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on deposit in its general funds to pay costs of the Project. It is not reasonably expected that the total <br />amount of debt to be incurred by the Issuer to reimburse itself for expenditures paid with respect to <br />the Project will exceed $11,000,000. This Resolution is intended to constitute a "declaration of <br />official intent" within the meaning of Section 1.150-2 of the Income Tax Regulations. <br />SECTION 3. SEVERABILITY. If any one or more of the provisions of this Resolution shall <br />for any reason be held illegal or invalid, such illegality or invalidity shall not affect any other <br />provision of this Resolution, but this Resolution shall be construed and enforced as if such illegal <br />or invalid provision had not been contained therein. <br />SECTION 4. REPEALING CLAUSE. All resolutions or orders and parts thereof in conflict <br />herewith to the extent of such conflicts, are hereby superseded and repealed. <br />SECTION 5. EFFECTIVE DATE. This resolution shall take effect immediately upon its <br />adoption. <br />PASSED AND ADOPTED the 23 day of Oct. -_, 2001. <br />(SEAL) <br />ATTEST: <br />unty Clerk <br />Approved as to form: <br />Special County Attorney <br />OCTOBER 23, 2001 <br />-83- <br />BOARD OF COUNTY COMMISSIONERS <br />INDIAN RIVER COUNTY, FLORIDA <br />By: �. <br />CHAIRMAN <br />Caroline D. Ginn <br />1 2 0 PG 16 <br />