HomeMy WebLinkAbout1993-149
RESOLUTION NO. 93- 149
A RESOLUTION OF THE BOARD OF COUNTY
COMMISSIONERS OF INDIAN RIVER COUNTY,
FLORIDA, ESTABLISHING ITS INTENT TO
REIMBURSE CERTAIN EXPENDITURES FOR THE
ACQUISITION OF ENVIRONMENTALLY SIGNIFI-
CANT LAND WITH THE PROCEEDS OF BORROW-
ING TO BE MADE IN THE FUTURE.
WHEREAS, the electorate of Indian River County have voted in
favor of the issuance of general obligations bonds in an aggregate
principal amount not to exceed $26,000,000.00 for the purpose of
financing the cost of acquiring environmentally significant land to
protect water quality, open spaces and wildlife habitat in the County;
and
WHEREAS, certain expenditures are contemplated to be paid from
the general revenue fund of the County prior to the issuance of the
bonds; and
WHEREAS, the County intends to reimburse the general fund for
those expenditures with the proceeds of the bond sale,
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF
COUNTY COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA
that:
1. Indian River County will make certain expenditures looking
toward the acquisition of environmentally significant lands. Said
expenditures shall include without limitation expenditures for the
direct costs of acquisition of environmentally significant lands, for
fees, expenses and costs of environmental experts, consultation and
advisors, for real estate appraiser and for other items directly related
to lands acquired or considered for acquisition. Said expenditures
will occur prior to the issuance of the general obligation bonds.
These expenditures, therefore, will perforce be provided by the
general fund.
2. The County intends to reimburse the general fund for said
expenditures with a portion of the proceeds of the bond sale referred
to herein.
3. This resolution shall constitute a "Declaration of Official
Intent" within the meaning of Section 1.103-18 of the Income Tax
Regulations.
:'
Board of County Commissioners is hereby
of this Resolution available for public
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, at the office of the Clerk
ill the County Administration Building, beginning no later than thirty
(30) days following the adoption of this Resolution, and to keep the
saDie available for public inspection at such place and during such
houra until the date upon which the bonds herein mentioned are
issued and delivered by the County.
The resolution was moved to adoption by Commissioner
Eggez::t . and the motion was seconded by Commissioner
I:ipp:iD , and, upon being put to a vote, the vote was as
follows:
Chairman Richard N. Bird
Aye
Vice Chairman John W. Tippin
Aye
Commissioner Carolyn K. Eggert
Aye
Commissioner Fran B. Adams
Aye
Commissioner Kenneth R. Macht
Aye
The Chairman thereupon declared the resolution duly passed and
adopted this 24th.day of August , 1993.
i itiit<ttccs
tf ` 00[t4/ BOARD OF COUNTY COMMISSIONERS
Atedtf , eev0; ` „ INDIAN RIVER COUNTY, FLORIDA
iLo
JeeP, F I`' Bpi oWj"C erk By Richard N. Bird
Chairman
Iniva Cn 49ioved Date
Admin
Legal i-1'►''/
Budget
Dept.
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