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RHOADS & SINON <br />ATTORNEYS AT LAW <br />SUITE 301 <br />299 WEST CAMINO GARDENS BOULEVARD <br />BOCA RATON, FLORIDA 33432 <br />Re: Indian River County, Florida <br />$ Aggregate Principal Amount of <br />Recreational Revenue Refunding Bonds, Series 1993 <br />Dated as of 1993 <br />OPINION <br />We have acted as Bond Counsel in connection with the authorization, sale, <br />issuance and delivery of the Recreational Revenue Refunding Bonds, Series 1993, <br />dated as of _ , 1993, in the aggregate principal amount of <br />$ (the "Series 1993 Bonds"), of Indian River County, Florida (the <br />"County"). The Series 1993 Bonds are issued under the Resolution hereinafter <br />defined. No other bonds of the County have been issued and are currently <br />outstanding under the Resolution. The Series 1993 Bonds and any Additional <br />Parity Bonds hereafter issued under the Resolution are herein referred to as the <br />"Bonds". <br />The Series 1993 Bonds are issued pursuant to the Constitution and laws of <br />the State of Florida, particularly Chapter 125, Florida Statutes, Ordinance No. <br />77-19, duly enacted by the Board of County Commissioners of the County (the <br />"Board") on August 3, 1977, as amended (the "Ordinance"), and Resolution No. 93- <br />, duly adopted by the Board on _ , 1993, as the same may be amended and <br />supplemented (the "Resolution"), and other applicable provisions of law. <br />Under the Resolution, First Union National Bank of Florida, Jacksonville, <br />Florida (the "Paying Agent"), has been appointed as paying agent and registrar <br />for the Series 1993 Bonds. <br />