Resolution 156A-2003
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Marine Resources
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RESOLUTION NO. 156A- 2003
A RESOLUTION OF THE MONROE COUNTY BOARD OF
COMMISSIONERS AMENDING THE MEMORANDUM OF
UNDERSTANDING (ATTACHED) BETWEEN THE COUNTY
AND THE FLORIDA KEYS AQUEDUCT AUTHORITY (FKAA)
REGARDING THE PROVISION OF WASTEWATER SERVICES
IN THE LITTLE VENICE AREA OF MARATHON.
WHEREAS, the amendment to Contract SP527 provides funds to Monroe
County to assist in offsetting construction costs in Little Venice, Marathon; and
WHEREAS, the amendment requires a commitment from the County's sub-
grantee, FKAA, to complete the requirements of the revised Scope of Work for
Contract SP527, now, therefore,
BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS,
MONROE COUNTY, FLORIDA THAT THE FOLLOWING OCCUR:
Section 1. Add an additional point to the MOU between Monroe County and the
FKAA (Attached) under, "The Marathon Wastewater District" as follows:
6. The FKAA agrees to utilize funds made available to the County under an
amendment to its Agreement with the Florida Department of Environmental
Protection (FDEP - Agreement No. SP527) intended to offset the cost of
construction for Little Venice Wastewater Project in Marathon. The FKAA
acknowledges that this amount is limited to $150,000 and that the time frame
for committing these funds and providing an invoice to the County is no later
than June 12,2003. Invoices received from FKAA later than June 12,2003 will
not be honored and may not be reimbursed per the County's agreement with
FDEP. The FKAA agrees to comply with all terms, reporting requirements, and
invoicing procedures as may be set out in FDEP Agreement SP527 as amended.
REMAINDER OF PAGE LEFT INTENTIONALLY BLANK
Res SWMP FKAA MOU 030521
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Marine Resources
PASSED AND ADOPTED by the Board of County Commissioners,
Monroe County, Florida at a regular meeting of said Board held on the 21st day
of May. A.D., 2003.
Mayor Dixie Spehar Yes
Mayor Pro Tern Murray Nelson YP~
Commissioner George Neugent Yes
Commissioner Charles "Sonny" McCoy Yes
Commissioner David Rice Yes
BOARD OF COUNTY COMMISSIONERS
MONROE COUNTY, FLORIDA
BY: .vi:YO~~fp~~N
(SEAL)
ATTEST:
DANNY 1. KOLHAGE, CLERK
BY: J:l~ c. J2vSJ ~
DEPUTY CLERK
APPROVED AS TO FORM AND
LEGAL SUFFICIENCY
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Res SWMP FKAA MOU 030521
05/01/03 12:17 PM
Memorandum of Understanding
Between Monroe County and the floridaJ(eys Aqueduct Authority
This Memorandum of Understanding (MOU) is entered into between Monroe
County (County) and the florida Keys Aqueduct Authority (FKAA) under the
authority granted in Section 163.01, F.S..
PURPOSE
The purpose of this MOU is to establish the shared responsibilities between the
Monroe County Board of Commissioners (BOCC) and the florida Keys Aqueduct
Authority (FKAA) for the develo~~~t of a wastewater utility in the Keys.
BACKGROUND
On 15 April 1993, the Board of County Commissioners adopted its 2010
Comprehensive Plan as required. under Chapters 163 and 380 of the Florida
Statutes. After lengthy litigation through two separate administrative hearing
processes, the final adoption of the Monroe County 2010 Comprehensive Plan
(2010 Plan) occurred on 17 July 1997.
The 2010 Plan requires that the County complete a Sanitary Wastewater Master
Plan (SWMP) for the entire unincorporated area of Monroe County (Objective
901.4 and subordinate Policies). The 2010 Plan also.requires that the County
complete the development of a Wastewater Facilities Plan (MWFP) for the
Marathon area and implement it by seeing that recommended wastewater
facilities are constructed (Policy 101.2.13, Five-year Work Program).
The County has committed to completing planning phases for the SWMP and the
MWFP. However, the County is not ideally suited either institutionally or
procedurally to implement design and construction phases anticipated in either
planning effort. In this regard, the Florida Keys Aqueduct Authority (FKAA) is
uniquely authorized under the Laws of Florida (Chapter 76-441) to acquire,
operate, and maintain wastewater systems as defined in Section 3 (8) of the Law
and as specifically established in Section 9 (9) of the Law. The FKAA also has
most of the institutional and procedural mechanisms in place to provide
wastewater services for Monroe County. Some needed modifications to Chapter
76-441 were completed during the 1998 Legislative Session (HB4349 attached),
the most pertinent of which revised the CUITent bonding authority of the FKAA.
The County assisted in and supported the effort during the adoption of these
local bills.
Therefore, it is in the interest of the Board of County Commissioners to request
that the FKAA exercise its authority to purchase, finance" construct, and
otherwise acquire and to improve, extend, enlarge, and reconstruct a wastewater
collection, transmission, treatment, and disposal system or systems in the Florida
. Keys. Through the approval of this MOV, the two Boards have agreed to work
toward the complete development of a wastewater utility to be administered
through the FKAA.
AGREEMENT
Provision of Wastewater Services
1. The FKAA hereby agrees to exercise its authority to acquire, finance" operate,
and maintain wastewater colleCtion, transmission, treatment, and disposal
systems, in effect becoming the Wastewater Authority for the entire
unincorporated area of the Florida Keys; and
2. The BOCC acknowledges that the FKAA is currently prohibited in the use of
"water" money for the development of a wastewater system. The County
will work with the FKAA, the State, and the Federal government to establish"
seed money for the FKAA to develop the institutional and procedural
framework for such an Authority, to include the limited hiring of staff, the
acquisition of vehicles and office facilities, and provision for travel expenses.
3. The BOCC acknowledges that the FKAA will only establish one sewer district
currently, the Marathon Wastewater District, and that the establishment of
all subsequent districts (if any) will be dependent on the outcome of the
SWMP.
The Marathon Wastewater District
1. The FKAA, under its authority, agrees to immediately create a wastewater
district which includes the area from the east end of the Seven-mile Bridge
'to and, including all properties on Cocoplum Road, excluding the
incorporated area of Key Colony Beach, as established 'in the CUITent version
of the Marathon Wastewater Facilities PIan (MWFP). Should Key Colony
Beach wish to be included in the wastewater district at some later date, they
could request inclusion and the boundaries of the wastewater district could
be amended.
2. By adoption of accompanying Resolution 393- 1997 by a majority vote of the
BOCC, having duly noticed and advertised the adoption of this Resolution,
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the BOCC approves the. establishment of the Marathon Sewer District by the
FKAA pursuant to Section 9 (9) (b) of Chapter 76-441, Laws of 110rida.
3. The FKAA, under its authority, agrees to participate in the completion of the
MWFP, initiate design and contract documents, finance" and ultimately
constntct, own, operate, and manage the Marathon Wastewater Facilitv.
The County agrees to complete the development of the MWFP to the point ~f
finishing contract commitments with the linn of CH2MHi11 to develop the
Marathon Wastewater Facilities Plan for the purposes of including it in a
Request for Prioritization in the State's Revolving Fund program.
4. Pertinent to the process of completing the MWFP is the completion of plans
for phased construction of the Little Venice area (94th Street to Vaca Cut on
the Ocean side of U.S. 1). The MWFP CUlTently establishes this area as the
first phase of construction in 'flie Marathon Wastewater District. Funds for
completion of this area, as appropriated through Congress in the first
session of the 105th Congress, will be available late in 1998. With
agreement between the County and the FKAA, construction design and
engineering for this area could begin immediately. The Congressional
appropriation in the amount of approximately $4.3 million must be
matched by the FKAA in a 1/3 ratio (approximately,$1.4 million).
5. As the Wastewater Authority for Monroe County and having agreed to
adopt Marathon as its first wastewater district, the BOCC authorizes the
FKAA to make appropriate arrangements to bond or otherwise secure the
necessary funds to meet the twenty-five percent (25%) match requirements
noted above for the Little Venice area. The County agrees to work with the
FKAA to detennine the most appropriate point in time to begin construction
of the wastewater facility in the Little Venice area.
6. There will be key decision points in the effort to construct the Marathon
Wastewater Facility, particularly related to funding requirements, which
will necessitate actions by the BOCC or both Boards. These decision points
will come at approximately the mid point in developing constntction design
plans and prior to the initiation of actual construction of the larger
Marathon Wastewater Facility. The County and FKAA agree to coordinate
on the completion of this project as plans develop. If funding in the larger
scale is not forthcoming, the Boards may jointly reassess the direction or
entirely discontinue the project. '
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, , The Sanitarv Wastewater Master Plan
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1. The FKAA agrees to participate in the process of developing the Sanitary
Wastewater Master PIan (SWMP) for unincorporated Monroe County.
2. The FKAA ~grees to fonnally consider the adoption of resulting
recommendations from the SWMP as they are forthcoming so that when
requested to implement the recommendations by the BOCC, the two Boards
may be in prior mutual agreement over the outcome of the SWMP.
3. The BOCC agrees to maintain a continuous process of coordination with the
FKAA so that the FKAA Board is fully apprised of all actions taken by the
BOCC with regard to the SWMP.
Immediate Fundin~ Commitments.' .
1. The BOCC is working to complete grant applications to secure the $4.3
million of de-obligated Title ll, Federal Pollution Control Act dollars
appropriated by Congress. The FKAA has participated in the process to
secure these funds.
2. The BOCC agrees to work to develop the financial package to make the
Marathon Wastewater project financially feasible in accordance with the
direction of the BOCC and with the concurrence of the FKAA.
OrnER ISSUES
1. The BOCC recognizes the FKAA as the sole governmental provider of
wastewater services. The BOCC will not approve another provider of
wastewater services, regulated under chapter 367 F.S. or a government
agency, as part of its nonnal process of completing development review and
approval or as part of a request for a special taxing district or similar taxing
structure for wastewater, without prior approval of the Board of the FKAA.
2. The BOCC agrees that, once the FKAA establishes wastewater district, the
establishment of which the BOCC has approved in this MOU, the further
development of the project~ design, constmction, the establishment of
bonding requirements, hook-up, service fees and charges, and the general
operation and maintenance of the facilities within the wastewater district
will fall entirely within the p1L.~ew of the FKAA as established in Chapter
76-441 Laws of Florida, any other relevant enabling legislation, and the
policies and procedures for the FKAA.
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3. The BOCC supports the f10rida House and Senate adoption of new legislative
language under Chapter 76-441, Laws of ~orida (HB4349). In accordance
with Section 8 of House Bill 4349, which amends Section 28 of Chapter 76-
441, Laws of Florida, Special Acts of 1976, the BOCC hereby approves the
FKAA's on going right and power to issue bonds to finance wastewater
projects.
EFFECTIVE DATE
1. This Memorandum of Understanding will take effect when a certified copy
is filed with the Clerk of the Court of Monroe County.
PASSED AND ADOYl:J:;U by the Board of County Commissioners, Monroe
County, Florida at a regular meeting of said Board held on the 14th day of May,
A.D., 1998 and by the Board of the "Florida Keys Aqueduct Authority at a regular
meeting of said board held on the 22nd day of May 1998.
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BOARD OF C
MONROE
COMMISSIONERS
RID:;:-
~~
MAYOR/CHAIR PERSON
BY:
(SEAL)
ATIEST: DANNY L. KOLHAGE, CLERK
BY:~'TQ D~~'^-
BOARD OF 1HE FLORIDA KEYS
AQUEDUcrAU1HORI1Y
BY: l' 1Md/2pL-
t/ "CHAIR. PERSON
APPROVED AS TO FORM AND
LEGAL sumCIENCY
~'
. COUNtY ORmY '
SWMP:390.dac
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Florida House of Representatives - 1998
Sy Representative Horan
HS 4349
A bill to be entitled
.
An act relating to Monroe County; amending
chapter 76-441, Laws of Florida, as amended,
relating to the Florida Keys Aqueduct
Authority; providing for certain matters
reqarding the construction, acquisition, and
maintaining of a wastewater system for the
collection, treatment, and disposal of
wastewater in Monroe County; providing for
certain matters with respect to the purchase of
property by the Florida Keys Aqueduct
Authority; providing for notification to the
public of the ava~lability of the Florida Keys
Aqueduct Authority's annual audit; am~nding
certain provisions relating to the issuance of
bonds: providing an effective date.
Be It Enacted by the Legislature of the State of Florida:
Section 1. Section 1 of chapter 76-441, Laws of
Florida, as amended by chapter 77-605, Laws of Florida, is
amended to read:
Section 1. Creation of Authority; boundaries
defined.--As of SePtember 15, 1976, the Florida Keys Aqueduct
Authority, an independent special district, was ~ recreated
and thereafter was 3hQll L~ the SUccessor agency to the
Florida Keys Aqueduct Authority which ~ ~ abolished by
chaoter 76-441, Laws of Florida tl~~__ .......t. The Florida Kevs
Aaueduct Authorit is not bein recreated bv this act or for
urposes of s. 189.404, Florida Statutes.The primary purpose
and function of this Authority shall be to. obtain, supply, and
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Florida House of Representatives - 1998
575-155,-98
HB 4349
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distribute an adequate water supply for the Florida Keys ~
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to collect, treat, and dispose of wastewater in the Florida
Keys. The geographic jurisdiction of the Authority shall be
as provided in this act. The Florida Keys Aqueduct Authority
shall be an autonomous public body COrporate and politic and
have perpetual existence. All lawful debts, bonds,
obligations, contracts, franchises, promissory notes, audits,
minutes, resolutions, and other undertakings of the Florida
Keys Aqueduct Authority"are hereby validated and shall
continue to be valid and binding on the Florida Keys Aqueduct
Authority in accordance wi~h their respective terms,
conditions, covenants, and tenor. Any proceedings heretofore
begun by the Florida Keys Aqueduct Authority for the
construction of any improvements, works, or facilities; for
the assessment of benefits and damages or for the borrowing of
money shall not be impaired or voided by this act but may be
continued and completed in the name of the Florida Keys
Aqueduct Authority. The Authority shall include within its
territorial boundaries all of the lands within Monroe County,
but may procure water outside its boundaries for sale within
said boundaries, and may serve customers residing within 1
mile of its pipeline, from its well field at Florida City in
Dade County to the territorial boundary of the Authority, and
may rovide for the discosal or treatment of wastewater
outside its boundaries for wastewater from within its
boundaries.
Section 2. Subsection (8) of section 3 of chapter
76-441, Laws of Florida, is amended to read:
Section 3. Definitions.--Unless the context shall
indicate otherwise, the following words as used in this act
shall have the following meanings:
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Florida House of Representatives - 1998
575-155-98
HB 4349
(8) "Sewe.r system" means any plant, system, facility,
or property and additions, extensions, and improvements
thereto at any future t~e cons;ructed or acquired as part
thereof, useful or necessary or havinq the present capacity
for future use in connection with the collection, treatment,
purification, or disposal of sewaqe, includinq without
l~itation, industrial wastes resultinq from any processes of
industry, manufacture, trade, or business or from the
. ...
development of any natural resources, and, without l~itinq
the generality of the foregOing, shall include treatment
plants, pumpinq stations, lift stations, valve, force mains,
intercepting sewers, laterals, pressure lines, mains and all
necessary appurtenances and equipment, all sewer mains,
laterals, and other devices for the reception and collection
of sewage from premises connected therewith, and all real and
personal property and any interest therein, rights, eas~~ents,
and franchises of any nature whatsoever relating to any such
system and necessary or convenient for the operation thereof.
The terms "wastewater" or "wastewater svstem" shall be
construed as synonymous with the term "sewer" or "sewer
system" for all PUrposes under this act.
Section 3. Section 6 of chapter 76-441, Laws of
Florida, as amended by chapter 80-546, Laws of Florida, is
amended to read:
Section 6. Compensation of the board.--Each member
shall be entitled to receive for such services a fee of $300
per meetin~, not to exceed 3 meetinas per month. In addition,
each board member shall receive reasonable expenses which
shall not be in excess of the amounts provided by law for
state and county officials in chapter 112, Florida Statutes.
The comcensation amount for the members of the board provided
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Florida House of Representatives - 1998
575-155-98
HB 4349
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for in this section shall be ad;usted annually based uoon the
index crovided for pursuant to s. 287.017(2), Florida
Statutes.
Section 4. Subsection (1) of section 7 of chapter
76-441, Laws of Florida, is amended to read:
Section 7. Bonds; depositories; fiscal agent;
bUdget.--
(1) Each member of the board of directors shall
execute a bond to the Governor in the amount of $10,000 with a
qualified surety to secure their faithful perfor.mance of their
powers and duties. The board o~ directors shall require a
certified audit of the books of the Authority at least once a
year at the expense of the Authority. Such audit shall be
available for public inspection and a notice of the
availability of the audit shall be published in a newspaper
published in Monroe County at least once within 6 months after
the end of each fiscal year. The legislative auditor may
audit the Authority at any time.
Section 5. Subsection (3) of section 9 of chapter
76-441, Laws of Florida, as amended by chapters 77-604,
80-546, and 84-483, Laws of Florida, is amended to read:
Section 9. Powers of the Authority.--In addition to
and not in limitation of the powers of the Authority, it shall
have the following powers:
(3) OWNERSHIP AND DISTRIBUTION OF PROPERTY.--To
acquire property, real, personal, or mixed within or without
its territorial l~its in fee simple or any lesser interest or
estate by purchase, gift, devise, or lease on such terms and
conditions as the board of directors may deem necessary or
desirable and by condemnation (subject to l~itations herein
below). The Authority shall provide information and assistance
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Florida House of Representatives - 1998
575-155"-98
HB 4349
to Monroe County for use i~ preparina its comprehensive plan
with respect to the availability of water and wastewater
facilities.Except in cases of emergency, or the purchase of
sole source items, or when the board deter.mines that delay
would be detr~ental to the interests of the Authority, ~
equipment shall be purchased in accordance with cart r of
chacter 287, Florida Statutes ..l.......<l. t"........l.a..."" t"..~..."" ..^...o;;;;....i~
b~~w .""..._~v""~. All provided that the board of directors
deter.mines that the use or ownership of such property be
necessary in the furtherance of a designated lawful purpose
authorized under the provisions of this act. However, the
authority may purchase equipment or material without
competitive bid, regardless of price, when the manufacturer
m~""'!Q...L.....""..... of such equipment or material refuses to bid on
the equipment or material and the board determines that the
public interest would be served, and substantial savings would
result, if the equipment or material were purchased directly
from the manufacturer. In all such cases the board shall
enter a record of such purchase in the "Record of Governing
Board of Florida Keys Aqueduct Authority." The Authority is
specifically excluded from the provisions of s. 253.03(6),
Florida Statutes, and has the authority to hold title to
property in its own name; to acquire easements or
rights-of-way, with or without restrictions, within or without
the limits of the Authority. The State of Florida may convey
to the Authority rights-of-way over any of the lands and
structures belonging to the State of Florida or any of its
agencies for the purpose of constructing, maintaining,
supplying, establishing, and regulating the works and projects
involved in the wastewater system or the water supply and
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Florida House of Representatives - 1998
575-155-98
HS 4349
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1 distribution systems authorized by this act. To mortgage,
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2 hold, manage, control, convey, lease, sell, grant, or
3 otherwise dispose of the same and any of the assets and
4 properties of the Authority without regard to chapter 273,
5 Florida Statutes.
6 Section 6. Paragraphs (k) , (1) , (m) , (n) , (0) , and (I'
7 are added to subsection (9) of section 9 of chapter 76-441,
8 Laws of Florida, to read:
.. ..
9 Section 9. Powers of the Authority.--In addition and
0 not in limitation of the powers of the Authority, it shall
1 have the following powers:
2 (9)
3 (k) The Authority shall have power to contract with
4 any cerson, any private or public corporation, the State of
Florida, or any aqencv, instrumentality, or county,
municioality or political subdivision thereof, or any aaency,
instrtunentality,or corporation of or created by the United
States, with respect to such wastewater system or any cart
thereof. The Authority shall also have power to accept and
receive qrants or loans from the same, and in connection with
any such contract, qrant, or loan, to stipulate and aaree to
such covenants, terms, and conditions as the qoverninq body of
the Authority shall deem aooropriate.
(1) To make or cause to be made such surveys,
investiqations, studies, borinqs, maos, drawinqs, and
estimates of cost and revenues as it may deem necessary, and
to preoare and adoct a comorehensive plan or plans for the
location, relocation, construction, imorovement, revision, and
develocment of the wastewater system.
(m) That subject to covenants or aar~ement with
bondholders contained in proceedinqs authorizinq the issuance
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Florida House of Representatives - 1998
575-155-98
HS 4349
of bonds pursuant to this act, the Authority shall have the
ower to lease said wastewater s stem or an
thereof, to any person, fir.m, co~oration, association, or
bod on such ter.ms and conditions and for such eriods of
time as shall be deter.mined by the qoverninq bOdy. The
Authorit shall also whenever desirable have ower to rant
or licenses in connection with an of the facilities
wastewater System, and shall have full and comolete
ower to do all thin s necessar and desirable for the rocer
and efficient administration and operation of such wastewater
and all parts thereof. The Authority shall also have
whenever deemed necessar or desirable and sub'ect to
aqreements with bondhOlders, to lease from any
erson, fir.m, corcoration, association, or
facilities of any nature for such wastewater system.
(n) That charqes shall be levied by the Authoritv
aaainst its own books or aqainst Monroe County with resoect to
providinq any facilities or services rendered by such
wastewater system to the Authority or to Monroe County, or to
any other political subdivision or public body or aaency which
receives wastewater system services, or to any deoartment or
works thereof, at the rate or rates apolicable to other
customers or users takinq facilities or services under s~ilar
conditions. Revenues derived from such facilities or services
so furnished shall be treated as all other revenues of the
wastewater system.
(0) Neither Monroe County, nor any municioality or
soecial district therein, shall exercise any present or future
ursuant to law, to interfere with the Authorit 's
and 0 eration of the wastewater s stem in such a
manner as to Lmoair or adversely affect the covenants and
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Florida House of Representatives - 1998
575-155-98
fiB 4349
obligations of the Authority under aareement relatina to its
bonds or other debts.
(p) The Authority shall have exclusive ;urisdiction
over the administration, maintenance, development, and
rovision of wastewater S stem services in Monroe Count , with
the exception of the City of Key West, the City of Kev Colony
Beach, the City of Layton, and Islamorada, Villaae of Islands.
unless such incorporate~.~reas shall choose to grant the
Authority such ;urisdiction, and the Authority's wastewater
1 system authorized hereunder shall be the exclusive provider of
1 wastewater system services and no franchise or qrant of power
12 to any other entity or provider shall be lawful unless
13 preapproved by the Authority. The Authority shall have the
14 power to reaulate the use of, includinq prohibitinq the use of
15 or mandatinq the use of, specific types of wastewater
16 facilities and, notwithstandinq any other provisions hereof,
17 shall be authorized to prescribe the specific type of
18 wastewater treatment facility or measures required to be
19 utilized within the boundaries of the Authority, including,
20 but not limited to, reauirinq the use of septic tanks in lieu
21 of cess pits, the mandatory hookup to specific wastewater
22 treatment plants, reauiring upqrades be undertaken on site
23 wastewater systems, and any other combination of the foreqoinq
24 n order to manage effluent disposal and wastewater matters.
25 Section 7. Section 17 of chapter 76-441, Laws of
26 Florida, is amended to read:
27 Section 17. Remedies.--Any holder of bonds issued
28 under the provisions of this act or of any of the coupons
29 ppertaininq thereto, and the trustee under the trust
30 ndenture, if any, except to the extent the rights herein
31 iven may be restricted by resolution passed before the
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575-155-98 _
HB 4349
issuance of the bonds or by the trust indenture, may, either
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at law or in equity, by suit, action, mandamus, or other
proceeding, protect and enforce any and all rights under the
laws of the State of Florida or granted hereunder or under
such resolution or trust indenture, and may. enforce or compel
perfor.mance of all duties required by this act or by such
resolution or trust indenture to be perfor.med by the Authority
or any officer thereof, including the fixinq, charqinq, and
collectinq of rates and other charqes for both water furnished
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by the waterworks system and wastewater treatment furnished by
the wastewater system.
Section 8. Section 28 of chapter 76-441, Laws of
Florida, as amended by chapters 80-546 and 87-454, Laws of
Florida, is amended to read:
Section 28. Authorization and fOJ:m of ~ev...u~c
bonds.--R...v....u~e L...u..1... .......:1 Le a~Ll......~.......l L:1 ............l~L~...u ...! Ll.....
00.........1 1oI! ..1~.........IoI...... ..l.~...l. ...1.....11 Lei!. ......!...tJL.....l L:1 a .......j......~L:1 1oI! all
rn.......L...... Lt...........! L1........ ~u 1oI!!~...e. 3~...1.. ............l~t.~...u.. .......:1 L...
d..!loItJLe..! ....L 1;:.1.... .........L~....~ ...w::I........"1.....uL L... ....u..! ......L aL Lt.... ..............
..1......L~....~ ....L ..1.~...14 L1.....:1 ....... .:...L........1~........1. The board may by
resolution authorize the issuance of ~ev...u~e bonds on either a
neqotiatedor comoetitive bid basis, fix the agqregate amount
of rev......~... bonds to be issued, the purpose or purposes for
which the moneys derived therefrom shall be expended, the rate
or rates of interest, Nt..~...l. ......L... ......:1 ......L ...A..........1 Ll..... ......Le
d~Ll..........:.......1 L:1 ~...u..........l l....n, Ll..e: denomination of bonds, whether
or not the bonds are to be issued in one or more series, the
date or dates thereof, the date or dates of maturity, which
shall not exceed 40 years from their respective dates of
issuance, the medium of payment, place or places within or
without the state where payment shall be made, reqistration~
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CODING:Words ...L...~...k....... are deletions; words underlined are additions.
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HS 4349
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privileges, ~ed.....t"L~...u l..........~ Qud t"...~,,~l..~..w (whether with or
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without premium), the manner of execution, the for.m of the
bonds, includinq any interest coupons to be attached thereto,
the manner of execution of bonds and coupons, and any and all
other terms, covenants and conditions thereof, and the
establishment of reserve or other funds. Prior to the issuance
to finance wastewater
a ma'orit of the Board of Count
of Monroe County of the Authority's on~oin~ ri~ht and power to
issue bonds shall be received (the "County Ap~roval"). Once
the Count AD roval of the Authorit 's on oin ri ht and ower
to issue bonds has been received, the Authority shall
thereafter have such ri~ht to issue bonds for its pro;ects and
to make any and all deter.minations relatin~ to such bond
issues.
law.
Section 9. This act shall take effect upon becoming a
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CODING:Words ~t.~~~~.. are deletions; words underlined are additions.