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E� <br />RESOLUTION NO.. 83-71 <br />A RESOLUTION AUTHORIZING TIKE EXECUTION <br />AND DELIVERY BY INDIAN RIVER COUNTY, <br />FLORIDA, OF A LETTER OF INTENT AND <br />INDUCEMENT TO HUTCHINSON UTILITIES, INC., <br />WITH RESPECT TO THE ISSUANCE BY THE <br />COUNTY OF NOT EXCEEDING $1,140,000 <br />INDUSTRIAL DEVELOPMENT REVENUE BONDS <br />TO FINANCE THE COST OF THE ACQUISITION, <br />CONSTRUCTION AND EQUIPMENT OF SEdAGE <br />TREATMENT F'ACILIT'IES OF SUCH CORPORA- <br />TION IN THE COUNTY; AND PROVIDING AN <br />EFFECTIVE DATE. <br />RE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF <br />INDIAN RIVER COUNTY, FLORIDA: <br />SECTION I. AUTHORITY FOR THIS RESOLUTION. This resolu- <br />tion is adopted ,pursuant to the provisions of Chapter 159■ Part <br />II, Florida Statutes (1981), as amended (collectively, the "Act"), <br />and other applicable provisions of Law. <br />SECTION 2. 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 />contracts, deeds and other instruments necessary or convenient <br />for the purpose of facilitating the financing of the acquisition, <br />construction and equipment of projects, as defined in the Act, <br />including machinery, equipment, land, rights in Land and other <br />appurtenances and facilities related thereto, to the end that the <br />-1- <br />