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The Series 2024 Bonds are being issued for the purpose of (1) financing costs of the acquisition and, preservation of certain environmentally sensitive lands, and the construction of public access improvements with respect thereto, as described in the plans and specifications on file with the County, and (2) paying certain costs and expenses relating to the issuance of the Series 2024 Bonds. The Series 2024 Bonds are subject to redemption prior to their stated maturities, as more particularly described herein. See "DESCRIPTION OF THE SERIES 2024 BONDS — Redemption Provisions" herein. shall serve as the initial Paying Agent and Registrar for the Series 2024 Bonds. The County has covenanted to provide certain continuing disclosure information pursuant to Rule 15c2-12 of the Securities and Exchange Commission relating to the Series 2024 Bonds. See "CONTINUING DISCLOSURE" herein. Capitalized terms used but not defined herein have the same meanings as when used in the Bond Resolution unless the context would clearly indicate otherwise. Complete descriptions of the terms and conditions of the Series 2024 Bonds are set forth in the Bond Resolution, the form of which is contained in Appendix C of this Official Statement. The descriptions of the Series 2024 Bonds, the documents authorizing and securing the same, and the information from various reports and statements contained herein are not comprehensive or definitive. All references herein to such documents, reports and statements are qualified by the entire, actual content of such documents, reports and statements. Copies of such documents, reports and statements referred to herein that are not included in their entirety in this Official Statement may be obtained from the County. INDIAN RIVER COUNTY The Florida Legislature established Indian River County on June 29, 1925. The County is located on the central Atlantic coast of Florida, approximately 100 miles southeast of Orlando and 135 miles north of Miami. The County is bordered by Brevard County to the north, St. Lucie County to the south, and Osceola and Okeechobee Counties on the west. There are approximately 100 miles of waterfront land in the County, including 23 miles of Atlantic beaches. The City of Vero Beach is the seat of County government. The County is a noncharter county established under the Constitution and the Laws of the State of Florida. A five member Board of County Commissioners, elected at large from five districts, governs the County. The Board appoints a County Administrator who is responsible for implementing the policies set forth by the Board. The County Administrator is charged with the proper fiscal management of the resources of the County. In addition to the Board, 2