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Land Acquisition Authority Council
Finance acquisition of environmentally significant land to protect environment
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RESOLUTION NO. 95- 63 <br />A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS OF <br />INDIAN RIVER COUNTY, FLORIDA PROVIDING FOR THE ISSUANCE <br />OF GENERAL OBLIGATION BONDS OR NOTES OF INDIAN RIVER <br />COUNTY, FLORIDA IN ONE OR MORE SERIES, IN AN AMOUNT NOT <br />TO EXCEED $26,000,000 AGGREGATE PRINCIPAL AMOUNT TO <br />FINANCE THE COST OF ACQUIRING ENVIRONMENTALLY SIGNIFICANT <br />LAND TO PROTECT WATER QUALITY, OPEN SPACES, AND WILDLIF.r <br />HABITAT; PROVIDING FOR THE PAYMENT OF THE BONDS FROM AD <br />VALOREM TAXES OF THE COUNTY; PROVIDING FOR THE RIGHTS, <br />REMEDIES AND SECURITY OF THE HOLDERS OF SUCH BONDS; MAK- <br />ING OTHER COVENANTS AND AGREEMENTS IN CONNECTION <br />THEREWITH; AND PROVIDING FOR CERTAIN MATTERS WITH RESPECT <br />THERETO AND AN EFFECTIVE DATE. <br />BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF INDIAN <br />RIVER COUNTY, FLORIDA, that: <br />SECTION 1. AUTHORITY FOR THIS RESOLUTION. This Resolution is <br />adopted pursuant to the Constitution of Florida, Section 125.01, <br />Florida Statutes, and other applicable law; Resolution No. 92-146 <br />of the Board of County Commissioners of Indian River County, <br />Florida, adopted August 18, 1992; and the vote of the electors of <br />Indian River County, Florida on November 3, 1992, in accordance <br />with Chapter 100, Florida Statutes. <br />SECTION 2. FINDINGS. It is hereby found and determined: <br />(A) The acquisition of environmentally significant land to <br />protect water quality, open spaces, and wildlife habitat consti- <br />tutes a public purpose for which bonds payable from county ad <br />valorem taxes may be issued pursuant to the Constitution of the <br />State of Florida and Chapter 125 Florida Statutes, as amended. <br />1 <br />
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