HomeMy WebLinkAbout18-027RESOLUTION NO. 18-027
WHEREAS, subsequent to the adoption of the St. Lucie County Board of County Commissioners for St.
Lucie County, certain funds not anticipated at the time of adoption of the budget have become available
from the Taxable Non Ad -Valorem Revenue Bonds, Series 2017A, in the amount of $25,730,000, to acquire
real property and existing infrastructure thereon in the King Maritime Terminal within the Port of Fort
Pierce, Florida and acquire a 10% interest in real property located on or near the waterfront (collectively,
the "Project"). Such Project will include, but not be limited to, acquisition of two warehouse structures,
submerged land leases from the State of Florida, and construction of certain improvements thereto.
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 20th day of February, 2018 pursuant to Section 129.06 (d), Florida Statutes that
such funds are hereby appropriated for the fiscal year 2017-2018, and the County's budget is hereby
amended as follows:
REVENUE
240-0000-384100-000 Proceeds from Sales of Bonds $ 259,680
140001-0000-384100-000 Proceeds from Sales of Bonds $25,470,320
$25,730,000
APPROPRIATIONS
240-9950-573100-800 Additional Expenses -Bonds $ 259,680
140001-4310-561000-46507 Land $25,470,320
$25,730,000
After motion and second the vote on this resolution was as follows:
Commissioner Frannie Hutchinson, Chair AYE
Commissioner Linda Bartz, Vice Chair AYE
Commissioner Chris Dzadovsky AYE
Commissioner Cathy Townsend AYE
PASSED AND DULY ADOPTED THIS 20TH DAY OF FEBRUARY 2018.
ATTEST: BOARD OF COUNTY COMMISSIONERS ST
LU IE CO N , FLORIDA
Y:
DEPUTY CLER CHAT
APPROVED AS TO FORM AND
COR
BY: