by ACTS;and <br /> WHEREAS, the Authority proposes to finance two of the projects located in Indian <br /> River County pursuant to a First Amendment to an Interlocal Agreement previously executed <br /> and authorized by Section 163.01(4), Florida Statutes with the Board of County <br /> Commissioners of Indian River County, Florida; and <br /> 011.194382.1 -2- <br />