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OFFICIAL STATEMENT <br />Relating To <br />$[PAR AMOUNT]" <br />INDIAN RIVER COUNTY, FLORIDA <br />CAPITAL IMPROVEMENT REVENUE BONDS, SERIES 2025 <br />INTRODUCTION <br />General <br />This introduction is subject in all respects to the more complete information and <br />definitions contained or incorporated in this Official Statement and should not be <br />considered to be a complete statement of the facts material to making an informed <br />investment decision. The offering by Indian River County, Florida (the "County") of its <br />$[PAR AMOUNT]` Capital Improvement Revenue Bonds, Series 2025 (the "Series 2025 <br />Bonds") to potential investors is made only by means of the entire Official Statement, <br />including the cover page, inside cover page and all appendices attached hereto. <br />Authority for the Series 2025 Bonds <br />The Series 2025 Bonds are being issued pursuant to Resolution No. [RESO NO.], <br />duly adopted by the Board of County Commissioners (the "Board") of the County on <br />[October 7], 2025 (the "Resolution"). The Series 2025 Bonds are being issued under the <br />authority of Constitution and laws of the State of Florida (the "State"), particularly Section <br />125.01 et seq., Florida Statutes, and other applicable provisions of law (the "Act"). <br />Capitalized terms used but not defined herein have the same meaning as ascribed in the <br />Resolution unless the context would clearly indicate otherwise. See "APPENDIX C -- <br />Form of Resolution" attached hereto. <br />Purpose of the Series 2025 Bonds <br />The Series 2025 Bonds are being issued for the purposes of (i) financing and <br />reimbursing the costs of the acquisition, renovation and construction and equipping of <br />improvements to the County's golf course facilities, including appurtenances thereto, <br />together with such other capital projects as shall be approved by the Board, and (ii) paying <br />certain costs of issuance of the Series 2025 Bonds. See THE PROJECT" herein. <br />Security for the Series 2025 Bonds <br />The Series 2025 Bonds are payable from the Non -Ad Valorem Revenues budgeted <br />and appropriated for purposes of payment of the debt service on the Series 2025 Bonds in <br />* Preliminary, subject to change. <br />1 <br />