Backup Documents 06/25/2013 Item #16C 3 ORIGINAL DOCUMENTS CHECKLIST & ROUTINGS PP
TO ACCOMPANY ALL ORIGINAL DOCUMENTS SENT TO C3
THE BOARD OF COUNTY COMMISSIONERS OFFICE FOR SIGNATURE
Print on pink paper. Attach to original document. The completed routing slip and original documents are to be forwarded to the County Attorney Office
at the time the item is placed on the agenda. All completed routing slips and original documents must be received in the County Attorney Office no later
than Monday preceding the Board meeting.
**NEW**ROUTING SLIP
Complete routing lines#1 through#2 as appropriate for additional signatures,dates,and/or information needed. If the document is already complete with the
exception of the Chairman's signature,draw a line through routing lines#1 through#2,complete the checklist,and forward to the County Attorney Office.
Route to Addressee(s) (List in routing order) Office Initials Date
1.
2.
3. County Attorney Office County Attorney Office JAK 6/25/13
4. BCC Office Board of County W\) V4
Commissioners /5 1,\��,��_,
5. Minutes and Records Clerk of Court's Office
PRIMARY CONTACT INFORMATION
Normally the primary contact is the person who created/prepared the Executive Summary. Primary contact information is needed in the event one of the
addressees above,may need to contact staff for additional or missing information.
Name of Primary Staff Jeffrey A. Kl tzkow,County Attorney Phone Number 252-8400
Contact/ Department
Agenda Date Item was 6/25/13 Agenda Item Number 16-C-3
Approved by the BCC
Type of Document Resolution/ CWS Resolution Number of Original One
Attached Documents Attached
PO number or account n/a
number if document is
to be recorded
INSTRUCTIONS & CHECKLIST
Initial the Yes column or mark"N/A"in the Not Applicable column,whichever is Yes N/A(Not
appropriate. (Initial) Applicable)
1. Does the document require the chairman's original signature? JAK
2. Does the document need to be sent to another agency for additional signatures? If yes, JAK
provide the Contact Information(Name;Agency;Address;Phone)on an attached sheet.
3. Original document has been signed/initialed for legal sufficiency. (All documents to be JAK
signed by the Chairman,with the exception of most letters,must be reviewed and signed
by the Office of the County Attorney.
4. All handwritten strike-through and revisions have been initialed by the County Attorney's JAK
Office and all other parties except the BCC Chairman and the Clerk to the Board
5. The Chairman's signature line date has been entered as the date of BCC approval of the JAK
document or the final negotiated contract date whichever is applicable.
6. "Sign here"tabs are placed on the appropriate pages indicating where the Chairman's JAK
signature and initials are required.
7. In most cases(some contracts are an exception),the original document and this routing slip JAK
should be provided to the County Attorney Office at the time the item is input into SIRE.
Some documents are time sensitive and require forwarding to Tallahassee within a certain
time frame or the BCC's actions are nullified. Be aware of your deadlines!
8. The document was approved by the BCC on 6/25/13 and all changes made during the JAK
meeting have been incorporated in the attached document. The County Attorney's
Office has reviewed the changes,if applicable.
9. Initials of attorney verifying that the attached document is the version approved by the JAK
BCC,all changes directed by the BCC have been made,and the document is ready for e ,�
Chairman's signature.
Gr.), rF 74-A
I:Forms/County Forms/BCC Forms/Original Documents Routing Slip WWS Original 9.03.04,Revised 1.26.05,Revised 2.24.05;Revised-11/-3011?
16 C3
Ann P. Jennejohn
From: NeetVirginia <VirginiaNeet @colliergov.net>
Sent: Tuesday,June 25, 2013 4:07 PM
To: Ann P.Jennejohn
Subject: RE: Resolution 2013-132 (CWS Resolution 2013-02)
Thank you
From: Ann P. Jennejohn [mailto:Ann.Jennejohn@collierclerk.com]
Sent: Tuesday, June 25, 2013 4:06 PM
To: NeetVirginia
Subject: Resolution 2013-132 (CWS Resolution 2013-02)
Hi Dinny,
Attached is an executed copy of Resolution 2013-132/CWS 2013-02
adopted by the Board today (Agenda Item #16C3)
I'll send you a copy of #11B a.s.a.p., also.
Ann Jennejohn, Deputy Clerk
Clerk of the Circuit Court
Clerk of the Value Adjustment Board
Collier County Minutes & Records Dept.
239-252-8406
239-252-8408 (Fax)
Please visit us on the web at www.collierclerk.com
This electronic communication is confidential and may contain privileged information intended solely for the named addressee(s). It may not
be used or disclosed except for the purpose for which it has been sent. If you are not the intended recipient, you must not copy,distribute or
take any action induced by or in reliance on information contained in this message.
Unless expressly stated, opinions in this message are those of the individual sender and not of the Office of the Clerk of the Circuit Court of
Collier County. If you have received this communication in error, please notify the Clerk's Office by emailing helpdesk@acollierclerk.com
quoting the sender and delete the message and any attached documents.The Collier County Clerk's Office accepts no liability or responsibility
for any onward transmission or use of emails and attachments having left the CollierClerk.com domain.
Under Florida Law, e-mail addresses are public records. If you do not want your e-mail address released in response to
a public records request, do not send electronic mail to this entity. Instead,contact this office by telephone or in writing.
Under ida Law,e mai!addresses are pubilc r..00rds,If you do not wantt your n mail address r &easttd io response to a public.,c..;rds request,do.-iot send
eieidrodW mail to this entity instead,contact this office by telephone or in writingg.
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RESOLUTION 201311 /CWS RESOLUTION 2013-_2
A RESOLUTION SUPPLEMENTING RESOLUTION NO.
CWS-85-13 IN CERTAIN RESPECTS, WHICH
RESOLUTION NO. CWS-85-13, AMONG OTHER
THINGS, RESTATED RESOLUTION NO. CWS-85-5 IN
ITS ENTIRETY AND AUTHORIZED THE ISSUANCE BY
THE COLLIER COUNTY WATER-SEWER DISTRICT OF
WATER AND SEWER REVENUE BONDS FROM TIME
TO TIME; AUTHORIZING THE CURRENT REFUNDING
OF THE COLLIER COUNTY WATER-SEWER DISTRICT
WATER AND SEWER REFUNDING REVENUE BONDS,
SERIES 2003B; AUTHORIZING THE ISSUANCE OF NOT
EXCEEDING $18,000,000 PRINCIPAL AMOUNT OF
COLLIER COUNTY WATER-SEWER DISTRICT WATER
AND SEWER REFUNDING REVENUE BOND, SERIES
2013 IN ORDER TO EFFECT SUCH REFUNDING;
AUTHORIZING A NEGOTIATED SALE OF SAID BOND
PURSUANT TO THE PROPOSAL OF PNC BANK,
NATIONAL ASSOCIATION; DELEGATING CERTAIN
AUTHORITY TO THE CHAIRWOMAN IN
CONNECTION WITH THE APPROVAL OF THE TERMS
AND DETAILS OF SAID BOND; APPOINTING THE
CLERK AS PAYING AGENT AND REGISTRAR FOR
SAID BOND; AUTHORIZING THE EXECUTION AND
DELIVERY OF AN ESCROW DEPOSIT AGREEMENT
AND APPOINTMENT OF AN ESCROW AGENT
THERETO; AND PROVIDING AN EFFECTIVE DATE.
BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF
COLLIER COUNTY, FLORIDA, ACTING AS THE EX-OFFICIO GOVERNING
BOARD OF THE COLLIER COUNTY WATER-SEWER DISTRICT:
SECTION 1. FINDINGS. It is hereby found and determined that:
(A) On July 30, 1985, the Board of County Commissioners of Collier County,
Florida, acting as the ex-officio governing board (the "Governing Body") of the Collier
County Water-Sewer District (the "Issuer") duly adopted Resolution No. CWS-85-5, as
amended and restated by Resolution No. CWS-85-13 duly adopted on December 26,
1985, as amended and supplemented (collectively, the "Resolution"), for the purposes
described therein.
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(B) The Issuer previously issued its Collier County Water-Sewer District Water
and Sewer Refunding Revenue Bonds, Series 2003B (the "Series 2003B Bonds")
pursuant to the Resolution for the purpose of refunding certain outstanding indebtedness
of the Issuer.
(C) The Resolution provides for the issuance of Additional Bonds, payable on a
parity with Bonds Outstanding (as such terms are defined in the Resolution) under the
Resolution (the "Outstanding Parity Bonds"), for the purpose of current refunding all of
the Series 2003B Bonds (the "Refunded Bonds"), upon meeting certain requirements set
forth in the Resolution.
(D) The Issuer deems it to be in its best interest to issue its Collier County
Water-Sewer District Water and Sewer Refunding Revenue Bond, Series 2013 (the
"Series 2013 Bond") for the principal purpose of current refunding the Refunded Bonds
in order to achieve debt service savings, which Series 2013 Bond shall be issued on parity
in all respects with the Outstanding Parity Bonds pursuant to the terms of the Resolution.
(E) For the refunding of the Refunded Bonds, the Issuer shall, as provided
herein, deposit part of the proceeds derived from the sale of the Series 2013 Bond,
together with other legally available moneys of the Issuer, in a special escrow deposit
trust fund (the "Escrow Fund"), which shall be sufficient to pay the Refunded Bonds as
the same mature or are redeemed prior to maturity, all as provided herein and in the
hereinafter described Escrow Deposit Agreement. Subsequent to the defeasance of the
Refunded Bonds, the Refunded Bonds shall no longer be payable from or be secured by
any portion of the Pledged Funds.
(F) Pursuant to Resolution 2013-128 /CWS Resolution 2013-01 adopted on
June 11, 2013, the Governing Body accepted the proposal of PNC Bank, National
Association (including any successors thereof, "the Purchaser") for the purchase of the
Series 2013 Bond (the "Proposal").
(G) Due to the potential volatility of the market for tax-exempt obligations such
as the Series 2013 Bond and the complexity of the transactions relating to such Series
2013 Bond, it is in the best interest of the Issuer to sell the Series 2013 Bond by a
negotiated sale to the Purchaser pursuant to the Proposal and the provisions hereof and of
the Resolution, rather than at a specified advertised date, thereby permitting the Issuer to
obtain the best possible price, terms and interest rate for the Series 2013 Bond.
(H) The Issuer hereby certifies that it is current in all deposits into the various
funds and accounts established by the Resolution and all payments theretofore required to
have been deposited or made by the Issuer under the provisions of the Resolution have
been deposited or made and the Issuer has complied with the covenants and agreements
of the Resolution and is not currently in default under the Resolution.
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(I) The Resolution provides that the Series 2013 Bond shall mature on such
dates and in such amounts, shall bear such rates of interest, shall be payable in such
places and shall be subject to such redemption provisions as shall be determined by
Supplemental Resolution adopted by the Issuer; and it is now appropriate that the Issuer
determine certain of such provisions, terms and details and establish the mechanisms for
determining the remaining provisions, terms and details.
(J) The Series 2013 Bond shall not be or constitute a general obligation or
indebtedness of the Issuer as a "bond" within the meaning of any constitutional or
statutory provision but shall be a special obligation of the Issuer, payable solely from and
secured by a lien upon and pledge of the Pledged Funds, in the manner and to the extent
provided in the Resolution.
(K) The covenants, pledges and conditions in the Resolution shall be applicable
to the Series 2013 Bond herein authorized and said Series 2013 Bond shall be on a parity
with and rank equally as to the lien on and source and security for payment from the
Pledged Funds and in all other respects with the Outstanding Parity Bonds, and shall
constitute a "Bond" within the meaning of the Resolution.
SECTION 2. DEFINITIONS. When used in this Supplemental
Resolution, the terms defined in the Resolution shall have the meanings therein stated,
except as such definitions shall be hereinafter amended and defined.
SECTION 3. AUTHORITY FOR THIS SUPPLEMENTAL
RESOLUTION. This Supplemental Resolution is adopted pursuant to the provisions of
the Act.
SECTION 4. AUTHORIZATION OF THE CURRENT REFUNDING
OF THE REFUNDED BONDS; ACCEPTANCE OF PROPOSAL. (A) The Issuer
hereby authorizes the current refunding of the Refunded Bonds for the purpose of
achieving debt service savings.
(B) The Issuer hereby accepts the Proposal of the Purchaser and the provisions
of the Proposal are hereby incorporated herein by reference.
SECTION 5. AUTHORIZATION AND DESCRIPTION OF THE
SERIES 2013 BOND. The Issuer hereby authorizes the issuance of a Series of Bonds in
the principal amount of not exceeding $18,000,000 to be known as the "Collier County
Water-Sewer District Water and Sewer Refunding Revenue Bond, Series 2013" (or such
other designation as the Chairwoman may determine), for the principal purpose of
refunding, on a current basis, the Refunded Bonds. The principal amount of the Series
2013 Bond to be issued pursuant to the Resolution shall be determined by the
Chairwoman, upon the advice of the Issuer's Financial Advisor, provided such principal
amount does not exceed the amount provided above. The Series 2013 Bond shall be on
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parity in all respects and shall rank equally as to lien on and source and security for
payment from the Pledged Funds with the Outstanding Parity Obligations.
The Series 2013 Bond shall be dated as of its date of issuance, or such other date
as the Chairwoman may determine, shall be issued in the form of one fully registered
Bond in the denomination of its principal amount and shall be numbered "R-1." The
Series 2013 Bond shall bear interest from its dated date at a fixed interest rate of 1.47%
per annum (the "Interest Rate"). The Interest Rate shall be calculated on the basis of a
360-day year consisting of twelve 30-day months. Interest on the Series 2013 Bond shall
be payable semi-annually, on January 1 and July 1 of each year (the "Interest Payment
Dates"), commencing on January 1, 2014. The Series 2013 Bond shall be issued as a
single Term Bond with a final maturity of July 1, 2021 and shall be subject to mandatory
sinking fund redemption in such Sinking Fund Installments commencing on July 1, 2014
and on each July 1 thereafter through the maturity date of the Series 2013 Bond,
determined by the Chairwoman, upon the advice of the Issuer's Financial Advisor, and
approved by the Purchaser prior to the issuance of the Series 2013 Bond. The Series
2013 Bond shall be sold on a negotiated basis to the Purchaser at a purchase price equal
to 100% of the aggregate principal amount thereof. The Purchaser shall provide the
Issuer with an executed Disclosure Letter and Truth-in-Bonding Statement as required by
Section 218.385, Florida Statutes, prior to the issuance of the Series 2013 Bond, in
substantially the form attached hereto as Exhibit A. The Interest Rate on the Series 2013
Bond shall comply in all respects with Section 215.84, Florida Statutes. For purposes of
the Resolution, "Bond Year" shall mean the period commencing on July 1 of each year
and continuing through the next succeeding June 30.
The Series 2013 Bond shall be payable as to principal and interest by check, draft,
bank wire transfer or in such other manner as is agreed to between the Issuer and the
holder of the Series 2013 Bond in whose name the Series 2013 Bond shall be registered
on the registration books maintained by the Issuer as of the close of business on the
fifteenth day (whether or not a business day) of the calendar month next preceding an
Interest Payment Date; provided, that the registered owner of the Series 2013 Bond shall
present and surrender the Series 2013 Bond to the Issuer for the final payment of the
principal of the Series 2013 Bond or shall provide other evidence that such Series 2013
Bond has been cancelled. Principal of and interest on the Series 2013 Bond shall be
payable in any coin or currency of the United States of America, which at the time of
payment, are legal tender for the payment of public and private debts. The Series 2013
Bond shall be substantially in the form set forth in Section 2.10 of the Resolution.
SECTION 6. PREPAYMENT PROVISIONS FOR SERIES 2013
BOND. The Series 2013 Bond shall be subject to prepayment, in whole or in part, on
any date at the option of the Issuer, at the Prepayment Price (as defined below) plus
interest accrued on the amount being prepaid to the date of prepayment. Prepayment in
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part shall be applied against scheduled payments of Sinking Fund Installments in inverse
order.
"Prepayment Price" means the principal amount of the Series 2013 Bond being
prepaid plus an amount equal to the present value, if positive, of the product of (a) the
difference between (i) the yield, on the beginning date of the Applicable Interest Period
(as defined herein), of a U.S. Treasury obligation with a maturity the same or
substantially similar to the Applicable Interest Period minus (ii) the yield on the
prepayment date, of a U.S. Treasury obligation with a maturity the same or substantially
similar to the remaining maturity of the Applicable Interest Period, and (b) the principal
amount to be prepaid, and (c) the number of years, including fractional years, from the
prepayment date to the end of the Applicable Interest Period. The yield on any U.S.
Treasury obligation shall be determined by reference to Federal Reserve Statistical
Release H.15(519) "Selected Interest Rates." For purposes of making present value
calculations, the yield, on the beginning date of the Applicable Interest Period, of a U.S.
Treasury obligation with a maturity the same or substantially similar to the Applicable
Interest Period shall be deemed the discount rate. For purposes of determining the
Prepayment Price, a separate calculation shall be made with respect to each principal
payment date (and the final maturity date) with respect the portion of the Series 2013
Bond prepaid, using the Applicable Interest Period, and the sum of such calculations shall
be the Prepayment Price.
"Applicable Interest Period" means the period from the date of issuance of the
Series 2013 Bond to the final maturity date of the Series 2013 Bond.
SECTION 7. APPLICATION OF SERIES 2013 BOND PROCEEDS.
The proceeds derived from the sale of the Series 2013 Bond shall be applied by the Issuer
simultaneously with the delivery thereof as follows:
(A) A sufficient amount of Series 2013 Bond proceeds, together with other
legally available moneys of the Issuer, shall be deposited irrevocably in trust in the
Escrow Fund established under the terms and provisions of the hereinafter defined
Escrow Deposit Agreement to pay the principal of, Redemption Price, if applicable, and
interest on the Refunded Bonds as the same mature and become due and payable or are
redeemed prior to maturity.
(B) A sufficient amount of the Series 2013 Bond proceeds shall be applied to
the payment of costs and expenses relating to the issuance of the Series 2013 Bond.
SECTION 8. TRANSFER OF CERTAIN MONEYS. The Refunded
Bonds will be refunded from proceeds of the Series 2013 Bond and from other legally
available funds of the Issuer. Any excess moneys on deposit in the Sinking Fund
established for the benefit of the Refunded Bonds pursuant to the Resolution and not
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required to remain on deposit therein shall be transferred to the Escrow Fund established
pursuant to the Escrow Deposit Agreement.
SECTION 9. APPOINTMENT OF PAYING AGENT AND
REGISTRAR. The Clerk is hereby designated Registrar and Paying Agent for the
Series 2013 Bond.
SECTION 10. AUTHORIZATION TO EXECUTE ESCROW DEPOSIT
AGREEMENT. The Issuer hereby authorizes and directs the Chairwoman to execute
and the Clerk to attest an escrow deposit agreement (the "Escrow Deposit Agreement")
and to deliver the Escrow Deposit Agreement (the "Escrow Agreement") to The Bank of
New York Mellon Trust Company, N.A., Jacksonville, Florida, which is hereby
appointed as Escrow Agent. The Escrow Deposit Agreement shall be in substantially the
form of the Escrow Agreement attached hereto as Exhibit b with such changes,
amendments, modifications, omissions and additions, including the date of such Escrow
Agreement, as may be approved by said Chairwoman. Execution by the Chairwoman of
the Escrow Agreement shall be deemed to be conclusive evidence of approval of such
changes.
SECTION 11. DETERMINATION OF TAXABILITY. While the Series
2013 Bond remains Outstanding, upon the occurrence of a Determination of Taxability
(as defined below), the interest rate shall be adjusted in such manner as shall be
determined by the Purchaser, absent manifest error, as shall be necessary to provide to the
Purchaser an after-tax yield on the then outstanding principal amount of the Series 2013
Bond equal to the after-tax yield to the Purchaser, if such Determination of Taxability
had not occurred, from the date such interest must be included in such gross income,
whereupon the Issuer shall reimburse the Purchaser for the difference between (a) the
interest then due computed at the adjusted rate, and (b) the interest previously paid on the
Series 2013 Bond at the unadjusted rate, along with all costs, expenses, penalties,
attorneys fees and all other losses incurred by the Purchaser as a result of such
Determination of Taxability (but not due to any negligent delay of the Purchaser), within
30 days after the date a written notice (including a copy of the Determination of
Taxability) is delivered by the Purchaser to the Issuer stating that such a determination
has been made and stating the amount that is then due. The obligation to pay such
additional interest and such other costs, expenses, penalties, attorney's fees and other
losses shall survive the payment of the principal of the Series 2013 Bond but shall be
payable solely from Pledged Funds in the manner and to the extent described in the
Resolution. "Determination of Taxability" means a final determination by the Internal
Revenue Service that any interest portion of the Series 2013 Bond is includable in the
gross income of the Purchaser under the Code.
SECTION 12. DEFAULT RATE. Upon and during the continuance of an
Event of Default under Section 7.01(A) of the Resolution, the interest rate on the Series
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2013 Bond shall adjust to the Default Rate as of the date of the occurrence. "Default
Rate" means the lesser of(a) the maximum rate permitted by applicable law, and (b) the
Prime Rate plus 3.00% per annum. "Prime Rate" means that index rate of interest which
the Purchaser from time to time announces as its prime lending rate, which rate is an
index rate for guidance to loan officers and is not necessarily the best or lowest rate
charged borrowing customers of the Purchaser, or if such rate is no longer announced,
such comparable prime rate as shall be published in the Wall Street Journal.
SECTION 13. REPORTING FINANCIAL INFORMATION. As soon as
available, but not later than 180 days following the end of each Fiscal Year, the Issuer
shall provide the Purchaser with its Comprehensive Annual Financial Report which will
include the Issuer's annual audited financial statements. Upon request of the Purchaser,
the Issuer shall provide the Purchaser with a certificate of an authorized officer of the
Issuer certifying that the Issuer is not in default with respect to any provision of the
Resolution and that the Issuer is in compliance with all of the covenants contained in the
Resolution. The Issuer shall provide the Purchaser with its annual budget within 30 days
of adoption and shall provide the Purchaser with other information relating to the Series
2013 Bond or the security with respect thereto upon reasonable request.
SECTION 14. GENERAL AUTHORITY. The members of the Governing
Body of the Issuer, the County Manager, the Clerk and the officers, attorneys and other
agents or employees of the Issuer are hereby authorized to do all acts and things required
of them by this Supplemental Resolution, the Resolution or the Escrow Agreement, or
desirable or consistent with the requirements hereof or the Resolution or the Escrow
Agreement for the full punctual and complete performance of all the terms, covenants
and agreements contained herein or in the Series 2013 Bond, the Resolution and the
Escrow Agreement and each member, employee, attorney and officer of the Issuer and
the Clerk is hereby authorized and directed to execute and deliver any and all papers and
instruments and to be and cause to be done any and all acts and things necessary or
proper for carrying out the transactions contemplated hereunder. In the event the
Chairwoman is absent or unavailable to perform any function or duty hereunder the Vice-
Chairman is hereby authorized to perform any and all of such functions or duties. Bond
Counsel and the Issuer's Financial Advisor are hereby authorized and directed to take all
action necessary and desirable to carryout the intent and purposes of this Supplemental
Resolution.
SECTION 15. MODIFICATION OR AMENDMENT OF THIS
SUPPLEMENTAL RESOLUTION. No modification or amendment of this
Supplemental Resolution or of any resolution amendatory thereof or supplemental
thereto, may be made without the consent in writing of the Purchaser.
SECTION 16. WAIVER OF JURY TRIAL; APPLICABLE LAW AND
JURISDICTION. (A) To the extent permitted by applicable law, the Issuer, knowingly,
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voluntarily and intentionally waives any right it may have to a trial by jury in respect of
any litigation based on, or arising out of, under or in connection with the Resolution, the
Series 2013 Bond or any agreement contemplated to be executed in connection the
Resolution, or any course of conduct, course of dealing, statements (whether verbal or
written) or actions of the Issuer or the Purchaser.
(B) The substantive laws of the State of Florida shall govern the Resolution. The
Issuer submits to the jurisdiction of Florida courts and federal courts and agrees that
venue for any suit concerning this Resolution shall be in Collier County, Florida and the
Middle District of Florida.
SECTION 17. SEVERABILITY AND INVALID PROVISIONS. If any
one or more of the covenants, agreements or provisions herein contained shall be held
contrary to any express provision of law or contrary to the policy of express law, though
not expressly prohibited or against public policy, or shall for any reason whatsoever be
held invalid, then such covenants, agreements or provisions shall be null and void and
shall be deemed separable from the remaining covenants, agreements or provisions and
shall in no way affect the validity of any of the other provisions hereof or of the Series
2013 Bond.
SECTION 19. RESOLUTION TO CONTINUE IN FORCE. Except as
herein expressly provided, the Resolution and all the terms and provisions thereof are and
shall remain in full force and effect.
SECTION 20. DATE. This Supplemental Resolution shall become effective
immediately upon its adoption.
[Remainder of page intentionally left blank]
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DULY ADOPTED, in Regular Session this 25th day of June, 2013.
ATTEST: BOARD OF COUNTY COMMISSIONERS
DWIGHT E. BROCK, CLERK COLLIER COUNTY, FLORIDA, AS THE EX-
OFFICIO CHAIRWOMAN OF THE
GOVERNING BOARD OF HE COLLIER
COUNTY ,1 • TER-SEWE':DISTRICT
/ ,
By By:
De - Johnssen, Deputy Clerk G: • ' IA A. HILLER, ESQ., '" ''
C • RWOMAN
Appr ved as o form
and lga u P icienc :
r I!
Jeffre 1 • 1 7 kow
Count ' •` lLrney
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5
CERTIFICATE AS TO SIGNATURES AND OTHER MATTERS
We, the undersigned, DO HEREBY CERTIFY as follows:
1. That we did heretofore cause to be officially executed the obligation
described in Schedule A attached hereto (the "Bond") of the Collier County Water-Sewer
District (the "District").
2. That Georgia Hiller, Chairwoman of the Board of County Commissioners
of Collier County, Florida and Ex-Officio Chairwoman of the Governing Board of the
District, has executed the Bond by her manual signature, and that said Chairwoman was
on the date she signed the Bond and is now the duly chosen, qualified and acting
Chairwoman of the District.
3. That we have caused the official seal of the District to be imprinted on the
Bond, said seal imprinted hereon being the official seal of the District, and that Dwight E.
Brock, Clerk of the Board of County Commissioners of Collier County, Florida and Ex-
Officio Clerk of the Governing Board of the District, has caused such seal to be attested
by his manual signature with respect to the Bond, and that said Dwight E. Brock was on
the date he signed the Bond and is now the duly elected and acting Ex-Officio Clerk of
the District.
4. That the seal which has been impressed on or otherwise reproduced on the
Bond and upon this certificate is the legally adopted, proper and only seal of the District.
5. Since September 30, 2012, no material adverse change has occurred with
respect to the Pledged Funds (as defined in Resolution No. CWS-85-5 adopted on July
30, 1995, as restated, amended and supplemented (the "Resolution")).
6. The District shall provide PNC Bank notice of any continuing disclosure
filings that the District makes with respect to the Bond, the Pledged Funds or the System
(as defined in the Resolution) in accordance with Rule 15c2-12 promulgated under the
Securities Exchange Act of 1934.
[Remainder of page intentionally left blank]
1603
IN WITNESS WHEREOF, we have hereunto set our hands and affixed the
official seal of the District as of this 27th day of June, 2013.
(SEAL)
SA! . Title of Office Term Office Expires
o,r w� p `' Chairwoman January 2014
g/ ry
ii'_;, ,--',i&!: .. - Clerk January 2017
Appr aa'a 4 forii"
and le jPicy
:
Jeff Klat o ''r
County a� o� ey
2
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SCHEDULE A
$17,769,080
COLLIER COUNTY WATER-SEWER DISTRICT
WATER AND SEWER REFUNDING REVENUE BOND,
SERIES 2013
The Series 2013 Bond is dated as of June 27, 2013 and is payable as to interest
commencing January 1, 2014 and semi-annually thereafter on July 1 and January 1 of
each year, through and including its maturity on July 1, 2021. The Series 2013 Bond
bears interest at the rate of 1.47% per annum. The Series 2013 Bond is subject to
mandatory sinking fund redemption prior to maturity, on July 1, 2014 and on each July 1
thereafter, at a redemption price equal to the principal amount of the Series 2013 Bond or
portions thereof to be redeemed, plus interest accrued thereon to the date of redemption,
on July 1, in the following years and in the following Sinking Fund Installments:
Year Sinking Fund Installments
2014 $4,246,992.00
2015 4,312,275.00
2016 2,169,415.00
2017 1,369,430.00
2018 1,389,061.00
2019 1,410,480.00
2020 1,428,464.00
2021* 1,442,963.00
*Maturity
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EXHIBIT A
FORM OF DISCLOSURE LETTER AND TRUTH-IN-BONDING STATEMENT
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EXHIBIT B
FORM OF ESCROW DEPOSIT AGREEMENT