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<br />PROPOSAL FOR
<br />$5,000,000
<br />INDIAN RIVER COUNTY, FLORIDA
<br />GENERAL OBLIGATION BONDS
<br />Dated April 1, 1983
<br />Board of County Commissioners April 20, 1983
<br />Indian River County, Florida
<br />County Administration Building
<br />Vero Beach, Florida
<br />Commissioners:
<br />For Five Million Dollars ($5,000,000) par value, Indian River County, Florida, General Obligation
<br />Bonds, as more particularly described in the annexed Notice of Sale, which by reference is made a part
<br />of this Proposal, and for all but not less than all of said Bonds bearing interest as follows:
<br />Due
<br />Principal
<br />Interest
<br />April 1
<br />Amount
<br />Rate
<br />1984
<br />$ 890,000
<br />6.00%
<br />1985
<br />940,000
<br />6.00%
<br />1986
<br />990,000
<br />6.10%
<br />1987
<br />1,055,000
<br />6.30%
<br />1988
<br />1,125,000
<br />6.50%
<br />Four million nine hundredseventy
<br />thousand
<br />We offer too V the sum of
<br />seventeen and 60/dollars
<br />($ 4,970, . 0 i), together with accrued interest from April 1, 1983, to date of delivery.
<br />We will accept delivery of said Bonds in the City of Jacksonville, Florida, on May 10, 1983, unless
<br />another date or place shall be mutually agreed upon, it being understood that the County shall furnish
<br />to us, free of charge, at the time of delivery of said Bonds, the opinion of Freeman, Richardson,
<br />Watson & Kelly, P.A., Jacksonville, Florida, Bond Counsel, approving the validity thereof.
<br />In accordance with said Notice of Sale, we enclose herewith a certified or bank cashier's check for
<br />One Hundred Thousand Dollars ($100,000) payable to the order of Indian River County, Florida, to be
<br />returned to the undersigned upon the award of said bonds provided this Proposal is not accepted; or,
<br />the amount thereof to be retained by the County until the delivery of said Bonds and payment
<br />therefor, and to be retained as and for full liquidated damages in case of the failure of the undersigned
<br />to make payment as agreed.
<br />FORM OF ELECTION FOR INSURANCE
<br />(Please check appropriate box)
<br />❑ This bid is for Bonds carrying Bond Insurance with the premium to be paid by the County.
<br />® This bid is for Bonds NOT carrying Bond Insurance.
<br />This Proposal is not subject to any conditions not expressly stated herein or in the annexed Notice
<br />of Sale. Receipt of the Preliminary Official Statement relating to these Bends is hereby acknowledged.
<br />The names of the underwriters or members of the account who are associated for the purpose of this
<br />Proposal are listed on a separate sheet attached hereto.
<br />Smith Barney Harris Upham & Associates
<br />By
<br />The true interest cost rate of these Bonds (taking into account the 6.500649
<br />municipal bond insurance premium, if insurance is elected) is ................... %
<br />The above computation is submitted for purposes of information only and is not a part of this
<br />Proposal.
<br />(No addition or alteration is to be made to this Proposal, and it must not be detached from the
<br />annexed Notico of Sale. If space for inserting names of joint bidders is insufficieni-, attach a
<br />supplementary sheet.)
<br />
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