Resolution 095-2013RESOLUTION NO. 095 _ 2013
A RESOLUTION OF THE BOARD OF COUNTY
COMMISSIONERS OF MONROE COUNTY, FLORIDA,
RELATING TO THE STATE REVOLVING FUND LOAN
PROGRAM; MAKING FINDINGS; AUTHORIZING THE
LOAN APPLICATION; AUTHORIZING THE LOAN
AGREEMENT; ESTABLISHING PLEDGED REVENUES;
DESIGNATING AUTHORIZED REPRESENTATIVES;
PROVIDING ASSURANCE; PROVIDING FOR CONFLICTS,
SEVERABILITY, AND EFFECTIVE DATE.
WHEREAS, Florida Statutes provide for loans to local government agencies to finance
the construction of water pollution control facilities; and
WHEREAS, Florida Administrative Code rules require authorization to apply for loans,
to establish pledged revenues; to designate an authorized representative; to provide assurances of
compliance with loan program requirements; and to enter into a loan agreement; and
WHEREAS, the State Revolving Fund loan priority list designates Project No. WW
44071 as eligible for available funding; and
WHEREAS, Monroe County, Florida, intends to enter into a loan agreement with the
Department of Environmental Protection under the State Revolving Fund for financing of the
Cudjoe Regional Wastewater System project;
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY
COMMISSIONERS OF MONROE COUNTY, FLORIDA:
SECTION I. The foregoing findings are incorporated herein by reference and made a
part hereof.
SECTION 2. Monroe County, Florida is authorized to apply for a loan to finance the
Cudjoe Regional Wastewater System project.
SECTION 3. As security for the loan, Monroe County, Florida shall pledge and grant a
lien on the wastewater system development special assessment revenue
and the One Cent Infrastructure Sales Surtax revenues; provided, however,
the pledge of and lien on the One Cent Infrastructure Sales Surtax shall be
junior and subordinate in all respects to the pledge of and lien on such
Sales Surtax granted for the benefit of the holders of the Bonds heretofore
and hereafter issued pursuant to Resolution No. 077 -2003, as amended and
supplemented.
SECTION 4. The County Administrator is hereby designated as the authorized
representative to provide the assurances and commitments required by the
loan application.
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SECTION 5. The County Administrator is hereby designated as the authorized
representative to execute the loan agreement which will become a binding
obligation in accordance with its terms when signed by both parties. The
County Administrator is authorized to represent the County in carrying out
the County's responsibilities under the loan agreement. The County
Administrator is authorized to delegate responsibility to appropriate
County staff to carryout technical, financial, and administrative activities
associated with the loan agreement.
SECTION 6. The legal authority for borrowing moneys to construct the Cudjoe
Regional Wastewater System project is Section 153.03, Florida Statutes
and Chapter 125, Florida Statutes.
SECTION 7. Conflicts All Resolutions, or parts of Resolutions, in conflict with any of
the provisions of this Resolution are hereby repealed.
SECTION 8. Severability If any Section or portion of a Section of this Resolution
proves to be invalid, unlawful, or unconstitutional, it shall not be held to
invalidate or impair the validity, force or effect of any other Section or
part of this Resolution.
SECTION 9. Effective Date This Resolution shall become effective immediately upon
its passage and adoption.
PASSED AND ADOPTED by the Board of County
Commissioners - f Monte
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County, Florida at a regular meeting of said Board held on the 20` day of March2,9
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Mayor George Neugent
Yes
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Mayor Pro Tem Heather Carruthers
Yes -
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Commissioner Danny Kolhage
Yes =- � Pu
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Commissioner David Rice
Yes ` .
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Commissioner Sylvia Murphy
Yes
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(SEAL)
77
ATTEST: AMY HEAVILIN, CLERK BOARD OF COUNTY COMMISSIONERS
OF MONROE COUNTY, FLORIDA
By:
Deputy Clerk By: AO A
ayor
MOMOE C
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