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A <br />RESOLUTION NO. 87- 60 <br />A RESOLUTION AUTHORIZING THE EXECUTION AND <br />DELIVERY OF A BOND PURCHASE AGREEMENT FOR THE <br />SALE. AND AWARD OF $3,655,000 AGGREGATE <br />PRINCIPAL AMOUNT OF CAPITAL IMPROVEMENT REVENUE <br />BONDS, SERIES 1987, OF INDIAN RIVER COUNTY, <br />FLORIDA, AT PRIVATE SALE BY NEGOTIATION, TO THE <br />PURCHASER THEREOF; AUTHORIZING AND APPROVING <br />CERTAIN DETAILS OF SAID BONDS; AUTHORIZING THE <br />EXECUTION AND DISTRIBUTION OF AN OFFICIAL <br />STATEMENT IN CONNECTION WITH THE MARKETING OF <br />SUCH BONDS; AUTHORIZING OTHER APPROPRIATE AND <br />NECESSARY ACTIONS IN CONNECTION WITH THE <br />DELIVERY OF SUCH BONDS; APPOINTING A PAYING <br />AGENT AND BOND REGISTRAR FOR SUCH BONDS; AND <br />SPECIFYING AN EFFECTIVE DATE HEREOF. <br />WHEREAS, the Board of County Commissioners of this <br />County, by Resolution No. 85-75, duly adopted on July 10, 1985, as <br />amended and supplemented by Resolution No. 85-125, duly adopted on <br />October 23, 1985 (collectively the "Master Bond Resolution"), <br />heretofore authorized the issuance of revenue bonds of this County <br />in the maximum aggregate principal amounts of $25,000,000, <br />including an initial installment of such revenue bonds designated <br />as the Refunding and Improvement Revenue Bonds, Series 1985, in <br />the aggregate principal amount of $9,855,000 (the "Series 1985 <br />Bonds"); and <br />WHEREAS, the Board of County Commissioners of this <br />County, by Resolution duly adopters June 30, 1987, has authorized <br />the issuance of a second installment of said issue of revenue <br />bonds designated as the Capital Improvement Revenue Bonds, Series <br />1987, in the aggregate principal amount of $3,655,000 (the "Series <br />1987 Bonds") under and pursuant to the Master Bond Resolution; and <br />WHEREAS, this County deems it in its long term best <br />interests that the Series 1987 Bonds be sold at this time at <br />private sale by negotiation; <br />