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40 <br />INDIAN RIVER COUNTY, FLORIDA <br />RESOLUTION NO. 89 - 135 <br />A RESOLUTION AUTHORIZING THE EXECUTION AND <br />DELIVERY OF A BOND PURCHASE AGREEMENT FOR THE <br />SALE AND AWARD OF $6,075,000 AGGREGATE <br />PRINCIPAL AMOUNT OF SPECIAL ASSESSMENT REVENUE <br />BONDS, SERIES 1989, OF INDIAN RIVER COUNTY, <br />FLORIDA, AT PRIVATE SALE BY NEGOTIATION, TO THE <br />PURCHASER THEREOF; AUTHORIZING AND APPROVING <br />CERTAIN TERMS OF SAID BONDS; AUTHORIZING THE <br />TRANSFER OF CERTAIN FUNDS FROM THE IMPACT FEE <br />TRUST FUND FOR THE EXPANSION OF THE COUNTY <br />SEWERAGE SYSTEM; PROVIDING FOR CERTAIN MATTERS <br />RELATING TO THE BONDS; APPOINTING A PAYING <br />AGENT AND BOND REGISTRAR FOR THE BONDS; <br />RATIFYING THE DISTRIBUTION OF A PRELIMINARY <br />OFFICIAL STATEMENT; AUTHORIZING THE EXECUTION <br />AND DISTRIBUTION OF AN OFFICIAL STATEMENT IN <br />CONNECTIO!' WITH THE MARKETING OF THE BONDS; <br />AUTHORIZING ALL OTHER NECESSARY, DESIRABLE <br />AND/OR APPROPRIATE ACTIONS IN CONNECTION WITH <br />THE SALE, ISSUANCE AND DELIVERY OF TETE BONDS; <br />AND SPECIFYING THE EFFECTIVE DATE HEREOF. <br />WHEREAS, the Board of County Commissioners of Indian <br />River County, Florida (the "Board" and the "County", respectively), <br />by Resolution No. 89-51, duly adopted on June 6, 1989, as amended <br />(the "Bond Resolution"), heretofore authorized the issuance of <br />Special Assessment Revenue Bonds, Series 1989, of the County in an <br />aggregate principal amount not to exceed $7,560,000 (the "Bonds"); <br />WHEREAS, the County deems it in its long term best <br />interest that the Bonds be sold at this time at private sale by <br />negotiation; <br />WHEREAS, it is necessary and desirable to authorize and <br />approve certain terms and provisions with respect to the Bonds and <br />