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NGN Draft No.2 1/16/19 <br />262.11 <br />RESOLUTION NO. 007 <br />A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS <br />OF INDIAN RIVER COUNTY, FLORIDA AUTHORIZING THE <br />REDEMPTION OF $1,125,000 IN AGGREGATE PRINCIPAL AMOUNT <br />OF ITS INDIAN RIVER COUNTY, FLORIDA REVENUE BONDS <br />(SPRING TRAINING FACILITY), SERIES 2001; AUTHORIZING A <br />REDEMPTION NOTICE, NOTICE TO REDEEM AND CERTAIN <br />OTHER DOCUMENTATION; AND PROVIDING AN EFFECTIVE <br />DATE. <br />BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF <br />INDIAN RIVER COUNTY, FLORIDA, that: <br />SECTION 1. AUTHORITY FOR THIS RESOLUTION. This resolution is adopted <br />pursuant to the provisions of Section 125.01, et seq., Florida Statutes, and other applicable <br />provisions of law. <br />SECTION 2. FINDINGS. It is hereby ascertained, determined and declared that: <br />A. Indian River County, Florida (the "County") has previously issued its Revenue <br />Bonds (Spring Training Facility), Series 2001 (the 'Bonds"). <br />B. The County desires to redeem $1,125,000 in aggregate principal amount of said <br />Bonds from legally available funds of the County, and to specify the manner of such redemption. <br />SECTION 3. AUTHORIZATION OF REDEMPTION. $1,125,000 of the Bonds, as <br />described in the form of Notice of Redemption attached hereto as Exhibit A, are hereby <br />authorized to be redeemed by the County. The County hereby authorizes the Chairman to <br />execute any notice to redeem, continuing disclosure filing and other documentation in <br />connection therewith. <br />SECTION 4. REPEAL OF INCONSISTENT PROVISIONS. All resolutions or <br />parts thereof in conflict with this Resolution are hereby repealed to the extent of such conflict. <br />SECTION 5. SEVERABILITY. In the event that any portion or section of this <br />Resolution is determined to be invalid, illegal or unconstitutional by a court of competent <br />jurisdiction, such decision shall in no manner affect the remaining portions or sections of this <br />Resolution, which shall remain in full force and effect. <br />SECTION 6. EFFECTIVE DATE. This Resolution shall take effect immediately <br />upon its final passage and adoption. <br />1 <br />