01/26/1993 Special ) 93/48
MINUTES
OF THE MONROE COUNTY
BOARD OF COUNTY COMMISSIONERS
Special Meeting
Board of County Commissioners
Tuesday, January 26, 1993
Chapel - Stock Island
A Special Meeting of the Monroe County Board of County
Commissioners convened at 10: 30 a.m. Present and answering to
roll call were Commissioners Earl Cheal, Shirley Freeman,
Wilhelmina Harvey, Mary Kay Reich, and Mayor Jack London. Also
present were Danny Kolhage, Clerk; Randy Ludacer, County
Attorney; Tom Brown, County Administrator; County Staff; members
of the Press and Radio; and the general public.
COUNTY ADMINISTRATOR
Judson Freeman, Jr. , Bond Counsel, addressed the Board
concerning:
A Resolution amending the Card Sound bond resolution,
by changing the definition of "Cost of Operation and Maintenance"
and allowing the County one year to replenish the Business
Interruption Reserve Fund;
A Resolution amending the sale resolution, for the
refunding issue, by correcting a typographical error in the
maturity amount for the year 1994;
and, a Resolution amending the refunding bond
resolution, by returning control of the Cost of Issuance Fund to
the County.
Motion was made by Commissioner Harvey and seconded by
Commissioner Reich to approve the following items:
Adoption of the following Resolution amending
Resolution No. 004-1993 of the Board of County Commissioners of
Monroe County, Florida, entitled:
93/49
"A Resolution of the Board of County Commissioners of
Monroe County, Florida, authorizing the construction of
improvements to the Card Sound Road and Bridge facilities in
Monroe County, Florida; Providing for the issuance of not
exceeding $5, 000,000 Card Sound Road and Bridge Improvement
Revenue Bonds, Series 1993, of the County to finance the cost
thereof; Providing for the payment of such bonds from the net
revenues and other funds described herein: Making certain
covenants and agreements in connection therewith; and providing
an effective date. " Duly adopted on January 13, 1993 , by making
certain technical changes regarding maintenance of the
facilities, and other changes necessary to obtain Municipal Bond
Insurance; and providing an effective date.
RESOLUTION NO. 048-1993
See Res. Book No. 113 which is incorporated herein by reference.
Adoption of the following Resolution amending
Resolution No. 003-1993 , of the Board of County Commissioners of
Monroe County, Florida, entitled:
"A Resolution fixing the date, maturity schedule,
interest rates, interest payment dates, redemption provisions and
'y 1 bond registrar, paying agent, escrow holder and custodial trustee
with respect to $1, 185.00 Refunding Improvement Revenue Bonds,
Series 1993 , of Monroe County, Florida; awarding the bonds at
negotiated sale to the purchaser; approving the form and
dissemination of the Official Statement for the bonds; approving
the form of escrow deposit agreement; canceling authorization for
the issuance of the balance of the bonds; authorizing all other
necessary action in connection with the issuance of the bonds;
and providing an effective date. " Duly adopted on January 13,
1993 , by correcting a typographical error in the Bond Maturity
Schedule; and providing an effective date. "
RESOLUTION NO. 049-1993
See Res. Book No. 113 which is incorporated herein by reference.
Adoption of the following Resolution amending a
Resolution, 002-1993, of the Board of County Commissioners of
Monroe County, Florida, entitled:
"A Resolution providing for the advance refunding of
the Outstanding Refunding Improvement Revenue Bonds, Series 1983,
of Monroe County, Florida; Authorizing the issuance of not
exceeding $2,500, 000 Refunding Improvement Revenue Bonds, Series
1993, to finance the cost thereof; providing for the payment of
such bonds from the Racetrack funds and Jai Alai fronton funds
accruing annually to Monroe County, Florida, and distributed to
the Board of County Commissioners; containing certain covenants
93/50
and agreements in connection therewith; and providing an
effective date. " Duly adopted on January 13 , 1993, by returning
custody of the cost of issuance fund to the County; and providing
an effective date.
RESOLUTION NO. 050-1993
See Res. Book No. 113 which is incorporated herein by reference.
Roll call vote was unanimous.
There being no further business, the meeting was
adjourned.
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