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(b) the amount of $55,473.75 from the Reserve Account under the Master Bond Resolution, as defined in the Resolution; and (c) the amount of $7,295,055.29 from the proceeds of the sale of the Bonds; provided, however, each said amount shall be subject to adjustment to conform to the escrow requirements set forth in the verified refunding report to be delivered at the closing on the sale of the Bonds. Said amounts, together with the interest to be earned thereon when invested as provided in the Escrow Agreement, shall be sufficient to provide for the timely payment of the Series 1985 Bonds and the Series 1987 Bonds to be retired in the manner and at the times provided in the Escrow Agreement. SECTION 12. The County shall enter into an Escrow Agreement (the "Escrow Agreement") with NationsBank of Florida, N.A., Fort Lauderdale, Florida (the "Escrow Agent"), who is hereby appointed, under the terms and provisions of which the Escrow Agent shall hold, invest and apply money deposited with the Escrow Agent for the timely payment of the Series 1985 Bonds and the Series 1987 Bonds to be retired in the manner and at the times provided in the Escrow Agreement. SECTION 13. The Escrow Agreement shall be in substantially in the form attached hereto with such additions, deletions and changes as may be necessary and/or desirable and approved by the Chairman or Vice Chairman of the Board prior to the execution thereof, the necessity and/or desirability and approval of any such additions, deletions and changes shall be conclusively presumed by the execution thereof by the Chairman or Vice Chairman. SECTION 14. The Chairman or Vice Chairman and the Clerk of the Board are authorized and directed to execute and deliver the Escrow Agreement on behalf of the County. SECTION 15. The Chairman, the Vice Chairman and the Clerk of the Board 6