HomeMy WebLinkAbout2001-109 RESOLUTION NO.2001-109
A RESOLUTION OF THE BOARD OF COUNTY
COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA
ESTABLISHING ITS INTENT TO REIMBURSE CERTAIN
PROJECT COSTS INCURRED WITH PROCEEDS OF FUTURE
TAX-EXEMPT FINANCING; PROVIDING CERTAIN OTHER
MATTERS IN CONNECTION THEREWITH; AND PROVIDING
AN EFFECTIVE DATE.
WHEREAS, the Board of County Commissioners of Indian River County, Florida (the
"Issuer")has determined that the need exists to acquire certain environmentally sensitive lands and
related facilities as part of the Issuer's ongoing environmental lands protection program;
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY
COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA THAT:
SECTION 1. AUTHORITY. This Resolution (hereinafter called the "Resolution") is
adopted pursuant to the provisions of the Florida Constitution, Chapter 125, Florida Statutes, and
other applicable provisions of law.
SECTION 2. DECLARATION OF INTENT. The Issuer hereby expresses its intention to
be reimbursed from proceeds of a future tax-exempt financing for the acquisition of certain
environmentally sensitive lands and related facilities as part of the Issuer's ongoing environmental
lands protection program (the "Project"). Pending reimbursement, the Issuer expects to use funds
on deposit in its general funds to pay costs of the Project. It is not reasonably expected that the total
amount of debt to be incurred by the Issuer to reimburse itself for expenditures paid with respect to
the Project will exceed $11,000,000. This Resolution is intended to constitute a "declaration of
official intent" within the meaning of Section 1.150-2 of the Income Tax Regulations.
SECTION 3. SEVERABILITY. If any one or more of the provisions of this Resolution shall
for any reason be held illegal or invalid, such illegality or invalidity shall not affect any other
provision of this Resolution, but this Resolution shall be construed and enforced as if such illegal
or invalid provision had not been contained therein.
SECTION 4. REPEALING CLAUSE. All resolutions or orders and parts thereof in conflict
herewith to the extent of such conflicts, are hereby superseded and repealed.
SECTION 5. EFFECTIVE DATE. This resolution shall take effect immediately upon its
adoption.
PASSED AND ADOPTED the 23-day of 0(-t- , 2001.
BOARD OF COUNTY COMMISSIONERS
INDIAN RIVER COUNTY, FLORIDA
(SEAL)
t
By:
CHAIRMAN
ATTEST: Caroline D."6i of
County Clerk
Approved as to form:
Special County Attorney