Item T07
BOARD OF COUNTY COMMISSIONERS
AGENDA ITEM SUMMARY
Meeting Date: December 18, 2002
Division: Growth Management
Bulk Item: Yes
No X
Department: N/ A
AGENDA ITEM WORDING: Approval of an Interlocal Agreement between Monroe County and the Key
Largo Wastewater District Board providing a $100,000 loan to the District for completion of wastewater
projects.
ITEM BACKGROUND: At its November 20, 2002, regularly scheduled meeting the Board of County
Commissioners affirmed its commitment to provide the newly constituted Key Largo Wastewater District Board
a loan of $100,000 to financially assist the District in completion of its wastewater projects for Key Largo
Trailer Village and Key Largo Park. The County Attorney was directed to prepare with the assistance of the
Growth Management Division a draft Interlocal Agreement to effectuate the transfer of these loan funds to the
District. The prepared draft agreement requires that the loan be repaid within three years from the date the
funds are transferred to the District.
The proposed Interlocal Agreement was approved by the Key Largo Wastewater District Board at its December
4, 2002, meeting agenda for consideration.
PREVIOUS RELEVANT BOCC ACTION: Approval Resolution 310-2002 on July 17,2002, conceptually
approving loan; directed County Attorney to prepare Interlocal Agreement on November 20,2002.
CONTRACT/AGREEMENT CHANGES: N/A
STAFF RECOMMENDATIONS: Approval
$100,000
BUDGETED: Yes: N/A No:
TOTAL COST:
COST TO COUNTY: N/A (Loan from 304 Fund)
REVENUE PRODUCING: Yes X No AMOUNT PER MONTH
Year -$3,000 per year
APPROVED BY:
County Arty ~
DIVISION DIRECTOR APPROVAL:
DOCUMENT A TION: Included X
To Follow
AGENDA ITEM # /" /
DISPOSITION:
MONROE COUNTY BOARD OF COUNTY COMMISSIONERS
CONTRACT SUMMARY
Contract with:
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Effective Date:
Expiration Date:
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(Department/Stop #)
Agenda Deadline: /c2/.3 ()
CONTRACT COSTS
Total Dollar Value of Contract: $ 1<' ~ 000 Current Year Portion: $ /otJ, oc ()
Budgeted? YesO No ~ Account Codes: ~ - _ - ---..:..- - _-
Grant: $
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County Match: $ - I - - - -
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. eN 1_'1 lQQ' n ADDITIdNAL COSTS
Estimated Ongoing Costs: ~/yr For:
(Not included in dollar value above) (eg. maintenance, utilities, janitorial, salaries, etc.)
CONTRACT REVIEW
County Attorney
Changes
Date In Needed~
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Division Director
Risk Management
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Comments:
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OMB Form Revised 2/27/01 MCP #2
INTERLOCALAGREEMENT
Kev Larao Wastewater District Board
This Interlocal Agreement is entered into pursuant to Sec. 163.01, Florida
Statutes, by and between Monroe County, a political subdivision of the State of Florida,
hereafter County, and the Key Largo Wastewater District Board, an independent special
district, hereafter District.
WHEREAS, the District now has the obligation to continue to completion, and after
completion to operate, the following central sewage treatment projects: Key Largo
Trailer Village, and the Key Largo Park, plus related collection infrastructure, hereafter
the Projects;
WHEREAS, the District at present does not have in place a funding mechanism to
complete and operate the Projects;
WHEREAS, the County's Board of County Commissioners have determined that the
completion of the Projects is a proper County public purpose pursuant to Sec. 125.01(1),
FS; and
WHEREAS, the County desires to lend the District $100,000 to help the District in
its completion of the Projects; now, therefore,
IN CONSIDERATION of the mutual covenants and promises set forth below, the
parties agree as follows:
1. a) The County agrees to lend the District the sum of $100,000 to assist the
District in its completion of the Projects.
b) The County will tender the $100,000 to the District within ten
business days of the District establishing a federally insured account for the funds at a
financial institution authorized by State law to receive deposits of public funds. The
District must deposit the funds in that account.
2. The District must repay the $100,000 to the County within three years from
the date the County tendered the funds to the District, together with interest at the
adjusted rate per annum established by the State Revolving Loan Fund calculated from
the date the County tendered the $100,000 to the District.
3. The District must keep its records pertaining to the County loan according
to generally accepted accounting principles and make those records available to auditors
employed by the County or the Clerk of the Circuit Court during normal business hours
(Monday through Friday, 9 AM to 5 PM, holidays excepted).
4. This Interlocal Agreement will take effect when a fully executed copy is filed
with the Clerk of the Circuit Court for Monroe County.
IN WITNESS WHEREOF, the parties hereto have set their hands and seals on the
dates written below.
(SEAL)
ATTEST: DANNY L. KOLHAGE, CLERK
BOARD OF COUNTY COMMISSIONERS
OF MONROE COUNTY, FLORIDA
By
By
Deputy Clerk
Mayor/Chairman
Date
(SEAL)
Attest:
KEY LARGO WASTEWATER
DISTRICT BOARD
By
By
Secreta ry
Chairman
Date