1995-075 - Laserfiche WebLink

Home Browse Search

MUNICIPAL BOND INSURANCE The County has applied to three municipal bond insurers for a commitment for the issuance of a municipal bond insurance policy insuring the principal and interest on the Bonds when due. Provision of municipal bond insurance is at the option of the bidder. The identification of the municipal bond insurer will be provided to prospective bidders by way of (Munifacts] prior to the time bids are required to be submitted to the County. THE COUNTY Background Indian River County (the "County") was established in 1925 by an act of the Florida Legislature, separating it from St. Lucie County. The County encompasses approximately 497 square miles and is located in the middle of Florida on the eastern coast, approximately 100 miles southeast of Orlando and approximately 160 miles north of Miami. The County is bounded on the north by Brevard County, on the south by St. Lucie County, on the west by Osceola and Okeechobee Counties and on the east by the Atlantic Ocean. The City of Vero Beach is the seat of County government and the largest city in the County. Other incorporated cities located within the County are Fellsmere, Indian River Shores, Orchid and Sebastian. There are approximately 100 miles of waterfront land in the County, including about 23 miles of Atlantic beaches. For additional information see Appendix B "General Information Pertaining to Indian River County, Florida". County Government Indian River County utilizes a County Commission/County Administrator form of government. Indian River County is governed by a five -member Board of County Commissioners (the "Board") elected for 4 year overlapping terms. The Board elects its Chairman and Vice -Chairman, and appoints a County Administrator, County Attorney and executive aide to the Board. The County Administrator is responsible for the administration and operation of the County government. Other elected County officials are the Tax Collector, Property Appraiser, Supervisor of Elections, Clerk of the Circuit Court, Sheriff, Circuit Court Judges, and County Judges. Each serves a 4 year term and employs personnel to carry out his or her respective functions. The Board The members of the Board and the expiration of their terms are as follows: Name Office Term Expires Kenneth R. Macht Chairman November 1996 Fran B. Adams Vice Chairman November 1996 Carolyn K. Eggert Member November 1998 John W. Tippin Member November 1998 Richard N. Bird Member November 1996 3247/IND38NM-9/P0S-B0DY-1 17