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BOOK WJ PAGE <br />ON MOTION by Commissioner Adams, <br />SECONDED by Commissioner Stanbridge, the <br />Board unanimously adopted Resolution 99-066 <br />pertaining to the issuance of the Industrial <br />Development Revenue Bonds in compliance with <br />Section 103(a) of the Internal Revenue Code of <br />1986, as amended; authorizing the issuance of the <br />Indian River County, Florida variable rate demand <br />revenue bonds (Saint Edward's School, Incorporated <br />Project), Series 1999. <br />TRUST AGREEMENT IS ON FILE IN THE OFFICE <br />OF THE CLERK TO THE BOARD <br />RESOLUTION NO. 99- 6 6 <br />A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS <br />OF INDIAN RIVER COUNTY, FLORIDA, PERTAINING TO THE <br />ISSUANCE OF THE INDUSTRIAL DEVELOPMENT REVENUE <br />BONDS REFERENCED BELOW IN COMPLIANCE WITH SECTION <br />10S(a) OF THE INTERNAL REVENUE CODE OF 1986, AS <br />AMENDED; AUTHORIZING THE ISSUANCE OF THE INDIAN <br />RIVER COUNTY, FLORIDA, VARIABLE RATE DEMAND <br />REVENUE BONDS (SAINT EDWARD'S SCHOOL, INCORPORATED <br />PROJECT), SERIES 1999, IN AN AGGREGATE PRINCIPAL <br />AMOUNT OF NOT EXCEEDING $18,000,000, FOR THE PURPOSE <br />OF MAKING A LOAN OF FUNDS TO SAINT EDWARD'S SCHOOL, <br />INCORPORATED IN ORDER TO FINANCE OR REFINANCE THE <br />ACQUISITION, CONSTRUCTION AND EQUIPPING OF CERTAIN <br />EDUCATIONAL FACILITIES IN INDIAN RIVER COUNTY, <br />FLORIDA; PROVIDING THAT SUCH REVENUE BONDS SHALL <br />NOT CONSTITUTE A DEBT, LIABILITY OR OBLIGATION OF <br />INDIAN RIVER COUNTY OR THE STATE OF FLORIDA OR ANY <br />POLITICAL SUBDIVISION THEREOF, BUT SHALL BE PAYABLE <br />SOLELY FROM THE REVENUES HEREIN PROVIDED; <br />APPROVING AND AUTHORIZING THE EXECUTION AND <br />DELIVERY OF A LOAN AGREEMENT WITH SAINT EDWARD'S <br />SCHOOL, INCORPORATED TO PROVIDE SECURITY FOR SUCH <br />BONDS, AND FOR OTHER MATTERS THEREIN PROVIDED; <br />APPROVING AND AUTHORIZING THE EXECUTION AND <br />DELIVERY OF TRUST AGREEMENT; APPOINTING FIRST UNION <br />NATIONAL BANK AS INITIAL TRUSTEE THEREUNDER; <br />APPROVING AND AUTHORIZING THE EXECUTION AND <br />DELIVERY OF A LOAN AGREEMENT AND CERTAIN OTHER <br />DOCUMENTS REQUIRED IN CONNECTION WITH THE <br />FOREGOING; AUTHORIZING THE CHAIRMAN OR VICE <br />CHAIRMAN OF THE BOARD OF COUNTY COMMISSIONERS TO <br />AWARD THE SALE OF THE BONDS TO FIRST UNION CAPITAL <br />MARKETS, CORP. AND APPROVING THE CONDITIONS AND <br />CRITERIA OF SUCH SALE; APPROVING THE FORM- OF AND <br />AUTHORIZING THE EXECUTION AND DELIVERY OF A BOND <br />PURCHASE AGREEMENT; APPROVING THE FORM OF AND <br />AUTHORIZING THE EXECUTION AND DELIVERY OF A <br />REMARTING AGREEMENT; APPROVING THE FORM OF AND <br />AUTHORIZING THE DISTRIBUTION OF AN OFFERING <br />STATEMENT WITH RESPECT TO THE BONDS; APPROVING THE <br />FORM OF AND AUTHORIZING THE EXECUTION AND DELIVERY <br />JULY 209 1999 <br />