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s r � <br />RESOLUTION FOR PURCHASE OF SEBASTIAN UTILITIES <br />OMB Director Joe Baird advised that instead of several <br />resolutions, this matter will be covered with just one resolution. <br />Basically, the resolution authorizes the purchase of the Sebastian <br />system and authorizes the County to def ease their bonds. The Board <br />already has approved the purchase, but this is just putting it into <br />resolution form so that we have the ability to deal with the paying <br />agent and defease the bonds. He anticipated closing on the <br />purchase by September 29, 1995. <br />ON MOTION by Commissioner Adams, SECONDED by <br />Commissioner Eggert, the Board unanimously adopted <br />Resolution 95-102, providing for the acquisition <br />from the City of Sebastian, Florida of its water and <br />sewer system; etc. <br />RESOLUTION NO. 95- IU <br />A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS OF <br />INDIAN RIVER COUNTY, FLORIDA PROVIDING FOR THE <br />ACQUISITION FROM THE CITY OF SEBASTIAN, FLORIDA OF ITS <br />WATER AND SEWER SYSTEM; APPROVING AND AUTHORIZING THE <br />EXECUTION AND DELIVERY OF AN INTERLOCAL AGREEMENT <br />PROVIDING FOR THE TRANSFER OF THE CITY OF SEBASTIAN WATER <br />AND WASTEWATER SYSTEM; PROVIDING FOR THE. DEFEASANCE OF <br />THE $5,000,000 CITY OF SEBASTIAN, FLORIDA UTILITIES <br />SYSTEM REVENUE BONDS, SERIES 1993 IN CONNECTION <br />THEREWITH; APPROVING AND AUTHORIZING THE EXECUTION AND <br />DELIVERY OF AN ESCROW DEPOSIT AGREEMENT; AUTHORIZING THE <br />PURCHASE OF FEDERAL SECURITIES; APPOINTING AN ESCROW <br />AGENT; ESTABLISHING ITS INTENT TO REIMBURSE CERTAIN <br />ACQUISITION COSTS INCURRED WITH PROCEEDS OF FUTURE TAX- <br />EXEMPT FINANCING; MAKING CERTAIN OTHER COVENANTS AND <br />AGREEMENTS IN CONNECTION THEREWITH; PROVIDING CERTAIN <br />OTHER MATTERS IN CONNECTION THEREWITH; AND PROVIDING AN <br />EFFECTIVE DATE. <br />BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF INDIAN <br />RIVER COUNTY, FLORIDA, that: <br />SECTION 1. AUTHORITY FOR THIS RESOLUTION. This Resolution is <br />adopted pursuant to the Constitution of Florida, Section 125.01, <br />Florida Statutes, and other applicable provisions of law. <br />21 <br />SEPTEMBER 12, 1995 800F <br />p, r.,- <br />