Resolution 002-2001
Board of County Commissioners
RESOLUTION NO.
002 -2001
A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS OF MONROE
COUNTY, FLORIDA AUTHORIZING MONROE COUNTY TO ENTER INTO
EQUIPMENT (FIRE TRUCK) LEASES.
WHEREAS, the principal amount expected to be financed is $923,054.00;
WHEREAS, Monroe County is a political subdivision of the State of Florida and is duly
organized and existing pursuant to the Constitution and laws of the State of Florida;
WHEREAS, pursuant to applicable law, the Monroe County Board of County Commissioners
(BOCC) is authorized to acquire, dispose of and encumber real and personal property, including,
without limitation, rights and interest in property, leases and easements necessary to the functions
or operations of Monroe County.
WHEREAS, the BOCC hereby finds and determines that the execution of one or more
lease-purchase agreements ("Equipment Leases") in the principal amount not exceeding the amount
stated above for the purpose of acquiring the property ("Equipment") to be described in the
Equipment Leases is appropriate and necessary to the functions and operations of Monroe County.
WHEREAS, Banc One Leasing Corporation ("Lessor") shall act as Lessor under said
Equipment Leases; now, therefore
BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF MONROE
COUNTY, FLORIDA:
Section 1. The Mayor of Monroe County, acting on behalf of Monroe County, is hereby
authorized to negotiate, enter. intor execute, and deliver one or more Equipment Leases in
substantially the form set forth in the document presently before the BOCC, which document is
available for public inspection at the office of the County Administrator. The Mayor, acting on
behalf of Monroe County, is hereby authorized to negotiate, enter into, execute, and deliver such
other documents relating to the Equipment Lease as the Authorized Representative deems
necessary and appropriate. All other related contracts and agreements necessary and incidental to
the Equipment Lease are hereby authorized.
Section 2. By a written instrument signed by the Mayor, said Mayor may designate
specifically identified officers or employees of the County to execute and deliver agreements and
documents relating to the Equipment Lease on behalf of the County.
Section 3. The aggregate original principal amount of the Equipment Leases shall not
exceed the amount stated above and shall bear interest as set forth in the Equipment Leases and
the Equipment Leases shall contain such options to purchase by the County as set forth therein.
Section 4. Monroe County's obligations under the Equipment Leases shall be subject to
annual appropriation or renewal by the BOCC as set forth in each Equipment Lease and Monroe
County's obligations under the Equipment Leases shall not constitute a general obligation of Monroe
County or indebtedness under the Constitution or laws of the State of Florida.
Section 5. As to each Equipment Lease, Monroe County reasonably anticipates to issue
not more than $10,000,000 of tax-exempt obligations (other than "private activity bonds" which
are not "qualified 501(c)(3) bonds") during the fiscal year in which each such Equipment Lease is
issued and hereby designates each Equipment Lease as a qualified tax-exempt obligation for
purposes of the Internal Revenue Code of 1988, as amended.
PASSED AND ADOPTED by the Board of County Commissioners of Monroe County, Florida,
at a regular meeting of said Board held on the 17 th day of January , 200' 1
The undersigned Clerk of Monroe County hereby certifies and attests that the undersigned
has access to the official records of the BOCC, that the foregoing resolution was duly adopted by
said BOCC at a meeting of said BOCC and that such resolution has not been amended or altered and
is in full force and effect on the date stated above,
Yes
Yes
Yes
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Yes
BOARD OF COUN1Y COMMISSIONERS
/OF MONROE COUN1Y, FLORIDA
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Mayor / Chairperson
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