2008-090 - Laserfiche WebLink

Home Browse Search

B . Palm Beach County hereby represents, determines and agrees as follows : 1 . The 2008 Projects located within Palm Beach County are appropriate to the needs and circumstances of, and shall make a significant contribution to the economic growth of Palm Beach County; shall provide or preserve gainful employment ; and shall serve a public purpose by advancing the economic prosperity, the public health, or the general welfare of the State of Florida and its people. 2 . The Borrower is financially responsible and fully capable and willing to fulfill its obligations under the financing agreement, including the obligations to make payments in the amounts and at the times required, to operate, repair, and maintain at its own expense the 2008 Projects, and to serve the purposes of Part II , Chapter 159, Florida Statutes and such other responsibilities as may be imposed under the financing agreement. 3 . Palm Beach County will be able to cope satisfactorily with the impact of the 2008 Projects located in Palm Beach County and will be able to provide, or cause to be provided when needed, the public facilities, including utilities and public services, that will be necessary for the construction, operation, repair, and maintenance of the 2008 Projects and on account of any increases in population or other circumstances resulting therefrom . 4 . Adequate provision will be made in the financing agreements for the operation, repair, and maintenance of the 2008 Projects at the expense of the Borrower and for the payment of principal of and interest on the Bonds . C . Indian River County hereby represents, determines and agrees as follows : 1 . The 2008 Projects located within Indian River County are appropriate to the needs and circumstances of, and shall make a significant contribution to the economic growth of Indian River County; shall provide or preserve gainful employment; and shall serve a public purpose by advancing the economic prosperity, the public health, or the general welfare of the State of Florida and its people, 2 . Indian River County will be able to cope satisfactorily with the impact of the 2008 Projects located in Indian River County and will be able to provide, or cause to be provided when needed, the public facilities, including utilities and public services, that will be necessary for the construction, operation, repair, and maintenance of such 2008 Projects and on account of any increases in population or other circumstances resulting therefrom . The foregoing findings do not represent an agreement by Indian River County with respect to any zoning or land use requirements, including compliance with the Comprehensive Plan, but are made in accordance with the requirements of Chapter 159, Florida Statutes. SECTION 3 . No Pecuniary Liability of Indian River County: Limited Obligation of Palm Beach County. Neither the provisions, covenants or agreements contained in 3 JACK_804035.3