Resolution 403-1990
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RESOLUTION NO. 403-1990
RESOLUTION OF THE BOARD OF COUNTY
COMMISSIONERS OF MONROE COUNTY, FLORIDA
RELATIVE TO APPROVAL OF THE ISSUANCE OF
HOSPITAL FACILITIES REVENUE BONDS BY THE CITY
OF LAYTON, FLORIDA FOR THE PURPOSE OF
EXERCISING THE CITY'S RIGHT TO PURCHASE
MARINERS HOSPITAL, TAVERNIER, FLORIDA;
APPROVING THE EXECUTION AND DELIVERY OF AN
INltERLOCAL AGREEMENT BETWEEN THE COUNTY AND
THE CITY PERMITTING THE EXPENDITURE OF THE
b:JP~CEEDS OF THE BONDS TO FINANCE THE
<;A,~UISITION OF THE HOSPITAL AND THE COST OF
CERTAIN CAPITAL IMPROVEMENTS THERETO, SUCH
HOSPITAL AND IMPROVEMENTS LOCATED OR TO BE
LOCATED IN THE UNINCORPORATED AREA OF MONROE
COUNTY, FLORIDA; PROVIDING FOR CERTAIN OTHER
MATTERS IN CONNECTION WITH THE EXECUTION AND
DELIVERY OF THE INTERLOCAL AGREEMENT; AND
PROVIDING AN EFFECTIVE DATE FOR THIS
RESOLUTION.
WHEREAS, Keys Hospital Foundation, Inc. (Florida)
("Foundation") has heretofore issued $2,750,000 of First Mortgage
Hospital Revenue Bonds (Mariners Hospital Project) Series 1980 (the
"Series 1980 Bonds") on behalf of the City of Layton, Florida, a
Florida municipal corporation (the "City") pursuant to an Indenture
of Mortgage and Deed of Trust (the "Series 1980 Indenture"), dated
as of June 1, 1980 between the Foundation and Barnett Banks Trust
Company, N.A., formerly Metropolitan Bank and Trust Company, for
the principal purpose of providing sufficient funds to pay the
costs of acquisition of a 42-bed acute care hospital located in
Tavernier, Monroe County, Florida (the "County") and the costs of
certain capital improvements thereto (such hospital, including the
land and all facilities located thereon, is hereinafter referred
to as the "Hospital Facility"); and
WHEREAS, the City has determined that it is necessary and in
the public interest for the City and the County to exercise its
option to purchase the Hospital Facility from the Foundation in
accordance with Articles VII and VIII of the Series 1980 Indenture
and to issue revenue bonds of the City for such purpose; and
WHEREAS, in order to obtain funds to exercise its option to
purchase the Hospital Facility and to pay for the acquisition and
construction of additional capital improvements to the Hospital
Facility (collectively, the "Project"), the City has made a
preliminary determination that it is necessary that the City issue
its revenue bonds to be known as the "City of Layton, Florida
Hospital Facilities Revenue Bonds, Series 1990 (Mariners Hospital
Project)" (hereinafter called the "Series 1990 Bonds"); and
WHEREAS, the City has determined that the public interest will
be best served and the purposes of the Act of providing adequate
medical care and health facilities in the City of Layton, Florida
and in Monroe County, Florida, needed for the welfare and benefit
of the citizens thereof, can be more advantageously obtained by the
City'S leasing the Hospital Facility to Keys Hospital, Inc. d/b/a
Mariners Hospital, a Florida nonprofit corporation (the "Hospital")
pursuant to a Lease, to be dated as of the dated date of the Series
1990 Bonds between the City and the Hospital (the "Lease"), which
Lease shall provide for the payment of rent by the Hospital to the
City which in no event shall be less than the amount required to
operate and maintain the Hospital Facility, to pay the principal
of, premium, if any, and interest on the Series 1990 Bonds and to
pay all other amounts due under the Lease; and
WHEREAS, the ci ty has submi tted to the County for
consideration a form of Interlocal Agreement approved by the City
by resolution of the City adopted on July 13, 1990, which, when
executed, will permit the City to apply the proceeds of the Series
1990 Bonds to finance the cost of acquisition and construction of
the proj ect, a copy of which Interlocal Agreement is attached
hereto as Exhibit A; and
WHEREAS, it is deemed desirable by both the City and the
County that prior to or upon the issuance of the Series 1990 Bonds
the City and the County enter into an Interlocal Agreement, as
provided for and under the authority of Part I, Chapter 163,
Florida Statutes (the "Interlocal Act"), in order to assist the
City in the issuance of the Series 1990 Bonds and the application
of the proceeds thereof to finance the cost of a "health care
facility" (as defined in the Act) located in the unincorporated
area of the County; and
WHEREAS, nei ther the City, Monroe County or the State of
Florida or any political subdivision or agency thereof shall in any
way be obligated to pay the principal, premium, if any, or interest
on the Bonds as the same shall become due (except, in the case of
the City, solely from revenues derived under the Lease), and the
issuance of the Bonds shall not directly, indirectly, or
contingently obligate the City, Monroe County, the State of
Florida, or any political subdivision or agency thereof to levy or
pledge any form of taxation whatsoever therefor or to make any
appropriation from ad valorem taxation revenues for their payment;
and
WHEREAS, in order to satisfy the requirements of section
147(f) of the Internal Revenue Code of 1986, as amended, the Board
of County Commissioners held a public hearing on the date hereof
concerning the proposed issuance of the Series 1990 Bonds and the
use of the proceeds therefrom to acquire and construct the Project
pursuant to the Interlocal Agreement, which date is more than 14
days following the first publication of notice of such public
hearing in a newspaper of general circulation in Monroe County,
Florida (a true and accurate copy of the proof of publication of
such notice is attached hereto as Exhibit B), which public hearing
was conducted in a manner that provided a reasonable opportunity
for persons with differing views to be heard on both the issuance
of such Bonds, the location and nature of the Project and the
acquisition and construction thereof by the City.
IT IS, THEREFORE, DETERMINED AND RESOLVED BY THE BOARD OF
COUNTY COMMISSIONERS OF MONROE COUNTY, FLORIDA, THAT:
SECTION 1. The acquisition, construction and equipping of
the proj ect and the financing thereof by the City through the
issuance of its Series 1990 Bonds pursuant to the Act, and the use
of a portion of the proceeds thereof to acquire the Hospital
Facility and to acquire and pay for the cost of construction of the
remainder of the Project and the lease of the Hospital Facility to
the Hospital pursuant to the Lease and the Interlocal Agreement,
will promote the health and welfare of the citizens of Monroe
County, will help to continue to provide the residents of Monroe
County with health care facilities and services and will thereby
serve the public purposes of the Act and is hereby approved.
SECTION 2. The Project will help to improve living
conditions and health care, it will foster the economic growth and
development and the business development of Monroe County, and it
will serve other predominantly public purposes as set forth in the
Act. The Project is desirable and will further the public purposes
of the Act, and it will most effectively serve the purposes of the
Act and the Interlocal Act for the City to acquire and finance the
project and to issue and sell its Series 1990 Bonds for such
purpose. The proj ect is appropriate to the needs and circumstances
of, and shall make a contribution to the economic growth of Monroe
County; and shall provide or preserve gainful employment; shall
help protect the prosperity, the public health, or the general
welfare of the State and its people as stated in Section 159.26,
Florida Statutes.
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SECTION 3. The County will be able to cope satisfactorily
with the impact of the Project and will be able to provide, or
cause to be provided when needed, the pUblic facilities, including
utilities and public services, that will be necessary for the
construction, repair and operation of the Project and on account
of any increases in population or other circumstances resulting
therefrom. Notwithstanding any provision apparently to the
contrary contained herein, the County will not incur any obligation
(financial or otherwise) to provide such public facilities,
utilities and services by virtue of this Resolution.
SECTION 4. The City has determined that adequate provision
has been made in the Lease for the operation, repair and
maintenance of the Project at the expense of the Hospital and for
the payment by the Hospital of rent in installments sufficient to
pay the principal of and the interest on the Series 1990 Bonds and
all costs and expenses relating thereto in the amounts and at the
times required.
SECTION 5. Based on the criteria established by the Act,
the City has determined that the Hospital is financially
responsible and fully capable and willing to fulfill its
obligations under the Lease, including the obligation to pay rent
in such installments and such amounts and at such times as
required, the obligation to operate, repair and maintain the
Project at the Hospital'S own expense and such other obligations
and responsibilities as are imposed under the Lease.
SECTION 6. Prior to or contemporaneously with the issuance
of the Series 1990 Bonds by the City, the Chairman or Vice-Chairman
and the Clerk or any Deputy Clerk of the Board are hereby
authorized and directed to execute, for and on behalf of the
County, an Interlocal Agreement substantially in the form attached
hereto as Exhibit A between the County and the City in order to
permit the use of the Series 1990 Bond proceeds for the principal
purpose of financing the cost of acquisition, construction and
equipping of the Project.
SECTION 7. The Series 1990 Bonds and the interest thereon
shall not constitute an indebtedness or pledge of the general
credit or taxing power of Monroe County, the State of Florida or
any political subdivision or agency thereof but shall be payable
solely from the revenues pledged therefor pursuant to the Lease.
SECTION 8. The several members, officials, attorneys or
other employees or agents of the County are hereby authorized and
directed to do all the acts and things required of them by the
provisions of this resolution to the end that full and complete and
performance of all of the terms, covenants and agreements of this
Resolution shall be effected.
SECTION 9. The approval given herein shall not be
construed as an approval of any necessary rezoning applications nor
for any other regulatory permits relating to the Project and the
County shall not be construed by reason of its adoption of this
resolution to have waived or to be estopped from asserting any
rights or responsibilities it may have in that regard.
SECTION 10. All resolutions or parts thereof in conflict
with the provisions herein contained are, to the extent of such
conflict, hereby superseded.
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SECTION 11.
This Resolution shall take effect immediately.
ADOPTED this 3ffl day of 4"'JIi$t , 1990.
(SEAL)
MONROE CO~Y, FWRIDA
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Chairman,~nty
Commissioners
ATTEST: DANNY L. KOLHAGE, Clerk
APPRovEDAS 70 FORM
AND LEGAL SUFFICIENCY.. . (\
BY ~0J.A..l ~-,~~
Attorney's OHice
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INTERLOCAL AGREEMENT
BETWEEN THE CITY OF LAYTON, FLORIDA AND
MONROE COUNTY, FLORIDA
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WHEREAS, the City of Layton, Florida, is a Florida municipal
corporation (the "City") under Chapter 166, Florida statutes, and
a "public agency" and a "local agency" under the laws of the state
of Florida including, particularly, Chapter 159, Part II, Florida
statutes and Chapter 163, Part I, Florida statutes; and
WHEREAS, the City has determined to exercise its option to
acquire Mariners Hospital, a 42-bed acute care hospital located in
Tavernier, Monroe County, Florida and to make certain capi tal
improvements thereto (collectively, the "Project"); and
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WHEREAS, the City has authorized and approved the issuance of
its Hospital Facilities Revenue Bonds (Mariners Hospital Project),
Series 1990, dated August 31, 1990 (the "Bonds"), pursuant to the
authority of Chapter 159, Part II, Florida Statutes (the "Act"),
for the principal purpose of financing the cost of the Project; and
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WHEREAS, the Bonds shall be secured solely by a pledge of
revenues described in the Trust Indenture dated as of August 1,
1990 between the City and First Union National Bank of Florida (the
"Trustee") (including any amendments and supplements thereto, the
"Indenture"), and the payment of the principal of and premium, if
any, and interest on the Bonds as the same shall become due shall
be made solely from rent payments made by Keys Hospital, Inc. d/b/a
Mariners Hospital, a Florida nonprofit corporation (the "Hospital")
pursuant to that certain Lease Agreement dated as of August 1, 1990
between the City and the Hospital (including any amendments and
supplements thereto, the "Lease"); and
WHEREAS, it is deemed desirable by both the City and Monroe
County, Florida, a political subdivision of the State of Florida
(the "County") that the City and the County enter into this
Interlocal Agreement, as provided for and under the authority of
Part I, Chapter 163, Florida Statutes, in accordance with the prior
determination of the members of the City Council of the City and
the Board of County Commissioners of the County, in order to assist
the City in the financing of the Project as more fully described
in the Indenture and the Lease; and
WHEREAS, the City and County have determined that the
financing of the acquisition and construction of the Project with
proceeds of the Bonds pursuant to the terms of the Indenture and
the Lease will assist in the development and maintenance of the
public health of the residents of Monroe County and the City, and
shall serve a public purpose by improving the health and living
conditions, and providing adequate medical care and health care
facilities therein and will promote the most efficient and
economical development of health care facilities in a manner and
pursuant to forms of governmental organization that will accord
EXHIBIT "A"
best with the geographic, economic, and population characteristics
which influence the health care needs of Monroe County, the City
and the respective inhabitants thereof; and
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WHEREAS, neither the City, Monroe County or the state of
Florida or any political subdivision or agency thereof shall in any
way be obligated to pay the principal, premium, if any, or interest
on the Bonds as the same shall become due (except, in the case of
the City, solely from amounts derived under and pursuant to the
Lease), and the issuance of the Bonds shall not directly,
indirectly, or contingently obligate the City, .Monroe County, the
state of Florida, or any political subdivision or agency thereof
to levy or pledge any form of taxation whatsoever therefor or to
make any appropriation from ad valorem taxation revenues for their
payment.
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NOW, THEREFORE, THIS INTERLOCAL AGREEMENT, BETWEEN THE CITY
OF LAYTON, FLORIDA AND MONROE COUNTY, FLORIDA, WITNESSETH AS
FOLLOWS:
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SECTION 1. The City shall apply the proceeds of the Bonds
for the principal purpose of paying for the cost of financing the
acquisition, construction and equipping of the Project as
contemplated by the Indenture and the Lease and the funds shall be
repaid solely from rent payments made by the Hospital pursuant to
the terms of the Indenture and Lease and the funds shall be duly
expended for their stated purpose.
SECTION 2. At all times prior to and during the term of
this Interlocal Agreement the City and the county constitute
"public agencies" as that term is defined in Section 163.02(3) (b),
Florida Statutes, and both the City and the County have in common
the power and authority to issue revenue bonds under the Act in
order to provide financing for the acquisition, operation and
maintenance of health care facilities and to refinance debt
incurred for such purpose; such power and authority as each might
exercise separately.
SECTION 3. The City and County are entering into this
Interlocal Agreement in order to more effectively perform their
service function related to the provision of adequate health care
facilities and services pursuant to the powers granted under
section 163.01, Florida Statutes, as amended.
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SECTION 4. This Interlocal Agreement shall in no way be
interpreted to authorize the delegation of the constitutional or
statutory duties of the City of Layton, Monroe County, the state
of Florida or any political subdivision or agency thereof or any
officers of any political subdivision or agency thereof.
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SECTION 5. Nei ther this Interlocal Agreement nor the Bonds
shall be deemed to constitute a general debt, liability, or
obligation of or a pledge of the faith and credit of the city,
Monroe County, the State of Florida, or any political subdivision
or agency thereof. The issue of the Bonds pursuant to this
Interlocal Agreement shall not directly, indirectly, or
contingently obligate the City, Monroe County, the State of
Florida, or any political subdivision or agency thereof to levy or
to pledge any form of taxation whatsoever therefore, or to make any
appropriation for their payment.
SECTION 6. Any official statement or other offering
document prepared in connection with the issuance of the Bonds
shall contain a statement in a conspicuous place, to the effect
that (a) the Bondholders shall have no recourse against the County
for (i) payment of the Bonds or any damages that may be suffered
by the bondholders as a result of such default or (ii) any other
breach under the indenture, the Lease or any other Bond financing
documents; and (b) by execution of the Interlocal Agreement, the
County does not represent to the Bondholders that the Bonds are
suitable investments for any Bondholder.
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SECTION 7. All fees and expenses incurred by the County
in connection with the review, execution and delivery of this
Interlocal Agreement, or otherwise with respect to the issuance of
the Bonds, shall be paid by the City from the proceeds of the sale
of the Bonds. The County shall not be liable for any damages which
may result from (a) any TEFRA hearings or approvals in accordance
with Section 147 (f) of the Internal Revenue Code of 1986, as
amended, (b) the failure of the City to pay the principal of or
interest on the Bonds, when due, or (c) any other breach under the
Indenture, the Lease or any other Bond financing documents. All
costs of collection and attorneys fees (including appellate fees
and costs) incurred by the County in enforcing its rights under
this Interlocal Agreement shall be paid by the City.
IN WITNESS WHEREOF, this Interlocal Agreement has been
executed by and on behalf of the City by its Mayor and the seal of
said City affixed hereto and attested by its Clerk, the County has
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r:aus\i!d thi,s Interlocal Agreement to be executed by its f4--an,
~tr 's~al affixed hereto, as attested by its Clerk.
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( SEAL)
ATTEST: ~1To ~~n
( SEAL)
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Clerk, Board of County
Commissioners
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CITY OF LAYTON, FLORIDA
By:
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Its Mayor
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MONROE COUNTY, FLORIDA
By:
~, Board of County
Commissioners
APPROVED AS TO FORM
ANDLEGALSUFAC~NC~
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NOTICE O. ,- ,C HEAfY- ~.
The Board ot County comm\s\' 'ars
ot Monroe County. FlorIda. wlll''-old a
public hearing on August 30. 1990.
at 5:00 p.m.. at Key~lony Beach fhe K
City Hall. Key C~each. Florida.' ey West Citizen
to consider adoptIon ot a resolution
approving the execution and delivery
of an Interloce\ Agreement with the
City ot Lay1on. Florida (the "City") lil
connection with the issuance by thp
City of not exceeding $3.300,000
original aggregate principal amount
ot its Hospital Facilities Revenue
Bonds, Series 1990 (Marine;s Hospi-
tal Project) (the "Series 1990
Bonds") and the use of the proceeds
thereot to tinance the acquisItion of a
42-bed acute care hospital located in
Tavernier. Monroe County, Florida,
operated as. Mariners Hospital and
the construction ot certain capital im-
provements thereto ~co\lective\y. the
"Project"). The Project will be leased mdersigned
to Keys Hospital. Inc. d/b/a Mariners
Hospital. a Florida not-for-protit cor-
poration (the "Hospital") pursuant to
the terms and provisions of a lease
agreement to be entered into be-
tween the City and the Hospital prior
to or contemporaneous with the isSU-
ance ot the Series 1990 Bonds (the
"Lease"). The Project is located at 50
High point Road. Tavernier. Florida.
The Series 1990 Bonds shall be pay-
able solely trom the revenues de-
rived by the City from rent payments
made by the Hospital pursuant to the
Lease. The Interlocal Agreemen.t will
permit the City to apply the Series
1990 Bond proceedS to finance the
acquisition and construction of the
Project. The series 1990 Bonds and
the interest thereon shall not consti-
tute an Indebtedness or plegde ot the
general credit or taxing power ot the
City ot Layton, Monreo County, the ~per in the
..... at Florida, or any political ,ub- issues of .......
d\VI8ton or agency thereat Issuance J ( Ovut
of .tha serl.. ,990 Bond' ..aU be ::> l C'- 0
subject to several conditions includ- 'Sa1. d Th l 1. 0
Ing satis1actOry documentation. the e Key W
.pprovol by coun,,'a, '0 t" ,ox-ex- ounty Fl - est Citizen is
..... statU. of the Intere" on t.e 5'- n -'. onda, and that he a newspaper publ!
rl.' ,990 Bond' .nd ,ocelpt 01 n.ce- sud ~tmroe Count t .-..popet has shed
.OIY epO,ovoI. W' ,'e financing 01 d class mail maue/' Florida, -=II day heretofOi
the Protect. The aiorement\onedll _o'pfor. a pe'Pl'od of onaet the Post, Off1.ceo fn(exeept Sat
_ sholl b. a public mestlng' r_ We
and att persons who may be inter- E- y of advertisemen year Mxt preceed- -, st,
_ wUl be giVen an oopo""nlty to eel any person f- t; an! affiant fu me the fir:
be he8Jd concerning the same. Writ- " rpose of secu'rm.1g11nthO! COl'pOl'at.t- ~di say. s tha1
_00"- may .,oobuub- 1$.....wu --sea
.. the -" at county commi-n- rt~ for ' 1'1
ers of Monroe Cpunty. Florida, efo ;)~,\';)~ _~. ~'.,' pub~c:at:
County Adminlstrator's Office. Public ~\
Service Building. Wing II. Stock 15- .\~ ~
land. Key West, Florida 33040. prior \1:.\.0,
to the hearing.
ALL PERSONS FOR OR AGAINST ,--
SAID APPROVAL CAN BE HEARD
AT SAID TIME AND PLACE. IF A
pERSON. DECIDES TO APPEAL /))
~~l\RgE~~IO~O~~vE g6"~~i. )re me this ---~ - ~
SIONERS WITH RESPECT TO \ -----, day of - - -
SUCH HEARING OR M.EETING, rr Public Conm' .. -- -.---,
.. .t:- lSSlon lNft.
(S)HE WILL NEEO TO I!N!lURE .....lre5 - -- - -- - -- - '
THAT A VER8ATllA RECORD OF ---
SUCH HEARING OR MEETING IS
MADE. WHICH' RECORD tN-
CLUDES THE TESTIMONY AND
EVIDENCE UPON WHICH THE AP-
PEAL IS BASED,
D~"'" Key West. Florida. thIs
A.uault199
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J\Jbl ishcd Daily
e County, Florida
33040
auth .
or1ty personal! .
h Y appeared
t says that he . ." . . . . . . . . .
15...... Retail ~~ e
lpaper published at ~ F. r of the Key
ey Nest' in M:mroe C
advertisement be _ () A ^. ounty, Florida.
. mg a ~..Cl4I.. ·
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EXHIBIT "B"
Page 1 of 3 Pages
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PRoor OF PUBLICA liON
THE FLORIDA KEYS KEYNOTER
Published Twice Weekly
MARATHON, MONROE COUNTY, FLORIDA
STATE OF FLORIDA
COUNTY OF MONROE
Before the underSigned authority personally appeared
Mary Lou Sollberger
who on oalh, says
thai he/she is
Financial Director
Of The FLORIDA KEYS KEYNOTER, a twice weekly newspaper published at Marathon, in
Notice of Public Hearing
Monroe County, Florida: that the attached copy of advertisement, being a
IN THE MATTER OF
Key Colony Beach City Hall, 8/30/90, meeting at 5:00 p.m., RE: ~~e
Mariners Hospital-Series 1990 Bonds-rnterlocal agreement with City of Layton,
Court, was published in said
newspaper in the issues of August 18, 1990
Affiant further says thaI the said FLORIDA KEYS KEYNOTER is a newspaper published at MARATHON, in said Monroe County.
Florida, and that the said newspaper has heretofore been continuously published in said Monroe County, Florida. twice each week (on
Wednesday and Saturday) and has been entered as second class mail matter atlhe post office in Marathon, in said Monroe County,
Florida, for a period of one year next preceding the first publication of the attached copy of advertisement; and affiant further says that
he/she has neither paid nor promised any person, firm, or corporation any discount, rebate, commission or refund for the purpose of
secunng thiS advertisement for publication in the said newspaper
(SEAL)
SWORN TO AND SUBSCRIBED BEFORE ME THIS ~~ ....-!
DAY OF ~ · ....L. A.D. 19 CJ 0
SY~~~--W~
NOTARV PU8t..IC STATE " F'l(IR~ -
MY CCllUSSIOl EXP. MY 17.1994
IOmED lIflU GUEML lIS. UICD.
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EXHIBIT liB"
Page 2 of 3 Pages
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p~oor OF PUBLICATIoN
STATE OF' FLORIDA
nUX I 1 9 7, 1 ^ V ERN r E R , r L. 3 30 70
COUNTY OF' MONROE
lip for-p t hI" II/Hip n:;j gllf'd
, who 011 oaLh. .";n,\'~: Ihat. hp i~ __
of TIIF: 11 EPOnTF:1l, a weekly n(>\l,'l';papC't' puhllshpd at Tnvender. Monroe COUIlt.y,
that t11l~ aHached copy of ndvertfsPIIIPIlL, hplllg a ____ l.EGAL NOTICE
auth,./'j tv P('/-~;nll;lll~' nppparrd ~NY \10LFF_
EDITOR AND PUBLISHER
Florida;
--------
IN TilE MATTER OF NOTICE OF PIlBI J..c HF~R{N
in the ' Court, was pUblished in
newspaper, ih the issues of 8/23/99
Affiant further says that thf> snJd nJ:;flOR
nf>wspaper published at Tavernier, in snld MOllro
Flortda, RhrJ that the l'Jaid newspnppr hns Iwrel:or
~ontinuously pUblished in the said Monron County
rneh week Con Thursday), Ilhd hAS been enterf'd ns
clnsR ITIAil ITIAtter at: the Post Orftep In Tnv("rn!C'
County of Monroe, tlorida, for n perIod of one y
preceding the ftrRt publicatIon of th~ attached
advertisement; and affiant further says that he'
paid nor promised any firm, person, or corporat
discount, rebate, conunission or refund for the
securing this said advertIsemeht for publicatio
Aaid newspaper.
NOTJCE OF PUBLIC HEARING
CRIBEO BEFORE ME THIS
AUGUST 90
OF A.D. .19_.
The Board of County Commissioners of Monroe County, Florida. will hold a
public hearing on August 30, 1990, at 5:00 P,M., at Key Colony Beach City Hall.
Key Colony Beach, Florida, to consider adoption of a resolution approving the
execution and delivery of an Interlocal A.ctreement with the Citv nO .....nn .",_"._
(the "City", in connection with the issuanoe by the Cit:t of 'l.'!,t. 'a=~
$3,300.000 original lQI'egaoo prineipal amount of its Hospital Facilities Ravenue
Bonds, Series 1990 (Mariners Hospital Project)(the "Seri.. J990 Bonds") and the
we of the proceeds thereof to finance the acqu;.mon of a 42-bed acute care hospital
located in Tavernier. Monroe County, Florida. operated asJlariben Hoepital and
the construction of certain capital Unpl'lrfe1mmts the!'ete (coDectively. tb&
"Project"). n. Project will be Ieued to Kaya HCMpItal, Joe. dIltI. Marioen
H~taJ, · Florida not-for-profit col')lOJ'ation (tb& "HospitaJ") ~ to the
001'1111 and provisions of .1.... ocreement to be entered Into be~ the City and
the Hospital prior to or eon~ with the '- of the Seriee J990
Bomls (the "Lease"). "", project is located at 60 Hip Point Road. TaYernier,
Florida. The Seriee 1990 Bonds ohaIJ be payabJe eolely from the ~ derivecl
by the City from rent payments mad. by the, Hospi~ t to the ~, 'Jbe
Interlocal Agreement will permit lb. City to llJIP!y '. 11190 Bond Pfoceeda
to finance the aequisition and conatruction of the . The Seriee 1990 Bonda
and the in&er.t thereon ohaIJ not CllII8timte an . ,or pIedp of the
ceneraJ c:redit or tuing po_ of tb& City of Lal'toll. Monroe Couaty, the State of
Florida, or an" po!itieallllbdivi.Jon or &pnl:y thereof. ~ of the ..... 1_
Bonds ohaIJ be IUbjeet to NftJ'aI ancIitiana iDdudJac ~ ...... _", '1Ga,
the &pprovaI by coan.I as to the tax-.-pt Itaiaa of the m.- on the Seria
J990 BoncIaand '-iptofn-.y &JIPI'OvU fortbe ~fllthe Project. n.
afONmelltioned ..... 8baD be . puIItic ~ ad aD per-. wbo Dl&1 be
intezestad will be etvea an CIJIIllIrbmIty to bell.nJ --.. tbe _. Wri...
COIIlIIleJIts ma,y 8Ieo be IUbmltl.J to the BOU'CI fll Comuy C'-'....,... fll Komw
County, F1arida. clo County ,A'-'llltl.lor', OfIae, PlIbIic 8enIIe 8ulJcIIIw. Wblr
II, 8toek Ja1aDd, Key Weat, Fbidaaaoco. Ilriortodae___.
ALL PERSONs JI'OR OR AGAINST lAID APPROVAL CAN DB IIBABD AT
SAID rom AND PLACE. IF A PIllION DBCma TO API'LU. ANY
DECISION IL\DB BY 11JB BOARD OJ' OOUN'IT oc-rw.lIDID8 WJTB
RESPECl' TO SUCH IIEARING OR 1IICI'I'mG. .. WILL IGIIID TO
ENSURE THAT A \'EBBATDlltIlCORD OJ' 8UCII B8AItINo OR MaTIfto
' IS MADE, WBICB REOOItD 1NCLU18 'J'BB'I'DI'DfoNy AND IMDBNcB
UPON WBlCBTD APP&\LIlBAIBD.
DATED at 1Ce,... PI..... tIIla JlItb ~ fll....... 19110.
DANNY L. mr "AGB
a.t.flltheClnait Caanad
.. om.io Clerk fll", 8aanl
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