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BOOK 88 F-nE A 7 <br />ON MOTION by Commissioner Bird, SECONDED by <br />Commissioner Adams, the Board unanimously adopted <br />Resolution 92-217, specifying certain terms and <br />provisions for the $7,530,000 aggregate principal <br />amount of refunding revenue bonds, series 1992, of <br />Indian River County, Florida; designating each of <br />the bonds as a "qualified tax-exempt obligation"; <br />approving, accepting and authorizing the execution <br />and delivery of a bond purchase agreement for the <br />award and sale of the bonds, at private sale by <br />negotiation, to the purchaser thereof; authorizing <br />the purchase of municipal bond insurance with <br />respect to the bonds; appointing a paying agent and <br />bond registrar for the bonds; ratifying the <br />distribution of a preliminary official statement; <br />authorizing the execution and distribution of an <br />official statement in connection with the marketing <br />of the bonds; providing for the termination of the <br />series 1987 bonds reserve subaccount created under <br />Resolution No. 87-59; providing for the retirement <br />of a portion of the outstanding refunding and <br />improvement revenue bonds, series 1985, of the <br />County and the retirement of all of the outstanding <br />capital improvement revenue bonds, series 1987, of <br />the County; approving the form of an escrow <br />agreement in connection with said retirements; <br />appointing an escrow agent; providing for certain <br />other matters relating to the bonds and said <br />retirements; authorizing all other necessary, <br />desirable and/or appropriate actions in connection <br />with the sale, issuance and delivery of the bonds <br />and said retirements and specifying the effective <br />date hereof. <br />42 <br />