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0 <br />EXHIBIT C <br />CERTIFICATE AS TO ARBITRAGE <br />I, the undersigned officer of the Indian River County Board of County Commissioners (the <br />"Lessee"), being the person duly charged, with others, with responsibility for issuing the Lessee's <br />obligations in the form of that certain agreement entitled "Lease -Purchase Agreement" with referenced <br />Exhibits attached thereto (the "Agreement") dated February 1, 1999 , and 'issued said date, UEREBY <br />CERTIFY that: <br />I. The Agreement was issued by the Lessee under and pursuant to law to finance the acquisition of the <br />certain Equipment described therein. <br />2. Pursuant to the Agreement, the Lessee is entitled to receive said. Equipment in consideration for the <br />obligation of the Lessee under the Agreement. Said Equipment will he used in furtherance of the public .. <br />purposes of the Lessee. The Lessee does not intend to sell said Equipment or said Agreement or to <br />otherwise dispose of said Equipment during the term of the Agreement. The Lessee will not receive any <br />monies, funds, or other "proceeds" as a result of the Agreement. <br />3, The Lessee expects to make payments under the Agreement from its general funds on the basis of <br />annual appropriations in the amounts equal to the required payments under the Agreement. The remaining <br />general funds of the Lessee are not reasonably expected to be used to make such payments and no other <br />monies are pledged to the Agreement or reasonably expected to be used to pay principal and interest on the <br />Agreement. <br />d. The Lessee has not received notice that its Certificate may not be relied upon with respect to its own <br />issues nor has it been advised that any adverse action by the Commissioner of Internal Revenue is <br />contemplated. <br />To the best of my knowledge, information and belief the expectations herein expressed are reasonable <br />and there are no facts, estimates or circumstances other than those expressed herein that would materially <br />affect the expectations herein expressed. <br />IN WITNESS WHEREOF, I have hereunto set my hand this day o1-191?, <br />LESSEE: than River Court d of County Commissioners <br />By: <br />X, <br />eh t Itt <br />Titte: Chairman <br />