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RESOLUTION NO. 82-114 <br />A RESOLUTION PROVIDING FOR THE FINANCING OF THE <br />ACQUISITION, CONSTRUCTION AND EQUIPMENT OF AN <br />INDUSTRIAL OR MANUFACTURING PLANT IN INDIAN <br />RIVER COUNTY, FLORIDA, TO BE OWNED AND OPERATED <br />BY A PARTNERSHIP COMPRISED OF ROBERT H. DAVIS <br />ANDWILLIAM A. DAVIS; PROVIDING FOR THE <br />ISSUANCE OF NOT EXCEEDING $850,000 INDUSTRIAL <br />DEVELOPMENT REVENUE BONDS, SERIES 1982 <br />(RAMPMASTER PROJECT), THE PROCEEDS OF WHICH <br />WILL BE LOANED TO THE ABOVE PERSONS TO PAY THE <br />COST OF SUCH PLANT; PROVIDING :'OR THE RIGHTS OF <br />THE HOLDERS OF SUCH BONDS; PROVIDING FOR THE <br />PAYMENT THEREOF; MAKING CERTAIN OTHER COVENANTS <br />AND AGREEMENTS IN CONNECTION WITH THE ISSUANCE <br />OF SUCH BONDS; AND PROVIDING AN EFFECTIVE DATE. <br />BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF <br />INDIAN RIVER COUNTY, FLORIDA (the "Board" and "Issuer," <br />respectively): <br />SECTION 1. AUTHORITY FOR THIS RESOLUTION. This resolu- <br />tion is adopted pursuant to the provisions of Chapter 159, Part <br />II, Florida Statutes, and other applicable provisions of law <br />(collectively, the "Act"). <br />SECTION 2. DEFINITIONS. Unless the context otherwise <br />requires, the terms used in this resolution shall have the <br />meanings specified in the Loan Agreement, Mortgage and Security <br />Agreement (the "Loan Agreement") attached hereto as Exhibit A. <br />SECTION 3. FINDINGS. It is hereby ascertained, deter- <br />mined and declared as follows: <br />A. The Issuer is authorized under Chapter 159, Part II, <br />Florida Statutes, to make and execute financing agreements, <br />contracts, deeds and other instruments necessary or convenient <br />for the purpose of facilitating the financing of certain <br />projects, including machinery, equipment, land, rights in land <br />and other appurtenances and facilities related thereto, to the <br />end that the Issuer may be able to promote the economic develop- <br />ment of the State of Florida, increase opportunities for gainful <br />employment and otherwise aid in improving the prosperity and <br />welfare of the State and its inhabitants, and to provide such <br />financing through the issuance of industrial development revenue <br />bonds. <br />-1- <br />