12/18/2002 Agreement
Cleltl of lIIe
Circul coon
Danny L. Kolhage
Clerk ofthe Circuit Court
Phone: (305) 292-3550
FAX: (305) 295-3663
e-mail: phancock@monroe-clerk.com
Memorandum
TO: Timothy McGarry, Director
Growth Management Division
A TTN: Colleen Gardner
Executive Assistant
FROM: Pamela G. ~
Deputy Clerk
DATE: December 19, 2002
At the December 18, 2002, Board of County Commissioner's meeting the Board granted
approval and authorized execution 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.
Enclosed is a duplicate original of the above mentioned for your handling. Should you
have any questions please feel free to contact our office.
cc: County Administrator w/o document
OMB via facsimile
County Attorney
Finance
File /
INTERLOCALAGREEMENT
Kev Largo 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.
>:.~.!,:I_NWITNESS WHEREOF, the parties hereto have set their hands and seals on the
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...'A~~~~,i5ANNY L. KOLHAGE, CLERK
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BOARD OF COUNTY COMMISSIONERS
OF MONROE COUNTY, FLORIDA
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Mayor/Chairman
Secreta ry
KEY LARGO WASTEWATER
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Chairman
(SEAL)
Attest:
By
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