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_ M M <br />RESOLUTION NO. 95-158 <br />WHEREAS, the County intends to reimburse itself for said <br />expenditures from the proceeds of future bond issues; <br />NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY <br />COMMISSIONERS OF INDIAN RIVER COUNTY# FLORIDA, that: <br />1. The County expects to make certain expenditures in <br />connection with the Central.Wastewater Treatment Plant <br />Expansion to 2 MGD Project of the County (the Project). <br />The County intends to finance said expenditures by the <br />issuance of one or more future bond issues. Some or <br />all of said expenditures are expected to be paid prior' <br />to the issuance of said future bond issues. Therefore, <br />said expenditures will be paid from the Utility <br />Operating Fund, the Utility Impact Fee Fund, and the <br />Utility Special Assessment Project Fund of the County. <br />The.County intends to reimburse said funds for said <br />expenditures out of the proceeds of said future bond <br />issues. The maximum principal amount of said future <br />bond issues expected to be used for said reimbursement <br />is $5,500,000. Said expenditures include without <br />limitation expenditures for the acquisition, <br />construction, furnishing, and equipping the Project; <br />for reports, studies, and projections in connection <br />with the Project; for engineering, surveying, and legal <br />work in connection with the Project; and for other <br />items directly related to the Project. <br />2. This resolution shall constitute a "Declaration of <br />Official Intent" within the meaning of Section 1.103-18 <br />of the federal income tax regulations. <br />19 <br />December 19, 1995 <br />Bou 96 pAu 78 <br />