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