Resolution 470-2021 MONROE COUNTY, FLORIDA
RESOLUTION NO. 470 -2021
A RESOLUTION OF THE BOARD OF COUNTY
COMMISSIONERS OF MONROE COUNTY, FLORIDA
WITH RESPECT TO REIMBURSEMENT OF CERTAIN
COSTS RELATING TO THE CONCOURSE A
EXPANSION AT THE KEY WEST INTERNATIONAL
AIRPORT.
WHEREAS, Monroe County, Florida (the "County") has incurred and/or will
incur various costs in relation to the acquisition, construction and equipping of various
capital improvements with respect to the Concourse A expansion at the Key West
International Airport, as such improvements are more particularly described in the plans
and specifications on file with the County (the "Project");
WHEREAS, the County has determined it is in its best interest to reimburse all or
a portion of such costs from proceeds of tax-exempt debt; and
WHEREAS, the United States Department of Treasury has issued various
regulations in regard to reimbursement of governmental costs through the issuance of tax-
exempt debt;
BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF
MONROE COUNTY, FLORIDA, AS FOLLOWS:
SECTION 1. It is the intent of the County to reimburse various costs and
expenditures relating to the acquisition, construction and equipping of the Project. The
County has paid for, and/or reasonably anticipates that it will pay for, such costs and
expenditures from moneys on deposit in the Airport Enterprise Fund of the County. It is
reasonably expected that reimbursement of such costs and expenditures shall come from
the issuance of tax-exempt debt which is not expected to exceed $65,000,000 aggregate
principal amount.
SECTION 2. The County shall comply with all applicable law in regard to
the public availability of records of official acts (i.e., adoption of this resolution) by
public entities such as the County, including making this resolution available to public
inspection.
SECTION 3. It is the intent of this resolution to meet the requirements of
Treasury Regulations Section 1.150-2 and to be a declaration of official intent under such
Section.
SECTION 4. This Resolution shall become effective immediately upon
adoption hereof.
PASSED AND ADOPTED by the Board of County Commissioners of Monroe
County, Florida, at a regular meeting of said Board held on the 8th day of December
2021.
Mayor David Rice Yes
Mayor Pro Tem Craig Cates Yes
Commissioner Michelle Coldiron Yes
Commissioner District 3 Vacant
,0 ��`� Commissioner Holly Merrill Raschein Yes
ffitok ‘,4„, BOARD OF COUNTY COMMISSIONERS
OF MONROE COUNTY,FLORIDA
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�° ;," evin Madok, Clerk
By: By:
As Deputy Clerk Mayor
NROE CO .ATTORNEY
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ASSIS*!1 Y ATTORNEY
Date 11/18/21
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