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2016-088
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2016-088
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Last modified
6/9/2016 1:39:11 PM
Creation date
6/9/2016 1:39:11 PM
Metadata
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Template:
Official Documents
Official Document Type
Interlocal Agreement
Approved Date
06/07/2016
Control Number
2016-088
Agenda Item Number
13.A.
Entity Name
Palm Beach County Health Facilities
Subject
Fourth Amendment
Financing costs of improvements
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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 /> SNOW, THEREFORE, THIS FOURTH AMENDMENT TO THE INTERLOCAL <br /> AGREEMENT, BETWEEN THE AUTHORITY AND THE COUNTY, WITNESSETH AS <br /> 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 of interest therein. <br /> SECTION SIX. This Amendment shall be dated for convenience as of June 7 , <br /> 2016, and shall be effective as of its execution and delivery by the parties. <br /> 2 <br />
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