HomeMy WebLinkAbout20-186RESOLUTION NO.20-186
A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS OF ST.
LUCIE COUNTY, FLORIDA, APPROVING THE ISSUANCE BY THE HOUSING
FINANCE AUTHORITY OF ST. LUCIE COUNTY OF ITS MULTIFAMILY
HOUSING REVENUE BONDS, SERIES 2020 IN THE AGGREGATE AMOUNT
NOT TO EXCEED $9,500,000 TO PROVIDE FUNDS TO FINANCE THE
MULTIFAMILY RESIDENTIAL RENTAL HOUSING PROJECT FOR THE
BENEFIT OF BLUE MCNEIL ONE, LLC, A FLORIDA LIMITED LIABILITY
COMPANY, OR ITS AFFILIATE; AND PROVIDING AN EFFECTIVE DATE.
WHEREAS, the Housing Finance Authority of St. Lucie County, Florida (the "Authority")
has authorized the initiation of official action to issue its Multifamily Housing Revenue Bonds,
Series 2020 (Blue Sky Communities) (the 'Bonds") on behalf of Blue McNeil One, LLC, a Florida
limited liability company, to provide financing or refinancing for the acquisition, construction
and equipping of a residential rental facility to be known as Blue Sky Communities, to consist of
approximately 82 units to be located on McNeil Road, Fort Pierce, Florida; and
WHEREAS, the Authority conducted a public hearing on July 28, 2020, notice of which
hearing was published on July 14, 2020, in the News Tribune (a copy of which notice is attached
hereto as Exhibit "A" and incorporated herein), for the purpose of considering the issuance of the
Bonds by the authority in the aggregate principal amount not to exceed $9.5 million, in
conformance with the requirements of Section 147(f) of the Internal Revenue Code of 1986, as
amended. Said public hearing disclosed no reason why the Bonds should not be issued.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY
COMMISSIONERS OF ST. LUCIE COUNTY, FLORIDA:
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Section 1. This Resolution is adopted pursuant to the requirements of Section 147(f)
of the Internal Revenue Code of 1986, as amended, and other applicable provisions of law.
Section 2. The Board of County Commissioners (the 'Board") of St. Lucie County,
Florida, hereby approves the issuance by the Authority of its not to exceed $9.5 million.
Multifamily Housing Revenue Bonds (Blue Sky Communities), Series 2020, to be issued in one or
more series at one or more times pursuant to a plan of finance approved by the Authority.
Section 3. Nothing contained in this consent and approval shall be deemed to create
any obligation or obligations of St. Lucie County or the Board of County Commissioners.
Section 3. This resolution shall take effect immediately upon its adoption.
Passed and Adopted this 18th day of August, 2020, at a regular meeting called and held.
(SEAL)
ATTEST:
By:
ST. LUCIE COUNTY, FLORIDA
By:
Chair, Board of
County Commissioners
APPROVED AS TO FORM
AND CORRECTNESS -
County Attorney,
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