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RESOLUTION 2001407 SUPPLEMENTING RESOLU'I <br />063 PROVIDING FOR SALE OF NOT TO EXCEED SI1 <br />RAL OBLIGATION BONDS; RESOLUTION 2 <br />POINTING ROBERT C. REID SPECIAL C <br />ATTORNEY FOR THE PURPOSE OF COORDINATIN <br />APPROVING AND NOTING FINANCING DOCUMEN' <br />TION WITH THE ISSUANCE OF N <br />5114,000,000 GENERAL OBLIGATION BONDS; AND <br />ON 2001- <br />TABLISHII <br />NT <br />0 <br />REIMBURSE CERTAIN PROJECT COSTS INCURRED WITH <br />': <br />OF F <br />-FYFN4PT <br />ACQUISITION ADVISORY COMMITTEE - <br />ENVIRONMENTAL LANDS <br />The Board reviewed a Memorandum of October 17, 2001: <br />TO: Board of County Commissioners <br />THRU: James E. Chandler, County Administrator <br />FROM: Joseph A. Baird, Assistant County Administrator 1P <br />DATE: October 17, 2001 <br />SUBJECT: Resolutions Authorizing the Issuance of $11,000,000 General <br />Obligation Bond Issue for Environmentally Significant Land <br />by Competitive Sale <br />CING - <br />On November 3, 1992, a vote of the electors in Indian River County authorized the <br />acquisition of environmentally significant land by issuance of general obligation bonds not <br />exceeding $26,000,000 to be repaid in 15 years, and structured so that at the time of issuance the <br />rate necessary to fund the maximum annual payments on the bonds shall not exceed 1/2 mill. <br />Indian River County issued a 15 year $15,000,000 General Obligation Bond Issue to purchase <br />environmentally sensitive land on July 11, 1995, leaving $11,000,000 to be issued in the future. <br />OCTOBER 23, 2001 <br />-74- <br />lli'i i L. 01 i J U 7 <br />