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RESOLUTION NO. 4S- 158 <br />A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS OF <br />INDIAN RIVER COUNTY, FLORIDA, ESTABLISHING ITS INTENT <br />TO REIMBURSE CERTAIN EXPENDITURES IN CONNECTION WITH <br />THE CENTRAL WASTEWATER TREATMENT PLANT EXPANSION TO 2 <br />MOD FROM THE PROCEEDS OF FUTURE BOND IBSUES, AND <br />PROVIDING AN EFFECTIVE DATE. <br />WHEREAS, Indian River County, Florida (the County) expects <br />to make certain expenditures in connection with the Central <br />Wastewater Treatment Plant Expansion to 2 MGD Project of the <br />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 Central Wastewater Treatment Plant <br />Expansion to 2 MGD Project of the County (the Project). <br />The County intends to finance said expenditures by the <br />issuance of one or more future bond issues. Some or <br />all of said expenditures are expected to be paid prior <br />to the issuance of said future bond issues. Therefore, <br />said expenditures will be paid from the Utility <br />operating Fund, the Utility Impact Fee Fund, and the <br />Utility Special Assessment Project Fund of the County. <br />The County intends to reimburse said funds for said <br />expenditures out of the proceeds of said future bond <br />issues. The maximum principal amount of said future <br />bond issues expected to be used for said reimbursement <br />is $5,500,000. Said expenditures include without <br />limitation expenditures for the acquisition, <br />construction, furnishing, and equipping the Project; <br />for reports, studies, and projections in connection <br />with the Project; for engineering, surveying, and legal <br />work in connection with the Project; and for other <br />items directly related to the Project. <br />