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adopted by the county nn J,rly 7, 19A2, as amended by Res-lotion
<br />No. 83-77, adopted by the county on September 21, 1991, and as
<br />the same may he further amenried and supplemented (collP:til:Ply,
<br />the "Orifi€nal P.ernlution"). The Note ResnItition, the Rond
<br />Re Solution and the 0riyinaI Resolution are crit t.ivPt7 rPferred
<br />to herein as the "RenoLutionr,."
<br />The flutes are limit.--{ nbligations r,f Indian River
<br />Co,.tnty, Fl ,r;r€:z, pmyahtp ol^I.y from and ser:tirPd solely by a
<br />prior lien ,tp-)n And ple-€r;•r of th-. ptor-eeds derived from the sale
<br />of the Serie-; 19036 P-,nds or th- sale of other tlond antiripatinn
<br />rint.eq issued tr, extend and renew the i.ndebtednpas evidenced by
<br />the Notes purl r--neyr, in the Notes Payment Ar,- trnt of the
<br />Construc°tinn F',Itl•I, -ACh an ostabl tshod un-1-r the Pond Reotnlilt inti.
<br />tleithr.r the rotinty, the .',tat- of FloridA rl,r Any
<br />politicAl r;ilhrli isinn thereof has pledged its faith -,r nr
<br />t.ax i n,.t p'tWnr tri the payment of the ft?tes. No holder of the Notes
<br />n}lal I ever ils•:e th- t ight tO cOmP,al tha-x^te--I1P r,f Ally Ad
<br />,rAlt,tem t-Ar.in,t pf1'Id „t rhs CntunIy f,r taxAt.iF,ct in Any f n r m n! any
<br />teal ptr,port y theroir, i pay th- N,rr`s ,-,t the iW-Toot due
<br />thr*te,",1, nor t,- -nr it l l to paymr•rir. f th- Note- from any fundis of
<br />the A?1 desr:r ibed h-r-in.
<br />F'41-f riescriptions of the Resolution-:, the Nni Anal
<br />nt.11er rwiimetlt.r: pertaining to the Notes are c:r,rlr.lirlad In thin.
<br />r)ff,i"i.,I :;t.Atemet, Stich door 11ptione ate cptAIifi -A it tiieii
<br />PntA tet-y by rPferorlce to the nt'iginale of rur:h d ,:umant-s, copins
<br />of which are avAi lablp from A.ri. Edward^ A. Mons, €tlr:. , Sun Rank
<br />liui IdIn<f, PoI ican Bey. Alit Laurel Oak Drive, Sui!-- 6017 . NAplen,
<br />F1, -1..196.1, AtJotit.inrl: Avirt L. Saunders, durinrt til- period of the
<br />init.tal (016-t'intl nt thr. Notes.
<br />For the d-fillit.ionr, of cert.Aill e_:Apit-alized tetmr, ti.
<br />Ill this Ilffir:ial StAtrrmnnt., seP "APPFNDfif A -- Definitions"
<br />herein.
<br />THF. COUNTY
<br />The following information has been provided by the
<br />County and .is included only for the purpose of general background
<br />information. The Notes are not general obligations of. the County
<br />and are payable only from the specific sources described in this
<br />Official Statement. See "PLAN OF FINANCE "DESCRIPTION OF THE
<br />NOTES -- Security and Sources of Payment" and "RISK FACTORS"
<br />herein.
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