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RESOLUTION NO. 07-061
WHEREAS, subsequent to the adoption of the St. Lucie County Board of County Commissioners budget for
SI. Lucie County, certain funds not anticipated at the time of adoption of the budget will become available in
the fonn ofa loan in the amount of$16,000,000 for the Indian River Estates MSBU.
WHEREAS, Section 129.06 (d), Florida Statutes, requires the Board of County Commissioners to adopt a
resolution to appropriate and expend such funds.
NOW, THEREFORE, BE IT RESOLVED by the Board of County Commissioners of St. Lucie County,
Florida, in meeting assembled this 13th day of February, 2007, pursuant to Section 129.06 (d), Florida
Statutes, such funds are hereby appropriated for the fiscal year 2006-2007, and the County's budget is hereby
amended as follows:
Project Budget:
REVENUES
39007-4115-384200-3804
39007-4115-384300-3804
39007-4115-361100-3804
APPROPRIATIONS
39007-4115-563000-3804
39007-4115-563008-3804
39007-4115-563009-3804
39007-4115-549114-3804
39007-4115-534000-3804
39007-1300-549100-3804
39007-4115-599330-3804
Debt Service:
REVENUES
250-9950-384200-3804
250-9950-384300-3804
APPROPRIATIONS
250-9950-571100-3804
250-9950-572100-3804
Proceeds fi-om Loan
Contributions fi-om Property Owners
Interest on Investments
$15,875,000
$3,075,000
$400,000
Improvements O/T Buildings
Infrastructure - Advertising
Infi-astructure - Soil Testing
General & Administrative Fees
Other Contractual Services
Comm. & Feesffax Collector
Project Reserves
$8,500,000
$1,350
$46,315
$575,475
$3,410,550
$50,000
$6,766,310
Proceeds fi-om Loans
Contributions fi-om Property Owners
$16,000,000
$212,000
Principal Notes
Interest Notes
$16,000,000
$212,000
After motion and second the vote on this resolution was as follows:
Commissioner Chris Craft, Chairperson
Commissioner Joseph E. Smith, Vice Chairperson
Commissioner Doug Coward
Commissioner Paula Lewis
Commissioner Charles Grande
Aye
Aye
Aye
Aye
Absent
PASSED AND DULY ADOPTED TillS 13th DAY OF FEBRUARY, 2007.
ATTEST:
BOARD OF COUNTY COMMISSIONERS
ST LUC C UNTY, FLORIDA
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