HomeMy WebLinkAboutResolution 296-2024 MONROE COUNTY, FLORIDA
RESOLUTION NO. 296 - 2024
A RESOLUTION OF THE BOARD OF COUNTY
COMMISSIONERS OF MONROE COUNTY, FLORIDA
WITH RESPECT TO REIMBURSEMENT OF CERTAIN
COSTS RELATING TO VARIOUS CAPITAL
IMPROVEMENTS WITHIN THE COUNTY.
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 within the County, as generally described on Exhibit A hereto and 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 One Cent Infrastructure Sales Surtax, Fund
304 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 $45,000,000 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. .1 This Resolution shall become effective immediately upon : :
adoption hereof.
PASSED AND ADOPTED by the Board of Count Commissioners of Monroe
• ounty, Florida at a meeting of said Board held on the 1 l th day of September:2024.
Merrill
hi •
Mayor Holly. Rase e n Yes
Mayor. Pro Tern James K. Scholl Yes : :
ommi
•
ssion er Craig
ra Cates
Commissioner Micchells Li
ncoln Yes
iDavidRice Commissioner ss er
Yes:
OF:COUNTY COMMISSIONERS
F MONROE:COUNTY, FLORIDA
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MONROE COUNTY ATTORNEY
CHRISTINE LINMBRRT-BARROWS
• ASSISTANT COUNTY ATTORNEY
DATE: 9/13/24.
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GENERAL DESCRIPTION OF PROJECT
The Project generally consists of the following capital improvements, as more
particularly described in the plans and specifications of file with the County, and as the
same may be amended and supplemented from time to time:
• Sugarloaf Fire Station
• Rockland Fleet Garage Facility
• Sheriff Generator Building
• Conch Key Road Elevation
• Twin Lakes Road Elevation
• Sands Subdivision Road Elevation
• Sugarloaf Boulevard Bridge Replacement
3