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w i nuc uuYT aERTIFfCATION ON LASTPAGE J.R WITH CI ERK EXECUTION COPY RESOLUTION NO. 2015-047 A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA, SUPPLEMENTING RESOLUTION NO. 2005-059 OF THE COUNTY, AS PREVIOUSLY AMENDED AND SUPPLEMENTED; PROVIDING FOR THE SALE OF A $20,369,000 LIMITED GENERAL OBLIGATION REFUNDING NOTE OF THE COUNTY; FIXING REDEMPTION PROVISIONS AND A SERIES DESIGNATION FOR SAID NOTE; PROVIDING FOR THE SALE OF SAID NOTE TO REGIONS CAPITAL ADVANTAGE, INC.; PROVIDING CERTAIN OTHER MATTERS IN CONNECTION THEREWITH; AND PROVIDING AN EFFECTIVE DATE. WHEREAS, on May 17, 2005, the Board of County Commissioners of Indian River County, Florida (the "County" or the "Issuer") adopted Resolution No. 2005-059, (the "Original Authorizing Resolution") providing for the issuance of not to exceed $50,000,000 in aggregate principal amount of Indian River County General Obligation Bonds (the "Bonds") payable from the County's ad valorem taxes without limit on all taxable property in the County as provided in the Original Authorizing Resolution; provided, however, that the Bonds shall be structured in such a manner that at the time of issuance of any series thereof, the millage rate required to make the maximum annual payment of the principal of and interest on the Bonds shall not exceed !/2 mil of the then assessed value of all lands situated in the County subject to ad valorem taxation; and WHEREAS, the Original Authorizing Resolution was previously amended by adoption of Resolution No. 2006-067 of the County (the Original Authorizing Resolution, as so amended, the "Existing Authorizing Resolution" and the Existing Resolution, as supplemented and amended hereby and as the same may be further supplemented and amended from time to time in accordance with its terms, the "Authorizing Resolution"); WHEREAS, the County has previously issued its Limited General Obligation Bonds, Series 2006 (the "Series 2006 Bonds"); and WHEREAS, the County desires to refund the portion of the Series 2006 Bonds maturing in the years 2017 through and including 2021 (the "Refunded Bonds") to achieve debt service savings; NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA, as follows: