Laserfiche WebLink
County.4uorney's Matters-B.C.C. 11.05.13 <br /> Ofce of <br /> INDIAN RIVER COUNTY <br /> * ATTORNEY <br /> �OR1l <br /> Dylan Reingold,County Attorney <br /> William K.DeBraal,Deputy County attorney <br /> Kate Pingolt Cotner,.Assistant Count),Attorney <br /> MEMORANDUM <br /> TO: Board of County Commissioners <br /> FROM: Dylan Rein old t• <br /> y g , County Attorney <br /> DATE: October 25, 2013 <br /> SUBJECT: Interlocal Agreement regarding Florida Development Finance Corporation <br /> The Florida Development Finance Corporation (the "Corporation"), created pursuant to Section 288.9604, <br /> Florida Statutes, is a public corporation that has the authority to issue revenue bonds to finance projects in <br /> order to enhance economic development. In order to issue such bonds the Corporation must have entered <br /> into an interlocal agreement with the local government in which the project will be located. The <br /> Corporation is requesting to enter into an interlocal agreement with Indian River County so that the <br /> Corporation will be able to issue bonds to assist Allied Fiber in creating a fiber optic network from Miami <br /> to Atlanta, Georgia. The requested interlocal agreement is solely intended to assist in the funding of the <br /> project and does not constitute any development or regulatory permit. Additionally, the Board will not be <br /> liable or responsible for any of the indebtedness, liabilities, costs, or expenses of the Corporation. The <br /> interlocal agreement only relates to the Allied Fiber project and the Corporation will be required to obtain <br /> the consent of the Board for support for any other project within Indian River County. <br /> FUNDING. <br /> There is no funding associated with this agenda item. <br /> Indian River Co. Apyroved Date <br /> Approved for November S,2013 BCC Meeting Admin. W 3 <br /> O <br /> County Attorney's Matters co.Atty. It.3 <br /> Budget 10 I <br /> Department --- <br /> -T/ COUNTY ATTORNEY Risk Management --- --- <br /> w.- <br /> r-::nrr.,,,.,carrw•.rrcra,i1.ft r't•.gy.•,m amu,.�a.ik.rr.,M-.r➢.rp m tr rH„ <br /> 226 <br />