HomeMy WebLinkAbout1988-0254/19/88.1(Reso)LEGAL(Vk)TP/EW
RESOLUTION NO. 88-25
A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS
OF INDIAN RIVER COUNTY, FLORIDA, TO THE
FARMERS HOME ADMINISTRATION RELATING TO COUNTY
SEWER FACILITIES IN GIFFORD.
WHEREAS, Indian River County has determined a need for
County sewer facilities; and
WHEREAS, the Board of County Commissioners has employed
engineers to prepare a Master Plan for the development of
sewer facilities; and
WHEREAS, the United States government, through the
Farmers Home Administration, has loan moneys available for
financing sewer facilities; and
WHEREAS, Indian River County desires to make an
application for a loan or grant from the Farmers Home
Administration;
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY
COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA, that the
Commission Chairman is authorized to request, prepare, and
execute all necessary Farmers Home Administration documents
and forward same to the FmHA on behalf of the Board.
The foregoing resolution was offered by Commissioner
Eggert who moved its adoption. The motion was
-------------
seconded by Commissioner Bowman ---- and, upon being put
to a vote, the vote was as follows:
Chairman Don C. Scurlock, Jr. Aye
Vice -Chairman Gary C. Wheeler Aye
Commissioner Richard N. Bird Aye
Commissioner Margaret C. Bowman Aye
Commissioner Carolyn K. Eggert Aye
The Chairman thereupon declared the resolution duly
passed and adopted this 19th— day of April, 1988.
BOARD OF COUNTY COMMISSIONERS
INDIAN RIVER COUNTY, FLORIDA
By _ i
Attest Don4 Sc rlock, — —
Chairman
Freda rT'gFi T— rK -----
Approved —Date
Admin e�S i� X19
Legal E U Z/ -
Budget
Dept.
UNITED STATES DEPARTMENT OF AGRICULTURE
Form FHA 442-46 FARMERS HOME ADMINISTRATION
(Rev. 1-9-69)
LETTER OF INTENT TO MEET CONDITIONS
Date June 17, 1988
TO: Farmers Home Administration
United States Department of Agriculture
5601 Corporate Way
Suite 400
_Leat _ -Palm Beach. FL 33407
(County Office Address)
We have reviewed and understand the conditions set forth in your letter dated June 17, 1988
It is our intent to meet all of them not later than 120 days
o U.S.OPO:19794666�01011663
INDIAN RIVER COUNTY BOARD OF
COUNTY COMMISSIONERS
(Name of Association)
BY c
Don C. Scurlock, Jr.
Chairman
Bnard_of_CnnntW rnmmiSsiongrg
Indian River County, Florida (Title)
APPROVED AS TO FORM
AND LEGAL SUFFICIENCY:
Charles P. Vilunac
County Attorney
FHA 442-46 (Rev. 1-9-69)
•®
• USDA-FmHA
Form FmHA 19401 REQUEST FOR OBLIGATION OF FUNL_
( Rev. 2.86)
e z
s iiiS1P#�t."1`I+Qt IYP1fNCAII.rC,Afklxp�fr�b�YlIf+x+stw�ltilC�t�;tl.l,,(�t;
:iilliE:ICfI'71^►fk4�IbIMflMMsl!11Y�tlt}:11f#�11fN!....;.,..::`
�:...5.;.. .. .:r
1. CASE NO.
ffit%YfEAss. r
St Co Borrower's ID
0 9 0 3 1 0 0 0 1 2 0 0 4 7 7
ONlre ti€1�`',; ' {l�tra� lintYi ,:
3. NO. NAME FIELDS
2. BORROWER NAME
I N D IIIA N R I V E R B D 10,Fl 1 (1)
2 (1, 2, ora from Item 2)
4. STATE NAME
C O U N T Y C O M M I Isis I O N S 1 1(2)
F L O R Y D A
5. COUNTY NAME
-A 111111111 111 111, 1 (3)
I N D I I I I V E R
A I Ny�p
/ f
lKSRp�}}s�j��gy tt ��yy}9�q y ya�g
qR
„
f �67tAJH1YR/l4 R ��►{1S ..�' .
5. RACE/ETHNIC CLASSIFICATION
. .
7. SEX CODE 1 = Male 4 - Organization. Male Owned
2 = Female 5 = Organization Female Owned
1 - White 2 = Black 3 - AVAN 4= Hispanic 5 = A/PI
fi 3 = Family Unit 6 = Public Body
8. MARITAL STATUS
9. VETERAN CODE
10. CREDIT REPORT
11. DIRECT PAYMENT
1 - Married 3 = Unmarried
1 = County Office 3 = No
2 = Separated
11= Yes 2 = No
21 1 = Yes 2 = No
3 2 = F Inance Office
12. TYPE OF PAYMENT
13. FEE INSPECTION
14. INTEREST CREDIT
15. COMMUNITY SIZE
1 = Monthly 3 = Semiannual
1 = yes
1 = 10,000 or less (SF11 & AIFH
2 2 =Annually 4 = Quarterly
2 1 -yes 2 = No
(SPH & MEll Only)
12=N.
Only)
2 =Over 10,000
i
^
lCO: P� ETE FOR-:7Gu
s�
014 0T.. �� ,
16. TYPE OF ASSISTANCE
17. PURPOSE CODE
YPE OF FUNDS
Gueran tool no Interest Rate Buydown
Insured
(�2
Guaranteed - with Interest Rate Buydownaranteed
Interest Rate Buydown Only
19. PERCENT OF LOAN
19A. TERM OF INTEREST
20. TYPE OF ACTION -
GUARANTEED
RATE BUYDOWN
(Complete 1/)fent IB
1 = Obligation Only
2 _ Obligation/Check Request
Equals 1, 3 or 9i
1 = 1 Year 2 = 2 Years 3 = 3 Years
3 = Correction of Obligation
21. TYPE OF SUBMISSION
22. AMOUNT OF LOAN
23. AMOUNT OF GRANT
1 Initial (Enter Code. 2 If subsequent loan associated
$
S
21 2= Subsequent reith Credit Sale or Assumption)
41 51 3 01 01000,01
0 0 0 1.
24. AMOUNT OF IMMEDIATE 25. DATE OF APPROVAL
28. INTEREST RATE 27. REPAYMENT TERMS
$ ADVANCE
MO OA YR
1000101 - -
713,7.5. 0 (%) 1Nn. of Yaare)
COMPLETE FOR $INQIX
FAMILY HOUSING ONLY
28. INCOME CATEGORY CODES
29. LOW INCOME LIMIT -MAX.
20. ADJUSTED FAMILY
1 - Very Low 3 = Moderate
$
S INCOME
2= Low 4= Above Moderate
90101
0 0 0
31. R. E. INSURANCE
32. R. E. TAXES - 1st YEAR
33. R. E. TAXES - 2nd YEAR
34. NOTE INSTALLMENT
$
$
$
$ INELIGIBLE
00101
1.00101
00101
Ji00
35. TYPE OF UNIT
36. DWELLING CODE
1 = Farm Tract
1 - Build 3 = Purchase Old 5 = Repair 7 Refinance Repair
2 -Non Farm Tract
2 Purchase Now 4 = Refinance 6 - Purchase Old Repair
-(COMPLETE FOR COMMUNITY
PROGRAM ANT)
CERTAIN MULTIPLE -FAMILY MOUSING LOANS
37 TYPE OF APPLICANT
38. PROFIT TYPE
1 = Individual 3 Corporation 5 = Assn. of Farmers 7 = Other
2 Partnership 4 = Public Body 6 - Organ. of Farm Workers
i Full Profit 2 Limited Profit 3 Non -Profit
:..: _ �COftiii'LETlE ICOR NSONLY
°COMPLETE FOR CREpiT SALE/ASSUMPTIONS ONLY
39. DISASTER DESIGNATION NUMBER
40. TYPE OF SALE
1 • Credit Sale Only 3 Credit Sale/Subsoquent Loan
(See /'All)
2 - Assumption Only 4 Assumption/Subsequent Loan
ORIGINAL - Borrower's Case Folder
Position 2
N
FmHA 19401 (Rev. 2-86)
C
CERTIFICATION APPROVAL.,, .
41.- COMMENTS AND REQUIREMENTS OF CERTIFYING OFFICIAL -- -
.Approval of financial assistance is suk)JOct to the teras of the Letter of
Conditims dated July 2, 1985 and the Amend e& Lettsra Rf Candit"s dates
- Mtnr"Gr 4, 1995 and• Jtute 11, 1968.
42. 1 HEREBY CERTIFY that I am unable to obtain sufficient credit elsewhere to finance my actual needs at reasonable
rates and terms, taking into consideration prevailing private and cooperative rates and terns inor nekr my community
for loans for similar purposes and periods of time. I agree to use, subject to and in accordance with regylations appli-
cable to the type of assistance indicated above, and request payment of the sum specified herein. 1 agree to report to
FmHA any material adverse changes, financial or otherwise, that occur prior to loan closing. 1`�Ft y that no part of
said sum has been received. I have reviewed the loan approval requirements and comments -associated with-thi loan
request and agree to comply with these'provisions. — - - - •�
(For SFH & FP loans at eligible terms only) If this loan is approved, 1, elect.the interest rate to be charged on my FmHA
loan to be the lower of the interest rate in effect at the time of loan approval or loan closing. If 1 'Check "No",'- tile
interest rate charged on my loan will be the rate specified in Item 26 of this form. YES NO
WARNING: Section 1001 of Title 18, United States Code provides: "Whoever, in any matter Within the Jurisdiction of any
department or agency of the United States knowingly and willfully falsifies, con or covers up ... a material
fact or makes any false, fictitious or fraudulent ststarrantt or representation$, or makes'or uses any false writing
or document knowing the same to contain any false, fictitious or fraudulent statement or entry, shall be fined
not more than $10,000 or imprisoned not more thpri' 8 years, or both."
ZNDI11Di-0 tJt:TY 1'J0 OF COt4lZ88IONS
Date 19 v
T ;1
APPROVED AS TO FORM Don C. Scurlock, Jr., +Snarure of Appllcanr)
Date AND LEGA SUFFICIENCY:
UF ICIENCY: Chair'maii)
(Signature of o -Applicant)
Charles P. Vitunac
43. I HEREBY CERT1FYQbambV BAIMIS inittee and administrative determinations and certifications required by
Farmers Home Administration regulations prerequisite to providing assistance of the type indicated above have been
made and that evidence thereof is in the docket, and that all requirements of pertinent regulations have been complied
with. I hereby approve the above,. -described assistance in the amount•set forth above, and by this document, subject to
the availabflity of funds, tite Government agrees to advance such amount to, tile applicant for the purposes of atid--
subject to conditions prescribed by Fanners Home Administration regulations applicable to this type of assistance.
L. JAMSiSCIIRRRY, JR.(Signature of Approving Ojficial)
Date Approved: Title: State Director
.44, TO THE APPLICANT: As of this date , this is notice that your application.for the above
financial assistance from the Farmers Home Administration has been approved, as indicated above, subject to avail•
ability of funds and other conditions required by the Farrpers Horge Administration. If you have any, questions contact
the County Supervisor.
FmHA 1940-1
(REVERSE)
v
•
s®
o•
USDA -Fm HA
Form FmHA 442-7
(Rev. 8-12-76)
Name Indian River Board of
Count rs
Applicant Fisca Year
From 10-1 To 9-30
OPERATING INCCME
1. Gifford and
1(1)
2 North County
1 "92A233
3. South County
1,8121891
4. Vista Royale
582,162
5. Miscellaneous
6. Less: Allowances and
Deductions
7. Total Operatingg Income
(Add Lines 1 tivough 6)
OPERATING EXPENSES
8. Gifford and
9. North County
3,587,286
417,263
10. South County
11.Vista Royale
12.
13.
14.
15. Interest (FrnHA)
16. Depreciation
17. Total Operating Expense
(Add Lutes 8 through 16)
18. NET OPERATING INCOME
(LOSS) (Line 7 less 17)
NONOPERATING INCOME
19.
20.
685j117
196,306
2 227 246
' '
21. Total Nonoperating Income
(Add 19 and 20)
22. NET INCOME (LOSS)
(Add Lines 18 and 21)
Position 3
(GIrFORD SEWER) Schedule 1
OPERATING BUDGET Combined County Water
and Wastewater System
2145 14th Ave., Vero Beach
County State (Including ZIP Code)
Indian River Florida 32960
1 1 First Full Year 1991
(3) (4) (5)
1,192,233
1,812,891
582,162
500,000
800,000
2,468,460
(transfer to line A Schedule 1 1,360,040 I 1,118, 826
1,192,233
1,812.891
600
2,668,210
IL 919,076
•®®
Budget and Projected Cash Flow Approved by Governing Body
�C, to Attest:----
APPRUr.0 TC F'. �Secrerary Date
pl`!D L SU FICIE.NCY: , �o ,
G �� -�
Charles P. V1lunac AroprtateOjJlctal Date
County A1101ney
e•
•41
Schedule 2
PunIRrTFn req" FI nW
A. Line 22 from Schedule 1 Income (loss)
Add
B. Items in Operations not Requiring Cash:
1. Depreciation (line 16 Schedule 1)
2. Others:
C. Cash Provided From:
1. Proceeds from FmHA loan/grant
2. Proceeds from others
3. Increase (Decrease) in Accounts Payable, Accruals
and other Current Liabilities
4. Decrease (Increase) in Accounts Receivable, Inventories
and Other Current Assets (Exclude Caahl
5. Other:
6.
D. Total all A, B and C Items
E. Leas: Cash Expended for:
!—All Construction, Equipment and New Capital Items
(loan and Grant funds)
2. Replacement and Additions to Existing Property,
Plant and Equipment
3. Pr°ncipal Payment FmHA Loan
4. Principal Payment Other Loans
5. Other:
6. Total E I through 5
Add
F. Beginning Cash Balances
G. Ending Cash Balances (Total of D Minus E 6 Plus F)
Item G Cash Balances Composed of:
Construction Account
Revenue Account
Debt Payment Account
O&M Account
Reserve Account
Funded Depreciation Account
Others:
Total - Agrees with Item G
a
1989
19 90
19
19
First
Full Year(
1360040
1118826
919076
9650000
�nnn0
—tee
11070040
1118826
919076
9710000
101000
106000
200471
9811000
106000
1259040
22271866t718605
248158
200471
X
X*
21259040
$747186
1
30S 6751
400000
800000
300000
111854
223708
111854
$1259_0440
12271866
$ 718605
* No beginning cash balances shown in ordf>.r to reflect a true operating year.
0--� 0'--
Il)
e
+ted Sta Farmers 5601 Corporate Way
»� Home P '
%, A �Yt�lwre r','' Ad:ninisuation Suite 400
"N West Palm B.tacMiji"Irt_ If()N3t9AY
���- J
�`�=i ,., �•� �; June 17, 1988Cornrnl,AttPrnee
, ^,;,y°�.,n� `�;,� ArJrr.i•Ilrs;rut�C� K�,„ ✓.`_
44
eCl le�p NEiC Works
fikl� Conlr,lunity D
Mr. Lion C. Scurlock, Jr.
Chairman
Indian Rive- Board of. County ConuA:_;si.oners Cther
1510 ;--)tli Street - -
Voro Beach, rlor .•la .51.960
Re: Bent Pirac Utility Scw x System
(G'i_fford Wastowai.(_-r Tr,provements)
$150,000 Loan Itcqu.ac
Dear Mr. :;cur. loc lc:
Enclused is an Nnendod Letter. o1 Conditi(_•ns, Letter of ':r.Lc :t to Meet
Conditions, Operating Budget and a Request for Obli.gatic.at of Funds
L,r }:. reynesi:el ;arid.it.ionot .loan of $450,000 from the Farmers Nome
A6m:in.i.earaCi.on WmIIA) , f� r the purchase of t:hc Cent hint Utility Sewer
System and its sobs quent conn^_ctioaa to the Gifford v-tsi:e%•7ater Treat-
ment Plant.
-ar3 Letter of Conr'itions should he reviewed - and if 1(,CeptEJAC, Forms
FmHA 442-46, "Letter of Intent to Meet Conditions," .m,+", 442-7,
"Opnr;OAng L'udgc:t" and PmIIA 111+10-1, "Rc Iucst for Obl ic;i+t _on of Fund:;,"
..hould be e%ucu`e•d :and ret.Lrried to the PridiA West Pala roach District
Off.i
Should furth-_t ,assistance or infurmati.on b_ necrded, please advise.
,Sincerely,
/CMAs-iz,I B. [IttP.NEL,..
Disa ri.,t Director
r _�U' /,�1 Ftfrmers 4orco Aornirnsira+•on is an Equal Oppoi luny v 1 ender
A m r1U,� Cum;Namis of d scnminahon 51uuld to Fent to
uocrctary ul Agnculluro W.Wunglon. U C 23:150
United States
Department of
Agriculture
Farmers 5601 Corporate Way
Home Suite 400
Administration
West Palm Beach, Florida
June 17, 1988
Mr. Don C. Scurlock, Jr.
Chairman
Indian River Board of County Commissioners
1840 25th Street
Vero Beach, Florida 32960
Re: Bent Pine Utility Sewer System
(Gifford Wastewater Improvements)
Dear Mr. Scurlock:
33407
This letter amends the previously issued "Letter of Conditions" dated
July 2, 1985 and "Amended Letter of Conditions" dated November 4, 1985,
as follows:
1. The loan amount is to be increased to $9,650,000 from
$9,200,000.
2. The number of sewer users required will increase from
3518 to 3666.
3. Annual audits will be prepared in accordance with OMB
Circular A-128, in lieu of FmHA booklet "FMHA Instructions
to Independent Certified Public Accountants and Licensed
Public Accounts."
4. Fidelity bond coverage will be required in an amount at
least equal to the maximum amount of money that the County
will have on hand at any one time, exclusive of loan funds
deposited in a supervised bank account. This provision is
directed only to the combined Water and Sewer System.
5. Under section 504 of the Rehabilitation Act of 1973, as
amended (29 U.S.C. 794), no handicapped individual in the
United States shall, solely by reason of their handicap,
be excluded from participation in, be denied the benefits
of, or be subjected to discrimination under any program or
activity receiving FmHA financial assistance.
r—u Farmers Home Administration is an Equal Opportunity lender.
r nn n n Complaints of discrimination should be sent
Secretary of Agnculare. Washington. D.0 20250
Mr. Don C. Scurlock, Jr., Chairman
Page two -
If the County decides to accept FmHA services subject to the above
amended conditions, please execute the enclosed Form FmHA 442-46,
"Letter of Intent to Meet Conditions", Form FmHA 442-7, "Operating
Budget" and Form FmHA 1940-1, "Request for Obligation of Funds", in
order for FmHA to proceed to take the necessary steps to process the
loan.
Sincerely,
HARLES UD CLL
District Director
i
Enclosures
+4w W:"fa