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?ESOLUTION NO. 86-19 <br />A RESOLUTION AMENDING A RESOLUTION OF THE <br />BOARD OF COUNTY COMMISSIONERS OF INDIAN <br />RIVER COUNTY, FLORIDA, ENTITLED: <br />"A RESOLUTION PROVIDING FOR THE CONSTRUCTION <br />AND EQUIPMENT OF A PUBLIC GOLF COURSE IN <br />INDIAN RIVER COUNTY, FLORIDA; AUTHORIZING THE <br />ISSUANCE OF NOT EXCEEDING $4,200,000 <br />RECREATIONAL REVENUE BONDS, SERIES 1985, TO <br />FINANCE THE COST THEREOF; AND PROVIDING FOR <br />THE PAYMENT OF THE PRINCIPAL OF AND INTEREST <br />ON SUCH BONDS FROM THE NET REVENUES TO BE <br />DERIVED FROM THE OPERATION OF THE GOLF COURSE, <br />THE RACETRACK FUNDS AND JAI ALAI FRONTON FUNDS <br />ACCRUING ANNUALLY TO INDIAN RIVER COUNTY, <br />FLORIDA, PURSUANT TO LAW, AND CERTAIN <br />INVESTMENT INCOME." <br />DULY ADOPTED ON JULY 17, 1985, BY MAKING <br />CERTAIN CHANGES NECESSARY FOR THE ISSUANCE <br />OF A MUNICIPAL BOND INSURANCE POLICY WITH <br />RESPECT TO THE BONDS; AND PROVIDING AN <br />EFFECTIVE DATE. <br />BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF <br />INDIAN RIVER COUNTY, FLORIDA: <br />SECTION 1. AUTHORITY FOR RESOLUTION. This resolution <br />is adopted pursuant to the provisions of Chapter 125, Florida <br />Statutes, Indian River County Ordinance No. 77-19, duly enacted <br />by the Board on August 3, 1977, as amended, and other applicable <br />provisions of law. <br />SECTION 2. FINDINGS. <br />mined and declared that: <br />It is hereby ascertained, deter- <br />A. The Board of County Commissioners of Indian River <br />County, Florida (the "Board"), on July 17, 1985, duly adopted a <br />resolution entitled: <br />"A RESOLUTION PROVIDING FOR THE CONSTRUCTION <br />AND EQUIPMENT OF A PUBLIC GOLF COURSE IN <br />INDIAN RIVER COUNTY, FLORIDA; AUTHORIZING THE <br />ISSUANCE OF NOT EXCEEDING $4,200,000 <br />RECREATIONAL REVENUE BONDS, SERIES 1985, TO <br />FINANCE THE COST THEREOF; AND PROVIDING FOR <br />THE PAYMENT OF THE PRINCIPAL OF AND INTEREST <br />ON SUCH BONDS FROM THE NET REVENUES TO BE <br />DERIVED FROM THE OPERATION OF THE GOLF COURSE, <br />THE RACETRACK FUNDS AND JAI ALAI FRONTON FUNDS <br />ACCRUING ANNUALLY TO INDIAN RIVER COUNTY, <br />FLORIDA, PURSUANT TO LAW, AND CERTAIN <br />INVESTMENT INCOME." <br />(the "Resolution"). <br />-1- Boa 64 FD.HJS9- <br />APP 16 1986 <br />