HomeMy WebLinkAbout1993-066RESOLUTION NO. 93 - 66
A RESOLUTION OF THE BOARD OF COUNTY
COMMISSIONERS OF INDIAN RIVER COUNTY,
FLORIDA ESTABLISHING ITS INTENT TO REIMBURSE
CERTAIN EXPENDITURES IN CONNECTION WITH
THE PHASE II WATER MAIN EXTENSION PROJECT
FROM THE PROCEEDS OF FUTURE BOND ISSUES;
AND PROVIDING AN EFFECTIVE DATE.
WHEREAS, Indian River County, Florida (the "County") expects to make certain
expenditures in connection with the Phase II Water Main Extension 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 Phase
II Water Main Extension 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 reimbursements is $1,661,273. 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.
2. This Resolution shall constitute a "Declaration of Official Intent" within the
meaning 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 at the Office of the Clerk in the County Administration Building beginning
no later than thirty (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 mention are issued and delivered by the County.
This Resolution shall take effect immediately upon its adoption.
Commissioner Kenneth R. Macht Ave
The Chairman thereupon declared the Resolution duly passed and adopted this 16th
day of March . 1993.
c,
(SEAL)
-
Attest:
Jeff rey-K artob, Clerk
APPROVED AS TO FORM AND
LEGAL SUFFICIENCY
a.-Qx _
Charles P. Vitunac
County Attorney
BOARD OF COUNTY COMMISSIONERS
INDIAN RIVER COUNTY, FLORIDA
Richard N. Bird, Chairman
In/�n Wry Ce rAp�rovod I Data �l
Admin.
Legal
Budget 3^
DODI -�
184 M91.