Loading...
HomeMy WebLinkAbout03-115NEW DOCUMENT RESOLUTION NO. 0~-/],_.6' A RESOkUTION OF THE BOARD OF COUNTY COMMISSIONERS OF ST. LUCIE COUNTY, FLORIDA APPROVII~ G FOR THE PURPOSES OF SECTION 147(f) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED, THE ISSUANCE OF NOT TO EXCEED $3,250,000 OF INDUSTRIAL DEVELOPMENT REVENUE BONDS BY FLORIDA DEVELOPMENT FINANCE CORPORATION TO FINANCE A MANUFACTURING FACILITY WITHIN ST. LUCIE COUNTY; AND PROVIDING AN EFFECTIVE DATE, BE IT RESOLVE) BY THE BOARD OF COUNTY COMMISSIONERS OF ST. LUCIE COUNTY (THE ' BOARD"), FLORIDA: Section 1. declared: Findings and Recitals. It is hereby found, ascertained, determined and A. Florida Development Finance Corporation (the "Issuer") was created by the Florida Development Finance Coq oration Act, Chapter 288, Part IX, Florida Statutes (the "Act"), which provides, in part that the Issuer may issue revenue bonds to finance projects in St. Lucie County (the "County"), for the benefit or'approved Florida businesses to enhance the economic development of the State of Florida, provided that the Issuer has entered into an interlocal agreement with the local governmental agency in which the project will be located; B. The Issuer and the County have previously entered into an interlocal agreement pursuant to the Act and the Florida Interlocal Cooperation Act of 1969, as amended (to the extent that the exercise of such powers is consistent with the purposes of the Act) to permit the Issuer to issue revenue bonds to finance projects located within the jurisdictional limits of the County; C. The Issuer intends to issue revenue bonds in an amount not to exceed $3,250,000 to finance a manufacturing project for the benefit of Atlantic Truss Company L.P., (the "Company"), which project will be located at the following address in the County: East side of Kings Highway, approximately ¼ mile south of St. Lucie Blvd., to be operated by the Company (or a subsidiary thereof)(the "Project"); D. The Internal Revenue Code of 1986, as amended (the "Code"), requires that the Board as the highest elected body of the County, approve the issuance of the bonds by the Issuer after a public hearing has been conducted by the Issuer; E. The Issuer c ~nducted a public hearing within the County on March 21, 2003; notice of such hearing, as evidenced by the attached Exhibit "A," was given in the form and manner required by law and interested individuals were afforded reasonable opportunity to express their views both orally and in writing, on all matters pertaining to the proposed project and the proposed issue of bonds; {OR486025;1 } ,t F. The minutes of the public hearing held by the Issuer, containing all comments and concerns, expressed orally and in writing, are attached hereto as Exhibit "B;" and G. It is desirable and in the best interest of the County that the proposed bonds be approved by the Board. Section 2. Approval of Bonds. Solely for the purposes of Section 147 (f) of the Code, the Board hereby approves the issuance of the proposed bonds by the Issuer and the use of the proceeds to finance the proposed Project in the County. Section 3. Limitation. The bonds approved hereunder and the interest thereon shall not constitute an indebtedness or pledge of the general credit or taxing power of the County, the State of Florida or any political subcivision or agency thereof but shall be payable solely from the revenue pledged therefor pursuant tca loan agreement and/or other financing agreement entered into by the Issuer prior to or contempmaneously with the issuance of the bonds. The approval given herein is solely for the purposes of Section 147(f) of the Code and shall not be construed as an approval of any zoning application or any re >,ulatory permit required in connection with such Project nor creating any vested rights with respect to any land use regulations, and this Board shall not be construed by virtue of its adoption of this Reso ution to have waived, or be estopped from asserting, any authority or responsibilities it may have in that regard. Section 4. Repealing Clause. All restrictions or resolutions or portions thereof in conflict herewith are, to the extent of such conflict, hereby superseded and repealed. Section 5. adoption. Effeetive Date. This resolution shall take effect immediately upon its Upon motion by Doug Coward vote on this 6thday of i~lay John D. Bruhn and seconded by ,the forgoingresolufionwaspassed bythefollowing ,2~0~3. (SEAL) BOARD OF COUNTY COMMISSION. ERS OF ST. LUCIE COUNTY, FLO_.~J~ (.d'~ i...i. Title: ( '~a r ~ ~ Z?:.~; SCRIP -S TREASURE COAS'I PUBLISHING COMPANY Fort Pierce Tribune Port St. Lucia Tribune 600 Edwards Road, Fort Pierce, FL 34982 AFFIr)AVIT OF PUBLICATION STATE OF FLORIDA COUNTY OF ST. LUCIE Before the undersigned authority personally appe ~red, S. Darlene Mailing, who on oath says that she is Classified inside Bales Manager of the Fort Pierce Tribune amd the Port St. Lucia Tribune, a daily newspaper published at For~ Pierce in Bt. Lucia County. Florida: that the ~ttached copy of advertisement was published in the Fort Pierce/Port St. Lucia Tribune in the following iss~Jes below. Affiant further says that the said Fort Pierce/Pod[ St. Lucia Tribune is a newspaper published in Fort Pierce in said St. Lucie County, Florida, and that said newspaper has heretofore been continu,0usly published in said St. Lucia County, Florida daily and distributed in St. Lucia County, Fiodda, for a per~d of one year next preceding the erst publication of the attached copy of advertisement; and aff~ant further says that 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 Fort Pierce Tribune has been ei3~ered as second class matter at the Post Office in Fort Pierce, St. Lucia County, Florida ar,d has been for a period of one year next preceding the first publication of the attached copy of advertisemer t. ~ Coovline ~ Customer Name Date 2646811 ENTERPRISE FLORIDA 03/0612003 Meeting 3/21/03 Subscribed and sworn to me befo'e this date: 03/06/2003 I~4",. MAEY T. BYRN~ ~ Nc~'y Pub~ - StJ~ o~ Iqa~la , -~' ~:~,N~.I Florida Development Finance Corporation Extract from Report of Public Hearing EXTRACT from the rel~ orr of the Public Hearing held at the of~ices of Economic Development Council - St. Lucie County, 540 North California Blvd., Port St. Lucie on March 21, 2003 at 11:00 a.m. regarding the proposed issuance by the Corporation o£ its Industrial Development Revenue Bonds for Atlantic Truss Company, L.P. Present on behalf of the Florida Development Finance Corporation was Louis Laubscher, Executive Director oftke corporation. Also present was Stewart Asmus, President of Atlantic Truss company, Don Root Executive Director Economic Development Council, and Ron Manchek, Lead Developer, Economic Development Council. Mr. Laubscher announced that public notice of the hearing was given according to statutory requirement o:' the Internal Revenue Code # 147(f). No objection to the project was made by any person either at the hearing or by written communication prior to the hearing. The project was found to be an eligible project pursuant to the Florida Development Finance Corporation Act of 1993, as amended, and to have met applicable criteria. For this reason and for economic benefits that will accrue to the community, the l:lorida Development Finance Corporation recommends approval of the Project by the Board of County Commissioners of St. Lucie County and the Governor of Florida.