HomeMy WebLinkAbout1995-093RESOLUTION NO. 95-93
A RESOLUTION OF THE BOARD OF THE COUNTY COMMISSIONERS
OF INDIAN RIVER COUNTY, FLORIDA, ESTABLISHING ITS INTENT TO
REIMBURSE CERTAIN EXPENDITURES IN CONNECTION WITH THE NORT
COUNTY WASTEWATER TREATMENT PLANT EXPANSION PROJECT
FROM THE PROCEEDS OF FUTURE BOND ISSUES, AND PROVIDINS
AN EFFECTIVE DATE.
WHEREAS, Indian River County, Florida (the county) expects
to make certain expenditures in connection with the North County
wastewater Treatment Plant Expansion Project of the County; and
WHEREAS, the County intends to reimburse itself for said
expenditures from the proceeds of future bond issues;
NOW, THEREFORE, BE IT RESOLVED BY THB BOARD OF COUNTY
COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA, that:
1. The County expects to make certain expenditures in
connection with the North County Wastewater Treatment
Plant Expansion Project of the County (the Project.)
The County intends to finance said expenditures by the
issuance of one or more future bond issues. Some or
all of said expenditures are expected to be paid prior
to the issuance of said future bond issues. Therefore,
said expenditures will be paid from the Utility
Operating Fund, the Utility Impact Fee Fund, and the
Utility Special Assessment Project Fund of the County.
The County intends to reimburse said funds for said
expenditures out of the proceeds of said future bond
issues expected to be used for said reimbursement is
$5,500,000.00. Said expenditures include, without
limitation expenditures for the acquisition,
construction, furnishing and equipping the Project; for
reports, studies, and projections in connection with
the Project; and for other items directly related to
the Project.
RSSOIATIom NO. 95- 93
,
Y
2. This resolution shall constitute a "Declaration of
Offical Intent" within the meaning of Section 1.103-18
of the federal income tax regulations.
3. The Clerk of the Board of County Commissioners is
hereby directed to make a copy of this resolution
available for public inspection during regular business
hours of the Office of the Clerk in the County
Administration Building, beginning no later than 30
days following the adoption of this resolution and to
keep the same available for public inspection at such
place and during such hours until the date upon which
the bond issues herein mentioned are issued and
delivered by the County. This resolution was moved for
adoption by Commissioner Eggert , and the motion
was seconded by Commissioner Adams , and,
upon being put to a vote, the vote was as follows:
Chairman Kenneth R. Macht Aye
Vice Chairman Fran B. Adams Aye
Commissioner Richard N. Bird Aye
Commissioner Carolyn K. Eggert Aye
Commissioner John Tippin Aye
The Chairman thereupon declared the resolution duly passed
and adopted this 8 day of August , 1995.
BOARD OF COUNTY COMMISSIONERS
E' ..... INDIAN RIVER COUNTY, FLORIDA
e
Attest:
,
yTe "�°�C..,Bar�to�n erk Ke neth R. lacht, Chairman
"PR VED FOR AGENDA:
BY _ td Ji5-6
4cTiNG T.W JAMES E. CHANDLER
COUNTY ADMINISTRATOR
.,mom
WIN"
��r