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$46,75S,0000 $3,410,0000 <br />INDIAN RIVER COUNTY, FLORIDA INDIAN RIVER COUNTY, FLORIDA <br />Water and Seger Revenue Bonds Water and Sewer Revenue Bonds <br />Seeks 1993A Series 1993B <br />INTRODUCTION <br />This Official Statement, which includes the cover page and the appendices hereto, furnishes certain <br />information relating to the sale by Indian River County, Florida (the "County") of $46,755,000• aggregate <br />principal amount of its Water and Sewer Revenue Bonds, Series 1993A (the "Series 1993A Bonds") and of <br />$3,410,0001 aggregate principal amount of its Water and Sewer Revenue Bonds, Series 1993B (the "Series 1993B <br />Bonds"), (collectively, the "Series 1993 Bonds'). <br />The Series 1993 Bonds are being issued pursuant to the authority of the Constitution and laws of the <br />State of Florida, including Chapter 115, Florida Statutes, and other applicable provisions of law (the "Act") and <br />Indian River County Resolution No. 93_, as the same may be amended and supplemented (the "Master Bond <br />Resolution'). The Series 1993 Bonds together with any additional parity bonds hereafter issued are herein <br />referred to as the "Bonds." <br />The Series 1993 Bonds are limited obligations of Indian River County, Florida, payable by the County <br />from and secured by alien upon and pledge of the Net Revenues of the System, including amounts on deposit <br />in the Sinking Fund, the Bond Amortization Account and the Reserve Account established under the Master <br />Bond Resolution, all as described herein. <br />Neitber the County, the State of Florida nor any political subdivision thereof has pledged Its faith or <br />credit or taxing power to the payment of the Serfs 1993 Bonds. No holder of the Series 1993 Bonds shall ever <br />have the right to compel the exercise of any ad valorem taxing power of the County or taxation In any form <br />of any real property therein to pay the Series 1993 Bonds or the interest due thervon nor be entitled to payment <br />of the Series 1993 Bonds from any funds of the County except as described herein. <br />The references, excerpts, and summaries of all documents referred to herein do not purport to be <br />complete statements of the provisions of such documents, and are made subject to all of the detailed provisions <br />of such documents, to which reference is directed for full and complete statements of all matters relating to the <br />Master Bond Resolution, the Series 1993 Bonds, the security for the payment of the Series 1993 Bonds and rights <br />and obligations of the holders of the Series 1993 Bonds. Copies of these documents are available from Jeffrey <br />K. Barton, Clerk of the Circuit Court, Indian River County, 1840 25th Street, Vero Beach, 32960. Capitalized <br />terms used but not defined herein have the same meaning as in The Master Bond Resolution unless the context <br />would clearly indicate otherwise. A copy of the Master Bond Resolution is attached hereto as Appendix C. <br />PURPOSE OF THE SERIES 1993 BONDS <br />The Series 1993 Bonds are being issued by the County to provide funds, together with certain other <br />legally available funds, to (i) retire all of the County/s outstanding bonds relating to the Water and Sewer System <br />(the 'System") which consist of the $9,650,000 Water & Sewer Revenue Bonds, Series 1986 and Series 1986A <br />currently outstanding in the aggregate principal amount of $9,562,400, (the "Series 1986 Farmers Home Loans") <br />the $6,510,000 Water & Sewer Revenue Refunding Bonds, Series 1989 (the "Series 1989 Bonds") currently <br />outstanding in the aggregate principal amount of $6,300,000 and the $9,205,000 Water & Sewer Revenue Bonds, <br />*Preliminary, subject to change. <br />