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<br />DULY ADOPTED ON JULY 17, 1985, BY MAKING
<br />CERTAIN CHANGES NECESSARY FOR THE ISSUANCE
<br />OF A MUNICIPAL BOND INSURANCE POLICY WITH
<br />RESPECT TO THE BONDS; AND PROVIDING AN
<br />EFFECTIVE DATE.
<br />BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF
<br />INDIAN RIVER COUNTY, FLORIDA:
<br />SECTION 1. AUrHORITY FOR RESOLUTION. This resolution
<br />is adopted pursuant to the provisions of Chapter 125, Florida
<br />Statutes, Indian River County Ordinance No. 77-19, duly enacted
<br />by the Board on August 3, 1977, as amended, and other applicable
<br />provisions of law.
<br />SECTION 2. FINDINGS. It is hereby ascertained, deter-
<br />mined and declared that:
<br />A. The Board of County Commissioners of Indian River
<br />County, Florida (the "Board"), on July 17, 1985, duly adopted a
<br />resolution entitled:
<br />"A RESOLUTION PROVIDING FOR THE CONSTRUCTION
<br />AND EQUIPMENT OF A PUBLIC GOLF COURSE. IN
<br />INDIAN RIVER COUNTY, FLORIDA; AUTHORIZING THE
<br />ISSUANCE OF NOT EXCEEDING $4,200,000
<br />RECREATIONAL REVENUE BONDS, SERIES 1985, TO
<br />FINANCE THE COST THEREOF; AND PROVIDING FOR
<br />THE PAYMENT OF THE PRINCIPAL OF AND INTEREST
<br />ON SUCH BONDS FROM THE NET REVENUES TO BE
<br />DERIVED FROM THE OPERATION OF THE GOLF COURSE,
<br />THE R--ACETRACK FUNDS AND JAI ALAI FRONTON FUNDS
<br />ACCRUING ANNUALLY TO INDIAN RIVER COUNTY,
<br />FLORIDA, PURSUANT TO LAW, AND CERTAIN
<br />INVESTMENT INCOME."
<br />(the "Resolution").
<br />-1-
<br />AESOLUTION NO. 86-19
<br />A RESOLUTION AMENDING A RESOLUTION OF THE
<br />BOARD OF COUNTY COMMISSIONERS OF INDIAN
<br />RIVER COUNTY, FLORIDA, ENTITLED:
<br />•
<br />"A RESOLUTION PROVIDING FOR THE CONSTRUCTION
<br />AND EQUIPMENT OF A PUBLIC GOLF COURSE IN
<br />INDIAN RIVER COUNTY, FLORIDA; AUTHORIZING THE
<br />ISSUANCE OF NOT EXCEEDING $4,200,000
<br />•
<br />RECREATIONAL REVENUE BONDS, SERIES 1985, TO
<br />FINANCE THE COST THEREOF; AND PROVIDING FOR
<br />THE PAYMENT OF THE PRINCIPAL OF AND INTEREST
<br />ON SUCH BONDS FROM THE NET REVENUES TO BE
<br />DERIVED FROM THE OPERATION OF THE GOLF COURSE,
<br />THE RACETRACK FUNDS AND JAI ALAI FRONTON FUNDS
<br />ACCRUING ANNUALLY TO INDIAN RIVER COUNTY,
<br />FLORIDA, PURSUANT TO LAW, AND CERTAIN
<br />INVESTMENT INCOME."
<br />DULY ADOPTED ON JULY 17, 1985, BY MAKING
<br />CERTAIN CHANGES NECESSARY FOR THE ISSUANCE
<br />OF A MUNICIPAL BOND INSURANCE POLICY WITH
<br />RESPECT TO THE BONDS; AND PROVIDING AN
<br />EFFECTIVE DATE.
<br />BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF
<br />INDIAN RIVER COUNTY, FLORIDA:
<br />SECTION 1. AUrHORITY FOR RESOLUTION. This resolution
<br />is adopted pursuant to the provisions of Chapter 125, Florida
<br />Statutes, Indian River County Ordinance No. 77-19, duly enacted
<br />by the Board on August 3, 1977, as amended, and other applicable
<br />provisions of law.
<br />SECTION 2. FINDINGS. It is hereby ascertained, deter-
<br />mined and declared that:
<br />A. The Board of County Commissioners of Indian River
<br />County, Florida (the "Board"), on July 17, 1985, duly adopted a
<br />resolution entitled:
<br />"A RESOLUTION PROVIDING FOR THE CONSTRUCTION
<br />AND EQUIPMENT OF A PUBLIC GOLF COURSE. IN
<br />INDIAN RIVER COUNTY, FLORIDA; AUTHORIZING THE
<br />ISSUANCE OF NOT EXCEEDING $4,200,000
<br />RECREATIONAL REVENUE BONDS, SERIES 1985, TO
<br />FINANCE THE COST THEREOF; AND PROVIDING FOR
<br />THE PAYMENT OF THE PRINCIPAL OF AND INTEREST
<br />ON SUCH BONDS FROM THE NET REVENUES TO BE
<br />DERIVED FROM THE OPERATION OF THE GOLF COURSE,
<br />THE R--ACETRACK FUNDS AND JAI ALAI FRONTON FUNDS
<br />ACCRUING ANNUALLY TO INDIAN RIVER COUNTY,
<br />FLORIDA, PURSUANT TO LAW, AND CERTAIN
<br />INVESTMENT INCOME."
<br />(the "Resolution").
<br />-1-
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