Agenda 06/09/2009 Item #16F 4
Agenda Item No. 16F4
June 9, 2009
Page 1 of 4
-
EXECUTIVE SUMMARY
Approve an amendment to Resolution 1991-185 autborizing tbe County Manager to appoint from
time to time Collier County's Representation to tbe Florida Local Government Finance
Commission
OBJECTIVE: Provide authorization to the County Manager to appoint from time to time Collier
County's representation to the Florida Local Government Finance Commission.
CONSIDERATIONS: Resolution No. 1991-185 established Collier County's membership in the
Florida Local Government Finance Commission via inter-local agreement and designated that Mr. John
Yonkosky would be one of Collier County's representatives to the body. Budget Director Yonkosky has
and continues to represent Collier County's interest on the Commission.
Currently Budget Director Y onkosky is the only named Collier County representative and it would be
prudent to provide the County Manager with the authority to designate an alternate representative to the
Commission - allowing the alternate to represent the County's interest should that need arise. The
attached amendment to Resolution No. 1991-185 authorizes the County Manager to designate up to two
(2) individuals to represent Collier County on the Commission.
Collier County along with Sarasota County and Brevard County formed the initial Florida Local
Government Finance Commission through an inter-local agreement dated February 19, 1991. The
Commission was created to: 1) provide a vehicle for public agencies to finance or refinance capital
projects at a lower interest cost than might otherwise be available in traditional public finance markets,
and 2) offer participants economies of scale associated with common financings that may not be realized
,.-. through separate financings.
Collier County's commercial paper borrowing through the program has been extensive over the years and
the Commission through its letter of credit provider has provided a vehicle for timely, low interest short
term capital financing.
FISCAL IMPACT: There is no fiscal impact.
GROWTH MANAGEMENT IMPACT: There is no Growth Management Impact.
LEGAL CONSIDERATIONS: There are no legal considerations associated with this executive
summary, it is not quasi-judicial, requires no ex parte disclosure, and requires only a majority vote for
approval-SRT
RECOMMENDATION: That the Board of County Commissioners approve the proposed amendment
to Resolution No. 1991-185, which authorizes the County Manager to appoint, from time to time, Collier
County's representation to the Florida Local Government Finance Commission.
Prepared by: Mark Isackson, Senior Management and Budget Analyst,
Office of Management and Budget
,--
Page 1 of 1
Agenda Item No. 16F4
June 9, 2009
Page 2 of 4
COLLIER COUNTY
BOARD OF COUNTY COMMISSIONERS
Item Number:
16F4
Item Summary:
A resolution of the Board of County Commissioners of Collier County, Florida amending
Resolution No, 91-185; appointing representatives to the Florida Local Government Finance
Commission: and providing an effective date,
Meeting Date:
6/9/2009 9:00:00 AM
Approved By
OMB Coordinator
OMB Coordinator
Date
County Manager's Office
Office of Management & Budget
6/2/20093:22 PM
Approved By
Scott R. Teach
Assistant County Attorney
Date
County Attorney
County Attorney Office
6/2/2009 3:45 PM
Approved By
Mark Isackson
Budget Analyst
Date
County Manager's Office
Office of Management & Budget
6/2/20093:47 PM
Approved By
Leo E. Ochs, Jr.
Deputy County Manager
Date
Board of County
Commissioners
County Manager's Office
612/20094:19 PM
file://C:\AgendaTest\Export\131-June%209,%202009\16.%20CONSENT%20AGENDA\ 16F... 6/3/2009
Agenda Item No. 16F4
June 9. 2009
Page 3 of 4
RESOLUTION 2009-_
RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS OF
COLLIER COUNTY, FLORIDA AMENDING RESOLUTION NO. 91-185;
APPOINTING REPRESENTATIVES TO THE FLORIDA LOCAL
GOVERNMENT FINANCE COMMISSION; AND PROVIDING AN
EFFE<tTIVE DATE.
WIJ1EREAS, the County entered into an Interlocal Agreement, dated F ebroary 19, 1991,
as supplemented by that First Supplemental Interlocal Agreement, dated as of December 1, 1994
(collectively, the "lnterlocal Agreement"), with Sarasota County, Florida, Brevard County,
Florida, Lee County, Florida and Osceola County, Florida, creating the Florida Local
Government Finance Commission (the "Commission"); and
WHlEREAS, the Commission was created to enable public agencies to (1) finance or
refInance capital projects and other governmental needs at interest rates lower than is otherwise
available to; such public agencies and (2) benefIt from the economies of scale associated with a
common financing that may otherwise be unrealized if separate financings were undertaken; and
WH!EREAS, by Resolution No. 91-185 adopted by the County on February 19, 1991,
representatives of the County were appointed to the Commission; and
WHEREAS, the County deems it is its best interests to change the manner in which its
members to the Commission are appointed.
NOW, THEREFORE, BE IT RESOLVED by the Board of County Commissioners of Collier
County, Florida, as follows:
SECTION 1. Authority for the Resolution. This Resolution is adopted
pursuant to the provisions of Chapter 125, Florida Statutes, and other applicable
provisions of law.
SECTION 2. Amendment to Resolution No. 91-185. Section 4 of Resolution
No. 91-185 is hereby amended in its entirety to read as follows:
SECTION 4. APPOINTMENT OF COMMISSION
REPRESENTATIVES. The County Manager is hereby authorized and
directed to designate the County's representative(s) to the Florida Local
Government Finance Commission from time to time, all within the
meaning and intent of the Interlocal Agreement. The County Manager
may designate up to two individuals to represent the County on the
Commission.
SECTION 3. 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
Agenda Item No. 16F4
June 9,2009
Page 4 of 4
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.
SECTION 4. RESOLUTION TO CONTINUE IN FORCE. Except as
herein expressly provided. Resolution No. 91-185 and all the terms and provisions
thereof are and shall remain in full force and effect.
SECTION 5. EFFECTIVE DATE. This Resolution shall become effective
immediately upon its adoption.
DUL Y ADOPTED by the Collier County Board of Commissioners after majority vote on
this 9th day of June. 2009.
AlTEST:
BOARD OF COUNTY COMMISSIONERS
COLLIER COUNTY, FLORIDA
DWIGHT E. BROCK, CLERK
By:
By:
DONNA FIALA. CHAIRMAN
Approved as to form and legal sufficiency:
~tl-R j~ l
Scott R. Teach,
Deputy County Attorney