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C. "Consulting Engineers" shall mean such qualified and recognized consulting engineers, having a nationwide and favorable reputation for skill and experience in the construction and operation of systems such as the System at the time retained by the County to perform the acts and carry out the duties as herein provided for the Consulting Engineers. H. "Costs" shall mean all expenses necessary, appurtenant or incidental to the acquisition or construction of any property, real, personal or mixed, deemed necessary or desirable for carrying out the purposes of the System, including, without intending to limit the generality of the foregoing, the cost of any land or interest therein or of any fixtures, equipment or personal property necessary or convenient therefor; costs of acquiring any water or sewer system or other property in place, or any undivided interest therein, which can be operated as part of the System or which may be declared by resolution of the Board to be part. of the System; engineering, legal and financing expenses; expenses for estimates of costs and of revenues; expenses for surveys; the fees of fiscal agents, financial advisors and consultants; administrative expenses relating solely to such acquisition or construction; the capitalization of interest for a reasonable period after the issuance of Bonds to finance any portion of the Costs of such acquisition or construction; the creation and establishment of reasonable reserves for debt service and operation and maintenance; the discount on the sale of Bonds to finance any portion of the Costs of such acquisition or construction; and such other costs and expenses as may be necessary or incidental to such acquisition or construction. I. "County" shall mean Indian River County, Florida. J. "Federal Securities" shall mean direct obligations of, or obligations the principal of and interest on which are unconditionally guaranteed by, the United States of America, which are not redeemable prior to maturity at the option of the obligor. K. "Fees in lieu of Franchise Fees" shall mean the fees paid by the Utility Services Department of the County to the County in consideration for the use of public streets and rights-of-way in the County and to defray costs incident to the regulation by the County of the services and facilities of the Utility Services Department of the County. L. "Fiscal Year" shall mean the period beginning with and including October 1st of each year and ending with and including the next September 30th. M. "Franchise Fees" shall mean the fees paid by water and/or sewer utilities, other than the Utility Services Department of the County, to the County in consideration for the use of public streets and rights- of-way in the County and to defray costs incident to the regulation by the County of the services and facilities of such utilities. - 2 -