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• <br />RESOLUTION NO. 87 - 144 <br />A RESOLUTION AUTHORIZING THE EXECUTION AND DELIVERY OF A NOTE <br />PURCHASE AGREEMENT FOR THE SALE AND AWARD OF $9,200,000 <br />AGGREGATE PRINCIPAL AMOUNT. OF WATER AND SEWER REVENUE BONDS, <br />SERIES 1986, ANTICIPATION NOTES OF INDIAN RIVER COUNTY, <br />FLORIDA, AT PRIVATE SALE BY NEGOTIATION TO THE PURCHASERS <br />THEREOF; AUTHORIZING AND APPROVING CERTAIN TERMS OF SAID <br />NOTES; RATIFYING THE DISTRIBUTION OF A PRELIMINARY OFFICIAL <br />STATEMENT; AUTHORIZING THE EXECUTION AND DISTRIBUTION OF AN <br />OFFICIAL STATEMENT IN CONNECTION WITH THE MARKETING OF SUCH <br />NOTES; AUTHORIZING OTHER APPROPRIATE AND NECESSARY ACTIONS IN <br />CONNECTION WITH THE DELIVERY OF SUCH NOTES; APPOINTING A <br />PAYING AGENT AND REGISTRAR FOR SUCH NOTES; AND SPECIFYING AN <br />EFFECTIVE DATE HEREOF. <br />WHEREAS, the Board of County Commissioners of Indian River County, <br />Florida (the "Board" and the "County", respectively), by Resolution No. 86-36, <br />duly adopted on June 18, 1986, as amended and supplemented (the "Note <br />Resolution"), heretofore authorized the issuance of Water and Sewer Revenue <br />Bonds, Series 1986, Anticipation Notes of this County in the maximum aggregate <br />principal amount of $9,200,000 (the "Series 1986 Notes"); and <br />WHEREAS, the County deems it in its long-term best interests that the <br />Series 1986 Notes be sold at private sale by negotiation; and <br />WHEREAS, it is necessary and appropriate to authorize and approve <br />certain terms and provisions with respect to the Series 1986 Notes and the sale <br />thereof; and <br />WHEREAS, the County desires to appoint the "Paying Agent" to act as the <br />paying agent and registrar for the Series 1986 Notes, to ratify the distribution <br />of a Preliminary Official Statement therefor, and to authorize the execution and <br />distribution of an Official Statement therefor; and <br />