Resolution 171-2005
RESOLUTION NO. 171-2005
A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS
OF MONROE COUNTY, FLORIDA WITH RESPECT TO
REIMBURSEMENT OF CERTAIN COSTS RELATING TO THE
ACQUISITION, CONSTRUCTION AND EQUIPPING OF VARIOUS
W ASTEW ATER F ACll..ITIES WITIDN 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 wastewater
collection, distribution, treatment and disposal facilities throughout the County (the
"Wastewater System");
WHEREAS, the County has detennined 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 Treasmy 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 Wastewater System.
The County has paid for, and/or reasonably anticipates that it will pay for, such costs and
expenditures from moneys on deposit in various reserves including Capital Projects and the
General 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
$50,000,000 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
Treasmy Regulations Section 1.150-2 and to be a declaration of official intent under such
Section.
SECTION 4.
hereof.
This Resolution shall become effective immediately upon adoption
PASSED AND ADOPTED by the Board of County Commissioners of Monroe
County, Florida, at a regular meeting of said Board held on the 18th day of May
2005.
Mayor Spehar Y.e.a...
Mayor Pro Tem McCoy Yes
Commissioner Nelson Yes
Commissioner Neugent Yes
Commissioner Rice Yes
BOARD OF COUNTY COMMISSIONERS OF
MONROE COUNTY, FLORIDA
,i~J~ >n ~
Mayor DIXIE M. SPEHAR
L. Kohlage, Clerk
Approved as to form:
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