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(C) Notice Addresses: The notice addresses for the Bond Insurer and the Fiscal Agent shall be as follows: Financial Guaranty Insurance Company, 115 Broadway, New York, New York 10006 Attention: Risk Management; and State Street Bank and Trust Company, N.A., 61 Broadway, New York, New York 10006, Attention: Corporate Trust Department. SECTION 26. BOND INSURANCE POLICY AND SURETY BOND. A Bond Insurance Policy and a Surety Bond for the Bonds, are hereby authorized to be purchased from Financial Guaranty Insurance Company in accordance with the commitments therefor attachment hereto as Exhibit B and payment for such Surety Bond is hereby authorized to be made from proceeds of the Bonds. In furtherance thereof, the Issuer is hereby authorized to enter into a Debt Service Reserve Fund Policy Agreement for the Bonds ( the ` Guaranty Agreement") with Financial Guaranty Insurance Company, and the Chairman or Vice Chairman are hereby authonzed to execute and deliver and the Clerk is hereby authorized to attest such Guaranty Agreement in substantially the form attached hereto as Exhibit C with such changes, insertions and omissions as shall be made by the officers of the Issuer executing the same, with execution thereof being conclusive evidence of such approval SECTION 27. PAYING AGENT AND REGISTRAR First Union National Bank is hereby appointed and designated to serve as Paying Agent and Registrar for the Bonds. SECTION 28. SEVERABILITY OF INVALID PROVISIONS. If any one or more of the covenants, agreements or provisions herein contained shall be held contrary to any express provisions of law or contrary to the policy of express law, though not expressly prohibited, or against public policy, or shall for any reason whatsoever be held invalid then such covenants, agreements or provisions shall be null and void and shall be deemed separable from the remaining covenants, agreements or provisions and shall in no way affect the validity of any of the other provisions hereof or of the Bonds issued hereunder. SECTION 29. REPEALING CLAUSE. All Resolutions or resolutions or parts thereof of the Issuer in conflict with the provisions herein contained are, to the extent of such conflict, hereby superseded and repealed. SECTION 30. EFFECTIVE DATE. This Resolution shall take effect immediately upon its adoption. Approved and adopted by the Board of County Commissioners of Indian River County, Florida on this 7th day of August, 2001 ATTEST Jeffrey K. Barton, Clerk By: Deputy Clerk Approved as to Form and Legal Sufficiency By Special County Attorney AUGUST 7, 2001 -98- BOARD OF COUNTY COMMISSION INDIAN RIVER COUNTY, FLORIDA By: Chairman 81; 1 19 PG 1 13