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RESOLUTION NO. 22- 008 A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA PROVIDING CONSENT TO THE FLORIDA DEVELOPMENT FINANCE CORPORATION TO THE ISSUANCE OF REVENUE BONDS ON BEHALF OF NOPETRO ECO DISTRICT, LLC; AND PROVIDING AN EFFECTIVE DATE. BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS (THE "BOARD") OF INDIAN RIVER COUNTY, FLORIDA: WHEREAS, the Florida Development Finance Corporation (the "Issuer") was created by the Florida Development Finance Corporation Act, Chapter 288, Part X, Florida Statutes (the "Act") which provides, in part, that the Issuer may issue bonds to finance and refinance projects for the benefit of Florida businesses to enhance the economic development of the State of Florida (the "State"), provided that the Issuer has entered into an interlocal agreement with the local governmental agency in which the project will be located; and WHEREAS, the Issuer and the Board of County Commissioners of Indian River County, Florida (the "Board") have previously entered into an Interlocal Agreement, dated November 5, 2013, a copy of which is attached hereto as Exhibit "A" (the "Interlocal Agreement"), which permits the Issuer to issue bonds to finance and refinance projects located within the jurisdictional limits of Indian River County, Florida (the "County") subject to the Board's reserved right to consent to each such project; and WHEREAS, Nopetro Eco District, LLC (the "Borrower") has requested the issuance of the Issuer's solid waste disposal revenue bonds, in an aggregate principal amount not to exceed $20,000,000 (the "Bonds") in order to provide the financing for the acquisition, construction and equipping of a renewable natural gas production facility to be located at 925 74th Avenue SW, Vero Beach, Florida (collectively, the "Project"); and WHEREAS, as a result of the anticipated economic benefits associated with the Project, the issuance of the Bonds for the purposes of financing and refinancing the Project is deemed to be in the best interests of the citizens of the County. NOW THEREFORE, BE IT RESOLVED by the Board of County Commissioners of Indian River County, Florida as follows: Section 1. Recitals. The foregoing recitals are true and correct and are hereby incorporated herein by reference. Section 2. Consent to Issuance of the Bonds. Based upon the foregoing, and pursuant to the terms of the Interlocal Agreement, the Board hereby consents to the issuance by the Issuer of the Bonds for the purposes of financing or refinancing the Project. 4839-0687-8421 v.4