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JUL 23 A91 <br />BOOK 83 f-,,tIA43 <br />RESOLUTION NO. 91 - 80 <br />A RESOLUTION'AUTHORIZING THE EXECUTION AND <br />DELIVERY OF A BOND PURCHASE AGREEMENT FOR THE <br />AWARD AND SALE OF $6,015,000 AGGREGATE <br />PRINCIPAL AMOUNT OF RECREATIONAL REVENUE BONDS, <br />SERPES 1991, OF INDIAN RIVER COUNTY, FLORIDA, <br />AT PRIVATE SALE BY NEGOTIATION, TO THE <br />PURCHASER THEREOF; AUTHORIZING AND APPROVING <br />CERTAIN TERMS OF SAID BONDS; PROVIDING FOR <br />CERTAIN MATTERS RELATING TO THE BONDS; <br />APPOINTING A PAYING AGENT AND BOND REGISTRAR <br />FOR THE BONDS; RATIFYING THE DISTRIBUTION OF A <br />PRELIMINARY OFFICIAL STATEMENT; AUTHORIZING THE <br />EXECU'T'ION AND DISTRIBUTION OF AN OFFICIAL <br />STATEMENT IN CONNECTION WITH THE MARKETING OF <br />THE BONDS; AUTHORIZING ALL OTHER NECESSARY, <br />DESIRABLE AND/OR APPROPRIATE ACTIONS IN <br />CONNECTION WITH THE SALE, ISSUANCE AND DELIVERY <br />OF THE BONDS; AND SPECIFYING THE EFFECTIVE DATE <br />HEREOF. <br />WHEREAS, the Board of County Commissioners of Indian <br />River County, Florida (the "Board" and the "County", respectively), <br />by Resolution No. 91-70, duly adopted on June 18, 1991, as amended <br />(the "Resolution"), authorized the issuance of Recreational <br />Revenue Bonds, Series 1991, of the County in an aggregate principal <br />amount not to exceed $6,500,000 (the "Bonds"), as Additional <br />Parity Obligations under.and pursuant to Resolution No. 85-78 of <br />the County, as amended and supplemented; <br />WHEREAS, the County deems it in its long term best <br />interest that the Bonds be sold at this time at private sale by <br />negotiation; <br />WHEREAS, it is necessary and desirable to authorize and <br />RESOLUTION 91-80, IN ITS ENTIRETY, IS ON FILE IN THE OFFICE OF <br />CLERK TO THE BOARD <br />20 <br />