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INDIAN RIVER COUNTY, <br />FLORIDA <br />RESOLUTION NO. 88 -37 <br />A RFSOLUTION PROVIDING FOR THE RETIREMENT OF THE SOLID <br />WASTE DISPOSAL SYSTEM REVENUE BONDS, SERIES 1977 <br />ISSUED BY THIS COUNTY TO PAY THE COSTS OF ACQUIRING <br />AND CONSTRUCTING A SOLID WASTE DISPOSAL SYSTEM; <br />PROVIDING FOR THE DEPOSIT OF MONEY INTO THE SINKING <br />FUND FOR SUCH BONDS TO PROVIDE SUFFICIENT MONEY TO PAY <br />PRINCIPAL AND INTEREST ON SUCH BONDS WHEN DUE; <br />PROVIDING THAT SUCH MONEY SHALL BE HELD IN ESCROW AND <br />APPROVING THE FORM OF AN ESCROW AGREEMENT; APPOINTING <br />AN ESCROW AGENT; PROVIDING FOR THE LEASE OF THE <br />EXISTING SOLID WASTE DISPOSAL SYSTEM OF THIS COUNTY TO <br />THE INDIAN RIVER COUNTY, FLORIDA SOLID WASTE DISPOSAL <br />DISTRICT AND APPROVING THE FORM OF SUCH LEASE; <br />AUTHORIZING THE OFFICERS OF THE BOARD OF COUNTY <br />COMMISSIONERS TO DO, TO TAKE AND TO AUTHORIZE CERTAIN <br />ACTIONS AND THINGS RELATED TO THE FOREGOING; AGREEING <br />NOT TO AMEND THIS RESOLUTION OR ORDINANCE NO. 87-67, <br />EXCEPT AS PROVIDED HEREIN; AND PROVIDING FOR CERTAIN <br />RELATED MATTERS. <br />WHEREAS, Indian River County, Florida (the "County"), pursuant <br />to Resolution No. 77-110 duly adopted in accordance with law on November <br />2, 1977, as amended (the "1977 Bond Resolution"), and other applicable <br />provisions of law, authorized, issued and delivered a series of revenue <br />bonds designated as "Solid Waste Disposal System Revenue Bonds, Series <br />1977", in an original aggregate principal amount of $1,815,000 (the "1977 <br />Bonds") for the purpose of providing funds for and toward the costs of <br />acquiring and constructing a solid waste disposal system, including a <br />solid waste landfill and other facilities and equipment to provide for <br />