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L] <br />forth in the Preliminary Official Statement. <br />SECTION 2. Citizens and Southern Trust Company <br />(Florida), National Association, Fort Lauderdale, Florida, is <br />hereby appointed Paying Agent and Bond Registrar for the Bonds. <br />SECTION 3. The Bonds are hereby awarded and sold to the <br />Purchaser at a total price of $5,955,018.75 plus accrued interest <br />from October 15, 1989 to the date of delivery thereof. The Bond <br />Purchase Agreement dated October 24, 1989 by and between the <br />Purchaser and the County, in the form attached hereto as Exhibit A <br />(the "Bond Purchase Agreement"), is hereby approved and accepted <br />and the proper officers of the County are authorized and directed <br />to execute the acceptance thereof in the space provided therefor on <br />the Bond Purchase Agreement. <br />SECTION 4. The transfer of $607,500.00 from the Impact <br />Fee Trust Fund for the Expansion of the Indian River County <br />Sewerage System to the Reserve Account created and established <br />under the Bond Resolution is hereby authorized and directed. <br />SECTION 5. Pursuant to Section 17A of the Bond <br />Resolution, the deposit of $430,270.32 of the proceeds from the <br />sale of the Bonds, together with the accrued interest on the Bonds, <br />into the Sinking Fund created and established under the Bond <br />Resolution is hereby authorized and directed. <br />SECTION 6. Pursuant to Section 17D of the Bond <br />Resolution, the deposit of $ -0- of the proceeds from the sale of <br />the Bonds into the above referenced Reserve Account is hereby <br />authorized and directed. <br />3 <br />