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i <br />SECTION 5* Amendments and S i e ents to Section 15 of the Bond Resolution. <br />Section 15 of the Bond Resolution shall be amended and supplemented as follows: <br />A. Subsection A shall be amended and supplemented to read as <br />follows: <br />"A, REVENUE FUND AND SUPPLEMENTAL REVENUE FUND, The <br />County shall create, establish and maintain two special <br />funds, one of which is hereby created, established, and <br />designated the "Indian River County Special Assessment <br />Revenue Bonds, Series 1989, Revenue Fund" (the "Revenue <br />Fund"), and the other of which is hereby created, <br />established, and designated the "Indian River County <br />Special Assessment Revenue Bonds, Series 1989, <br />Supplemental Revenue Fund" (the "Supplemental Revenue <br />Fund")." <br />B. A new sentence shall be added to Subsection B immediately <br />following the first sentence thereof, such new sentence to read as <br />follows: <br />"Prior to making application of the funds in the Revenue <br />Fund as provided in the following sentence of this <br />Subsection B, the County (a) shall transfer from the <br />Revenue Fund and deposit in the Bond Redemption Account <br />(hereinafter created) all Prepayments then in the <br />Revenue Fund, and (b) shall transfer from the Revenue <br />Fund and deposit in the Impact Fee Trust Fund the Late <br />Payments then in the Revenue Fund, but only to the <br />extent that Supplemental Revenues previously transferred <br />from the Supplemental Revenue Fund to the Sinking Fund, <br />the Bond Amortization Account or the Reserve Account <br />(all hereinafter created) exceed the amount of Late <br />Payments previously transferred from the Revenue Fund <br />to the Impact Fee Trust Fund." <br />C. Clause (1) of Subsection B shall be amended to read as <br />follows: <br />11 (1) First, the County shall deposit in a fund to <br />be known as the "North County Assessment Bond Sinking <br />Fund" (herein the "Sinking Fund"), which is hereby <br />created and established, such sum as will be sufficient, <br />together with amounts to be transferred to the Sinking <br />Fund from the Bond Redemption Account pursuant to <br />subelause (4)(a) below, to pay the interest as the same <br />shall become due and payable on the Bonds on the next <br />- 5 - <br />