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RESOLUTION NO. 24-077 <br />on the Orlando Health Sebastian River Hospital Campus having a main address <br />of 13695 U.S. Highway 1 Sebastian, Florida. The Orlando Health Sebastian River <br />Hospital Campus is bordered generally by 143rd Street on the north, U.S. Highway <br />1 on the east, 83rd Street/Bay Street on the south and the Sebastian River on the <br />west, and includes the following additional addresses in Sebastian, Florida: 7915, <br />7925, 7955, 7965 and 8005 83,d Avenue/Bay Street. The initial owner of the <br />facilities described above is OHSRH, LLC, and initial principal user of such facilities <br />is Orlando Health -----$200,000,000. <br />WHEREAS, Section 147(f) of the Code requires the approval of the issuance of <br />the Bonds by the Board of County Commissioners, as the "applicable elected <br />representative" under Section 147(f) of the Code, after a public hearing following <br />reasonable public notice; and <br />WHEREAS, attached hereto as Exhibit A is a copy of the Notice of Public Hearing, <br />which was posted on the primary website of Indian River County, Florida on December <br />4, 2024. <br />NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY <br />COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA, AS FOLLOWS: <br />Section 1. The issuance by the Orange County Authority of the foregoing Bonds <br />under the plan of finance described above, in an aggregate principal amount not to <br />exceed $200,000,000 with respect to the facilities in Indian River County, Florida <br />described above, in one or more series over the longest period permitted by law for the <br />purposes set forth above, is hereby approved. <br />Section 2. The Bonds shall not constitute a debt, liability or obligation of Indian <br />River County, Florida or of the State of Florida or of any political subdivision thereof or a <br />pledge of the faith and credit or any taxing power of Indian River County, Florida or of the <br />State of Florida or of any political subdivision thereof, but shall be limited obligations of <br />the Orange County Authority payable solely from and secured by a pledge of payments <br />made by Orlando Health. <br />Section 3. The approval given herein shall be solely for the purpose of satisfying <br />the requirements of Section 147(f) of the Code and shall not be construed as an approval <br />of any zoning application or any regulatory permit required in connection with the <br />issuance of the Bonds or creating any vested rights with respect to any land use <br />regulations, and the Board of County Commissioners shall not be construed by virtue of <br />its adoption of this Resolution to have waived, or be estopped from asserting, any rights <br />or responsibilities it may have in that regard. <br />Section 4. This Resolution shall take effect immediately upon its adoption. <br />Adopted this 17th day of December 2024. <br />