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(D) Pursuant to each Official Notice of Sale, any competitive bids received in accordance with the respective Official Notice of Sale on or prior to the time and date determined by the Chairman upon the advice of the Financial Advisor, in accordance with the terms and provisions of each Official Notice of Sale, shall be publicly opened and announced. (E) It is desirable for the Issuer to be able to advertise and award the Bonds at the most advantageous time and date which shall be determined by the Chairman or County Administrator upon the advice of the Financial Advisor; and, accordingly, the Issuer hereby determines to delegate the advertising and awarding of the Bonds to the Chairman or County Administrator within the parameters described herein. (F) It is necessary and appropriate that the Board determine certain parameters for the terms and details of the Bonds and to delegate certain authority to the Chairman or County Administrator for the award of the Bonds and the approval of the terms of the Bonds in accordance with the provisions hereof and of the respective Official Notice of Sale. (G) In the event Bond Counsel to the Issuer shall determine that the Bonds have not been awarded competitively in accordance with the provisions of Section 281.385, Florida Statutes, the Board shall adopt such resolutions and make such findings as shall be necessary to authorize and ratify a negotiated sale of the Bonds in accordance with said Section 218.385, Florida Statutes. (H) The Bonds shall be secured solely by a covenant of the Issuer, subject to certain conditions set forth herein, to budget and appropriate from Non -Ad Valorem Revenues amounts sufficient to pay the principal of and interest on the Bonds and any other payments required herein. (I) The principal of and interest on the Bonds to be issued pursuant to this Resolution, and all other payments provided for in this Resolution will be paid solely from Non -Ad Valorem Revenues in accordance with the terms hereof and the ad valorem taxing power of the Issuer will never be necessary or authorized to pay the principal of and interest on the Bonds to be issued pursuant to this Resolution, or to make any other payments provided for in this Resolution, and the Bonds shall not constitute a lien upon any property whatsoever of or in the Issuer. SECTION 1.05. AUTHORIZATION OF THE PROJECT. The acquisition and construction of the Project are hereby authorized. (REMAINDER OF PAGE INTENTIONALLY LEFT BLANK) T