Laserfiche WebLink
the State of Florida or of any other political subdivision thereof <br />will be pledged to the payment of the principal, premiums (if any), <br />interest, or costs due pursuant to or under such Bonds; and <br />(K) Based on the determination of the County's bond counsel, <br />the Project is reasonably designed and intended to provide solid <br />waste disposal facilities for the processing of citrus waste <br />byproducts into animal feed within the meaning of the rules and <br />regulations of the Internal Revenue Service, and the Project or the <br />Company's principal place of business will be within the boundaries <br />of the County; and <br />(L) The issuance of the Bonds and the financing of the Pro- <br />ject will otherwise comply with all of the provisions of the Act. <br />SECTION 3. APPROVAL OF MEMORANDUM OF AGREEMENT. In order to <br />assure the location of and to induce the Company to locate the <br />Project in the boundaries of the County, with the resulting public <br />benefits which flow therefrom, and to more effectively serve the <br />purposes of the Act, the proposed Memorandum of Agreement to be <br />made between the County and the Company, in the form and with the <br />contents presented at and filed with the Minutes of this meeting, <br />be and the same is hereby approved. <br />SECTION 4. AUTHORIZATION OF EXECUTION AND DELIVERY OF MEMO- <br />RANDUM OF AGREEMENT. The Chairman or the Vice -Chairman of the <br />County is hereby authorized and directed to execute the Memorandum <br />of Agreement -in the name of and on behalf of the County, and the <br />Clerk of the County is hereby authorized and directed to attest the <br />same and to affix thereto the official seal of the County, and the <br />Chairman or Vice -Chairman is hereby authorized to deliver the <br />Memorandum of Agreement to the Company. Such officers and all <br />other officers and employees of the County are hereby authorized to <br />execute and deliver such further agreements, instruments and <br />documents and to take such further action as may be necessary and <br />desirable to effectuate and carry out the intent and purposes of <br />59 <br />April 22, 1997 <br />00 �-1 PACE <br />