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be considered and a zero rate or blank rate will.not be permitted. All 2024 Bonds maturing on the same date shall bear the same rate of interest. The 2024 Bonds will be awarded to the bidder. offering to purchase the 2024 Bonds at the lowest annual interest cost computed on a TIC basis: The annual TIC will be determined by doubling the semi-annual interest rate necessary to discount the semi-annual debt servicepayments on the 2024 Bonds back to the Net Bond Proceeds (defined as the par amount of the 2024. Bonds, plus any OIP, less any OID and underwriters' discount on the 2024 Bonds, calculated :on a 360 day, year to the Closing Date, as defined below). The TIC mustbe calculated to four (4) decimal_ places: If more than one bid offers the same lowest TIC, the successful bid will be selected by lot from among all such. bids NO BID SHALL BE ACCEPTED WITH. A TIC GREATER THAN 5.00%, THE ISSUER RESERVES THE RIGHT TO REJECT ALL BIDS OR ANY BID NOT CONFORMING TO THIS OFFICIAL NOTICE OF SALE: THE ISSUER ALSO RESERVES THE RIGHT TO WAIVE, IF PERMITTED BY LAW, ANY IRREGULARITY OR INFORMALITY IN ANY PROPOSAL. THE ISSUER SHALL NOT REJECT ANY CONFORMING BID, UNLESS ALL CONFORMING BIDS ARE REJECTED. GOOD FAITH DEPOSIT If the County selects a winning bid, then the. successful bidder must submit a':'Good Faith Deposit" (the "Deposit") to the .County in the form ofa. wire transfer, in the 'amount of $250,000 not later than 12:00 noon, Eastern time on the business day following the date of the award. The Deposit of the successful bidder will be collected and the proceeds thereof retained by the Issuer. to be applied as partial. payment for the. 2024 Bonds and no interest will be allowed or paid upon the amount thereof, but in the event the successful bidder shall fail to comply with the terms of the bid, the proceeds thereof will be retained as and for full liquidated damages. STANDARD FILINGS, CHARGES AND CLOSING DOCUMENTS The winning bidder . will be required to make the standard filings and maintain the appropriate records. routinely required pursuant to MSRB Rules G-8, G-11 and G-36. The winning bidder will be required to pay the standard MSRB charge for the 2024 Bonds purchased. In addition, those who are members of SIFMA will be required to -pay SIFMA's standard charge per bond. The winning bidder will also be required to execute certain closing documents required by Florida law or required by Bond Counsel (as defined below) in connection with the delivery of its tax opinion. See "DISCLOSURE; AMENDMENTS TO NOTICE OF SALE; NOTIFICATION OBLIGATIONS OF PURCHASER" herein. CUSIP NUMBERS