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i <br />• <br />INDIAN RIVER COUNTY, FLORIDA <br />RESOLUTION NO, 89- 154 <br />A RESOLUTION AMENDING AND SUPPLEMENTING RESOLUTION NO. <br />86-35 OF INDIAN RIVER COUNTY, FLORIDA, ENTITLED: <br />"RESOLUTION NO. 86-35 <br />A RESOLUTION PROVIDING FOR THE ACQUISITION AND <br />CONSTRUCTION OF ADDITIONS, EXTENSIONS AND IMPROVEMENTS <br />TO THE COMBINED WATER AND SEWER SYSTEM OF INDIAN RIVER <br />COUNTY, FLORIDA; AUTHORIZING THE ISSUANCE BY SUCH COUNTY <br />OF NOT EXCEEDING $9,200,000 WATER AND SEWER REVENUE <br />BONDS, SERIES 1986, TO FINANCE THE COST THEREOF; <br />PLEDGING THE GROSS REVENUES OF SUCH SYSTEM TO SECURE <br />PAYMENT OF THE PRINCIPAL OF AND INTEREST ON SUCH BONDS; <br />PROVIDING FOR THE RIGHTS OF THE HOLDERS OF SUCH BONDS; <br />MAKING CERTAIN COVENANTS AND AGREEMENTS IN CONNECTION <br />THEREWITH; PROVIDING FOR RELATED MATTERS; AND PROVIDING <br />AN EFFECTIVE DATE." <br />TO INCLUDE ACQUISITION OF THE BENT PINE SEWER SYSTEM AND <br />THE CONNECTION THEREOF TO THE COMBINED WATER AND SEWER <br />SYSTEM OF THIS COUNTY AS A PART OF THE PROJECT TO BE <br />FINANCED AND TO AUTHORIZE THE ISSUANCE THEREUNDER OF AN <br />ADDITIONAL SERIFS OF NOT EXCEEDING $450,000 PRINCIPAL <br />AMOUNT WATER AND SEWER REVENUE. BONDS, SERIES 1986A IN <br />CONNECTION WITH THE PROJECT. <br />BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF INDIAN RIVER <br />COUNTY, FLORIDA: <br />SECTION 1. Authority for Resolution._ This resolution is adopted <br />pursuant to Chapters 125 and 159, Florida Statutes (1988), as amended, and other <br />applicable provisions of law, and pursuant to Section 3.04 (J) of the Original <br />Resolution (hereinafter defined). <br />SECTION 2, Findines. It is hereby ascertained, determined and declared <br />that: <br />A. The Board of County Commissioners (the "Board") of Indian River <br />County, Florida (the "Issuer"), on .June 18, 1986, duly adopted a <br />resolution entitled as follows: <br />