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FROM 0 M 0 904 224 1544 4.12.1993 20:4 <br />F.zr <br />Underwriter's counsel fee $29,760.00 <br />(including expenses) <br />6.Tie names and addresses of the Underwriter connected with <br />the Bonds etre set forth below: <br />William R. Hough i Co. <br />100 Becond Avenue South <br />suite 800 <br />St. Petersburg, Florida 33701 <br />Attention: public Finance Department <br />7. Indian River County (the "County") is proposing to issue <br />$50,520,000 of debt or obligation for the purpose of refunding <br />certain outstanding obligations of the County and to pay a portion <br />of the costs of planned capital improvements to the County's water <br />and sewer system. This debt or obligation is expected to be repaid <br />over a period of thirty-two years. At a forecasted average <br />interest rate of 5.2513%, total interest paid over the life of the <br />debt obligation will be $50,902,707.32. <br />The source of repayment or security for this proposal is the <br />net revenue of the County's water and sewer system. Authorizing <br />this debt or obligation will result in not more than $3,684,540.00 <br />of the County's water and sewer system revenue moneys not being <br />available to finance other services of the County each year for <br />thirty-two years. However, by completing this transaction, the <br />County will have reduced the total debt service to be paid from the <br />net revenues of the County's water and sewer system. Therefore, <br />this financing will not result in additional moneys not being <br />available to finance other services of the County. <br />IN WITNESS WHEREOF, the undersigned has executed this <br />Disclosure Statement on behalf of the Underwriter this 13th day of <br />April, 1993. <br />WILLIAM R. HOUGH i CO. <br />By: rfw, !''// gu�eAzS� <br />Its: Filtr 11,-e lres,." <br />-C-2- <br />