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PRELIMINARY OFFICIAL STATEMENT DATED [POS DATE], 2025 NEW ISSUE - BOOK -ENTRY ONLY See "RATINGS" herein In the opinion of Nabors, Giblin & Nickerson, P.A., Tampa, Florida, Bond Counsel, under existing statutes, regulations, rulings and court decisions and subject to the conditions described herein under "TAX MATTERS, " interest on the Series 2025 Bonds is (a) excludable from gross income of the owners thereof for federal income tax purposes except as otherwise described herein under the caption "TAX MATTERS, " and (b) not an item of tax preference for purposes of the federal alternative minimum tax, provided, however, with respect to certain corporations, interest on the Series 2025 Bonds is taken into account in determining the annual adjusted financial statement income for the purpose of computing the alternative minimum tax imposed on such corporations. See "TAX MATTERS" herein for a general discussion of Bond Counsel's opinion and other tax considerations. $[PAR AMOUNT] - INDIAN RIVER COUNTY, FLORIDA CAPITAL IMPROVEMENT REVENUE BONDS, SERIES 2025 [LOGO] Dated: Date of Delivery Due: April 1, as shown on the inside cover The Indian River County, Florida Capital Improvement Revenue Bonds, Series 2025 (the "Series 2025 Bonds") shall be issued by Indian River County, Florida (the "County") as fully registered bonds in the name of Cede & Co., as registered owner and securities depository nominee of The Depository Trust Company ("DTC"). Individual purchases of beneficial interests in the Series 2025 Bonds will be made in book entry form only in denominations of $5,000 or any integral multiple thereof. Purchasers of beneficial interests in the Series 2025 Bonds ('Beneficial Owners") will not receive physical delivery of certificates. Transfers of beneficial interests in the Series 2025 Bonds will be effected through the DTC book -entry system as described herein. Interest on the Series 2025 Bonds is payable on April 1, 2026 and semiannually on each April and October 1 thereafter. Principal of the Series 2025 Bonds is payable on April 1 of the years and in the amounts set forth on the inside cover page. As long as Cede & Co. is the registered owner as nominee of DTC, payment of principal and interest with respect to the Series 2025 Bond will be made directly to such registered owner which, in turn, is to remit such payments to Participants (as defined herein) for subsequent disbursement to the Beneficial Owners. See "DESCRIPTION OF THE SERIES 2025 BONDS - Book -Entry -Only System" herein. [PAYING AGENT], [CITY, STATE], will serve as the initial Registrar and Paying Agent for the Series 2025 Bonds.