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RESOLUTION NO. 83-102 <br />A RESOLUTION PROVIDING FOR 'rHE FINANCING OF <br />THE ACQUISITION, CONSTRUCT .ON AND EQUIPMENT <br />OF A 120-BED NURSING HOME FACILITY LOCATED <br />AT 1310 37TH S'rREET, VERO BEACH, fLORIDA, <br />IN INDIAN RIVER COUNTY, FLORIDA; PROVIDING <br />FOR THE ISSUANCE OF NOT EXCEEDING ~2,400,000 <br />INDUS'rRIAL DEVELOPMEN'l' REVENU ,E BONDS, SERIES. <br />1983 (FLORIDA HEALTH FACILITIES PROJECT), OF <br />INDIAN RIVER COUNTY, FLORIDA, THE PROCEEDS <br />OF WHICH WILL BE LOANED TO E'LORIDA HEALTH <br />FACILITIES CORP. ( OF INDIAN RIVER COUNTY), <br />THE OWNER OF SUCH PROJECT, TO PAY THE COST <br />THEREOF: PROVIDING FOR 'r!-lE RIGHTS OF THE <br />HOLDERS OF SUCH BONDS AND !:'OR THE PAYMENT <br />THEREOF; APPOINTING A TRUSTEE AND PAYING <br />AGENT FOR 'rHE HOLDERS OF 'rHE BONDS; AUTH- <br />ORIZING THE SALE OF THE BONDS AND EXECU- <br />TION AND DELIVERV OF A TRUST INDENTURE, <br />LOAN AGREEMEl:JT, MORTGAGE AND SECURITY <br />A.GREEMENT, AND GUARAN1'Y AGREEMENT: MAKING <br />CERTAIN OTHER COVENANTS AND AGREEMENTS IN <br />CONNECTION WITH THE ISSUANCE OF THE BONDS: <br />AND PROVIDING AN EFFF.CTIVE DATE. <br />BE IT RESOLVED BY THE BOARU OF COUN'rY COMMISSIONERS OF <br />INDIAN RIVER COUNTY, FLORIDA: <br />SEC'rION 1. AUTHORITY FOR RESOLU'l'ION. This resolution <br />is adopted pursuant to Chapter 159, Part II, Florida Statutes, <br />and other applicable provisions of law (collectively, the "Act''). <br />SEC1'ION 2. DEFINI'rIONS, Unless the context otherwise <br />r euuires, the terms used in this resolution shall have the <br />meanings specified in the Trust Indenture ( the "Inden1·ure") and <br />Loan Agreement, Mortgage and Security Agreement ( the "Loan <br />Agreement") attached hereto as E:Khibits A and 13, respectively. <br />SECTION 3. FINDINGS. It is hereby ascertained, deter- <br />mined and declared as follows: <br />A. Indian River County, Florida ( the "Issuer"), is <br />authorized by the Act to make and execute financing agreements, <br />-1-