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Secdon 3. The Interlocal Agreement, in substantially the form attached hereto as Exhibit <br />"A", and made a part hereof, between Indian River County and the Authority is hereby approved. The <br />officers of Indian River County are, hereby authorized to enter into such Interlocal Agreements on <br />behalf of Indian River County, with such changes not inconsistent herewith as the officers executing <br />same may approve, such execution and delivery to be conclusive evidence of such approval. The <br />appropriate officers of Indian River County are hereby further authorized to execute and deliver such <br />other documents and instruments as may be necessary to implement such Interlocal Agreements, <br />including, without limitation, application for up to the maximum available private activity bond volume <br />allocations pursuant to Chapter 159, Part VI, Florida Statutes, for the purposes set forth in the <br />Interlocal Agreement. <br />Section 4. The Board hereby approves, within the meaning of Section 147(f) of the Code, <br />the Authority's plan of finance and the issuance by the Authority from time to time of not exceeding <br />$70,000,000 Single Family Mortgage Revenue Bonds, initially designated Series 1998 (Multi -County <br />Program) for funding the Authority's program for Mortgage Loans, and such other action to be taken <br />pursuant to the Escambia Resolution or Chapter 159, Part IV, Florida Statutes. <br />Section 5. All resolutions or parts thereof of the Board in conflict with the provisions <br />herein contained are, to the extent of such conflict, hereby superseded and repealed. <br />Section 6. Adoption of this Resolution does not authorize or commit the expenditure of <br />any funds of Indian River County to pay the costs of issuance of such Bonds. <br />Section 7. This Resolution shall take effect -immediately upon its adoption. <br />Duly adopted in the session this 9 day of December , 1997. <br />INDIAN RIVER COUNTY, FLORIDA <br />By: I—W 41 P'l',7 <br />(SEAL) Chairman oard of C y <br />Commis vers CA LYN K. EGGERT <br />ATTEST: <br />Clerk, Bo of County Co Toners <br />December 9, 1997 <br />Indiian Rivir Ca <br />ACj,'w.d Gaya <br />A-n:rL <br />Dei t. <br />"`� <br />