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1983-071
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1983-071
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Last modified
3/28/2023 3:12:28 PM
Creation date
3/28/2023 3:12:04 PM
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Resolutions
Resolution Number
1983-071
Approved Date
09/07/1983
Subject
Authorizing a Letter of Intent & Inducement to Hutchinson Utilities Inc.
to the issuance by the County of Industrial Development Revenue Bonds to finance
the cost of sewage treatment facilities of such corp in the County
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r <br />Issuer may be able to promote the economic growth of the State of <br />Florida, increase opportunities for gainful employment and other- <br />wise contribute to the welfare of such State and its inhabitants; <br />and to finance the cost of such projects and related facilities, <br />by the issuance of its revenue bonds. <br />B. Hutchinson Utilities, Inc., a Florida corporation <br />(the "Borrower"), wishes to acquire, r)�nstruct and equip pollu- <br />tion control facilities consisting of a sewage treatment plant <br />(the "Project") within the corporate territorial limits of the <br />Issuer, and to have the Issuer issue its revenue bonds to finance <br />the Project; and the Borrower has requested that the Issuer <br />further indicate to the Borrower its intentions in this respect, <br />in order to further induce the Borrower to proceed with the <br />Project and incur expenses for its financing. <br />C. The location of the Project in the area of the <br />Issuer shall mage a significant contribution to the economic <br />growth of, the Issuer, shall provide gainful employment and shall <br />serve a public purpose by advancing the economic prosperity and <br />the general welfare of the State of Florida and its people. <br />D. The Issuer is able to cope satisfactorily with the <br />impact of the Project, and all the necessary public facilities, <br />utilities and services that will be necessary for the construc- <br />tion, operation, repair and maintenance of the Project and on <br />account of any increase in population or ether circumstances <br />OP41 <br />
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