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authorizing the selection of a provider of <br />municipal bond insurance; providing certain other <br />matters in connection therewith; and providing an <br />effective date. <br />EXHIBITS A, B, C AND D ARE ATTACHED TO THE <br />ORIGINAL RESOLUTION <br />RESOLUTION NO. 2001-107 <br />A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS OF <br />INDIAN RIVER COUNTY, FLORIDA, SUPPLEMENTING RESOLUTION NO. <br />95-63; PROVIDING FOR THE SALE OF NOT TO EXCEED $11,000,000 <br />GENERAL OBLIGATION BONDS OF INDIAN RIVER COUNTY, FLORIDA, <br />FIXING REDEMPTION PROVISIONS AND SERIES DESIGNATION FOR THE <br />BONDS; SETTING FORTH THE FORM OF THE NOTICE OF BOND SALE <br />AND SUMMARY NOTICE OF BOND SALE RELATING TO THE SALE OF <br />SUCH BONDS; DIRECTING PUBLICATION OF THE SUMMARY NOTICE OF <br />SALE RELATING TO SUCH BONDS; PROVIDING FOR THE OPENING OF <br />BIDS RELATING TO THE SALE OF THE BONDS; SETTING FORTH THE <br />OFFICIAL NOTICE OF SALE AND BID FORMS; PROVIDING THAT SUCH <br />BONDS SHALL BE ISSUED IN FULL BOOK ENTRY FORM; APPROVING <br />THE FORM OF A PRELIMINARY OFFICIAL STATEMENT; COVENANTING <br />TO PROVIDE CONTINUING DISCLOSURE; AUTHORIZING THE SELECTION <br />OF A REGISTRAR AND PAYING AGENT; AUTHORIZING THE SELECTION <br />OF A PROVIDER OF MUNICIPAL BOND INSURANCE; PROVIDING <br />CERTAIN OTHER MATTERS IN CONNECTION THEREWITH; AND <br />PROVIDING AN EFFECTIVE DATE. <br />WHEREAS, on May 16, 1995, the Board of County Commissioners of Indian River County, <br />Florida (the "County" or the "Issuer") adopted Resolution No. 95-63, as supplemented (the "Original <br />Resolution") to provide for the issuance of not to exceed $26,000,000 in aggregate principal amount <br />of Indian River County General Obligation Bonds (the "Bonds") payable from the County's ad <br />valorem taxes without limit on all taxable property in the County as provided in the Original <br />Resolution; provided, however, that the Bonds shall be structured in such a manner that at the time <br />of issuance of any series thereof, the millage rate required to make the maximum annual payment <br />of the principal of and interest on the Bonds shall not exceed %2 mil of the then assessed value of all <br />lands situated in the County subject to ad valorem taxation; and <br />WHEREAS, it is in the best interest of the County to provide for the current public sale of <br />not to exceed $11,000,000 of such Bonds as an additional Series of Bonds; <br />NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY <br />COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA, as follows: <br />SECTION 1. SERIES DESIGNATION. The series designation for the Bonds is hereby <br />determined to be Series 2001 (and hereinafter are referred to as the "Series 2001 Bonds"). <br />OCTOBER 23, 2001 nil <br />-76- <br />