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Last modified
2/22/2016 1:18:17 PM
Creation date
10/1/2015 2:32:38 AM
Metadata
Fields
Template:
Official Documents
Official Document Type
Third Amendment
Approved Date
10/19/2010
Control Number
2010-264
Agenda Item Number
10.A.2
Entity Name
Palm Beach County Health Facilities Authority
Subject
Interlocal Agreement 3rd. Amendment Retirement Community Revenue Bonds
original 11/27/1996, 1st amendment 11/24/98 2nd.12/06/2006
Supplemental fields
SmeadsoftID
9854
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payments in the amounts and at the times required and the obligation to repair and maintain the <br /> ° health care facilities to be financed by the proceeds of the Bonds at its own expense ; and <br /> WHEREAS , title to the health care facilities to be financed by the proceeds of the Bonds <br /> shall be in ACTS and neither the Authority , the County nor the State of Florida or any political <br /> subdivision thereof shall in any way be obligated to pay the principal , premium , if any , or <br /> interest on the Bonds to be issued to finance the said project as the same shall become due , and <br /> the issuance of such Bonds shall not directly, indirectly, or contingently obligate the Authority, <br /> the County, the State of Florida, or any political subdivision thereof to levy or pledge any form <br /> of taxation whatsoever therefore or to make any appropriation from ad valorem taxation <br /> revenues or other revenues for their payment . <br /> NOW, THEREFORE , THIS THIRD AMENDMENT TO THE INTERLOCAL <br /> AGREEMENT, between the Authority and the County, WITNESSETH AS FOLLOWS : <br /> SECTION ONE . At all times prior to and during the term of this agreement the <br /> Authority and County constitute "public agencies" as that term is defined in Section <br /> 163 . 02 (3 ) (b) , Florida Statutes , as amended, and both the Authority and the County have in <br /> common the power and authority to issue revenue bonds in order to provide financing for the <br /> acquisition, operation and maintenance of health care facilities , such power and authority as each <br /> might exercise separately . <br /> SECTION TWO . The Authority and County are entering into this Amendment in order <br /> to more effectively perform their service function related to the provision of adequate health care <br /> facilities and services pursuant to the powers granted under Section 163 . 01 , Florida Statutes , as <br /> amended, and to permit the Authority to operate within the jurisdiction of the County for the <br /> purpose of financing the two health care facilities owned by ACTS within the County . <br /> SECTION THREE . This Amendment shall in no way be interpreted to authorize the <br /> delegation of the constitutional or statutory duties of the Authority, the County, the State of <br /> Florida, or any officers of any political subdivision thereof. . <br /> SECTION FOUR. This Amendment and the Bonds shall not be deemed to constitute a <br /> debt, liability or obligation of or pledge of the faith and credit of the County, Palm Beach <br /> County, the Authority, the State of Florida, or any political subdivision thereof. The issuance of <br /> the Bonds shall not directly, indirectly, or contingently obligate the Authority, the County, Palm <br /> Beach County, the State of Florida, or any political subdivision thereof to levy or to pledge any <br /> form of taxation whatsoever therefore , or to make any appropriation for their payment . <br /> SECTION FIVE . Title to the health care facilities financed by the Bonds in accordance <br /> with this Amendment shall be in ACTS , and neither the Authority nor the County shall have any <br /> title or interest therein . <br /> SECTION SIX . This Amendment shall be dated for convenience as of October 19t" <br /> 2010 and shall be effective as of its execution and delivery by the parties . <br /> IN WITNESS WHEREOF , this Amendment has been executed by and on behalf of the <br /> County by its Chairman and the seal of said County affixed hereto and attested by the Clerk of <br /> 2 . <br />
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