HomeMy WebLinkAbout01-240RESOLUTION NO. 0! -o~0
A RESOLUTION OF THE BOARD OF
COMMISSIONERS OF ST. LUCIE COUNTY, FI
PROVIDING FINDINGS; PROVIDING PRELII~
AUTHORIZATION FOR THE FINANCING OF A ROO
MANUFACTURING FACILITY LOCATED IN ST
COUNTY, FLORIDA; PROVIDING AN EFFECTIVE DA
FOR OTHER PURPOSES.
IT IS HEREBY ASCERTAINED, DETERMINED, DECLAREE
A. St. Lucie County, Florida, (the "County"), a county and politic~
of Florida (the "State") by and through its County Commission (the "Corra
the Florida Industrial Development Financing Act, Part II of Chapter 159, I
applicable provisions of law (the "Act"), to issue its industrial developm
use the proceeds thereof to facilitate the financing of certain facilities pn
B. A-1 Roof Trusses Ltd., Company (the "Borrower") desires to {
truss manufacturing facility to be located on the south side of St. Lucie
approximately 200 yards west of the entrance to St. Lucie International
C. The Borrower has requested that the Commission provide p
issuance of the County's industrial development revenue bonds (the "Bon,
an aggregate principal amount not to exceed $4,100,000 to finance a I
Project, including reimbursement of prior expenditures of the Borrower i
D. A determination by the County to issue the Bonds under the Az
thereof to the Borrower to finance a portion of the cost of the Project,
"Financing Agreement") which will provide that payments thereunder sh
pay the principal of, premium, if any, and interest on the Bonds as and w
and payable, together with such other costs in connection therewith a
County, will assist the Borrower in the implementation of the Project.
E. The Bonds shall not constitute an indebtedness of the County
constitutional or statutory limitation of indebtedness, and the full faith a~
of the County will not be pledged to repayment of the Bonds, and the BoJ
from payments by or on behalf of the Borrower pursuant to the Fina
bondholder or other person shall have any right, power or authority to reqq
its taxing power to pay the Bonds or to pay the Bonds from any sources otJ
to the Bonds under the Financing Agreement.
F. A public hearing conceming the Bonds and the Project has bee
date hereof following required notice.
G. Pursuant to the requirements of the Internal Revenue Code
State of Florida it is necessary to apply to the State Division of Bond Fina
private activity bond volume cap.
:OU2qTY
,ORIDA;
{INARY
TRUSS
LUCIE
?E; AND
AND FOUND THAT:
1 subdivision of the State
2isSiOn'') is authorized by
~lorida Statutes, and other
snt revenue bonds and to
,vided for in the Act.
:onstruct and equip a roof
loulevard (Airport Road)
drport (the "Project").
fliminary approval of the
ts") pursuant to the Act in
~ortion of the cost of the
ncurred for such purpose.
:t and to loan the proceeds
under an agreement (the
all be at least sufficient to
hen the same shall be due
may be incurred by the
vithin the meaning of any
~d credit and taxing power
ids shall be payable solely
~cing Agreement, and no
lire the County to exercise
~er than payments pledged
n held by the Board on the
f 1986 and the laws of the
nce for an allocation of the
H. It is intended that this Resolution shall cOnstitute approVal b
issuance of the Bonds within the meaning of Section 147(f) of the Interna~
5~ the Board towards the
Revenue Code of 1986.
Chairman Frannie Hutchinson
Vice Chairman Doug Coward
Commissioner John D. Bmhn
Commissioner Cliff Barnes
Chairman Paula A. Lewis
2
Ltions as the CoUnty may
nited to any requirement
h regard to the financial
NOW, THEREFORE, THE COUNTY COMMISSION OF ~T. LUCIE COUNTY,
FLORIDA, HEREBY RESOLVES THAT: /
1
1. Prior to the issuance of the Bonds, the Commission shall receiv~ evidence satisfactory to
it that the Borrower is financially responsible and fully capable of arid willing to fulfill any
obligations which the Borrower may incur in connection with the tin, racing of the Project as
contemplated by this Resolution.
2. The Board hereby approves the issuance of the Bonds solely for purposes of Section
147(f) of the Internal Revenue Code of 1986.
3. The County Administrator is authorized and directed to execut~, for and on behalf of the
CoUnty, State Division of Bond Finance Form BF-2006-G in connection w [th the Bonds, in the form
attached hereto, completed in any amoUnt not in excess of $4,100,000.
4. This Resolution is intended to constitute a declaration of "o [ficial intent" within the
meaning of Treasury Regulation Section 1.150-2.
6. The issuance of the Bonds shall be subject to such other con~
establish subsequent to adoption of this Resolution, including but not li~
'with regard to the method of sale of the Bonds or any requirement wit
feasibility of the Project.
7. This resolution shall take effect immediately upon adoption by the County Commission.
After motion and second the vote on this resolution was as follox~rs:
PASSED AND DULY ADOPTED this ~ day of October, 2001,
called and held. i:
ST. LUCIE CO~UNTY, FLC
Chairman~3o~d~of {
ATTEST:
' '~c~ee ~'~ BCi~CarU~t C°~'~~'f'fi~i
APPROVED AS TO FORM AND CORRECTNESS:
County Attorney
a regular meeting duly
UDA '
~omity ~r~issioners
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