Resolution 2001-241
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RESOLUTION 2001-.2!L
RESOLUTION APPROVING ISSUANCE BY FLORIDA
DEVELOPMENT FINANCE CORPORA TION OF
INDUSTRIAL DEVELOPMENT REVENUE BONDS IN AN
AMOUNT NOT TO EXCEED $2,400,000 PURSUANT TO
INTERLOCAL AGREEMENT TO FINANCE A
MANUFACTURING FACILITY WITHIN COLLIER
COUNTY; ON BEHALF OF AIR TECHNOLOGY ENGINE,
INC. (OR A SUBSIDIARY THEREOF) FOR A PROJECT
OPERA TED BY AIR TECHNOLOGY ENGINE, INC, (OR A
SUBSIDIARY THEREOF) FOR PURPOSES OF SECTION
147(F) OF INTERNAL REVENUE CODE OF 1986, AS
AMENDED.
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BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF
COLLIER COUNTY, FLORIDA:
Section I. Findings and Recitals. It is hereby found, ascertained, determined, and declared:
A. Florida Development Finance Corporation (the "Issuer") was created by the Florida
Development Finance Corporation Act, Chapter 288, Part IX, Florida Statutes (the "Act"),
which provides, in part that the Issuer may issue revenue bonds to finance projects in Collier
County, (the "County") for the benefit of 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 entered into an inter-local agreement pursuant to the Act in
order to permit the Issuer to issue revenue bonds to finance projects within the County;
C. The Issuer intends to issue bonds in an amount not to exceed $2,400,000 to finance a
manufacturing project (hereinafter "Project") for the benefit of Air Technology Engine, Inc.
(or a subsidiary thereof) in order to construct a 20,000 square foot addition to a facility
located at 2884 South Horseshoe Drive, Naples, Collier County, Florida;
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 has represented to the County that a public hearing will be duly conducted by the
Issuer on June 8, 2001; that notice of such hearing will be given in the form and manner
required by the Code; and that interested individuals will be 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;
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F. The Issuer will file with the County, the minutes of the public hearing containing all comments
and concerns, expressed orally and in writing, at the public hearing held by the Issuer, which
will be attached hereto as exhibit A;
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. For the purposes of Section 147(f) ofthe Code, and other provisions
of law, the Board hereby approves the issuance of the Bonds by the Issuer and the use of the
Bond proceeds to finance the Project in the County.
Section 3. Repealing Clause. All resolutions, ordinance or portions of each in conflict with this
resolution are, to the extent of such contlict, superseded and repealed by the resolution.
BE IT FURTHER RESOLVED that, except for those documents expressly incorporated by
reference into County codes or ordinances, any document, written or published by any agency under
the jurisdiction of the Board of County Commissioners of Collier County, that has previously in any
way served the purpose of complementing or augmenting County codes or oridnances relating to
impact fees by promulgating administrative guidelines or procedures for the calculation, assessment,
or collection of impact fees, is hereby repealed and rescinded by the adoption of this Resolution.
The resolution adopted after motion, second and majority vote favoring same.
Done and effective the r1 ~ x:;t;day of ~ 2001.
ATTEST:
Dwight E. Brock, C!erk
BOARD OF COUNTY COMMISSIONERS
COLLIER COUNTY FLORIDA
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D puty Clerk
Attest as to Chifr.an's
S1gniture onJ1.
Approved as to form and legal sufficiency:
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Patrick G. White, Esq.
Assistant County Attorney
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THERE WERE NO
EXHIBITS SUBMITTED
WITH THIS DOCUMENT
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