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EXHIBIT A <br />TRUTH -IN -BONDING STATEMENT <br />October 2025 <br />Board of County Commissioners <br />for Indian River County, Florida <br />Re: Indian River County, Florida Capital Improvement Revenue Bonds, Series <br />2025 <br />Dear Commissioners: <br />The purpose of the following two paragraphs is to furnish, pursuant to the provisions of <br />Sections 218.385(2) and (3), Florida Statutes, as amended, the truth -in -bonding statement required <br />thereby, as follows: <br />(a) The County is proposing to issue $ principal amount of the above - <br />referenced Bonds for the principal purposes of financing certain capital improvements in and for <br />the County, as more particularly described in the plans and specifications on file with the County, <br />and paying certain costs of issuance of the Bonds. This obligation is expected to be repaid over a <br />period of approximately years. At a true interest cost of %, total interest paid over the <br />life of the obligation will be approximately $ <br />(b) The County has covenanted and agreed in the Bond Resolution to appropriate in its <br />annual budget, by amendment, if necessary, from legally available non -ad valorem revenues, <br />amounts sufficient to pay the principal of and interest on the Bonds when due in the manner and <br />to the extent provided in the Bond Resolution. Authorizing this debt will result in approximately <br />$ (representing the average annual debt service with respect to the Bonds) of such <br />moneys being used to pay debt service on the Bonds each year for years. <br />The foregoing is provided for information purposes only and shall not affect or control the <br />actual terms and conditions of the Bonds. <br />Very truly yours, <br />Underwriter <br />By: <br />Authorized Signatory <br />A-1 <br />