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TO: BOARD OF COUNTY COMMISSIONERS <br />FROM: Charles P. Vitunac, County Attorney <br />DATE: July 17, 1991 <br />..,,RE: BOND RESOLUTION - 1991 WATER & SEWER REVENUE BONDS <br />•, The attached resolution has been prepared by the Bond Counsel for <br />Indian River County in connection with the refinancing of the County's <br />water and sewer bonds with the Farmers Home Administration. <br />REQUEST: The Board authorize the Chairman to execute this resolution <br />on behalf of the County. <br />Bond Counsel Chuck Sieck explained that basically the Farmers <br />Home has agreed to the County issuing bonds for the Sludge Facility <br />and to retire the notes which were issued to acquire the North <br />Beach Water System, and this bond resolution authorized the <br />building of the sludge facility, the retirement of the 1988 notes <br />for the North Beach, and the issuance of bonds to finance that. <br />ON MOTION by Commissioner Scurlock, SECONDED by <br />Commissioner Bowman, the Board unanimously adopted <br />Resolution 91-81 supplementing resolution No. 89-19 <br />authorizing the construction of a regional sludge <br />treatment facility and authorizing action on water <br />revenue bonds. <br />RESOLUTION NO. 91-_U <br />A RESOLUTION SUPPLEMENTING RESOLUTION NO. 89-19 OF <br />INDIAN RIVER COUNTY, FLORIDA, AS AMENDED AND <br />SUPPLEMENTED; AUTHORIZING THE CONSTRUCTION, ACQUISITION, <br />FURNISHING AND EQUIPPING OF A REGIONAL SLUDGE TREATMENT <br />FACILITY IN THE COUNTY; MAKING SAID FACILITY A PART OF <br />THE SYSTEM, AS DEFINED BY SAID RESOLUTION; AUTHORIZING <br />RETIREMENT OF THE WATER REVENUE BONDS, SERIES 1988, <br />ANTICIPATION NOTES OF THE COUNTY; AUTHORIZING THE <br />ISSUANCE OF NOT EXCEEDING $11,175,000 WATER AND SEWER <br />REVENUE BONDS, SERIES 1991, TO FINANCE A PORTION OF THE <br />COST OF THE FACILITY AND TO RETIRE SAID NOTES, AS <br />ADDITIONAL PARITY BONDS UNDER SAID RESOLUTION; MAKING <br />CERTAIN COVENANTS AND AGREEMENTS IN CONNECTION <br />THEREWITH; AND PROVIDING AN EFFECTIVE DATE. <br />RESOLUTION 91-81, IN ITS ENTIRETY, IS ON FILE IN THE OFFICE OF <br />CLERK TO THE BOARD <br />JUL 23 99p <br />35 <br />BOOK <br />