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GENERAL INFORMATION CONCERNING INDIAN RIVER COUNTY, FLORIDA <br />The following information has been provided by Indian River County, Florida, and Is included only <br />for the purpose of providing general background Information. The Information has been compiled on behalf <br />of the County, and such compilation involved oral and written communication with various of the sources <br />indicated. The Information Is subject to change, although efforts have been made to update Information where <br />practicable. <br />The Series 1993 Bonds are not a general obligation of the State of Florida or any political subdivision <br />thereof, including Indian River County, and are only payable from the sources described in the official statement. <br />Descriptioo <br />Indian River County (the "County") was established in 1925 by an Act of the legislature separating it <br />from St. Lucie County. The County encompasses approximately 497 square miles and is located in the middle <br />of Florida on the eastern coast, approximately 135 miles north of Miami, 190 miles south of Jacksonville and <br />135 miles east of St. Petersburg. The County is bounded on the north by Brevard County, on the south by St. <br />Lucie County on the west by Osceola and Okeechobee Counties and on the east by the Atlantic Ocean. The <br />City of Vero Beach is the seat of County government and the largest city in the County. Other incorporated <br />cities located within the County are Fellsmere, Indian River Shores, Orchid and Sebastian. There are <br />approximately 100 miles of waterfront land in the County, including approximately 23 miles of Atlantic Ocean <br />beaches. <br />Government <br />Indian River County has a five -member Board of County Commissioners (the "Commission"). Each <br />member represents one of five districts, elected at large (County -wide) for staggered terms of four years. The <br />Chairman and Vice -Chairman are elected by the Commission. A County Administrator is appointed by the <br />Board and is responsible for administrative and fiscal control of the resources of the County. The following is <br />a list of the Commissioners and the expiration of their respective terms. <br />]Name Office Term Exnire$ <br />Richard N. Bird <br />Chairman <br />November, 1996 <br />John W. Tippin <br />Vice -Chairman <br />November, 1994 <br />Fran B. Adams <br />Member <br />November, 1996 <br />Carolyn K. Eggert <br />Member <br />November, 1994 <br />Kenneth R. Macht <br />Member <br />November, 1996 <br />The Commission apportions and levies County taxes and controls the expenditure of all County funds, <br />except schools which are controlled by the School Board of Indian River County, and except for Hospital funds <br />which are controlled by an independent taxing district. The budget year of the County runs from October 1 to <br />the following September 30. Operating revenue is raised from ad valorem taxes, real and personal property <br />taxes, and user fees with supplements from state and federal sources. The Commission operates a county road <br />system, water and sewer system, solid waste disposal system, and public golf course and other recreational <br />facilities, and has power to establish, build, maintain, repair, protect and preserve these public facilities. <br />A-1 <br />