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PRELIMINARY OFFiCiAI, S'TATF.AIENT DATED APRIL 2, 1993
<br />Y ,G G
<br />m o p Rutingat Mootjy'at
<br />A! u Standard A Pooesi
<br />z; L6 Fitcht—
<br />o -c (FGiC Inured) See "Ratings" 1 eC earn
<br />e ,3. in the opinion of Bond Courws
<br />l, aurndng continuing compliance by to County with tzrtain covenant to comply with pirwisimm otthe Internal
<br />a tl1 Rnmlte Coded 1998, an amended, interest on the Series 19M Bonds is excluded (earn gnaw Income for purpcyea of federal incases taxaliol and is not an
<br />-- $ a iteMori" renames far of the federal alternative minimum tax imposed on individuals and ationo tinder existing statutes, regulations and
<br />( caPw rat
<br />��� : althoag ih t should be noted flat in the case of corporations w Wined for federal income Wx purposes), such interest is 4kenioto account
<br />a o in determining adjusted cement earnings for purposes of much alternative minimum tax. Furthermore, in the opinion of Bond Counsel, this Series 1993
<br />l o Bonds and the income therefrom are exempt from taxatim under the laws of the Stat of Florida, except as to estate taxes and taxes imposed byy Chapter
<br />s-� m 220, Florida Statutes, m interest, income or profit on debt obligations owned by corporations, banks and saving(. associations (see TAX EXSMI'TION"
<br />herein for Auther inf.tion).
<br />0 0 $46,756,000* $3,410,000*
<br />INDIAN RIVER COUNTY, FLORIDA INDIAN RIVER COUNTY, FLORIDA
<br />a o Water and Sewer Revenue Bonds Water and Sewer Revenue Bonds
<br />X'_ Series 1993A Series 1999B
<br />�
<br />Datadt March 1, 199! Duel September 1, as shown below
<br />too
<br />`"- E .a The Water and Sewer Revenue Bonds, Seri" 1993A (the "Series 1D93A Bonds") and the Water and Sewer Revenue Bonds, Series 19WB (the 'Series
<br />IMB Bonds), (collectively, the "Seri" 1993 Bonds") are being issued by Indian River County, Florida (the 'County*) in fully registered form in
<br />0 8 w denominations of MAW or any integral multiple thereof. Interest on the Seri" 1993 Ronde in payable semiannually on March I and September 1,
<br />m c 7 commencing September 1, 1983, by check or draft of NationsBank of Florida, N.A, Font Lauderdale, Florida, ms Paying Agent ('Paying Agent), made out
<br />of o v and mailed to the Registered Owner, as shown on the registration books of the County maintained by NationsBank of Florida, N.A, Fort Lauderdale,
<br />Florida am Bond Registrar ('Bond Registrar"), on the fifteenth day of the month next preceding the applicable interest payment data and as otherwise
<br />/• a described herein. The principal d the Series 1993 Bonds, when due, and any premium thereon will be payable upon presentation and surrender thereof at
<br />q{ E ,c the principal tatrust otrim d the Psyin Agent. The Series 1993A Bonds an subject to mandatory and optional redemption, prim to maturity as
<br />C:•.," a ry set IDrib herd Series 1893B Bands an su�ject to extranrdi nary mandatory redemption, prior to maturity as met forth herein.
<br />t The Series 1993 Bonds are being isuod pumamas t to the authority of the Const Lf tu tion and laws of the State of Florida, including Chapter 126. Florida
<br />e-• Statutes, and other applicable provisions of law (the 'Act') and Indian River County Resolution No. 93._,as the same may be amended and
<br />supplemented (the'Master Bond Resolution).
<br />cO a The Series 1993 Bonds an being issued by the County to provide funds, together with certain other legally available funds, to (1) retire certain
<br />outstanding bends d the County as described here!n, (ii) provide funds to make certain capitol Improvement and additims to the System (as herein
<br />• `:` �'- deIIrodj, (fit) nuke a deposit to the Reserve Account established under the Master Bond Resolution, (iv) fund the Sinking Fund in an amount to pay a
<br />O e portion d the interest Ant caring due on the Series 1993 Bonds, and (v) pay certain cost incurred in connection with the issuance of the Series 1993
<br />•' fi •E Bonds, all as more partkulsAy described herein.
<br />Iwo a The payment of the principal of, and interest on the Seri" 1993 ponds when due will be insured by a municipal bond insurance policy to be issued
<br />simultaneously with the delivery of the Series 1993 Bonds by Financial Guaranty Insurance Company.
<br />,.,.E tib,
<br />Financia) Cuaranly Insurance
<br />E a (/rmpany
<br />Sank. mark used by Fh%—Ial Casrsnty lawrsoes Company, • print, company not aM11.1.6 with any US ao,t,m_nl apncy.
<br />G a The Series 1993 Bonds arelimited obligatio s of Indian River County, Florida. The Series 1993 Bonds are payable by the County from and secured
<br />oe by a llen upon and pledge dile Net Revenuesolthe System and annum ondeposit In the Sinking Fund, the blond Amortization Account and the Reserve
<br />a Account established under the Master Bond Resolution, all as described herein.
<br />E u .n NEITHER THE COUNTY, THE STATE OF FLORIDA NOR ANY POLITICAL. SUBDIVISION THEREOF HAS PLEDGED ITS FULL FAITH OR
<br />o r3 CREDIT OR TAXING POWER TO THE PAYMENT OF THE SERIES 1993 BONDS. NO HOLDER OF THE SERIES 1993 BONDS SHALL EVER HAVE
<br />'G THE RIGHT TO COMPEL THE EXERCISE OF ANY AD VALOREM TAXING POWER OF THE COUNTY Olt TAXATION IN ANY FORM ON ANY REAL
<br />o, o 'o PROPERTY THEREIN TO PAY THE SERIFS 1993 BONDS OR THE INTEREST DUE THEREON NOR BE ENTITLED TO PAYMENT OF THE SERIES
<br />w
<br />1993 BONDS FROM ANY FUNDS OF THE COUNTY EXCEPT AS DESCRI TIED )i F.REIN.
<br />aro c o SERIES 1993A BONDS
<br />G s MATURITIES, AMOUNTS, INTEREST RATES AND PRICES OR YIELDS -
<br />ti
<br />{ Sorlal Bonds
<br />li
<br />Principal
<br />Interest Principal Interoat
<br />n Maturity Amount Rata Yield Maturity Amount Hate
<br />Yield
<br />X . c G c 1993 { % `% 1999 E % %
<br />-�' 0 1994 2000
<br />.c i, •a 1996 2001
<br />'a = .`-' 1996 2002
<br />c C 1997 2003
<br />1998 2004
<br />e r { %Term Honda, due 1, _- Price _%to Yield
<br />u
<br />e E E _%Term Bond., due 1,_- Price to Yield
<br />o u H (plus accrued intent from 1, 1993)
<br />E vt c
<br />o .N 0 SERIES 1993B BONDS
<br />' `S-- MATURITIES, AMOUNTS, INTEREST RATES AND PRICES OR YIELDS -
<br />0
<br />fi a -
<br />.;'. { Suri.l Bonds
<br />w •� Principal Interest
<br />Principal Interoat
<br />u
<br />V E to Maturity Amount Rate Yield Maturity Amount Rate Yield
<br />E v r°1, 1893 8 % % 1997 E % %
<br />$ •.- 1994
<br />-`N o 1998
<br />96 19 1999
<br />w 1996 2000
<br />(Plus accrued interest from 1, 1993)
<br />ei This cover contains certain Information for quick reference only. It is not a mummery of this issue. Investors must rend the entire Official Statement
<br />mai to obtain information essential to the asking ofan informed investment derision.
<br />ski
<br />c u
<br />The Sari" 1993 hands are cleared when, as and if issued and received by the Underwriter, subject W the approval of legality by Rhoads & Sisson,
<br />a $ Boca Raton, Florida, Bond Counsel to the County. Certain legal matters will be passed upon for the County by Charle. 1'. Vilunse, Esquire, County
<br />dm Attorney and for the Underwriter by their Co-Counael, Bryant, Miller and Olive, P.A., Tallahassee, Florida and Josias & Goren, P.A., Fort Lauderdale,
<br />t2 M Florida with respect to the Series 1993 Bonds. It is expected that the Seri" 1993 Bonds will bo available for delivery in Now York, New York, in definitive
<br />m °c farm on or about
<br />Dated April_, 1993 William R. Hough & Ca
<br />I4 •Preliminary, subject to change.
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