3/28/2019 2:29:53 PM
2/27/2019 10:53:28 AM
Force Main Project
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RESOLUTION NO. 95- 99 <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 SEA OARS FORCE MAIN PROJECT <br />FROM THE PROCEEDS OF FUTUREBOND 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 Sea Oaks <br />Force 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 Sea Oaks Force Main Project of the <br />County (the Project.) The County intends to finance <br />said expenditures by the issuance of one or more future <br />bond issues. Some or all of said expenditures are <br />expected to be paid prior to the issuance of said <br />future bond issues. Therefore, said expenditures will <br />be paid from the Utility Operating Fund, the Utility <br />Impact Fee Fund, and the Utility Special Assessment <br />Project Fund of the County. The County intends to <br />reimburse said funds for said expenditures out of the <br />proceeds of said future bond issues expected to be used <br />for said reimbursement is $1,000,000. Said <br />expenditures include, without limitation expenditures <br />for the acquisition, construction, furnishing and <br />equipping the Project; for reports, studies, and <br />projections in connection with the Project; and for <br />other items directly related to the Project. <br />
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