Laserfiche WebLink
Box 2 <br />RESOLUTION NO. 95-159 <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 South County Wastewater Treatment <br />Plant Expansion to 2 MGD Project of the County (the <br />Project). The County intends to finance said <br />expenditures by the issuance of one or more future bond <br />issues. Some or all of said expenditures are expected <br />to be paid prior to the issuance of said future bond <br />issues. Therefore, said expenditures will be paid from <br />the Utility Operating Fund, the Utility Impact Fee <br />Fund, and the Utility Special Assessment Project Fund <br />of the County. The County intends to reimburse said <br />funds for said expenditures out of the proceeds of said <br />future bond issues. The maximum principal amount of <br />said future bond issues expected to be used for said <br />reimbursement is $6,500,000. Said expenditures include <br />without 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 />22 <br />December 19, 1995 <br />