HomeMy WebLinkAbout1995-158RESOLUTION NO. 4S- 158
A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS OF
INDIAN RIVER COUNTY, FLORIDA, ESTABLISHING ITS INTENT
TO REIMBURSE CERTAIN EXPENDITURES IN CONNECTION WITH
THE CENTRAL WASTEWATER TREATMENT PLANT EXPANSION TO 2
MOD FROM THE PROCEEDS OF FUTURE BOND IBSUES, AND
PROVIDING AN EFFECTIVE DATE.
WHEREAS, Indian River County, Florida (the County) expects
to make certain expenditures in connection with the Central
Wastewater Treatment Plant Expansion to 2 MGD 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 THE BOARD OF COUNTY
COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA, that:
1. The County expects to make certain expenditures in
connection with the Central Wastewater Treatment Plant
Expansion to 2 MGD 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. The maximum principal amount of said future
bond issues expected to be used for said reimbursement
is $5,500,000. 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; for engineering, surveying, and legal
work in connection with the Project; and for other
items directly related to the Project.
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2. This resolUt.ion shall constitute a "declaration of
Official Intent" within the weaning of Section 1.103-18
of the federal income tax regulations.
3. The Clerk of the Board of County Commissioners of the
County 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 shall take effect immediately upon its
adoption.
The resolution was moved for adoption by Commissioner
Eggert , and the motion was moved for seconded by
Commissioner Adams , and, upon being put to a vote,
the vote was as follows:
Chairman Kenneth R. Macht Aye
Vice Chairman Fran Adams Aye
Commissioner John W. Tippin Aye
Commissioner Carolyn Eggert Aye
Commissioner Richard Bird Aye
The Chairman thereupon declared the resolution duly passed
and adopted this 19 day of December 1995.
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BOARD COUNTY CO STSSIONERS
INDI RIVER C UN ORIDA
By
neth R. Macht, Chairman
I'd Hna G, 11