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EXHIBIT "C" (Supplemental Opinion of Bond Counsel) 1991 William R, Hough & Co. St. Petersburg, Florida Re: $ Indian River County, Florida, Recreational Revenue Bonds, Series 1991 We have acted as Bond Counsel in connection with the issuance and sale by the Board of County Commissioners of Indian River County, Florida (the "Issuer") of the above -referenced bonds (the "Bonds"). All terms used herein in capitalized form and not otherwise defined herein shall have the meaning ascribed hereto pursuant to the resolution adopted by the Issuer on July 17, 1985, pertaining to the Bonds, as amended and supplemented (the "Bond Resolution"). The opinions expressed herein are supplemental to our bond counsel opinion pertaining to the Bonds rendered to the Issuer as of the date hereof, the form of which is printed on the reverse side thereof. Although such Opinion was addressed to the Issuer, you are hereby authorized to rely on the it to the same extent as if it were addressed to you. In our capacity as Bond Counsel we have reviewed the Preliminary Official Statement of the Issuer dated July 17, 1991 and the Official Statement of the Issuer dated July , 1991 (collectively, the "Official Statement"). We have participated in the preparation of the statements contained in the Official Statement on the cover thereof, under the captions "THE DESCRIPTION OF THE SERIES 1991 BONDS," "SECURITY FOR THE SERIES 1991 BONDS," "APPROVAL OF LEGALITY," and "TAX EXEMPTION," and in the "SUMMARY OF CERTAIN PROVISIONS OF THE RESOLUTION" contained as APPENDIX "C" to the Official Statement and the "FORM OF OPINION OF BOND COUNSEL" contained as APPENDIX "E" to the Official Statement. Based upon our participation, we believe that insofar as such statements constitute summaries of the Bonds, the Bond Resolution and the federal and State of Florida tax status of the Bonds, such statements are accurate and correct in all material respects. Except as stated herein we are not passing upon and do not assume any responsibility for the accuracy, completeness, or fairness of any of the statements contained in the Official Statement.