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RESOLUTION NO. 95-75 <br />TABLE OF CONTENTS <br />Page <br />SUMMARY STATEMENT ............................................ i <br />TheCounty ................................................... i <br />Purpose of the Bonds ............................................ i <br />Sources and Security of Payment for the Bonds ........................... i <br />Description of the Bonds ......................................... i <br />Municipal Bond Insurance ........................................ <br />Tax Exemption....................6....................... ii <br />Authority for Issuance ................ . ......................... ii <br />Offering and Delivery of the Bonds ................................... iii <br />INTRODUCTION.................................................. 1 <br />AUTHORITY FOR BONDS ............................................ 1 <br />PURPOSE OF ISSUANCE ............................................. 2 <br />THE ACQUISITION PROGRAM ........................................ 2 <br />DESCRIPTION OF THE BONDS ........................................ 2 <br />General.................................................... 2 <br />Book -Entry Only System ......................................... 3 <br />Discontinuance of Securities Depository .................................. 5 <br />Optional Redemption ............................................ 5 <br />Notice and Effect of Redemption .................................... 6 <br />SOURCES AND USES OF FUNDS ....................................... 7 <br />SECURITY AND SOURCES OF PAYMENT FOR THE BONDS .................... 9 <br />FUTURE FINANCINGS .............................................. 9 <br />AD VALOREM TAX MATTERS ........................................ 10 <br />Property Assessment Procedure .... ............................... 10 <br />Ad Valorem Tax Rates ......................................... 10 <br />Levy and Collection of Ad Valorem Taxes ............................. 11 <br />Historical Table of Assessed Value .................................. 12 <br />Historical Ad Valorem Millage Rates ................................ 13 <br />Collections................................................ 14 <br />Comparative Ratios of Bonded Debt ................................. 15 <br />Ten Largest Taxpayers .......................................... 16 <br />MUNICIPAL BOND INSURANCE ...................................... 17 <br />THE COUNTY .................................... ... <br />............. 17 <br />Background........................................... 17 <br />County Government ........................................... 17 <br />3247/UM380M-9/P0S-130DY-1 <br />74 <br />June 20, 1995 - _ <br />