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vor 95 FACE 710 <br />The Chairman read the title of the proposed ordinance. <br />County Attorney Vitunac advised that bond counsel had <br />suggested this ordinance and wanted it in place before closing on <br />the LAAC bonds next week. <br />The hour of 9:05 a.m. having passed, the Chairman opened the <br />public hearing and asked if anyone wished to be heard in this <br />matter. <br />ON MOTION by Commissioner Tippin, SECONDED by <br />Commissioner Eggert, the Board unanimously <br />adopted Ordinance No. 95-16 relating to <br />financing capital projects and related <br />purposes, authorizing the issuance of <br />obligations by the County payable from any <br />funds legally available for such purpose to <br />finance or refinance the projects; authorizing <br />the investment of the proceeds from the sale <br />of such obligations and the security for their <br />payment in certain instruments, as recommended <br />by staff and bond counsel. <br />ORDINANCE NO. 9s- 16 <br />AN ORDINANCE OF INDIAN RIVER COUNTY, FLORIDA, <br />RELATING TO FINANCING CAPITAL PROJECTS, AND <br />RELATED PURPOSES; AUTHORIZING THE ISSUANCE OF <br />OBLIGATIONS BY THE COUNTY PAYABLE FROM ANY <br />FUNDS LEGALLY AVAILABLE FOR SUCH PURPOSE TO <br />FINANCE OR REFINANCE THE PROJECTS: AUTHORIZING <br />THE INVESTMENT OF THE PROCEEDS FROM THE SALE OF <br />SUCH OBLIGATIONS AND THE SECURITY FOR THEIR <br />PAYMENT IN CERTAIN INSTRUMENTS) AND PROVIDING <br />AN EFFECTIVE DATE. <br />BE IT ORDAINED BY THE BOARD OF COUNTY COMMISSIONERS OF <br />INDIAN RIVER COUNTY, FLORIDA, that: <br />SECTION 1. SHORT TITLE <br />This ordinance shall be known and may be cited as the <br />"Consolidated°Home Rule Financing Ordinance." <br />10 <br />July 18, 1995 <br />