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RECOMMENDATION The staff of the Department of Utility Services recommends approval of the attached resolution. ON MOTION by Commissioner Adams, SECONDED by Commissioner Eggert, the Board unanimously (4-0, Commissioner Macht having left the meeting early) adopted Resolution 94-45, establishing the intent of the Board of County Commissioners to reimburse certain expenditures in connection with the Phase IV water main extension project from the proceeds of future bond issues, as recommended by staff. RESOLUTION NO. 94-45 A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA, ESTABLISHING ITS INTENT TO REIM- BURSE CERTAIN EXPENDITURES IN CONNECTION WITH THE PHASE IV WATER MAIN EXTENSION PROJECT FROM THE PROCEEDS OF FUTURE BOND ISSUES, AND PROVIDING AN EFFECTIVE DATE. WHEREAS, Indian River County, Florida, (the County) expects to make certain expenditures in connection with the Phase IV Water Main Extension Project of the County; and WHEREAS, the County intends to reimburse itself for said expenditures from the proceeds of future bond issues; NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA, that: 1. The County expects to make certain expenditures in connection with the Phase IV Water Main Extension Project of the County (the Project) . The County intends to finance said expenditures by the issuance of one or more future bond issues. Some or all of said expenditures are expected to be paid prior to the issuance of said future bond issues. Therefore, said expenditures will be paid from the Utility Operating Fund, the Utility Impact Fee Fund, and the Utility Special Assessment Project Fund of the County. The County intends to reimburse said funds for said expenditures out of the proceeds of said future bond 57 MAR 8 1994 BOOK 91 PtKA59