Resolution 002-1999
FILED FOR RECORD
99 APR ..:. 9 AM fa: 07
DANr*iiY L. r\OLHAGE
elK. CfR. CT
HOt~ROE COU~lTY. -FLA.
INDUSTRIAL DEVELOPMENT AUTHORITY
RESOLUTION NO. 002. 1999
A RESOLUTION OF THE MONROE COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY
ESTABLISHING A FEE STRUCTURE FOR THE ISSUANCE OF INDUSTRIAL DEVELOPMENT
BONDS.
BE IT RESOLVED BY THE GOVERNING BOARD OF THE MONROE COUNTY INDUSTRIAL
DEVELOPMENT AUTHORITY:
Section 1.)
The Industrial Development Authority hereby establishes the following fee
schedule for the issuance of industrial revenue bonds:
a.) A one-time $5,000 non-refundable application fee due before an
application for the issuance of industrial revenue bonds may be accepted by the Authority;
b.) A fee equal to one-half of one percent of the face value of the industrial
revenue bonds due from the bond proceeds upon the initial sale of the bonds.
Section 2.)
Trle fees set forth above do not apply to any industrial revenue bond issue
whose application was pending before the Authority on or before January 1, 1999.
PASSED AND ADOPTED by the Governing Board of the Monroe County Industrial
Development Authority at a regular meeting held on thelOthday of March
Commissioner Harvey yes
Commissioner Freeman yes
Commissioner Neugent yes
Commissioner Reich yes
Commissioner Williams yes
, 1999.
GOVERNING BOARD OF THE
MONROE COUNTY INDUSTRIAL
DEVELOPMENT AUTHORITY
By'
By /11 ~I ~/;?eud
VICE-ehairman
pres/mcida .doc