1995-160 - Laserfiche WebLink

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RESOLUTION NO. A RESOLUTION OF THE BOARD OF COUNTY COXXXSBIONERS OF IWDIAN RIVER COUNTY, FLORIDA, ESTABLISHING ITS INTENT TO REIMBURSE CERTAIN EXPENDITURES IN CONNECTION WITH THE C.R. 510 FORCE MAIN FROM THE BEACH AREA TO U.B. HIGHWAY ONE FROM THE PROCEEDS OF FUTURE BOND ISSUES, AND PROVIDING AN EFFECTIVE DATE. WHEREAS, Indian River County, Florida (the County) expects to make certain expenditures in connection with the C.R. 510 Force Main from the Beach Area to U.S. Highway One Project of the County; and, WHEREAS, the County intends to reimburse itself for said expenditures from the proceeds of future bond issues; NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA, that: 1. The County expects to make certain expenditures in connection with the C.R. 510 Force Main from the Beach Area to U.S. Highway One Project of the County (the Project). The County intends to finance said expenditures by the issuance of one or more future bond issues. Some or all of said expenditures are expected to be paid prior to the issuance of said future bond issues. Therefore, said expenditures will be paid from the Utility Operating Fund, the Utility Impact Fee Fund, and the Utility Special Assessment Project Fund of the County. The County intends to reimburse said funds for said expenditures out of the proceeds of said future bond issues. The maximum principal amount of said future bond issues expected to be used for said reimbursement is $1,000,000. Said expenditures include without limitation expenditures for the acquisition, construction, furnishing, and equipping the Project; for reports, studies, and projections in connection with the Project; for engineering, surveying, and legal work in connection with the Project; and for other items directly related to the Project.