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$5,.165,OOQ of the Bonds at the price of par, resulting in an <br />® average net interest cost rate less than the Interest: Rate Limit; <br />now, therefore, <br />BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF <br />INDIAN RIVER COUNTY, FLORIDA: <br />SECTION 1. AWARD OF BONDS. $5,165,000 aggregate prin- <br />cipal amount of the Bonds are hereby awarded and sold to the <br />Purchaser at the price of par. <br />3 <br />SECTION 2. NECESSARY ACTION. The proper officers of. <br />the Issuer are hereby designated agents of the Issuer in connec- <br />tion with the issuance of the Bonds, and are authorized and <br />empowered, individually or collectively, to take all action and <br />steps and to execute and deliver any and all instruments, docu- <br />ments or contracts on behalf of the Issuer w"rich are required by <br />the Resolution and/or are necessary and desirable in connection <br />with the execution and delivery of the Bonds, and which are not <br />inconsistent with this resolution and any ocher action relating <br />to the Bonds. <br />SECTION 3. EFFECTIVE DATE. This resolution shall take <br />effect immediately upon its adoption. <br />The foregoing resolution was offered by Commissioner <br />Scurlock _ who moved its adoption. The motion was seconded <br />by Commissioner Bowmanand, upon being put to a vote, <br />the vote was as follows_ <br />Patrick B. Lyons, Chairman Aye <br />Don C. Scurlock, Jr., Vice Chairman Aye <br />Margaret C. Bowman Aye <br />Richard N. Bird Aye <br />William C. Wodtke, Jr. Absent <br />The Chairman thereupon declared Resolution #85-63 duly <br />passed and adopted this 5th day of June, 1985. <br />BOARD OF COUNTY COMMISSIONERS OF <br />INDIANN jR COUNTY, FLORIDA <br />By <br />ATRICK B._LYe0C airman <br />-2- <br />(page two of three) <br />