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RESOLUTION NO. 2001-073
<br />A RESOLUTION OF INDIAN RIVER COUNTY, FLORIDA
<br />AUTHORIZING THE NEGOTIATED SALE OF NOT TO EXCEED
<br />$18,000,000 INDIAN RIVER COUNTY, FLORIDA REVENUE BONDS
<br />(SPRING TRAINING FACILITY), SERIES 2001; AWARDING THE SALE
<br />THEREOF SUBJECT TO THE TERMS AND CONDITIONS OF A BOND
<br />PURCHASE CONTRACT; DELEGATING AUTHORITY TO AWARD THE
<br />SALE OF THE BONDS TO THE CHAIRMAN OR VICE CHAIRMAN;
<br />AUTHORIZING THE DISTRIBUTION OF PRELIMINARY AND
<br />OFFICIAL STATEMENTS IN CONNECTION WITH THE DELIVERY OF
<br />THE BONDS AUTHORIZING THE EXECUTION OF THE CONTINUING
<br />DISCLOSURE AGREEMENT PROVIDING FOR CERTAIN OTHER
<br />MATTERS IN CONNECTION THEREWITH; AND PROVIDING AN
<br />EFFECTIVE DATE
<br />WHEREAS, the Board of County Commissioners of Indian River County, Florida (the "Issuer")
<br />has, by Resolution No. 2001-072 adopted on August 7 , 2001 (the `Resolution") authorized the issuance
<br />of not to exceed $18,000,000 Indian River County, Florida Revenue Bonds (Spring Training Facility),
<br />Series 2001 (the `Bonds") to finance the acquisition, construction, rehabilitation and equipping of the
<br />existing baseball spring training facility generally known as "Dodgertown" located in Indian River County,
<br />Florida; and
<br />WHEREAS, the Issuer now desires to issue bonds to be sold by negotiated sale to William R.
<br />Hough & Co. and Hanifen, Imhoff, a Division of Stifel Nicolaus and Company, Inc. (collectively, the
<br />`Underwriters"); and
<br />WHEREAS, due to the complexity ofthe financing, the critical importance of the timing of the sale
<br />of the Bonds and the willingness of the Underwriters to purchase the Bonds pursuant to the terms and
<br />conditions set forth in the Bond Purchase Contract, the form of which is attached as Exhibit "A", it is in the
<br />best interest of the public to negotiate the sale of the Bonds with the Underwriters; and
<br />WHEREAS, the Issuer desires to sell its Bonds pursuant to the Bond Purchase Contract; authorize
<br />distribution of the Preliminary Official Statement and Official Statement in connection with the issuance of
<br />the Bonds; and
<br />WHEREAS, the Issuer has been or will be provided all applicable disclosure information required
<br />by Section 218.385(6), Florida Statutes; and
<br />WHEREAS, all capitalized undefined terms used herein shall have the meaning set forth in the
<br />Resolution;
<br />NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY
<br />COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA:
<br />SECTION 1 Due to the complexity of the financing, the critical importance of the timing of the
<br />sale of the Bonds and the willingness of the Underwriters to purchase not to exceed $18,000,000 principal
<br />amount of Indian River County, Flonda Revenue Bonds (Sprang Training Facility), Series 2001 (the
<br />"Bonds), it is hereby determined that it is in the best interest of the public and the Issuer to sell the Bonds
<br />at a delegated negotiated sale, and such sale to the Underwriters, as determined by the Chairman or Vice
<br />Chairman, is hereby authorized and approved, subject to full satisfaction of the conditions set forth in this
<br />Section. The sale shall be in accordance with the terms of the Bond Purchase Contract and in substantially
<br />the form attached hereto as Exhibit "A", with such changes, amendments, modifications, omissions and
<br />AUGUST 7, 2001
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