Laserfiche WebLink
issuance by FDFC of its Revenue Bonds (the "Bonds") pursuant to this Interlocal Agreement, the <br /> proceeds of which will be loaned to Allied Fiber, LLC and/or one or more of its affiliates, <br /> subsidiaries or related entities, including without limitation, Allied Fiber-Florida, LLC , for the <br /> purpose of financing or refinancing the acquisition, construction, equipping and development <br /> activities associated with laying and installing fiber optic cable along the east coast of Florida. <br /> Section 2 . Costs and Indebtedness <br /> The FDFC will be solely responsible for all indebtedness , liabilities, costs or expenses of the <br /> FDFC as permitted pursuant to the Act. The County will not be responsible for any indebtedness, <br /> liabilities, costs or expenses of the FDFC . All recording fees relating to the recording of this <br /> Agreement shall be the exclusive responsibility of FDFC . <br /> Bonds, notes or other indebtedness issued by FDFC : <br /> a. will not constitute and will not be construed as a debt, liability, or obligation of <br /> the County, the State or any subdivision thereof, <br /> be will not constitute and will not be construed as a pledge of the faith and credit or <br /> any taxing power of the County or the State or any subdivision thereof; and <br /> co will be limited obligations of the FDFC payable solely from and secured by a <br /> pledge of payments made by the FDFC and other funds provided therefore ; <br /> do will not reference in any context, except for geographic purposes , the political <br /> subdivision of the State known as Indian River County on or within said bond, <br /> note or other form of indebtedness . <br /> Section 3 . Notification to County <br /> OF <br /> The FDFC shall notify the County Administrator and the County Economic Development <br /> Council within twenty (20) days of receipt of an application for financing pursuant to the Act for <br /> projects located in the County . <br /> Section 4 . FDFC Operations <br /> The FDFC will be responsible for administering its own affairs pursuant to the Act and <br /> this Agreement and will not be required to obtain any further approval , consent or authorization <br /> from the County, except as the Act or any other provision of applicable law or this Agreement <br /> may provide . <br /> Section 5 . Effective Date of Agreement <br /> This Agreement is effective upon being filed with the Clerk of the Circuit Court of <br /> Indian River County, as required by law. <br /> 2 <br /> 4814-5009-5638.3 <br /> 39753/0042 RMA <br />