Resolution 1980-203 R-80-203 September 23, 1980
• RESOLUTION AUTHORIZING
TIIE ISSUANCE OF
REVENUE ANTICIPATION NOTE
KELLY ROAD WATER ASSESSMENT FUND
ISSUE OF 1980
WHEREAS, the Board of County Commissioners of Collier County,
Florida is empowered to borrow funds and pledge revenues in
nayment thereof, and finds it is in the public interest to provide
interim financing for improvements to potable water system - Kelly
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Road, in Collier County, Florida.
NOW THEREFORE, BE IT RESOLVED THAT:
The Board of County Commissioners for value received, hereby
will issue a note and promises to pay to the bearer, the principal
sum of fifty thousand and no/100 dollars ($50, 000. 00) , payable
on or before September 24, 1981, with interest computed only to
the date redeemed.
IOW Rnf•h nr4ncipal and interest in this Note are payable in lawful
1 money of the United States of America at the County Courthouse,
. ':iEast Naples, Florida.
The Note is one authorized to be issued to finance the cost
of improvements to potable water. system - Kelly Road, in Collier
County, Florida, under the authority of Chapter 125 of the Florida
Statutes, and a motion duly adopted by the Board of County Commis-
sioners of Collier County, Florida, on September. 23, 1980 .
The Note is payable from and secured by all uncommitted funds
'� other than ad valorem taxes accruing to Collier County, Florida.
It is hereby certified and noted that all acts, conditions,
- and things required to exist, to happen and to be performed precedent
to and in connection with the issuance of the Note, exist, have
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happened and have been performed in regular and due course and
s
form as required by the laws and Constitution of the State of Florida
appliable thereto, and that the issuance of the Note does not violat,:
any constitutional or statutory provisions or limitations.
MK FACE 477
September 23, 1980
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The Note is to be issued September 25, 1980.
Commissioner Archer offered the foregoing Resolution and
a..
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moved it' s adoption, seconded by Commissioner, I'istor and upon
roll call, the vote was:
AYES: Commissioners Archer, Pi.stor, Brown and Wenzel
NAYS : None
ABS?..,-2 ANC ::OT TOTING: Cu.a:L_ssioner Wi.mei
BOARD OF COUNTY COMMISSIONERS
COLLIER COUNTY, FLORIDA
Dated: September 23 , 1980 � //
/ / Commissioner
, ATTEST:
11 WILLIA 1 J. R� ....... * .ERIC
BY: 7t4.1t-s-e-oe -Ye-i- -6‹
Dcjuty .Clerk
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Approv • / o,
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i1 /,Coun Attor.e
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