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a- <br />P <br />ESOLUTION NO. 4` p <br />8 <br />A RESOLUTION FIXING THE 19TEREST RAPES FOR <br />GENERAL OBLIGATION BONDS OF INDIAN, RIVER <br />COUNTY, FLORIDA; AWARDING SANZ BONRS,To 'rHE <br />SUCCESSFUL BIDDER AT PUBLIC SALE THEREOF; <br />NAMING TkE PAYING AGENT FOR SAID BONDS; <br />XOTHORIZING USE OF AN OFFICIAL STATEMENT FOR <br />SAID BONDS; AND AUTHORIZING PRINTING OF AN <br />INSURANCE STATEMENT ON SAID BONDS. <br />WHEREAS, the Board of County Commissioners (the "Board") <br />of Indian River County, Florida (hereinafter called the "County"), <br />has heretofore, by Resolution adopted on November 17, 1982, as <br />supplemented, authorized the issuance of $5,000,000 General <br />Obligation Bonds (the "Bonds"); and <br />WHEREAS, by notice duly published in the manner required <br />by law, the County has offered said Bonds at public sale to be sold <br />at this time, subject to the provision, of said Notice of Sale; and <br />WHEREAS, it is necessary to award said Bonds to the suc- <br />cessful bidder and to fix the interest rates for said Bonds; and <br />WHEREAS, it is necessary to name the Paying Agent for said <br />Bonds; and <br />WHEREAS, the following sealed bids have been received for <br />said Bonds: <br />Name of. Bidder <br />Smith Barney Harris <br />Upham & Assoc. <br />Trust Co. Bank <br />of Atlanta <br />Arch W. Roberts & <br />Co. & Assoc. <br />Purchase Net Interest <br />Price Bid Cost Rate <br />$4,970,017.60 6.493318% <br />$4,960,000.00 6.786794% <br />$4,961,750.00 6.589401% <br />copies of which bids are attached hereto; and <br />-I- <br />