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GENERAL INFORMATION CONCERNING INDIAN RIVER COUNTY, FLORIDA Tile following information has been provided by Indian River County, Florida, and Is Included only for the purpose of providing general background Information. The Information has been compiled on behalf of the County, and such compllation Involved oral and written communication with various of the sources indicated. The laformatlon U subject to change, although efforts have been made to update Information where practicable. The Series 1996 Bonds are not a general obligation of the State of Florida or any political subdivision thereof, including Indian River County, and are only payable from the sources described in the Official Statement. Deserlitidon Indian River County (the "County") was established in 1925 by an Act of the Legislature separating it from St. Lucie County, The County encompasses approximately 497 square miles and is located in the middle of Florida on the eastern coast, approximately 135 miles north of Miami, 190 miles south of Jacksonville and 135 miles east of St. Petersburg. The County is bounded on the north by Brevard County, on the south by St. Lucie County, on the weal by Osceola and Okeechobee Counties and on the east by the Atlantic Ocean. The City of Vero Beach is the seat of County government and the largest city in the County. Other incorporated cities located within the County are Fellsmere, Indian River Shores, Orchid and Sebastian. There are approximately 100 miles of waterfront land in the County, including approximately 23 miles of Atlantic Ocean beaches. Government Indian River County has a rive -member Board of County Commissioners (the "Commission"). Each member represents one of five districts, elected at large (County -wide) for staggered terms of four years. The Chairman and Vice -Chairman are elected by the Commission. A County Administrator is appointed by the Commission and is responsible for administrative and fiscal control of the resources of the County. The following is a list of the Commissioners and the expiration of their respective terms. Name ME Term Expires Fran B. Adams Chairman November, 1996 Carolyn X Eggert Vice -Chairman November, 1998 John W Tippw Member November, 1998 Richard N. Bud Member November, 1996 Kenneth R. Macht Member November, 1996 The Commission apportions and levies County taxes and controls the expenditure of all County funds, except school funds which are controlled by the School Board of Indian River County, and except for funds which are controlled by an independent taxing district. The budget year of the County runs from October 1 to the following September 30. Operating revenue is raised from ad valorem taxes, real and personal property taxes, and user fees with supplements from state and federal sources. The Commission operates a county road system, water and sewer system, solid waste disposal system, a public golf course and other recreational facilities, and has power to establish, build, maintain, repair, protect and preserve these public facilities. Other elected ofiiciala serving County -wide are a Property Appraiser, Tax Collector, Supervisor of Elections, Sheriff and Clerk of the Circuit Court who is also the Clerk of the Board of County Commissioners. A-1