Resolution 359-2005
RESOLUTION NO. 359-2005
A RESOLUTION OF THE BOARD OF COUNTY
COMMISSIONERS OF MONROE COUNTY, FLORIDA
WITH RESPECT TO REIMBURSEMENT OF CERTAIN
COSTS RELA TING TO THE ACQUISITION,
CONSTRUCTION AND EQUIPPING OF VARIOUS
CAPITAL IMPROVEMENTS TO THE KEY WEST
INTERNA TIONAL 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 to the Key West International Airport (the "Airport
Improvements ");
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 Airport
Improvements. 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 $35,000,000 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.
adoption hereof.
This Resolution shall become effective immediately upon
PASSED AND ADOPTED by the Board of County Commissioners of Monroe
County, Florida, at a regular meeting of said Board held on the 28th day of
September , 2005.
Mayor Spehar ~
Mayor Pro Tern McCoy Yes
Commissioner Nelson ..Y.e..a-
Commissioner Neugent Yes
Commissioner Rice Yes
BOARD OF COUNTY COMMISSIONERS
OF MONROE COUNTY, FLORIDA
L)i# >n ~
Mayor
ATTEST: Danny L. Kohlage, Clerk
~
Deputy Clerk
:t p.,a
- ....,
0 0 -
)> en r-
% 0
::On% n fl'1
0..-% -t 0
,..,::-;:-< -Tl
no r- N 0
0("')' ;JQ
c:-:;;;;:
:z::X>o ." ::0
-for :x rtl
~-t:X: ~ n
:"'. 7;>- 0
I C} ::::0
)> fTt N 0
~
Approved as to form and legal sufficiency:
.,..........'
County Attorney
2