2002-034 - Laserfiche WebLink

Home Browse Search

RESOLUTION NO. 2002-034 the County, the proposed form of which is attached hereto as Exhibit "B" (the "Interlocal Agreement") is hereby authorized. The form of the Interlocal Agreement attached hereto as Exhibit "B" is hereby approved, subject to such changes, insertions and omissions and such filling in of blanks therein as may be approved and made in such form by the officers of the Board and Florida Housing executing the same, such execution and delivery to be conclusive evidence of such approval. SECTION 2. The Chairman or Vice Chairman and the Clerk or Assistant Clerk of the Board are hereby authorized and empowered to execute and deliver the Interlocal Agreement, subject to such changes, modifications, additions, deletions and substitutions as such officers executing the same shall approve, such execution to be conclusive evidence of such approval and to affix thereto or impress thereon the seal of the County. SECTION 3. The Bonds shall not constitute a debt,liability or obligation of the County or a pledge of the faith and credit of the County, and the County will not be liable on the Bonds,nor will the Bonds be payable out of any funds other than those pledged and assigned under the Indenture and the Loan Agreement, pursuant to the terms of which Florida Housing issues the Bonds. SECTION 4. It is expressly stated and agreed that the adoption of this Resolution is not a guaranty, express or implied, that Florida Housing will approve the issuance of the Bonds for the Project. The Developer shall hold the County, the Board and its past, present and future members, officers,staff,attorneys,financial advisors and employees harmless from any liability or claim based upon the failure of Florida Housing to close the transaction and issue the Bonds or any other cause of action arising from the adoption of this Resolution,the processing of the bond volume allocation request for the Project, or the issuance of the Bonds. The Developer recognizes that the County's 3