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RESOLUTION No. 80-32 A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA, FIXING THE DATES, MATURITIES, INTEREST RATES, ® AND REDEMPTION PROVISIONS FOR THE $4,350,000 CAPITAL IMPROVEMENT REVENUE•' BONDS, SERIES 1980, OF THE COUNTY; DESIGNATING THE PAYING AGENT FOR SAID BONDS; RE -AWARDING SAID BONDS ® TO THE PURCHASER THEREOF; AUTHORIZING USE OF AN OFFICIAL STATEMENT FOR SAID BONDS; AND PROVIDING AN EFFECTIVE DATE. WHEREAS, the Board of County Commissioners (the "Board") of Indian River County, Florida (the "County"), has heretofore by a resolution adopted on November 21, 1979, authorized the a issuance of $4,350,000 Capital Improvement Revenue Bonds, Series 1980 (the "Bonds"); and WHEREAS, the Board deems it in the best interest of the County that said Bonds be sold at this time; and WHEREAS, it is necessary to fix the dates, maturities, interest rates, and redemption provisions for the Bonds; and WHEREAS, it is necessary to designate a paying agent for the Bonds; and WHE•'REAS, William R. Hough & Co. (hereinafter called "Purchaser"), has previously submitted a proposal for the purchase of said Bonds, which proposal was approved by the Board; and WHEREAS, it is necessary to authorize the use of an Official Statement for said Bonds; now therefore, BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA: SECTION 1. $4,350,000 principal amount of the Bonds, being the total amount of the Bonds hereto[ore authorized, shall be issued. - i NJ SECTION 2. The Bonds shall be dated April 1, 1980, shall bear interest, payable semiannually on April 1 and October 1 of: each year commencing October 1, 1980, at the rates per annum, and shall mature in numerical order on October 1 in the years and amounts as follows: -1-