Resolution 1999-145
\Cp:[j.
.~
RESOLUTION NO. 99- 145
A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS OF
COLLIER COUNTY, FLORIDA APPROVING THE ISSUANCE AND
SALE OF REVENUE BONDS BY THE COLLIER COUNTY
INDUSTRIAL DEVELOPMENT AUTHORITY, AS REQUIRED BY
SECTION 147(1) OF THE INTERNAL REVENUE CODE, AS AMENDED;
REPEALING RESOLUTION 99-76; AND PROVIDING FOR OTHER
RELATED MATTERS.
Whereas, the Collier County Industrial Development Authority (the "Authority") is a
body corporate and politic of Collier County, Florida ("Collier County") created by Collier
County Resolution No. 79-34 duly adopted by the Board of County Commissioners on February
27,1979 pursuant to Part III of Chapter 159, Florida Statutes, as amended, with the power to
issue revenue bonds for the purposes of financing a "project" as defined in Part II of Chapter
159, Florida Statutes, as amended; and
Whereas, Community Health Care, Inc. (the "Corporation") and Marco Island Hospital,
Inc. (the "Hospital"), each a Florida not-for-profit corporation, and each owning or operating
certain facilities located within the boundaries of Collier County, Florida, have requested the
Authority to issue its Health Care Facilities Revenue Bonds (Community Health Care, Inc.
Obligated Group), Series 1999A and Health Care Facilities Revenue Bonds (Community Health
Care, Inc. Obligated Group), Series 1999C in an aggregate principal amount not to exceed
$17,000,000 (the "Bonds") for the purpose of making a loan to the Corporation and the Hospital
for the purpose of providing funds, together with other available funds, to (a) finance a portion of
the cost of constructing and equipping a two-story, approximately 24,000 square foot building, a
portion of which will be used as a health care facility, which will include a cardiac wellness
center and space for outpatient rehabilitation services, together with related site improvements
(the "Marco Island Project"), (b) refinance certain interim indebtedness incurred in connection
with (1) the refinancing of a commercial bank loan the proceeds of which were used to construct
and equip a two-story, approximately 39,000 square foot building which houses a medical clinic
operated by Collier Health Services, Inc., a Florida corporation not for profit, a laboratory,
various administrative offices and various social service agency offices (the "Immokalee Health
Park Project") and (2) the financing ofa portion of the cost of the Marco Island Project, (c)
refinance certain additional interim indebtedness incurred in connection with the financing of a
portion of the cost of the Marco Island Proj ect, (d) refinance certain indebtedness incurred in
connection with the acquisition of certain real property (the "Marco Island Land Acquisition
Project"), (e) refinance certain interim indebtedness incurred in connection with the acquisition
of a two-story, approximately 162,000 square foot building, a portion of which is used as a
medical plaza which houses a wellness center, space for outpatient rehabilitation services,
laboratory facilities, physician offices, clinical space and various administrative offices (the
"Grand Central Station Project"), and (I) pay certain expenses incurred in connection with the
issuance of the Bonds, including certain fees and expenses incurred in connection with credit
enhancement for the Bonds; and
Whereas, Section 147(1) of the Internal Revenue Code of 1986, as amended (the "Code"),
provides that the elected legislative body of the governmental unit which has ju .
the area in which the facility financed with the proceeds of tax-exempt bonds is oc
M
. IS 0 l(..rz)L,\
FEJ 2 3 1999
':l.,
Pg.
approve the issuance oFsuch bonds alicr a public hearing: and
Whereas. thc ftoard oFC'ottnty Corumissioncrs o£(?ollicr Count,,. l:lorith~ Ithc "t'loard"l is
thc elected lcgishltiVc bodv oF thc County; and '
\Vhcrcas. thc ..\uthoritv caused a notice ol'a public hearing t~) c~msidcr i~pprox'al {~Flhc
l/ontls and the location itlld nature oFcach of the lmmokalcc }{cahh Park Project. thc (iraml
('cntral Station t'r(tjccu tl~c .Xlarco Island [.amt Acquisition Project and Iht .X-larc,, Island J)r()jccl
to bo I~nanccd with thc proceeds ol'thc [3onds to be pul~JisJlcd on or bcfiuc Fchrtmrv 4, 1999
thc Naples Daily News. a ncxvsphpcr oFgcncral circulation in C'ollicr ('or,mx.. ami :, copy {~t'said
notice is attached as Hxhil~it ..X ~thc "Noticc")' and '
\Vtlcrcas. th,.: ..\uthoritv held a public hearing on February IS. I{)~)~). t~ttrsulult lo lhc
Notice and adopted a resolution ( I}~c "Resolution") authorizing iht issuance oFthc 13onds. a copy
of which is attacli'6d as Exhibil Il, ~and Ires 'recommended lo thc Board that it approve thc
issuance of the Bonds in accordapcc with Section 147(-0 oFthe Code:and .. :
Whereas. fi)r thc teas,ms scl lbrth above, il appears lo thc Board llmt thc al)/)rovul t)t' IJic
issuance and sale al'such [~o,:ds aS required by Section 147(F~ oFtl~c Code
oF('ollicrCotmtv. , "'
('otlnl)% Florida. that:
Scctio~ I. ..l/y,l',~v~/r~l.~'~'lltlll~ t' o/'[/Ic' [~r~ll~¥. This lloard hcrc ~v appr,~x cs Iht
issuance of'thc Bomts by thc ..M~thoritv l~w thc Purl~oscs described in thc N~ticc purstmnl
Section 147(F) oFthc ('ode. 'f'hc [~ont]s shall be issued in such aggrcgatc pr'inciput
illtcru'sl al stic]l rate or niles, mature IB stlc}l alllOLlflt or alllOtllllS
arc apl,roved by thc ..Xull~oritv xvitl~out iht fllrther approval of this
The Bonds shall not constitut~ a debt, liability or obliuation
lhcrc~)l'. J*ul shall be payable solely From thc rCVClILICS prox'idcd lhm'cfi)r. Hilt] ncithc lhc Ih/th alld
credit nor any taxfng power of Collier County or thc State of Florida or any political subdivisioi~
thereof is pledged t~ thc payment ~F thc principal ot2 prcmiunq, if any. lind imcrcsl on thc tlomls.
No member of thc [Joard or any of Occr or cmplo:,'cc thereof shall be'Ii.able 'l*crsonallv on thc
[~t~mls by reason oF their issuance.
This approval shal in no ',var bc deemed to abro~alc anv rc~ulai~on5 {H'('oilicr ('otmtv
l}-,r ~llly portions of any of thc Pro c~'ts It,calcd within thc"rcm~laiorxYjtlrisdtcl ~, ;~1 ,,l'r 't~llicr
limited to. thc Collier ('ountv (Jrowth Nlan:~cmcnl Phm and all concurrvnc,.
co~ll;llIlcd therein and thc Col!icr (.'ou~ntv l.and Development
SCC[iOt] 2 ,5't'l't'l't//~lJlfl'. j lt'anv section, paragr:~ph, clause or pr~x'is~,;n of this
l{cso[ution shall be held to be inx alid or incl]~ctivc For any reason, the t'cma~ndcr of'this
[~csolul~on shall continue in Full l[,r~c'and clTcct, it being expressly hereby lkmmt ~tllt] dcchtrctl
that thc rCnlaindcr of this Ie, es,)lution would have been adopto, t despi~c fl~c in,.'alidilv or
il~clT¢ctivcncss o!.7. such section, paragi'alq~, clause or provision.
Section 3. /?fl.'czivc 1,3titc. This Resolution shall lake cflkcl immediately, upon ils
adopti~m, ami any pr(wisions ol'any previous resolutions in conllict w/Ih lilt pr'~x isi~ms hcrc,~f
P.-\.'q51:l) an~l ..\doplcd this "~' day of I:cbruarv, 1999.
Naples Daily hews
Iiaples, FL 341G2
poi amount no~ 1o e~ceed Sl7,O00 000 [toilet i~i.ll n.
· - 'n
~i. rEREtiCE: 010784
Slate o* Florida
County of Collie~
Before the undersigned authority, persona~y
a~ceare¢t ~. L~mb, who Cn oath says that ~e ~erves
as the A~sistant Corporate Secretary of t~e Hap!es
3a~F News, a daily newspaper Gublished at ,i~ples,
· - Collier County, Florida: that rye attached
:cpy of Advertising was published 'n sa~q
ne~spape~ cn dates Listed.
Affiant further says that the sa~d Naples Daily
'.e.s is a newspaper published at Naples, ~n said
?a~Lier County, Florida, and that the saia
'e~s~aper has heretofore been continuously
:;,atished in said Collier County, Florida, each
,!%, sad has been entered as secona class ma:~
=atter at the post office in Naples, in said
~:.~er Count7, Flor:da, for a pericd of i /ear
'e,t preceding the first publication of the
~ttached copy of advertisement; and affiant
· urther says that she has neither paid nor
~romised a~y person, firm cr ccporaticn any
~'scount, rebate, cc-mission or ~efurd ~ar the
:,,-p:se ~' se:ur~rg ~his advertisement Tcr
:;,~L~cat~sn i~ the said newspaper.
The ~rand Coqtrol 5fatio~ Project is Iodntect
Lond Acquisillo¢ Proiecl ore Iocofed (il 40 J~ ( I
;',*oreo Jsiond Hospilol. Tho t/,ClrCO Isl(Irld Projec1 'wilt
be operated J],i l/,ar co Island I IospJlal.
All interested persofls ore Invited to %tlJ~OaJl '.'¢1
CoHler County IndustrJol Development AuthorH l
tnorltv. Copies Of the applJfg On for fin( ~C ri'
;.fly DEC;SION MADE BY THE AUTHORITY WII~I
RESPECT TO At;',' //,ATTEP COHSIDERED AT SUC~I
HEARIHG, SUCH PERSON WILL NEED A RECO ~D O~
THE PROCEEDIt~OS At4~, FOR THAT
SUCH P~RSO ~ tAAY NEED TO EHSURE [ ~AT
VE~BATIt~ RECORD OF THE PROCEEDINGS
t,',ADE, WHICH F~ECO~D INCL U~ES THE TESTh%~ON
l.~lg EVIDENCE UPOH WItlCH THE APPEAL ~S TO hL
HASED.
l~cIpate In this hearl~g should contoct Donald A. PJck-
I, orth, GeneraJ Colmsel~ Gl (94) 263-8060 no Ioter than
seven (7) days prior to the hearing.
This notice Is given pursuant fo Section 147(t) et
tNe Internol Revenue Code, as
Collier County InduMrlal Developmen~ ~'uthorlly
/S/Oonold A. Plckworlh
I ~sslst°ni Secretary gad Goner(il COunsel
No. 135.1637
EXHIBIT A
i~(.'(' l),csolulion ? ~ LUO
I.'tt'Cilti~m ¢',)1))
I?,ES()I.U'I'I()N 'N(). 99-
..\'~ I"<I)l 't.x. II{NT RI:.~()I.I'TI¢)N ¢)F 'lttl.
('()1 ~lh' INl)['S'lRI..Xl. [)lLX'l:l.()l'Nl[(N'l' ..Nl"ltlf)Rl'l'h'
RI'.(;..NRI) N(, 'llll.: ()]:FI('IAI. A('TI()N
At"lll()14llh' WI'I'll I&tLSl'l(("l '1() 'Ifil<
ISSL',,kN('I: t~k' TIll( AL:TII()RITY ()I: I'I'%III:..XI.III('.,NRI-.
(('()~I~l~'NIl~' llt(..kl.Ttt ('..kRl:. I~'C.
(,l<(;['l') EI..RIt..S 19')9(' IN AN INIItAI.
'Itti: I'RIN('II'AI~ PURt)OSE OF FINAN('IN(;
IN('I_'t{Rf(I) t~' ('O.Xl.XIUX'I'I Y ItlL. kI.'I'tl ('ARTS IN('. ('II11(
"('()I(t'()I(A'II()N") .,kNI) MAR('() ISI.ANI) II()SI'I'I'AI..
IN('. {'l'ttfL "tI()SI'I'IAI."} IN ('ONNI~CTION WI'I It 'I'IItS
..XCf.)t'ISITIf)N. CONSTRL'('TIf)N ANI)
(.'ILR I..XlN I ti:..XI.TII (_':XI~[~ FA('II.ITIES: AU'ItlORIZIN(;
'ltll( t(XISCI "I'ION ANI) I)t~I.IVt~I(Y ()I: .,X f)RI,:I.IN11N,,XI(Y
..Xf;RfLfSNItSNT BY AND A,XlONG TIlE ,,Xt.:TItORI'I ~'. Tt
f'f)I~I'f)I~.,X'I'I()N. AND TIlE ttOSPITAi.:
Rt{S()I.I"II()~ 99-~1 ANI) I'R()X'II)IN(i
~%'tlI':I~,I':.-\S. ('ommunitv I Icaltl'~ ("arc Inc.. a Florida r~u-!'c,r-pr,,lit c,u'txm~titm (~hc
"(',~rp,~r:~i(m") and ~laz'c~ l,l~n~t t to~pital. Inc. ',~ I:lorida n(q-lbr-pr,,l~t c,u'tx~r'ati(m (tl~c
"..Nuthtu'ltv" )to issue its t [calth Care Facilities Revenue [3ends (('ommt~nily { {cullh C'arc. Inc.
Obligated (iroup"5. Sc;'ics lV<)')..N and t tcalth ('arc Facilities Rcvcnt:c Ih)mis (('ommttnitv
I lcalth ('arc. Inc. ()bli?~,cd (;roup) Serius 1999(' h~ an aggregate I>rincipal amount not
cxcccd 5t7,{~)~1.~{} {collcctixoly. thc "Tax-Exempt Bonds"). for thc purt,,~sc o1' making
loans to thc Corporation and thc t tospital. R~r thc purpose of providing funds, together with
other ax ailablc funds, to ¢;~1 finance a portion of'thc cost of'constructing nnd equipping a
story, approximalcl>' 24.¢u1{~ square tbot building, a portion el'which xx ill bo used as a health
care Ihcililv. which will include a cardiac xvcllncss center and ~pacc I~)r
rch',d>ilitation scrx ices. together with rcJatcd site improvements (t}ac "Nl:,rct) JsJilnd l'rqicct").
Ibl rclStlitllcc ccrlain intcri[n indebtedness incLtrrcd in connection x~ ilh I 1 ) thc rcl~nancing
EXHIBIT B
additumal interim indebtedness incurred in connection with thc financing ora portion
O)st (,l' thc %lall'Ct) lslilll(] [)I'o. lCCt. ((]) I'CfillallCC ccrlaill incicbtcdncs~ lllCtlFrCd i'll COllllCClil)l]
wid~ tt~c acquisition ot'ccnain real property (tt]c"Xlarco Island [.and Acquisition Pro cci"
"( ira~nd ('cnlral glalio~l J)l'l~iCdl"), illld ti') pity cci'lain cxpcllscs incul'rC~] in conllcclitm
thc i~unncc al' linc l~ond~, inclmlin~ certain tkcs and expenses incurred] in connccti~m ~ith
~Vli I-:RI':..\.~. Iht ('{)rlxu'a[i~m and thc [tospilal have alx,~ applied t~ thc ..kuiJ~,'ilx It)
i~xLlC ~mLlJtancou~{~ ~vi[h ibc issuance oF thc Tax-l{xcmpt {~on(t~ ~J ~cricx ~l' il~ taxable
rclinancin~ a pC~r~i,~n of Ibc Iixistin~ lndcbledncss (as d¢linc, t in l{xhibi~ "A" Io lllc
I'rclimin;n'v ..X~rccmcn~). ',~nd (3) paying costs associalcd wid~ thc ~,su~mcc ~J' thc ~crics
i')9')1~ lgonds: und
XVll ERI<:\.S. [}lc ('~>rp,~ration and thc l{ospital have rcclucStcd th;~t thc ..\ uthorir,., ltxtn
thc pr,~cccds ol'thc i~oncts t~, thc Corporation and thc t Ii,spiral pursuanl t~, ('h;~ptcr 159. l~arts
Il illlt] Ill. t"lorida Statutes. ~,' suci] other provision or provisi~ms ,,t' i.'l~)r-id;~ law as thc
..Xulhoritv may determine advisable (thc "..Xct") in orclcr It) uco~mplish thc lbrc?~ing
\VIIKRI':,\S, thc i-;'.,u:mcc ol'[)lc }:.k'mds and ibc loarlin:.: c,l'[hc
(',:rt'~,,'~t:i<:,n and Iht l lo:.,pilal ~o linancc I}lC O,:S[S Of
rclinancc thc [{xistin~ lnd,..'l~:cdncss under loan am'cements or other Ilnancin,,
ltIlt] p[ll'Stlallt t{~ lilt ICI'IllS lhcrcoF which will provide th:ti
xul'licicnt lo pay thc primncipz~l ~)t'and interest and rcdclnption prcnlitmm.
;tll(J qllCh {)[IICI' C(/NIN ill COIII1CCIiOI1 lhcrcwith as may bc incurred bx thc ..Nutht~ritv. will assist
thc ( 'OF[)OI'~lli(*ll ~llld thc t l~,spilal and promote tl:c public purposes pt ,x idcd in thc Act: nnd
\\'tIEI~I':AS. ~l'~c ('~rpor'ati~m and fi'lc l[o~pital ha','c ~ubnlittc~l tl~c I~l'clilnln;~r,.
..\~rccmcn~ (~t~c "f~r¢liminaFv :\~rccmcnt"} rclatin~ m thc i~um~cc ,~l't}~,.; I~n~t~. ;~II~ct~c~t
~VII[qI.~E.-\S. in or,.IcF to satisl'v cci'rain of thc rcquircmcnt~ ~I'~ccti~m 147(I)~t thc
JtltCl'llaJ i(cVCiltlC ('tide t)t' 1UN(L ils [1111c11([cd (tile "('ode"). thc ..Xu~h()ritv ~tid on thc dHlc
hereof hold a public hcarinu (m lilt l)roposcd issuance of thc Tax-J'XCmlq t~omlx I~)r' thc
pCFfi~)lln '~s'jtJl dt[]~Url~l~ vjc',,k ~ to bc Jlcard. both orally and in kvritin~z. ,,n thc ~ssu:mcc of thc
'[';tx-JLxcmpt Bonds ;Jnd thc J~cation and llaltil'c Of thc abovc-mu'nti,mc~l I'n~jccts ami lJlc
pr~q)crtics linancc~] t~x' thc I' ,,~sting lmlcbtcdncss, as more particutt~rJy' ,tcscrihc~l in thc hr,lice
thc ('orporati~m ;m,.[ thc
N¢)~V. 'I'ItI-~Ill.~t"()I{E, lie IT IIES()I.\'EI) IIY 'I'llE ('()I.I.IER ('()I'N'I"~'
INI)I/S'I'I),I..\I. I)E\'I-~I.()I)51EN'I' :\UTIt()Ri'I'Y, 'I'tl..\'I':
SE("i'I()N 2. I'I{EI.1511N..\I'~Y ST..VI'I']51I']N'I'. 'I hi- t4cs<>luti~m is entered
inh~ It) permit thc ('t,q,,.)m'mi~m and thc I lospilal to proceed ~ith thc Iin;tncint~ t)J'tllc c~slx t)l'
~icc~x'(Iancc ~ ith an~l ~uhjcc~ ~o thc ]~rovi~iong ot'thc Act. thc ('onstit~ll~m ~x[ other I',~NN ~ t~l'
thc gtatc oF Florida ;,nd thc ~' " ...
,,xx~ or'thc [hlitcd St;t'tcs oKAmcFica, includi~z thc ('{,tic, ',~z~l
this Rcs{fiution. but sub cot ~n ail respects to thc tcz'm:q ot'thc lh'climin;trv ,.kgrccmcnt.
SEC'I'I()N 3. ..\ I'I'R()V:\I. ()FTIIE FIN..\N('IN(i .-\ N I) I,ti.~I.'iN:\N('IN(;.
'l'hc linancing {~I' thc COSts ~,I' thc abovc-nlcntioncd l)rojccts and lJlc rctinm~cing ol' thc
I~,:i~ing In(tcbtcd~cs.4 bv thc .-XlltJ/t)l'itv through thc Jsstlallcc of lilt lit)IlLIN, ptil'Stl[mt I(~ lilt
,)f ('oilier C'ountv. ,,,.'ill pronmtc tile general economic structure of(',~llicr (',runty. ami x~ ill
thereby serve thc public purposes of thc Act ami is' hereby prclin]in:trrlv at>lm~X crt. Stl}¥CCl,
h,,xx cs'or, in all respects Lo ~hc Corporation and thc I lospital mooting t}~c comlit~tms scl t~l'lh
in ~hc l'rcliminarv ..Xgrccmcnt to thc sole satisfitction ofthc. Authori~x.
A(;I{EE3IEN'I'. 'lhc ('hairm;m or thc Vice-Chairman is hcrcbx ',~uth,~ri/cd ;,ntl dircctc~l Io
execute, fi~r and (m bchal fofthc ..Xullmrity. lbo {)rcJiminarv ..Xgrccmcn~. in thc fi)tm attached
hcrcm as [{xhibit "A". am{~ng thc ..~tttlmritv. thc ('orporation ami linc I I~mpital pr{~viding
determined bvthc..Xuthoritx, thc('orporation and thc t lospilal t~bc ns'cc~$;~rx I~;~cc~plixl~
thc l~rc~fin~ purp{~scs.
xutho,'i/cd to bc is...;ucd an~t the :\utlx~rilv hcrcbv dctcrminc~ to i.-,uc thc ltomls, il' x~
requested by thc"'('orporati~m and thc l{ospital and subject in :ill rcxpccls t~ ibc comlili~ms
set tbrth in thc l'rclimin;trx .-XMrccmcnt. in an aggrcgatc princilxd .;~mou~lt nt~l Io cxcccd
ami ,'ctinanci,m thc t{xistin~, Indebtedness as described in thc lh'climin;trv Aurccmcnl. 'l'hc
rate of interest payable on thc Bonds shall not cxcccd thc maximum rate permitted by laxv.
SECTION0. (;ENER..\I...\UTIlOI{IZ,\TI()N. 'Ibc ('haim]an ;tmlthc
N'icc-C'hairn~an arc hcrd~v furl}lCl' authom'i/cd to proceed, upon cxccut~m of thc {;rclimi;mrv
l~rthcr authori/cd lo take such steps and actions as may be rcquircd ,,,-necessary in orclcr lo
cuusc ~hc ..Xuth~ritv u~ issue thc Bonds sul~jcct in all respects to thc tct'~s and c(>ntlilions sci
I})T'I}I in thc Prclin~il~:trv ..X<rccmcnt authorized hereby.
.%E(:TI()N 7. ()FI"I('I,,\I...\(71'I()N. 'I }lis rcs<~lut~,,n'~.. ;m official action {~f
Ibc .-\uthorilv tav.'ard thc i-,,,uancc ~f thc Tax-t:,xcmpt Bonds. :t~, ,:~mIcmt'qatcd ~n thc
Pr.,:limin:~rv ..\~rccmcnt. in accordancc with thc pUrlX~Scs ol'd~c lax~x ,.l'lhc ~l;llc ~l'l:l~rida
and thc upplicablc t'nitcd 5tu~cs'l'rcasurv Regulations.
SISCTIONS. 1.1511TEI) OBI.IGATIONS. Tho Bonds and thcinlcrcsl
thereon shall not constitute 'an }ndcbtcdncss or plo(igc 0Fth0 ~c~{Cr~tl'crcdit or taxing power
of('ollicrCountv, thc State ol'Florida or any political subdivision oragcncythcrcofbut shall
be payable solely t?om thc revenues plcqgcd therctbr pursuant loa ]{mn agreement o,' othc,'
4
I loqqtal prior to or ¢oi~tcmj~oran~ousJy with thc issuance of thc lf~m~t~,. Thc ,.\ulh~rilv hah
110 [;,IX i11
bc construed as an apprt~xal or endorsement of approval of an~ necessary rc/oning
apl~lications m~r lbr any other regulatory permits relating to thc alx~x c-mentioned l'r~.jccts
and thc Atithorit.}' shall not bc construed by reason of its adoption of Ibis rcs~lution lo have
xxaixcd any right of('ollicr('ountv or cstopping Collier County from asserting any rights or
rcsponsibilitics it may have in'that rcgartt.
.%ECTI()N IlL I,~I'LI'I-~,.\i. EI~..-\Nl) EFI"I'X/TI~'I{ 'I):\'I'E. 'l'his l~,csolutitm
rcl',cals arm supcrccdcs I{cst,lution 99-1)1 adopt'Cd Jr. tlltlary 15. 199t1 alld shall take cl'l;,.'cl
inlmCdiatclv.
.-\1)()I)'I't{1) this l Xth ttav of I:cbrtiary. 1999.
5
COI.I.I ER CO UN'I'Y i N I) L:.%'l'I~.I Al,
I)EVEI.OP31ENT AL'TilORi'I'Y
J.R. I lul~phrc.v. ('hairna~tn
6
I(XIIlI~,IT A '!'() RE~()I.UTI()N
i'I),I-;I,i.XlI.",'..\RY .-',,(;I),I';E311'LNT I:01,~ ISS[~..\N('I.i ()i.'
I'i~,I\'..VI'I'] A("i'IVI'i"f IIEVENL'I';
This ..\,_,rccmncnt amtmc tho ('c, llicr ('cmntv Industrial l)cvclopmcnt ..~ utl~u'ity, a lmhlic
corporate and p,~litic (thc "Authoritk" I. ('ommunitv t Ic;~lth ('um'c. Inc.. a I"l~l'ida m~l-li~-
%'I'I'N I(SSI-;TII:
which haxc rc-t~ltoJ in thc execution
{'~l'~cccds lhCl'COl't~ ~1c or il~t~l'c [')Cl'.~o{ls, 1'ir111.,¢ or pi'iv;itc col'{'~Ol'alit~l;~,. ~)l' t{sc such proceeds,
lo t]Cl'l'itV thc c~,sl ~)l'acquirin-~.. by purchase or construction, cc,'tai,~ qualit'yin~,~ health care
t'acililics.
lb) 'l'hc ('t~rporatior~ and tho ttospital arc considering (1) linancing the costs ,~1'
thc acquisition, construction and cqt~ipping ot'hcalth care li~cilitics t(, l,c (~xvnc~l and opcr;~Ic~l
thc ll{>spit:d, all {,l'xk hich li~cilitics arc m~,rc I'ullx described in l:xhih,t A altachctl hcrch,.
'l }'~c ¢ 't>rpt~rznti{~n and tho I {c, spital have applied to tile .Xuth~witv to issue Ix~t~
collectively, thc "-I ax-l{xcnal~t }~o~ltls") l}~l' thc lwincipal purpose (~1' makin~ loans lo thc
('nrpt)ralion and thc f lospil'al, fi)r thc {,urposc ,~l' proviclin~ l'un(ls, lo~cthcr with ~thcr
approximately 24.(){;() square tk)ot building, a portion of which will I~c used as a health cm'c
l~tcilltv, which <'~ ill include a cardiac wellness center and space fi}r t,t~tpaticnt rdmbilitati<m
scrx ices. together with related silo improvements tJhc "Marco Island l'rqjcct"). (b) rclinancc
certain imcrim indcbtcdncs.< incurred in connection with(l)thc rctSn',~ncingot'a commercial
bank loan thc procccdsol'x~hich x~crc uscdtoconstructandequipatxx~,-story, approximalclv
:\-1
~'cnlral S~ut~nn I~n~ject"l. ',~n~t~ (I')pay certain cxpcnscs incun?~t
i¢~uancc of thc Tax-t{xcmpi fhmds, includin~ certain
ct,nncctio,~ with credit c,~hanccment lbr thc 'l'ax-l{xcnapt t{onds.
CClt~lpp~ng oJ'thc Xlarc(~ Islan~t l)l'o, lcct.( 2 ) rcllnancing a portiere el'thc } xisting
and the applica/>lc t.:nitcd States 'l'rcas,irv Rcgulalions.
",. l'ndcruikinus t~n tho Part of thc ..\t~'thc, ritv.
Nub.itel i,~ thc ic,-n~s hcrct,l'. Iht
(a) Nubicct tu thc £'orporation and t'he tlospital provicling thc ..Xuthtu-itv
stil'licicnt cvidcnc'c to enable thc ..Xuthoritv Io tn'akc lhe t~ndings set Ibm'th in Nccli{m
J~OlldS. in OllC Of IllOFC 5'Cl'lCS. ii1 ll~O aggregate tmncipal amount necessary and sut'llcicnt
'thc I~,,n~t< ,,h,~]l ~pccilicnll', pi',~xidc th',lt they nrc ix~},lhlc ,,,Icl,,' l'i'~u~l IIic
I'C~ CI1LIC~ tJcI'i', eli J'l'~ ~Ill I}IC J' ]TiJIlCiII~ .'~21'CClllCIIls Lllll{)II~ thc .'~UthtUmil '.. Thc (
Iht t f,~<pit',~l or ,uhcr ',t~rccn~cnts uppro~cd t~k thc .-Xuthoritv. 'l'hc I~,mds uml thc inlcrcxl
ihcrc,m xhaiJl not'.c~m>tilutc nn indebtedness ur pledge ol'lJm ~C{1craJ c,-c(tit ol'( ',qlicr ('OIIII[V,
thc Mtzttc ol' t:torid:~ or ~tn~ p,,litical gui, divisi,m or a~cncy tJlcrcnJ'. ;l~l(t gtlcJl J~lC[
'j,'
oJ' .'~CCiJ~ll J 4'7( {'I o{' Iht (
3. t ',xlcrtakin,.z,.,, ,m thc }:'arl oftl'~c ('c, rl':x',ratior~ and Ii:c I'l,,5pital..%ui~jccl t(> thc
'~1' ~11,UC ~ClJC~ 1'I'~Ul! 11111C I~' [111!C ;l~ lJIc .'~tllJlol'Jt~. thc ('t~l'J~l;lli,H~ ,:~tJ lJ/C J J,~l)il;I]
;I~I'L'L' III 'A rJll{l~, thc ('l)}'{3il{'~llJ(lJ] ~111d Iht ] lo~pllaJ ~ ill ClllCr I111,~ lJlc J }l]:lJ]L'll]tJ
~', ~lJl thc .'XLIIJlol'iI~. thc iCrlll~ of ~JlJCJl fiJlaJJ bc llltlttlaJJv a~recLJbJc' 10 111C .'XLIIJ1oI'JIV. lilt'
('~wporati m an~t Iht Il ~pJia{. pt'(wi~lin~ flu' Iht loan or usc ol'lhc l~r,,ccctt~ ,~l'lhc l~,.l~l~
{ndcblcdncs~. ~ucJl I"inanc,n~ .-X~rccmcnls will provide tha~ ~hc ('~,'p,,r:~i,m an~t
t l,~spltal v. ill bc ~fl~llgatcd t~ pay the .&uthoritv I,~r the II'LISICC J~lr h~,ltlcrs ~I' thc llond~
hchal /' of the .,Xti'ih{~rilv. as ~hc case may be. sums Stll'ficicnl ill thc aggrcg;,lc t,~ enable lilt'
Authority to pay' thc principul (~t'aml interest and redemption prc,nium, ifanx. ~m thc
:ts illld kk hen thc same shall become duc and payable, and all other c,:pcnscs rclalcd lo 111c
i<~u:~ncc and delivery ol'thc
thc aN~kc-mcntxonctl {~;'o. lccts or thc properl} linanccd by thc I.
[ ~, thc extent n,,t other',,, isc {')aid from }~ond proceed,, linc ('t~r{,, ,rati~m ami Iht
t tospital Inercbv agree to p;x} ~i) thc .&uthorilv l~ond Issuance t'cc.
expenses oi' ol'lScials and representatives of thc :Nttthoritv incurred ~n o,nncctit,n x~ ilh tl~c
issuance ol'the l~m,ix and (iii J all t~'cs ixlld expenses ol'[)OllaJd
:\-4
l'rcc ;~nd harmlc~ I'rt~m ;~nx l,>~x ~r danl;~c and I~'~m~ ally l~xcx,~r ~qhcr ch;~c~ lc~'~i ~
I'r~ticcts or thc pr~gwny lin;~ccd bx thc i'.xisting Indebtedness i~mt rclin;mccd x~ ilh i~ p~rl~m
;tml ('(){Iicr ('{~untv and hr)ltl Ibc ..Xuth,~rilv and ('oilier C{)umx anti ;~t~', (,l'ticcr ~))'
thcrc()l'harmJc.~ LI~LlillsI ~illX ,tlltt alt cl;J~ms, l(~sscs, liabilities or d;~m;~ec~ to tm)pert} ~r ;lily
..XklI}IOI'iLL'S of ('¢~llicr ('¢mn~','s gross ncgligcncc or xvillfiil misconduct. In Iht cx'cnl th;it thc
.-[ ~ I'CClIlCII I.
(~l 'ibc ('~>rp~)r~tti(,n and thc tlospita] will lake such l'ur~i~cr ;tcJ){)t~ ;ts minx Iw
[~L~I'St~;HICC
(il) 'lh~: ,,\tltJlOFlI\ shall bc lawl'ullv entitled t() issue thc l)(m(l>, as hcrc~n
ctmtcmpl;ttcd.
(b) '{'hc ,.Xt~lh~)rilx'. Ibc ('orpt~raticm and thc l {ospital shall h~tx c i~gm'ccd (m mutuallx
acceptable terms fi)r thc Itt>rots and thc sale and dclivcry thcrcofan, t ,nutu',~llv acccpt~fl)lc
(c) I{u.!.inMs sati:-;tiu.:torv m thc Corpm'ation. thc l Iospital and thc ..Xutlmrilv a~ t~)
such matters with respect t~ thc Tax-lLxcnlpt llonds, thc abox'c-mczlli~mctt l'r~[jccls, thc
I tospital, shall hax'c bccn tq~t;lincd l'rom thc Internal Rcvcnuc 5crx ~cc anti t)r thc l'nitctt
~c . ('()'i'nl)lim'~cc v.~l)~ alt api,licublc prc~visiorlsoF('haptcrs 15'). 1~'*. 215:mtt 218.
Statutes. and thc .,Xulh~(itv's ~uidclincs and procedures rc. latin.~ tt~ thc ~ssuancc t~l'lhc
thc interest rates thcrom, thc type ol'purchascrs ot'thc Igm~,ts ;~n~l thc terms on xx hich
and thc I laspital agrcc lhat thc Authority may withhold il, final :q~pmv~ll ~,t'lhc
thc (%rp,,ratitm arm Ibc tl~spital ~1':~tl l~,'unxcx ~n{t ncccss:~rx
II'thc cvcnts set fi)rth in this %cction 4 do not take place within thc l~mc sct lbrth
cxlcnsitm thcrcol', thc ('(,ri)oration and thc l lospital agree thai tiler will rcimbt~rsc thc
..Xtl~h~ritv lBr all thc rcason;~l~Ic hn(t necessary direct or indirect cxpcn~ck'xx hich thc
incur at thc ( 'orporzltit~n'~ or thc l lospital's rcclucst arising l¥om thc execution t~l' lhi~
5. Rcpc:dcr and ['~indin~ ILl'feet. This Agr¢cmcnt rcpcal~ and ~upcrccdcs that
on behalf of thc Authority. the Corpuration and thc l tospital sJmll'l¥imt ;tnd inttrc to thc
benefit of thc respective successors and assigns of thc Authority. lilt ('orp~ratitm and Ibc
I Iospital whether so cxprcssctl or llt}l.
IN \VITN ESS V~'II I'~I~,EO i", thc parties hcrcto have cntc:'cd intt~ this ..\grccmcnt hv
their c~fficcrs thcrcul~dcr clulv ;tuthori/¢d :ts of thc ISth day ofl:cbru:~rv. 19')*).
/Rt'muindt'r ol i,ak, e itttat~titmtdly /,iit hlmt~, s~[utalttre~ ott /ollt,,vi~tk' put:c/
A-7
(~()I.I.IER ('OL'N'I'Y INI)U~TI~,I,.\I.
I)E's'EI.OILXlENT A I"1'! I()RI'I'Y
('().XI~IL, I I~ II.EAI,3'Ii.(7..\I,IE, IN('.
NIAI~,C'C) ISI,.,\NI)I I()~PI'I ..\1,. IN('
:\-8
I-:Xtll BI'I
I)ES('I~.II'TI()N ()1: I~I~.().IE("I'S AND E×IS'I'iN(; INI)I'~I~,'I'E1)NES.%
incu,'rcd in om,~cction with ~hc acquisition ofccrtain real propcrl~. I lhc "Xlaro~ Island
..Xcqui~iti~m i',-~,jccC>. ¢c) ,'cl],~ancing certain interim indebtcdnc~ ,,~cu,'rot i,~ c~mncct
administrative ol'liccs (Ibc "(}rand ('cntral Suitioll l'rojcct"}. Zlllt{ I t'1 pit} Illg ccrluin expenses
'I .he "t.lx~,tin:¢ I mlcbtcdncs,," <hall mcan thc indcbtcth~css or imcr~m {,~, icbtotncss mcnti~mcd
in thc prcccdin7 p:u'agraPh.
Naples 3ail/ News
NnpLes, FL ]4102
',~te~ Daily 'le,s
P;CK;CRTtt, DONALD P.A.
5150 TA~A~I TRL Il #602
~;X~LES ~L 3410~
;E~ERE~¢CE: 010784
57B22476 !;alice of ~eeting a~
State of Florida
County of Collier
Before the undersigned authority, personally
~ppeare4 B. Lamb, who on oath ~ay~ that she ~erves
as the Assistant CorGorate Secretary of the Naples
~aily Ne~s, ~ daily neu$~aper ~ubllshed at qep!e$,
',, Coll~er County, Florida: tea: ?e attashed
::;/ of ;~,ert~s~rg ~as palmist.ed in sai~
rt.sDeDer cn dates listed.
~ffiant farther says that the sa~d ~aDles
',~.s ~s ~ newspaper published at Nasles, ~ said
~oLlier County, Florida, and that the
~e~s~aper has heretofore been continuously
;;,olished in said Collier County, Florida¢ each
da/ 8"d h~s been entered as second class ~it
~atter at the post office in Naples, in said'
':~;lier (aunty, Florida, for a period of 1%ear
'~e,t preceding the first publication of the
attashed c¢py of advertise%chi/ nnd affian~
'urtt,er sa/s that she has neither s~d r3r
;-o~ised aqy person, fir~ or ccporat~cn
:I~sscunl, rebate, ccmaission or refund for
::u-~se of securing thi~ adyertisezent for
2.;ulicaticn in the ~aid ne~s'Dapero
;¢~;ISHEB Oq: 02/04
~) SP,tCE: 212.000
;LED 0N:
................................. 7'~ ...... ..F .................................
~':?gtu-e of Affiant -/¢ ' ~"' _.~ ..................
EXHIBIT B
1, II ).,\ l).c',olul ~un 2' ! N, g9
f!~t%,,,_~ ~s hereby.given tll~t the Cailler ,'~,r>t,,'~t/
cut,rial L~o'/emopment Authority (Ihe "/'tmthoml /' /.
Conduct a spa. clem meetlno and public her ,I D ;ni .
18, 1999 at 2:00 p,m. In lhe ~Cf)tlor't~fr [)~. , "h
r, orsesnoe Dr ye, Suite 120 flO~" T ¢
~or me purpose o~ receiving'public'
revenue boqds be ng cos g~a e~ ~s ~eum~ Co~u ~.
¢H;HeS Revenue Bonds {Co~munlty,HeaHh Core
Obligated Grou~}, S~r es 1999A'ond Homth Core
clHtles Revenue'~onds (Co~un Sy Hearth Cc~'e,
Obligated Group)'Se? es lg99C In on o;lgregot · ~ nc
pa~ amount not to exceed ~17 000~000 (coHucH.~*~ z ....
"8~n~s"]~ fOr the purpose o~ ~ok n; eons 00 , ,' ,
~")/?r'CO I~'?)c~ tlosPlIoI") for the PU 'pc Se o( pr~ v d
Ices, together wPh related site Iolpro'¢qm~rd.. mq ,.
"Marco Island Projecl"), {b)'reflnonce certr [ , ....
I'.¢ebtedr. esS Incurred In cannecHo~'v;lth,CU 'hr. ·
an~roxlmute:,, 39,000 souare foot t)IH d Q ~ ~
P~rk Prs[ect") o~d(2) th~ finanCing.oft porHonof t.~.
COSt Of the /.'arco Island Pro eof, (c) fei no ~.e c :~
fign with the 'lPanclng of ¢ po~lon'of ft~e cos~ r,f th,:
h',orco Islo~d Proiect~ {d) reflnonce certmn Into
ness Incurred ~n connect on wHh the osqul&Hl(m o
certain reel property ( he *'Marco. S O ~cl Lnn~ Acqui
sHion ProlecI')~ (el reflhonce, cedofH Inlerlm
lwo.~$orv~ opproxlmotoIv ld~000 square ~ool bullmnV
H? 'Proc( Cc itel Stndon Pro ecr'), (111(I f' (I ' ' ¢;
the Bonds. ·
]4 The Imm~ul~e HO~lth Core, Prelect is tackled u~
~4 l~odlson Avenue, Immokoi~e,'Florldo anti is
owned ~'I CommunHv, Heollh COr~.
T~e Grand Central S otlon-'Projocf ; Io¢otml et
~08 GOOgI¢fle Rood '5otdh, fJopJ~), Florida on
owned end operated bv Commun N Heollh Cf
The ti, arco lslond Project'and'tho Marco
La~d ACqtlJslHon Pro oct ore Iocoled al 40
h",orco.lslond t IosP to T ~ Mor~o Island PFOJOCI
bO operated bv.t/,orco Island HosPlIal', '
. All Interested Per~ons are Invlle~ to sul)mll wrll.
ten comments or aMend.tho boO~lOg; OlIl~er pOl'SOnoJl
or lhroufih tholr representative, 'd~d'wIII be OJ'lr~) O,
OPP.OMunIIy Jo e~pres~ thAI¢ Vl~w~ con(rrnJrmo
prq)pcts or ,he flAonclng. An¢one des 'l g to
js6.nd such COmmenfi to:
Collier CoLinty Indus r)g DOvolppment-Au ~ r' /
c/o Economic Dovelopm'ent CbunclI ' '
3050 tlodh Horseshoe Drive~ Suite 120
tJopl¢s Ftoi' do 34)04
and oral Comments m~do at.tile ffeorin9 ora Jar
~onCdaroHonofihoAufhortlyandwl notb )dtheA~
h~orlty. Copies oJ .ihe oppllcOt on .foe flno)clng ore
O..'o;loble for In~peci;on ond copyln~ ol t )e oJllce of
AuiborJl,t set f0rth obove. , ~ ',
SHOUCD AII~"PERSON DECIDE TO APPEAr
At~Y DECISION /¢AD~'BY THE,'AUTHORITY WIT)]
RESPECT TO.ANY'MATTER CONSIOERED AT
HEARtIIg¢ SUCH-~ERSON,WIbb NBBD A,RE~ORD Of-
THE PROCEEDIfJGS AHD, FOR ~HAT PURPOSI7
SUCH PERSON M~Y NEED TO EHSURE THAT
VERBATIM ~ECORD OF THE PROCEEDIHGS IS
?AADE, WHICH RECORD IHCLU~ES THE TESTI?AOfi
ArID EVIDEtlCE'UPOII WHICH THE APPEAL IS TO I~L
Alt per$on~ needing a special accommoddliolm Ia ~or-
~lclpota In tills hearlno should contact,Ddnold A, t tc~-
wo~h~ Oanarat .Counsel, at (~41) 2~3.8060 no'lolor thaq
seven (7) aays prior, to the hearing
.Thls'noflCa.ls ~lveh pursuant t0 Section 147(t) of
lbo.Internal Reven~e ~ode~ os
~oll]ar County,lndusidal ~evolopme'~t~u ho' ty
i~/Donald,A, Pl~wod~' - '...., .
AssmstonFSecdetory~n~'O onerol'~ouns~