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RESOLUTION NO. 2005- 059 <br />A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS OF <br />INDIAN RIVER COUNTY, FLORIDA PROVIDING FOR THE ISSUANCE OF <br />GENERAL OBLIGATION BONDS OR NOTES OF INDIAN RIVER COUNTY, <br />FLORIDA IN ONE OR MORE SERIES, IN AN AMOUNT NOT TO EXCEED <br />$50,000,000 AGGREGATE PRINCIPAL AMOUNT TO FINANCE THE COST OF <br />ACQUIRING LANDS TO PROTECT WATER RESOURCES AND DRINKING <br />WATER, ENVIRONMENTALLY SIGNIFICANT LANDS, HISTORIC SITES, <br />AGRICULTURAL LANDS, AND LANDS FOR OPEN SPACES AND/OR <br />WILDLIFE HABITAT; PROVIDING FOR THE PAYMENT OF THE BONDS <br />FROM AD VALOREM TAXES OF THE COUNTY; PROVIDING FOR THE <br />RIGHTS, REMEDIES AND SECURITY OF THE HOLDERS OF SUCH BONDS; <br />MAKING OTHER COVENANTS AND AGREEMENTS IN CONNECTION <br />THEREWITH; AND PROVIDING FOR CERTAIN MATTERS WITH RESPECT <br />THERETO AND AN EFFECTIVE DATE. <br />BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF INDIAN <br />RIVER COUNTY, FLORIDA, that: <br />SECTION 1. AUTHORITY FOR THIS RESOLUTION. This Resolution is adopted <br />pursuant to the Constitution of Florida, Section 125.01, Florida Statutes, and other applicable <br />law; Resolution No. 2004-062 of the Board of County Commissioners of Indian River County, <br />Florida, adopted June 22, 2004; and the vote of the electors of Indian River County, Florida on <br />November 2, 2004, in accordance with Chapter 100, Florida Statutes. <br />SECTION 2. FINDINGS. It is hereby found and determined: <br />(A) The acquisition of lands to protect water resources and drinking water, <br />environmentally significant land, historic sites, agricultural lands and lands for open spaces <br />and/or wildlife habitat constitutes a public purpose for which bonds payable from county ad <br />valorem taxes may be issued pursuant to the Constitution of the State of Florida and Chapter <br />125 Florida Statutes, as amended. <br />(B) On June 22, 2004, the Board of County Commissioners of Indian River County, <br />Florida, did adopt its Resolution No. 2004-062 entitled: <br />A RESOLUTION OF THE BOARD OF COUNTY <br />COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA, <br />CALLING A BOND REFERENDUM ELECTION FOR THE <br />ISSUANCE OF GENERAL OBLIGATION BONDS; PROVIDING <br />THE FORM OF THE BALLOT TITLE AND THE BOND <br />REFERENDUM QUESTION; PROVIDING FOR THE PLACES OF <br />VOTING, PRINTING OF BALLOTS AND BOND REFERENDUM <br />ELECTION PROCEDURE; PROVIDING FOR EFFECT OF <br />REFERENDUM RESULTS; PROVIDING FOR A GENERAL <br />No. 15(c) <br />