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OFFICIAL STATEMENT <br />Relating to <br />$[ 1` <br />INDIAN RIVER COUNTY, FLORIDA <br />GENERAL OBLIGATION BONDS, <br />SERIES 2024 <br />INTRODUCTION <br />The purpose of this Official Statement, which includes the cover page, inside cover <br />page and the appendices, is to furnish information with respect to the issuance by Indian <br />River County, Florida (the "County") of $[ J* aggregate principal amount of its <br />General Obligation Bonds, Series 2024 (the "Series 2024 Bonds"). <br />The Series 2024 Bonds are being issued by the County under the authority of Article <br />VII, Section 12 of the Constitution of the State of Florida, Chapter 125, Florida Statutes, <br />and other applicable provisions of law, and pursuant Resolution No. 2023-004 adopted by <br />the Board of County Commissioners (the 'Board") of the County on January 31, 2023, as <br />supplemented by Resolution No. adopted by the Board on June _, 2024 <br />(collectively, the 'Bond Resolution"). <br />The issuance of certain general obligation bonds in one or more series in a combined <br />aggregate principal amount of $50,000,000 was approved by the qualified electors of the <br />County at a bond referendum held on November 8, 2022 (the "Referendum") and validated <br />by a judgment of the Circuit Court of the Nineteenth Judicial Circuit of the State of Florida, <br />in and for the County, on April 27, 2023, the period for appeal of which has expired. The <br />Series 2024 Bonds are the first series of general obligation bonds to be issued by the County <br />pursuant to the authority of the Referendum. <br />Following the issuance of the Series 2024 Bonds, the County will have <br />approximately $-.— * of remaining bonding authority under the Bond <br />Resolution and the authority of te Referendum herein. <br />The Series 2024 Bonds are general obligation bonds of the County to which the full <br />faith, credit and taxing power of the County are irrevocably pledged in the manner and to <br />the extent described in the Bond Resolution. The Series 2024 Bonds are payable from ad <br />valorem taxes levied without limitation as to rate or amount on all taxable property within <br />the County, sufficient in amount to pay the principal of and interest on the Series 2024 <br />Bonds. See "SECURITY FOR THE SERIES 2024 BONDS" herein. <br />* Preliminary, subject to change <br />108 <br />