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We will accept delivery of said Series 1995 Bonds through The Depository Trust Company, with the closing occurring at the office of the County Attorney of Indian River County, 1840 25th Street, Vero Beach, Florida 3296% an or about July 25, 1995, unless another date or place shall be mutually agreed upon, it being understood that the County shall furnish to us, free of charge at the time of delivery of said Series 1995 Bonds, the opinion of Bryant, Miller and Olive, PA., Bond Counsel, Tallahassee, Florida, approving the validity thereof. In accordance with the Oficial Notice of Bond Sale, we enclose herewith either (i) a Cashier's or Certified Check for $300,000 payable to the order of Indian River County, Florida, to be returned to the undersigned upon the award of said Series 1995 Bonds provided this Proposal is not accepted, or (u) provided for a Financial Surety Bond in accordance with the Oficial Notice of Sale. The check is to be cashed and the amount of the check retained by the County until the delivery of said Series 1995 Bonds and payment therefor, and is to be applied to the payment of the Series 1995 Bonds or retained as and for liquidated damages in case of the failure of the undersigned to make payment as agreed This proposal is not subject to any conditions not expressly stated herein or in the annexed Official Notice of Bond Sale. Receipt of the Preliminary Oficial Statement relating to these Series 1995 Bonds is hereby acknowledged. The names of the underwriters or members of the account or joint bidding accounts, if any, who are associated for the purpose of this Proposal are listed either below or on a separate sheet attached hereto. Name of Firm By: Name - Title. . Address City State Zip Telephone Number The following is our computation made in accordance with the Oficial Notice of Bond Sale of the true interest cost to Indian River Couety, Florida, under terms of our Proposal for Series 1995 Bonds, which is for informational purposes only and is subject to verification prior to award: Par Amount Less Original Issue Discount Less Underwriters' Discount Plus Original Issue Premium (the Original Issue Discount and Underwriters' Discount net of Original Issue rremium should not exceed [20/6] of the principal amount of the Series 1995 Bonds) Amount Bid Before Accrued Interest (This amount should match the pricebid on page 1) Less Bond Insurance Premium (if applicable) Bid For Purposes of Calculating True Interest Cost Accrued Interest True Interest Cat Rate (To July 25, 1995 and Inclusive of Insurance Premium costs and accrued interest, if any) S Pursuant to Section 218.385(2) and (3) of the Florida Statutes, as amended, the following truth -in - bonding statement is submitted as part of this proposal: 2