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RESOLUTION NO. 95-_9$ <br />A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS OF INDIAN RIVER <br />COUNTY, FLORIDA, ESTABLISHING ITS INTENT TO REIMBURSE CERTAIN <br />EXPENDITURES IN CONNECTION WITH THE 26TH STREET WATER MAIN <br />PROJECT FROM THE PROCEEDS OF FUTURE BOND ISSUES, AND PROVIDING AN <br />EFFECTIVE DATE. <br />WHEREAS, Indian River County, Florida (the County) expects <br />to make certain expenditures in connection with the 26th Street <br />Water Main 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, THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY <br />COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA, that: <br />1. The County expects to make certain expenditures in <br />connection with the 26th .Street Water Main Project of <br />the County (the Project.) The County intends to <br />finance said expenditures by the issuance of one or <br />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 />$2,000,000. 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 />