HomeMy WebLinkAbout01-157JOANNE HOLMAN, CLERK OF THE CIRCUIT
File Number. 1. Jo, J,- OR BOOK 1415
Recorded :07/13/01 12:37
RESOLUTION NO. 01-
A RESOLUTION OF THE BOARD OF
COMMISSIONERS OF ST. LUCIE COUNTY,
APPROVING, PURSUANT TO THE REQUIB
OF SECTION 147(0 OF THE INTERNAL B
CODE OF 1986, AS AMENDED, THE ISSU./
NOT EXCEEDING $7,000,000 REVENUE BONI
LIVING CENTER OF FORT PIERCE I, LLC
FOREST PARK RETIREMENT COM
PROJECT), SERIES 2001, ON BEHALF C
LIVING CENTER OF FORT PIERCE I, LI
PROVIDING AN EFFECTIVE DATE.
BE IT RESOLVED BY THE BOARD OF COUNTY COMMIS~
COUNTY, FLORIDA:
Section 1. Findings.
A. Pursuant to Chapter 159, Part II, Florida Statutes (the "A(
Commissioners (the "Board") of St. Lucie County, Florida (the "County'
Sage Living Center of Fort Pierce I, LLC (the "Company"), to approx
herein, the issuance of its revenue bonds in an aggregate principal amount
to be known as the Revenue Bonds (Sage Living Center of Fort Pierce I,
Retirement Community Project), Series 2001 (the "Bonds"), the proceeds (
the Company to enable the Company to (i) refinance a construction loan th
used to (a) finance the cost of acquisition, construction, fumishing and e
within the County of an approximately 69-unit assisted living facility an~
located at 2909 25th Street South, within the corporate limits of St. Lt
"Project"), (b) fund capitalized interest, and (c) provide working capital, (
credit that will secure a portion of the Bonds, and (iii) pay a portion of the
The Project will be owned by Sage Living Center of Fort Pierce I, LLC (tl
limited 1/ability company, the sole member of which is Sage Living
nonprofit corporation which has been determined by the Internal Re
exempt organization pursuant to Section 501(c)(3) of the Internal Re'
amended. The Project will be managed by Covenant Management Group,
B. The approval requested by the Company is to comply ~
Section 147(0 of the Internal Revenue Code of 1986, as amended (the
requires the approval by the Board of the issuance of the Bonds after a pul
has been held.
C. The Board on the date hereof has held a public hearing
published pursuant to the public approval requirements of Section 147(f)
the proof of publication of the notice is attached hereto as Exhibit A.
COURT - SAINT LUOIE COUNTY
AGE 1273
EVENUE
'S (SAGE
- L~
~ITY
F SAGE
C; ~
lONERS OF ST. LUCIE
t"), the Board of County
), has been requested by
:, for purposes set forth
aot to exceed $7,000,000
LLC - Lake Forest Park
f which will be loaned to
~ proceeds of which were
tuipping on land located
related facilities on land
:ie County, Florida (the
i) pay costs of a letter of
:ost of issuing the Bonds.
e "Company"), a Florida
Centers, Inc., a Florida
fenue Service to be an
'enue Code of 1986, as
a Florida Corporation.
dth the requirements of
"Code"), which section
,lic hearing on the matter
pursuant to notice duly
of the Code. A copy of
--q
C21Frl
1-a- C
t--4
~ " OR BOOK 1415 PAGE 1274
Section 2. Public Hearing Held. The Board, on this date, ha
convened public hearing pursuant to the provisions and upon the terms a
Section 147(0 of the Code. Anyone who wanted to speak for or against th
of the Bonds was given an opportunity to do so.
Section 3. Approval Of Bonds. The issuance of the Bon&,
purposes of Section 147(0 of the Code.
Section 4. Effective Date. This resolution shall take effe~
adoption.
PASSED AND ADOPTED at a meeting duly called and held this
held a duly called and
~d conditions set forth in
Project and the issuance
is hereby approved for
immediately upon its
day of June,
Clerk of the Circuit
Clerk of the Board of County
Commissioners
officio
ST. LUCIE
APPROVED AS T( FORM AND
By: C'ounTX~7~orn/e~
2
OR BOOK 1418 PAGE l~B~
Exhibit A
Proof of Publication of Notice
OR BOOK 141,3 PAGE 1275
OR BOOK ~" ~ r,.-,~-~-
.~.o rM~c !981
THE TRIBUNE
ST. LUCIE COUNTY, FLORIDA
P.O. Box 69, Fort Pierce, FL 34954-0069
AFFIDAVIT OF PUBLICATION
STATE OF FLORIDA
COUNTY OF ST. LUCIE
Before the undersigned authority personally appeared, Lynn Ferraro, General Manager; Kathy LeClair, Business
Manager or Dorothy Dicks, Advertising Manager of The Tribune, a daily newspaper published at
Fort Pierce in St. Lucie County, Florida; that the attached copy of advertisement was published in
The Tribune in the following issues below. Affiant further says that the said Tribune is a newspaper published
at Fort Pierce in said St. Lucie County, Florida and that the said newspaper has heretofore been continuously
published in said St. Lucie County, Florida daily and distributed in St. Lucie County, Florida, for a pedod of
one year next preceding the first publication of attached copy of advertisement; and affiant further says that
he/she has neither paid nor promised any person, firm or corporation any discount, rebate, commission
or refund for the purpose of securing this advertisement for publication in the said newspaper.
The Tribune has been entered as second class matter at the Post Office in Fort Pierce, St. Lucie County,
Flodda and has been for a period of one year next preceding the first publication of the attached copy of
advertisement.
Ad # Name Date Price Per Day PO #
2167777 SQUIRES, SANDERS & 06 / 09 / 200 I
$185.11
Total $185,11
Subscribed and sworn to me before this date:
o//11/2OOl
Notary