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' PRELIMINARY uFFlclAl. `+'I',\'1'F:\1F.N`I i):\`fF.l) I)t:('F:\1fiFa{ :i. CIKi
<br />RATING: Moody's: _--
<br />NEW ISSUE la" "RATING heretof
<br />ci o Y
<br />a /n the opinirtn n/Bond Counsel a.e9umin,q continuing romphaaee by the County with certain Crx r"a"te to cvmph' a ifh r exiciuns
<br />. of the Internal Reurnur (',odf of 19firi, a4 omrndeti, intfrfst an the Notes is tzrmpt farm prtsent federal income taxes urtdrrrzisting
<br />€ A .9kitute,9, regulations and rtfFr9tvne. Cxcept as if forth usdtr °°TAX EXE MPrIOA'•• in this O/jrirwl Statement and the +i'atrs and
<br />the income them"" orf exempt from taxation under Plot bs the State of Florida except as to estntrra n4. bbaank9 and savings
<br />E n by Chapter 220, Florida .Statutes, on interest, rncomr, or profits on debt obligations owned by Corea
<br />r tio
<br />associarion9. I.Srr "TAX F NEwrI(hti •' herrrin fcrr forth" 41arxattinel)
<br />M $9,200,000
<br />Indian River County, Florida
<br />--___% Water and SeN','i: r Revenue Bonds,
<br />Series 1986, Anti(ipitit)n Notes
<br />' Due: December I. 1(011
<br />[laced: I)ectmhrr I. 18 7 1Nticr: _ —1i, plu" ,scour l inters+t)
<br />ueNi h) I ndinn
<br />The Water and Sewpr Revenue Hands. Swt m 1886,• Anticipation Notes Ithe "Notes") ere heinit i+s
<br />(semi dp,,ap,jnatjanw of 66-000and any inteltral multjple•
<br />River ('aunty. florids Ithe "(�ounty"F in fully registered Jutta 1 and December t. f t)cit)B June 1. 18th. by check
<br />" thererrf, tnterent on the Not" w payable sttttir+�u�' A nt. made out and mailed to the re{(iAtered
<br />a or drift if F'loric)s National Hank. Jacksonville. Florida as Paying Age
<br />s ovrnrr. ern Omwn on the tthtiwtratbn books of the County a) the of the Buten fifteenth day wel_ applicable
<br />interest
<br />an
<br />l he payable upon prpwntation d
<br />' pevnwiit eloetes and an otherwise described b ervrn. The Principal
<br />y sitrn'mlt'r thrrl-of at the principal corporate trust office of the Paying Altrat
<br />Tlw Not-. i,rc ra redemption at the option of the County prior to maturity as set (arch herr=in.
<br />It $ I'hr Natr «ttr f r«'inl( issued to Fj) finance, an an interim basis. a portion of the cast of certain addittam. t vtisl uri y.
<br />unrl imprrrvtmenty to the ('aunty"s water and fwwet wyeetem Ithe "°f'roieet").till pay interest on the Note+ (a rnnturit 5'.
<br />rum (jilt pay certain cants incurred in connection with iattuauue of the *iMe+e.
<br />s ate principal amount of t1%,10Q.QB(1 in anticipation of the receipt by I he
<br />The Notes are being iwsur�l in an aggregate Pei P1°i
<br />('aunty of the proceedq from the' sale of its 69.20iD.0ou Water and Sewer Revenue Hands. Series 188fr Department
<br />19ii(i Hnndv"1.'fhe ('aunty ever« nils expects that the %ertetr I96 Bonds will be sold to the United Pilate, 1)e•partmr nt
<br />31)
<br />of Agriculture, F'artriv- Flam«• Administration Put ant to the lawn al trt�wn ed lthe� H Hand Hesallorida and Resolution
<br />loo }I. an or prior
<br />Igi duly adalrted by the, County an .1i.+ne' til. 18N6. as amended and Supp
<br />=' ter Uecemher 1, 19`•tCl. If the ('attnr.y (;ails to inwue the Sreri" 18N6 Bond, ar the 9erfea 181tR Hondo are not pmaturit ,
<br />by F=armury I Inme= Administration. ,efficient funds maw not be available to pay the principal 'It the= Notes at maturity.
<br />m
<br />TIIEN rl'FaAHF:I.Ih1I'I'EF>ONLfr;AT10N80FINDIANHIYF:R('OUNTU.t'LORIDA.1'RIPSCFOFT F'1PR CEE�:S
<br />►S i'Al'AItLF: StILF:I,S' FROM ANF) SF;t'URED SOI,FLY BY A I'ftltrR LEEN 11W)N r\Nl) Pi.F:D(:F; OF TNF: PROCEEDS
<br />g .Y UF:EAYA1) F'FttN1 TFIF: SAF.F: OF"TFIF: SF.Itlt:S 1986 "ONDSOR'THE SALE: t)F' (YTI{F:R Ftt>ND ANTIC
<br />IS NOT ES
<br />►SSUE :I) 1, ROOM TH AND RENEW" THE INDEBTF:DNE98I.,.Vll)F:NCEf) BY THF: Ntr`I F:S. IN'1'F:RF:ST ON THF: NOTES
<br />IS PAYABLE SOI,F:I,Y FROM THE PROt'EEDS OF THE NtrlEa OF.110SIT6D IN THE NOTES PAY
<br />MF:N'T ACCOUNT
<br />ESTABLISHED UNDER THE BONI) RE%OLUTION. SEE "RISK FAC"TORS" HEREIN.
<br />a
<br />NEITHER THE COUNTY, THE 5"TATF: OF FLORIDA NOR ANY POLITICAL till{)DIVISION 'THEREOF HAS
<br />PLEDGED ITS FAITH Olt CREDIT Olt TAXING POWER TO THE PAYMENT OF THE NOTES. NO HOLDER OF THE
<br />NOTES SHALL EVER HAVE THE RIGHT TO COM PEI, THE EXERCISE OF ANY AD VAI )REM TAXING POWER OF
<br />_ F r THE COUNTY Olt TAXATION IN ANY FORM OF ANY RF:AI. PROPERTY THEREIN TO PAY THE NOT ES Oil THE
<br />FDTO PAYMENTOF THE N(YI'ES FROM ANY FUNDSOF THE COUNTY
<br />INTEREST DUF.THEREON NOR BE FNTITL
<br />EXCEPT AS DESCRIBED HEREIN.
<br />'Zi
<br />o The Notes are o/(ered when as and i(issued and received by the Underwriters, subject to the approval of legality by Rhoads
<br />N & Sinon, Boca Raton, Florida, Bond Counsel to thel be passed upon
<br />Certain legal mQ�tersA�
<br />County, and certain other conditions ews & Ingersoll
<br />•
<br />for the County by Charles A Vitunac, Esquire, County Attorney, and for the Underwriters by Ballard SP
<br />m Washington D.C., Course/ to the Underwriters. Itis expected that the Notes will be available for delivery in New York, New York,
<br />E z E: on or about December 17, 1997
<br />A.GFAVan1Sr S0nSIW Raymond James & Associates, Inc.
<br />1987
<br />December Ext 1' p
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