HomeMy WebLinkAbout00-01 - ErosionRESOLUTION NO. 00-01
A RESOLUTION PROVIDING FOR THE APPLICATION OF
REMAINING MONEYS IN THE SINKING FUND ESTABLISHED
PURSUANT TO RESOLUTION NO. 68-4; PROVIDING AN
EFFECTIVE DATE
BE IT RESOLVED by the Board of County Commissioners of St. Lucie County, Florida,
ex officio the District Board and goveming body of the St. Lucie County Erosion District (the
"Board") that:
Section 1. Authority For This Resolution. This resolution is adopted pursuant to the
provision of Chapter 67-2001, Laws of Florida, Special Acts of 1967 (the !'Act"), Resolution No.
68-4 of the Board, adopted July 3, 1968 (the "Bond Resolution"), and other applicable provisions
of law.
Section 2. Findings. It is hereby found, determined, and declared by the Board as follows:
A. The Bond Resolution provided for the creation ora Sinking Fund into which proceeds
of the ad valorem taxes (the "Tax") levied and collected to pay the principal of and interest on
$650,000 General Obligation Bonds, dated April 1, 1998 (the "Bonds") was to be and was deposited.
B. The Bonds have been paid in full, and there is remaining in the Sinking Fund the sum
of approximately $10,000. The Bond Resolution is silent as to the dispositiOn of moneys remaining
in the Sinking Fund after the payment of the Bonds, but, in Section 8, does provide for the deposit
into the Erosion Control Fund of "other available moneys."
C. Deposit of the remaining Sinking Fund moneys into the Erosion Control Fund would
further the purposes for which the Bonds were issued and for which the Tax was levied and
cOllected.
Section 3. Disposition Of Sinking Fund Moneys. The Board hereby authorizes and directs
the transfer of the moneys remaining in the Sinking Fund to the Erosion Control Fund.
Section 4. Effective Date. This resolution shall take effect immediately upon its adoption.
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(SEAL)
PASSED AND ADOPTED this 14th day of March, 2000.
ST. LUCIE COUNTY, FLORIDA
Chairman of the Erosion District
ATTEST:
Clerk~ of~e Circuit ~ourt, ~fficiff
Clerk of the Board
APPROVED AS TO FORM AND
CORRECTNESS:
County Attomey
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