Resolution 045-2014RESOLUTION NO. 045 - 2014
A RESOLUTION OF THE BOARD OF COUNTY
COMMISSIONERS OF MONROE COUNTY, FLORIDA
AMENDING RESOLUTION NO. 424 -2007 IN ORDER
TO MODIFY THE DESCRIPTION OF THE SERIES
2007 PROJECT; AND PROVIDING AN EFFECTIVE
DATE.
WHEREAS, pursuant to Resolution No. 077 -2003, adopted by the Board of County
Commissioners (the 'Board ") of Monroe County, Florida (the "County ") on February 19, 2003,
as amended and supplemented (collectively, the "Bond Resolution "), particularly by Resolution
No. 424 -2007 adopted by the Board on November 14, 2007 (the "2007 Resolution "), the County
issued its Monroe County, Florida Infrastructure Sales Surtax Revenue Bonds, Series
2007 (the "Series 2007 Bonds ") for the principal purpose of financing the costs of various
capital improvements set forth in Exhibit A to the 2007 Resolution, which capital
improvements were defined as the "Series 2007 Project" therein; and
WHEREAS, there remains certain unspent proceeds of the Series 2007 Bonds and
investment proceeds thereof (the "Remaining 2007 Bond Proceeds "); and
WHEREAS, the Issuer deems it desirable and in its best interests to amend the
description of the Series 2007 Project to include additional capital improvements that
may be paid for with the Remaining 2007 Bond Proceeds; and
WHEREAS, such amendment shall have no material adverse affect on the
security provided in the Resolution for the Series 2007 Bonds or any other outstanding
Bonds (as defined in the Bond Resolution);
BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF
MONROE COUNTY, FLORIDA:
Section 1. Authority for this Supplemental Resolution.
This Supplemental Resolution is adopted pursuant to the provisions
of the Bond Resolution and the Act (as defined in the Bond
Resolution).
Section 2. Amendment to Series 2007 Project Description.
The description of the Series 2007 Project provided in Exhibit A to
the 2007 Resolution is hereby amended to include those additional
capital improvements set forth in Exhibit A attached hereto.
Section 3. Resolution to Continue in Force.
Except as herein expressly provided, the Bond Resolution and the
2007 Resolution, and all terms and provisions thereof, including the
covenants contained therein, are and shall remain in full force and
effect.
Section 4. Effective Date.
This Supplemental Resolution shall become effective immediately
upon its adoption.
PASSED AND ADOPTED by the Board of County Commissioners of Monroe
County, Florida, at a regular meeting of said Board held on the 19 day of February,
2014.
Mayor Sylvia Murphy Yes
Mayor Pro Tern Danny Kolhage Yes
Commissioner Heather Carruthers Yes
Commissioner David Rice Yes
Commissioner George Neugent Yes
BOARD OF COUNTY COMMISSIONERS
OF MONROE COUNTY, FLORIDA
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MONROE COUNTY ATTORNEY
�APPROVED AS TO FORM:
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CHRISTINE M. LIMBERT- BARROWS
ASSISTANT OUNTY ATTORNEY
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MONROE COUNTY ATTORNEY
�APPROVED AS TO FORM:
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CHRISTINE M. LIMBERT- BARROWS
ASSISTANT OUNTY ATTORNEY
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EXHIBIT A
Capital Improvements to be Added to the Series 2007 Project
• Countywide emergency communications system
• Freeman Justice Center Lobby Expansion
• Detention Center Chillers
• Sheriff Administration Building Roof
A -1