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INDIAN RIVER COUNTY, FLORIDA RESOLUTION NO. 92 - 217 A RESOLUTION SPECIFYING CERTAIN TERMS AND PROVISIONS FOR THE $7,530,000 AGGREGATE PRINCIPAL AMOUNT OF REFUNDING REVENUE BONDS, SERIES 1992, OF INDIAN RIVER COUNTY, FLORIDA; DESIGNATING EACH OF THE BONDS AS A "QUALIFIED TAX-EXEMPT OBLIGATION"; APPROVING, ACCEPTING AND AUTHORIZING THE EXECUTION AND DELIVERY OF A BOND PURCHASE AGREEMENT FOR THE AWARD AND SALE OF THE BONDS, AT PRIVATE SALE BY NEGOTIATION, TO THE PURCHASER THEREOF; AUTHORIZING THE PURCHASE OF MUNICIPAL BOND INSURANCE WITH RESPECT TO THE BONDS; APPOINTING A PAYING AGENT AND BOND REGISTRAR FOR THE BONDS; RATIFYING THE DISTRIBUTION OF A PRELIMINARY OFFICIAL STATEMENT; AUTHORIZING THE EXECUTION AND DISTRIBUTION OF AN OFFICIAL STATEMENT IN CONNECTION WITH THE MARKETING OF THE BONDS; PROVIDING FOR THE TERMINATION OF THE SERIES 1987 BONDS RESERVE SUBACCOUNT CREATED UNDER RESOLUTION NO. 87-59; PROVIDING FOR THE RETIREMENT OF A PORTION OF THE OUTSTANDING REFUNDING AND IMPROVEMENT REVENUE BONDS, SERIES 1985, OF THE COUNTY AND THE RETIREMENT OF ALL OF THE OUTSTANDING CAPITAL IMPROVEMENT REVENUE BONDS, SERIES 1987, OF THE COUNTY; APPROVING THE FORM OF AN ESCROW AGREEMENT IN CONNECTION WITH SAID RETIREMENTS; APPOINTING AN ESCROW AGENT; PROVIDING FOR CERTAIN OTHER MATTERS RELATING TO THE BONDS AND SAID RETIREMENTS; AUTHORIZING ALL OTHER NECESSARY, DESIRABLE AND/OR APPROPRIATE ACTIONS IN CONNECTION WITH THE SALE, ISSUANCE AND DELIVERY OF THE BONDS AND SAID RETIREMENTS AND SPECIFYING THE EFFECTIVE DATE HEREOF. WHEREAS, the Board of County Commissioners of Indian River County, Florida (the "Board" and the "County", respectively), by Resolution No. 92- 216, duly adopted on Oftw4ftwe -2,}_, 1992 (the "Resolution"), authorized the issuance of Refunding Revenue Bonds, Series 1992, of the County in an aggregate principal amount not to exceed $7,530,000 (the "Bonds"), as the third installment of the bonds originally authorized under Resolution No. 85-75 of the County, as amended and supplemented, and authorized the retirement of a portion of the outstanding Refunding and Improvement Revenue Bonds, Series 1985, of the County (the "Series 1985 Bonds") and the retirement of all of the outstanding Capital Improvement Revenue Bonds, Series 1987, of the County (the "Series 1987 Bonds");