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INDIAN RIVER COUNTY, FLORIDA <br />RESOLUTION NO. 90 - 40 <br />RESOLUTION AUTHORIZING THE ISSUANCE OF NOT EXCEEDING <br />$1,315,000 AGGREGATE PRINCIPALAMOUNT OF SPECIAL <br />ASSESSMENT REVENUE BONDS, SERIES 1990, OF INDIAN RIVER <br />COUNTY, FLORIDA, THE NET PROCEEDS OF WHICH WILL BE USED <br />TO REIMBURSE THE COUNTY FOR A PORTION OF THE COST OF <br />ACQUISITION AND CONSTRUCTION OF CERTAIN SEWER LINE <br />EXTENSIONS AND A CERTAIN LOW PRESSURE GRINDER PUMP <br />SEWERAGE SYSTEM IN CONNECTION WITH THE ROCKRIDGE <br />WASTEWATER SYSTEM OF THE COUNTY AND TO MAKE A DEPOSIT <br />INTO THE IMPACT FEE TRUST FUND FOR THE EXPANSION OF THE <br />INDIAN RIVER COUNTY SEWERAGE SYSTEM TO PAY FOR THE <br />EXPANSION OF THE SEWAGE DISPOSAL SYSTEM OF THE COUNTY, <br />INCLUDING WITHOUT LIMITATION THE ACQUISITION AND <br />CONSTRUCTION OF A SEWER SYSTEM TO BE KNOWN AS THE <br />"ROCKRIDGE WASTEWATER SYSTEM"; PROVIDING FOR THE RIGHTS <br />OF THE HOLDERS OF SUCH BONDS AND PLEDGING FOR THE <br />PAYMENT THEREOF CERTAIN SPECIAL ASSESSMENTS LEVIED BY <br />THE COUNTY AND CERTAIN SPECIAL. ASSESSMENTS IN LIEU OF <br />IMPACT FEES LEVIED BY THE COUNTY AGAINST PROPERTIES THE <br />OWNERS OF WHICH HAVE CONSENTED THERETO AND, AT THE <br />OPTION OF THE COUNTY, FROM OTHER LEGALLY AVAILABLE NON <br />AD VALOREM TAX FUNDS; AND PROVIDING AN EFFECTIVE DATE. <br />BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF INDIAN RIVER <br />COUNTY, FLORIDA, that: <br />SECTION 1. AUTHORITY FOR THIS RESOLUTION. This resolution is <br />adopted pursuant to applicable provisions of Article VIII, Section 1, Florida <br />Constitution (1968), Chapter 125, Florida Statutes (1989), Ordinance No. 86-88 <br />of the County (Sections 11-21 through 11-72 of the Code of Laws and Ordinances <br />of the County) and other applicable provisions of law. <br />SECTION 2. DEFINITIONS. Unless otherwise defined herein, the terms <br />used herein shall have the meanings ascribed to them in Ordinance No. 86-88 of <br />the County. The following terms shall have the following meanings in this <br />Resolution unless the context otherwise clearly requires: <br />A. "Act" shall mean, collectively, applicable provisions of Article <br />VIII, Section 1, Florida Constitution (1968), Chapter 125, Florida Statutes <br />(1989) Ordinance No. 86-88 of the County (Sections 11-21 through 11-72 of the <br />Code of Laws and Ordinances of the County), and other applicable provisions of <br />law. <br />