10/17/2018 2:54:21 PM
10/17/2018 2:47:55 PM
intent to reimburse expeditures
North County R/O Plant
Phase II construction; well field and bring line disposal
proceeds of future bond issues
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RESOLUTION NO. 95--94 <br />A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS <br />OF INDIAN RIVER COUNTY, FLORIDA, ESTABLISHING ITS INTENT <br />TO REIMBURSE CERTAIN EXPENDITURES IN CONNECTION WITH THE <br /> NORTH COUNTY R/O PLANT -PHASE II CONSTRUCTION, WELL FIELD <br />AND BRINE LINE DISPOSAL PROJECT FROM THE PROCEEDS OF <br />FUTURE BOND ISSUES, AND PROVIDING AN EFFECTIVE DATE. <br />WHEREAS, Indian River County, Florida (the County) expects <br />to make certain expenditures in connection with the North County <br />RIO Plant -Phase II Construction, Well Field and Brine Line <br />Disposal Project of the County; and <br />WHEREAS, the County intends to reimburse itself for said <br />expenditures from the proceeds of future bond issues; <br />NOW, THERNFORE, BE IT RESOLVED BY THE BOARD OF COUNTY <br />OF INDIAN RIVER COUNTY, FLORIDA, that: <br />1. The County expects to make certain expenditures in <br />connection with the North County RIO Plant -Phase II <br />Construction, Well Field and Brine Line Disposal <br />Project of the County (the Project.) The County <br />Intends to finance said expenditures by the issuance of <br />one or more future bond issues. Some or all of said <br />expenditures are expected to be paid prior to the <br />Issuance of said future bond issues. Therefore, said <br />expenditures will be paid from the Utility Operating <br />Fund, the Utility Impact Fee Fund, and the Utility <br />Special Assessment Project Fund of the County. The <br />County intends to reimburse said funds for said <br />expenditures out of the proceeds of said future bond <br />issues expected to be used for said reimbursement is <br />$9,000,000.00. Said expenditures include, without <br />limitation, expenditures for the acquisition, <br />construction, furnishing and equipping the Project; for <br />reports, studies, and projections in connection with <br />the Project; and for other items directly related to <br />the Project. <br />
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