9/5/1995 - Laserfiche WebLink

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Boa 95 P,�u 983 ON MOTION by Commissioner Eggert, SECONDED by Commissioner Bird, the Board unanimously, by a 4-0 vote (Chairman Macht being absent), adopted Resolution 95-100 establishing its intent to reimburse certain expenditures in connection with the Gifford WWTP Expansion to 2 MGD -Phase III Project from the proceeds of future bond issues. RESOLUTION NO. 95- 100 ---°A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS OF XKDIAN RIVER COUNTY, FLORIDA, ESTABLISHING ITS INTENT TO REIMBURSE CERTAIN EXPENDITURES IN CONNECTION WITH THE GIFFORD WWTP E%PANSIOA TO Z MGD -PHASE III PROJECT' 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 Gifford WWTP Expansion to 2 MGD -Phase III Project of the County; and WHPJZKAS, the County intends to reimburse itself for said expenditures from the proceeds of future bond issues; NOW, THEREFORE, BE IT RESOLVED BY TBE BOARD OF COUNTY COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA, that: 1. The County expects to make certain expenditures in connection with the Gifford WWTP Expansion to 2 MGD - Phase III 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 expected to be used for said reimbursement is $5,500,000. Said expenditures include, without limitation expenditures for the acquisition, SEPTEMBER 5, 1995 13