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RESOLUTION NO. 85- 41 2 ® A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA. ACCEPTING CERTAIN WATER AND SEWER IMPROVEMENTS FINANCED BY THE ® $2,750,700 WATER AND SEWER FARMERS HOME ADMINISTRATION REVENUE BOND ISSUE AS COMPLETE AND AGREEING TO CERTAIN AUDIT REQUIREMENTS •0 WHEREAS, Indian River County has undertaken to make certain necessary improvements to its combined water and sewer systems, and WHEREAS, the improvements include the acquisition of Ixora and Treasure Coast Utilities, construction of lines, lift stations and appurtenances to connect the Ixora and Treasure Coast Utilities service areas to an improved municipal wastewater treatment plant, the enlargement of the County's potable water system and service areas, and certain other necessary improvements, and WHEREAS, a portion of the cost of this project has been financed by a loan in the amount of $2,750,700 from the United States Department of Agriculture, Farmers Home Administration, and WHEREAS, this loan has been based upon the expenditure of loan proceeds in the amount of $2,017,100 for water improvements and $733,600 for wastewater improvements; NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA, that: 1. Indian River County hereby accepts the project as complete with the exception of those items set forth in Schedule "A" attached hereto. 2. Indian River County agrees that as a part of its annual County audit required by Florida Statutes, it shall instruct its auditors to provide Farmers Home Administration with management reports as outlined in Appendix "A" of Farmers Home Administration's Instructions 1942-A and to instruct said auditors to conduct the annual audit in accordance with a booklet entitled "FmHA Instructions to Independent Certified Public Accountants and Licensed Public Accountants."