Resolution 123-1985
RESOLUTION NO. 123 -1985
A RESOLUTION OF THE BOARD OF COUNTY COMMIS-
SIONERS OF MONROE COUNTY, FLORIDA, APPROVING
THE ISSUANCE OF INDUSTRIAL DEVELOPMENT REVENUE
REFUNDING BONDS.
WHEREAS, the Industrial Development Authority of Monroe
County, Florida, proposes to issue $4,500,000 aggregate principal
amount of its Industrial Development Revenue Refunding Bonds
(Beverly Enterprises-Florida, Inc. Project) Series 1985 (the
"1985 Bonds") for the purpose of refunding $4,500,000 aggregate
principal amount of its Industrial Development Revenue Bonds
(Beverly Enterprises-Florida, Inc. Project) Series 1983 (the
"1983 Bonds"), and
WHEREAS, the 1983 Bonds were issued to finance the acquisi-
tion or construction of a 120 bed skilled and intermediate care
nursing home facility (the "Company") owned and operated by
Beverly Enterprises-Florida, Inc., a California Corporation
qualified to do business in Florida as Beverly Gulf Coast-
Florida, Inc. (the "Company"), and
WHEREAS, pursuant to the Bond Resolution attached as Exhibit
"A" hereto, the Authority proposes to issue the 1985 Bonds and to
loan the proceeds thereof to the Company for the purposes of
refunding and redeeming the 1983 Bonds within 180 days from the
date of issuance of the 1985 Bonds, and
WHEREAS, prior to the issuance of the 1985 Bonds, the pro-
visions of Parts II and III of Chapter 159, Florida Statutes, as
amended (the "Act"), require that the Board of County Commis-
sioners of Monroe County, Florida approve the issuance of the
1985 Bonds, now, therefore,
BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF
MONROE COUNTY, FLORIDA, that the issuance of the 1985 Bonds for
the refunding of the 1983 Bonds, as contemplated by the Bond
Resolution, is hereby approved. This approval is intended to
comply with the provisions of the Act and Section l25.01(1)(z) of
the Florida Statutes, as amended.
PASSED AND ADOTPED by the Board of County Commissioners of
Monroe County, Florida, at a regular meeting of said Board held
on the 12th day of April, A.D. 1985.
BOARD OF COUNTY COMMISSIONERS
OF MONROE COUNTY, FLORIDA
By
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MAYOR/CHAIRMAN
(SEAL)
Attest: DANNy L. KOLHAGE, Clerk
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BY
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R' ,ULUT'ON N0. U 1983
• ,.cSOLUTION OF THE BOARD OF COUNTY COMMISSIONERS
OF OF IINDUOE STRIAL COUNTY,
DEVELOPMENT BONDSVTOG THE FINANCESAANCE
120
BED SKILLED AND FOR BEVERLY ENTERPRISES, NURSING
INC. , d/bATE CARE BEV FACILITY
ERLY-GULF
COAST, INC.
WHEREAS, the Board of County Commissioners of Monroe County,
Florida has jurisdiction over Monroe County, Florida where Beverly
Enterprises, Inc. , d/b/a Beverly-Gulf Coast, Inc. (the "Company"),
proposes to acquire or construct a 120 bed skilled and intermediate
111,
Project is to be financed
care nursing facility (the "Project"), which Pro J
from the proceeds of $4,950,000 aggregate principal amount Industrial
Development Revenue Bonds (the "Bonds") ; and
WHEREAS, on April 13, 1983 the Monroe County Industrial Development
Authority adopted a Resolution expressing its intent to issue the
Bonds to finance the Project (the "Resolution") , a copy of which
Resolution is attached hereto as Exhibit A; and
WHEREAS, on April 15, 1983 notice of a public hearing (the
"Notice") was published in the Key West Citizen, a newspaper of
general circulation in Monroe County, Florida, a copy of which
Notice is attached hereto as Exhibit B; and
WHEREAS, on May 6, 1983, a public hearing (the "Hearing") was
conducted at the Monroe County Courthouse Annex, Marathon, Florida
concerning the issuance of the Bonds:
NOW, THEREFORE, he it resolved by the Board of Cot•nty Commissioners
of Monroe County, Florida as follows:
1. The Notice was designed to and did apprise residents of
Monroe County, Florida of the proposed issuance of the Bonds, and
was published no fewer than 14 days before the scheduled date of
the Hearing.
2. The Hearing was conducted in a manner that provided a
'";s' reasonable opportunity for persons holding divergent opinions on
ys both the issuance of the Bonds and the location and nature of the
Project to express those opinions.
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3, ne P lyd of County Commissioners of Monroe County, Florida
h-, ,:,K jurisdiction over Monroe County, Florida, the location of the
Project, hereby approves the issuance of the Bonds as contemplated
by the Resolution for the purpose of financing the Project for the
Company.
4. This approval is intended to comply with the provisions
of Section 103(k) of the Internal Revenue Code of 1954, as amended.
PASSED AND ADOPTED by the Board of County Commissioners of
Monroe County, Florida at a regular meeting held on the 10th day
of June, A.D. 1983.
BOARD OF COUNTY COMMISSIONERS
OF MONROE COUNTY, FLORIDA
56l r"
By
ayor a ratan
(SEAL)
Attest:WI W. VALTZ,
er
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