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40 ,LAF/DM9WK/7-10-86/dm RESOLUTION NO. 86-39 WHEREAS, Indian River County, Florida (the "County"), heretofore adopted a Resolution on .lune 18, 1986, relating to Florida Convalescent Centers, Inc., (the "Corporation"), whereby the County authorized the issuance of its revenue bonds for the purpose of paying the cost of acquisition, construction and equipping of the Corporation's proposed facility consisting of certain land, buildings, structures and equipment to be used as a skilled and intermediate care nursing home facility (the "Project") which shall be located in Indian River County, Florida; and WHEREAS, the County is authorized to issue its revenue bonds to finance the Project pursuant to the provisions of the Florida Industrial Development Financing Act, Part II of Chapter 159, Florida Statutes, as amended; and WHEREAS, in order to satisfy the requirement of Section 103(k) of the Internal Revenue Code of 1954, as amended, the County held a public hearing on the proposed issuance of its $4,800,000 Revenue Bonds, Series 1986 (Florida Convalescent Centers, Inc. Project) (the "Bonds") on the date of adoption hereof, more than 14 days following the first publication of notice of such public hearing in a newspaper of general circulation in Indian River County, Florida (a true and accurate copy of the publication of notice is attached hereto as Exhibit "A"), which public hearing was conducted in a manner that provided a reasonable opportunity for persons with differing views to be heard on both the issuance of the Bonds and the location and nature of the Project; and WHEREAS, the Board of County Commissioners of Indian River County, Florida, is the elected legislative body of the County;