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RESOLUTION NO. 95- 102 <br />A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS OF <br />INDIAN RIVER COUNTY, FLORIDA PROVIDING FOR THE <br />ACQUISITION FROM THE CITY OF SEBASTIAN, FLORIDA OF ITS <br />WATER AND SEWER SYSTEM; APPROVING AND AUTHORIZING THE <br />EXECUTION AND DELIVERY OF AN INTERLOCAL AGREEMENT <br />PROVIDING FOR THE TRANSFER OF THE CITY OF SEBASTIAN WATER <br />AND WASTEWATER SYSTEM; PROVIDING FOR THE DEFEASANCE OF <br />THE $5,000,000 CITY OF SEBASTIAN, FLORIDA UTILITIES <br />SYSTEM REVENUE BONDS, SERIES 1993 IN CONNECTION <br />THEREWITH; APPROVING AND AUTHORIZING THE EXECUTION AND <br />DELIVERY OF AN ESCROW DEPOSIT AGREEMENT; AUTHORIZING THE <br />PURCHASE OF FEDERAL SECURITIES; APPOINTING AN ESCROW <br />AGENT; ESTABLISHING ITS INTENT TO REIMBURSE CERTAIN <br />ACQUISITION COSTS INCURRED WITH PROCEEDS OF FUTURE TAX- <br />EXEMPT FINANCING; MAKING CERTAIN OTHER COVENANTS AND <br />AGREEMENTS IN CONNECTION THEREWITH; PROVIDING CERTAIN <br />OTHER MATTERS IN CONNECTION THEREWITH; AND PROVIDING AN <br />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 provisions of law. <br />SECTION 2. DEFINITIONS. Unless the context otherwise <br />requires, the terms used in this Resolution shall have the meanings <br />specified in this section. Words importing singular number shall <br />include the plural number in each case and vice versa and words <br />importing persons shall include firms and corporations. <br />"Acquisition Agreement" shall mean that certain Interlocal <br />Agreement for the Transfer of the City of Sebastian Water and <br />Wastewater System between the City and the County, the form of <br />which is attached hereto as Exhibit A, pursuant to which the County <br />is to acquire the City System from the City. <br />"City" shall mean the City of Sebastian, Florida. <br />