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RESOLUTION NO. 93- 149 A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA, ESTABLISHING ITS INTENT TO REIMBURSE CERTAIN EXPENDITURES FOR THE ACQUISITION OF ENVIRONMENTALLY SIGNIFI- CANT LAND WITH THE PROCEEDS OF BORROW- ING TO BE MADE IN THE FUTURE. WHEREAS, the electorate of Indian River County have voted in favor of the issuance of general obligations bonds in an aggregate principal amount not to exceed $26,000,000.00 for the purpose of financing the cost of acquiring environmentally significant land to protect water quality, open spaces and wildlife habitat in the County; and WHEREAS, certain expenditures are contemplated to be paid from the general revenue fund of the County prior to the issuance of the bonds; and WHEREAS, the County intends to reimburse the general fund for those expenditures with the proceeds of the bond sale, NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA that: 1. Indian River County will make certain expenditures looking toward the acquisition of environmentally significant lands. Said expenditures shall include without limitation expenditures for the direct costs of acquisition of environmentally significant lands, for fees, expenses and costs of environmental experts, consultation and advisors, for real estate appraiser and for other items directly related to lands acquired or considered for acquisition. Said expenditures will occur prior to the issuance of the general obligation bonds. These expenditures, therefore, will perforce be provided by the general fund. 2. The County intends to reimburse the general fund for said expenditures with a portion of the proceeds of the bond sale referred to herein. 3. This resolution shall constitute a "Declaration of Official Intent" within the meaning of Section 1.103-18 of the Income Tax Regulations.