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INDIAN RIVER COUNTY, FLORIDA <br />RESOLUTION NO. 90- 68 <br />A RESOLUTION AWARDING AND SELLING NOT MORE THAN <br />$1,315,000 MAXIMUM AGGREGATE PRINCIPAL AMOUNT OF SPECIAL <br />ASSESSMENT REVENUE BONDS, SERIES 1990, OF INDIAN RIVER <br />COUNTY, FLORIDA, AT PRIVATE SALE BY NEGOTIATION, TO THE <br />PURCHASER THEREOF; AUTHORIZING AND APPROVING CERTAIN <br />TERMS OF SAID BONDS; PROVIDING FOR CERTAIN MATTERS <br />RELATING TO THE BONDS; APPOINTING A PAYING AGENT AND <br />BOND REGISTRAR FOR THE BONDS; RATIFYING THE DISTRIBUTION <br />OF PRELIMINARY OFFERING DOCUMENTS; AUTHORIZING THE <br />EXECUTION AND DISTRIBUTION OF AN OFFICIAL STATEMENT IN <br />CONNECTION WITH THE MARKETING OF THE BONDS; AUTHORIZING <br />ALL OTHER NECESSARY, DESIRABLE AND/OR APPROPRIATE <br />ACTIONS IN CONNECTION WITH THE SALE, ISSUANCE AND <br />DELIVERY OF THE BONDS; AND SPECIFYING THE EFFECTIVE DATE <br />HEREOF. <br />WHEREAS, the Board of County Commissioners of Indian River County, <br />Florida (the "Board" and the "County", respectively), by Resolution No. 90-40, <br />duly adopted on March 27, 1990, as amended (the "Bond Resolution"), heretofore <br />authorized the issuance of Special Assessment Revenue Bonds, Series 1990, of the <br />County in an aggregate principal amount not to exceed $1,315,000 (the "Bonds"); <br />WHEREAS, the County deems it in its long term best interest that the <br />Bonds be sold at this time at private sale by negotiation; <br />WHEREAS, the County has provided prospective purchasers of the Bonds <br />with a Preliminary Official Statement, dated May 18, 1990 (the "Preliminary <br />Official Statement") and a Notice of Offering dated April 27, 1990, as amended <br />and supplemented by an Addendum dated May 17, 1990 (together, the "Notice of <br />Sale"); <br />