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RESOLUTION NO. 1995-075 A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA, SUPPLEMENTING RESOLUTION NO. 95-63; PROVIDING FOR THE SALE OF NOT TO EXCEED $15,000,000 GENERAL OBLIGATION BONDS OF INDIAN RIVER COUNTY, FLORIDA; FIXING REDEMPTION PROVISIONS AND SERIES DESIGNATION FOR THE BONDS; SETTING FORTH THE FORM OF THE NOTICE OF BOND SALE AND SUMMARY NOTICE OF BOND SALE RELATING TO THE SALE OF SUCH BONDS; DIRECTING PUBLICATION OF THE SUMMARY NOTICE OF SALE RELATING TO SUCH BONDS; PROVIDING FOR THE OPENING OF BIDS RELATING TO THE SALE OF THE BONDS; SETTING FORTH THE OFFICIAL NOTICE OF SALE AND BID FORMS; PROVIDING THAT SUCH BONDS SHALL BE ISSUED IN FULL BOOK ENTRY FORM AND AUTHORIZING THE EXECUTION AND DELIVERY OF A LETTER OF REPRESENTATION WITH THE DEPOSITORY TRUST COMPANY; APPROVING THE FORM OF A PRELIMINARY OFFICIAL STATEMENT; COVENANTING TO PROVIDE CONTINUING DISCLOSURE; AUTHORIZING THE SELECTION OF A REGISTRAR AND PAYING AGENT; AUTHORIZING THE SELECTION OF A PROVIDER OF MUNICIPAL BOND INSURANCE; PROVIDING CERTAIN OTHER MATTERS IN CONNECTION THEREWITH; AND PROVIDING AN EFFECTIVE DATE. WHEREAS, on May 16, 1995, the Board of County Commissioners of Indian River County, Florida (the "County" or the "Issuer") enacted Resolution No. 95-63 (the "Resolution") to provide for the issuance of not to exceed $26,000,000 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 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 1/2 mil of the then assessed value of all lands situated in the County subject to ad valorem taxation; and WHEREAS, it is in the best interest of the County to provide for the current public sale of not to exceed $15,000,000 of such Bonds as the initial series thereof, and to reserve the remaining $11,000,000 authorized amount for subsequent issuance by the County; NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA, as follows: SECTION 1. SERIES DESIGNATION. The series designation for the initial series of Bonds is hereby determined to be Series 1995 (and hereinafter the Bonds are referred to as the "Series 1995 Bonds").