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APP 2 1 1989 BOOK 76 PAGE 723 <br />Charles Sieck, Bond Counsel, came before the Board to review <br />the proposed Resolution, which he explained awards the bonds to <br />Gulfstream and authorizes County officials to execute all <br />necessary documents. It also authorizesretirement of the bonds <br />held by FmHA at this designated price. <br />ON MOTION BY Commissioner Eggert, SECONDED by Com- <br />missioner Bowman, the Board unanimously adopted <br />Resolution 89-42 authorizing sale and award of <br />$6,510,000 Water and Sewer Revenue Refunding Bonds, <br />etc. <br />RESOLUTION NO. 89 - 42 <br />A RESOLUTION AUTHORIZING THE EXECUTION AND <br />DELIVERY OF A BOND PURCHASE AGREEMENT FOR THE <br />SALE AND AWARD OF $6,510,000 AGGREGATE <br />PRINCIPAL AMOUNT OF WATER AND SEWER REVENUE <br />REFUNDING BONDS, SERIES 1989, OF INDIAN RIVER <br />COUNTY, FLORIDA, AT PRIVATE SALE BY <br />NEGOTIATION, TO THE PURCHASER THEREOF; <br />AUTHORIZING AND APPROVING CERTAIN TERMS OF SAID <br />BONDS; RATIFYING THE DISTRIBUTION OF A <br />PRELIMINARY OFFICIAL STATEMENT; AUTHORIZING THE <br />EXECUTION AND DISTRIBUTION OF AN OFFICIAL <br />STATEMENT IN CONNECTION WITH THE MARKETING OF <br />SAID BONDS; AUTHORIZING ALL OTHER NECESSARY, <br />DESIRABLE AND/OR APPROPRIATE ACTIONS IN <br />CONNECTION WITH THE ISSUANCE AND DELIVERY OF <br />SAID BONDS; APPOINTING A PAYING AGENT AND BOND <br />REGISTRAR FOR SAID BONDS; AUTHORIZING THE <br />PURCHASE, REDEMPTION AND RETIREMENT OF CERTAIN <br />BONDS OF THE COUNTY; AUTHORIZING ALL NECESSARY, <br />DESIRABLE AND/OR APPROPRIATE ACTIONS IN <br />CONNECTION THEREWITH; AND SPECIFYING THE <br />EFFECTIVE DATE HEREOF. <br />WHEREAS, the Board of County Commissioners of Indian <br />River County, Florida (the "Board" and the "County", respectively), <br />by Resolution No. 89-19, duly adopted on February 14, 1989, <br />heretofore authorized the issuance of Water and Sewer Revenue <br />Refunding Bonds, Series 1989, of the County in an aggregate <br />principal amount not to exceed $7,500,000 (the "Bonds"); <br />6 <br />