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Backup Documents 12/10/2024 Item #16K11 ORIGINAL DOCUMENTS CHECKLIST & ROUTING SLIP 16K 1 1 TO ACCOMPANY ALL ORIGINAL DOCUMENTS SENT TO 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. ** 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 Attomey Office. Route to Addressee(s) (List in routing order) Office Initials Date 1. 2. County Attorney Office County Attorney Office CMG 12/10/24 3. BCC Office Board of County Commissioners Ct� y,f fpN (21(o(Z V/ 4. Minutes and Records Clerk of Courts �z AP/i Volt) 5. **please email executed resolution to Donald Pickworth at Don@DappaLaw.com** 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 Wanda.Rodriguez@colliercountyfl.gov Phone Number 252-8123 Contact/Department Office of the County Attorney Agenda Date Item was 12/10/24 Agenda Item Number 16-K- Approved by the BCC Type of Document(s) Resolution approving bond issuance by Number of Original one Attached Industrial Development Authority Documents Attached PO number or account N/A number if document is d� 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(instead of stamp)? N/A 2. Does the document need to be sent to another agency for additional signatures? If yes, N/A provide the Contact Information(Name;Agency;Address;Phone)on an attached sheet. 3. Original document has been signed/initialed for legality. (All documents to be signed by CMG 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 N/A 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 CMG 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 CMG signature and initials are required. 7. In most cases(some contracts are an exception),the original document and this routing slip CMG should be provided to the County Attorney Office at the time the item is uploaded to the agenda. 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 and all changes made during the meeting CMG N/A is not have been incorporated in the attached document. The County Attorney Office has an option for reviewed the changes,if applicable. this line. 9. Initials of attorney verifying that the attached document is the version approved by the Ci/PC N/A is not BCC, all changes directed by the BCC have been made, and the document is ready for the an option for Chairman's signature. this line. I:Forms/County Forms/BCC Forms/Original Documents Routing Slip WWS Original 9.03.04;Revised 1.26.05;2.24.05; 11/30/12;4/22/16;9/10/21 16K11 RESOLUTION NO. 2024 - 253 A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS OF COLLIER COUNTY, FLORIDA APPROVING THE ISSUANCE AND SALE OF EDUCATIONAL FACILITIES REVENUE BONDS BY THE COLLIER COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY, AS REQUIRED BY SECTION 147(f) OF THE INTERNAL REVENUE CODE, AS AMENDED. WHEREAS,the Collier County Industrial Development Authority (the "Authority") is a body corporate and politic of Collier County, Florida 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, Royal Palm Academy, Inc., a Florida not-for-profit corporation, and any successor, surviving, resulting or transferee entity (collectively, the "Borrower"), has heretofore applied to the Collier County Industrial Development Authority (the "Issuer") to issue its Educational Facilities Revenue Bonds (Royal Palm Academy Project) in one or more tax-exempt and/or taxable series (collectively, the "Bonds"), such Bonds to be issued in the maximum aggregate principal amount not to exceed $16,000,000, as more particularly described herein, for the principal purposes of financing and refinancing, including through reimbursement: (i)the costs of all or a portion of the acquisition, construction, improvement, renovation, installation and/or equipping of (a) an existing approximately 13,000 square foot gymnasium; (b) a new approximately 22,000 square foot classroom building to accommodate students in grades 4-8 including mixed use spaces; (c) related and necessary sitework, parking and roadway improvements; (d)various other capital improvements to the educational facilities of the Borrower including athletic courts and green spaces; and (e) related facilities, fixtures, furnishings and equipment, all as further described in the Authority Resolution described herein and attached hereto (collectively, the "Project"); (ii) the funding of necessary reserves and capitalized interest related to the Bonds, if deemed necessary or desirable; and (iii) the payment of certain costs of issuance of the Bonds; and WHEREAS, Section 147(f) of the Internal Revenue Code of 1986, as amended (the "Code"), provides that the elected legislative body of the governmental unit which has jurisdiction over the area in which the facility financed or refinanced with the proceeds of tax-exempt bonds is located may approve the issuance of such bonds after a public hearing; and WHEREAS,the Board of County Commissioners of Collier County,Florida(the "Board") is the elected legislative body of the County; and WHEREAS, the Authority held a meeting and public hearing on November 18, 2024 1 °SK 1 pursuant to a notice published on or before November 11, 2024 in the Naples Daily News, a newspaper of general circulation in the County, a copy of said notice being attached to the Authority Resolution described below; and WHEREAS, at the conclusion of the meeting and public hearing the Authority adopted Resolution No. 2024-06 (the "Authority Resolution"), a copy of said resolution being attached hereto as EXHIBIT A, providing preliminary approval of the Project, and the issuance of the Bonds, and directing the Chairman and officers of the Authority to seek approval for the issuance of the Bonds in accordance with Section 147(f) of the Code; and WHEREAS, for the reasons set forth above, it appears to the Board that the approval of the issuance and sale of such Bonds as required by Section 147(f)of the Code is in the best interests of Collier County, Florida. NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF COLLIER COUNTY, FLORIDA, THAT: Section 1. Approval of Issuance of the Bonds. This Board hereby approves the issuance of the Bonds by the Authority for the purposes described in the Authority Resolution and the notice attached thereto pursuant to Section 147(f) of the Code. The Bonds shall be issued in such aggregate principal amount,bear interest at such rates, mature in such amounts and be subject to such optional and mandatory prepayment as are approved by the Authority without the further approval of this Board. The Bonds shall not constitute a debt, liability or obligation of Collier County, its Board of County Commissioners, officers, agents or employees, or the State of Florida or any political subdivision thereof, but shall be payable solely from the revenues provided therefor, and neither the faith and credit nor any taxing power of Collier County or the State of Florida or any political subdivision thereof is pledged to the payment of the principal of, premium, if any, and interest on the Bonds. No member of the Board of County Commissioners of Collier County or any officer or employee thereof shall be liable personally on the Bonds by reason of their issuance. This approval shall in no way be deemed to abrogate any regulations of Collier County applicable to the Project and the Project shall be subject to all such regulations, including, but not limited to, the Collier County Growth Management Plan, all concurrency requirements contained therein, and the Collier County Land Development Code. Section 2. Severability. If any section, paragraph, clause or provision of this Resolution shall be held to be invalid or ineffective for any reason,the remainder of this Resolution shall continue in full force and effect, it being expressly hereby found and declared that the remainder of this Resolution would have been adopted despite the invalidity or ineffectiveness of such section, paragraph, clause or provision. Section 3. Effective Date. This Resolution shall take effect immediately upon its adoption. 2 PASSED and Adopted this 10th day of December, 2024. 16K11 ATTEST: BOARD OF COUNTY COMMISSIONERS CRYSTAL K. KINZEL, CLERK COLLIER COUNTY, FLORIDA By: By: pu � ,: Att st as to Chairman's eisHall, Chairman '� y #;Jt' .-'kitiinature only. Approved 4s to forlia egality: idr°14—(2------- Colleen Green Managing Assistant County Attorney 3 16K11 EXHIBIT A AUTHORITY RESOLUTION NO. 2024-06 4 16K11 RESOLUTION NO.2024-06 AN INDUCEMENT RESOLUTION OF THE COLLIER COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY RELATIVE TO THE PROPOSED ISSUANCE OF EDUCATIONAL FACILITIES REVENUE BONDS FOR THE PRINCIPAL PURPOSES OF FINANCING AND REFINANCING (OR PROVIDING FOR REIMBURSEMENT OF) CERTAIN CAPITAL IMPROVEMENT COSTS INCURRED OR TO BE INCURRED BY ROYAL PALM ACADEMY, INC. RELATING TO ITS EXISTING EDUCATIONAL FACILITIES; PROVIDING FOR THE PRELIMINARY APPROVAL BY THE AUTHORITY FOR THE ISSUANCE OF NOT EXCEEDING S14,000,000 OF SUCH BONDS IN ONE OR MORE SERIES OF TAXABLE AND TAX-EXEMPT BONDS; PROVIDING FOR CERTAIN RELATED MATTERS IN CONNECTION THEREWITH AND FOR AN EFFECTIVE DATE. WHEREAS, Royal Palm Academy,Inc., a Florida not-for-profit corporation, and any successor, surviving, resulting or transferee entity (the "Borrower"), has heretofore applied to the Collier County Industrial Development Authority (the "Issuer"), to issue educational facilities revenue bonds pursuant to a plan of finance in one or more series in an initial aggregate principal amount not to exceed S 16,000,000(the"Bonds"); and WHEREAS, the proceeds of the Bonds will be loaned to the Borrower for the principal purposes of financing and refinancing(i)the costs of all or a portion of the Project (as defined herein);(ii)the funding of necessary reserves and capitalized interest related to the Bonds, if deemed necessary or desirable; and (iii) the payment of certain costs of issuance of the Bonds. WHEREAS,the Project to be financed and refinanced consists of the acquisition, construction, improvement, renovation, installation and/or equipping of: (i) an existing approximately 13,000 square foot gymnasium;(ii)a new approximately 22,000 square foot classroom building to accommodate students in grades 4-8 including mixed use spaces; (iii)related and necessary sitework,parking and roadway improvements;(iv)various other capital improvements to the educational facilities of the Borrower including athletic courts and green spaces;and(v)related facilities,fixtures,furnishings and equipment;all related to the existing private school known as "Royal Palm Academy" operated by the Borrower and serving approximately 300 students in grades Pre-K through 8th grade from a campus owned by the Borrower located at 16100 Livingston Road,Naples,Collier County,Florida 34110;and AUTHORITY RESOLUTION EXHIBIT A TO COUNTY RESOLUTION 16K11 WHEREAS, the Borrower has requested that the Issuer loan the proceeds of the Bonds to the Borrower pursuant to Chapter 159,Parts II and III,Florida Statutes,and such other provision or provisions of Florida law as the Issuer may determine advisable (the "Act")in order to accomplish the foregoing;and WHEREAS,the issuance of the Bonds for the foregoing purposes and the loaning of the proceeds thereof to the Borrower under a loan agreement and other financing agreements which will provide that payments thereunder be at least sufficient to pay the principal of and interest and redemption premium, if any, on such Bonds and such other costs in connection therewith as may be incurred by the Issuer, will assist the Borrower and promote the public purposes provided in the Act; and WHEREAS, in order to satisfy certain requirements of Section 147(f) of the Internal Revenue Code of 1986,as amended(the"Code"),the Issuer held a public hearing on the proposed issuance of the Bonds for the purposes herein stated on the date hereof, which date is more than 7 days following the first publication of notice of such public hearing in a newspaper of general circulation in Collier County,Florida(the "County") (a true and accurate copy of the affidavit of publication of such notice is attached hereto as EXHIBIT A),which public hearing was conducted in a manner that provided a reasonable opportunity for persons with differing views to be heard,both orally and in writing,on the issuance of such Bonds and the location and nature of the Project;and WHEREAS, the Borrower has agreed to execute and deliver to the Issuer the Memorandum of Agreement for Issuance of Private Activity Revenue Bonds of even date herewith; and WHEREAS, it is intended that this Resolution shall constitute official action toward the issuance of the Bonds within the meaning of the applicable United States Treasury Regulations and,specifically,to satisfy the requirements of Treasury Regulations Section 1.150-2 and to be a declaration of official intent under such Section;and NOW, THEREFORE, BE IT RESOLVED BY THE COLLIER COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY,THAT: SECTION 1. AUTHORITY FOR THIS RESOLUTION. This resolution, hereinafter called "Resolution" is adopted pursuant to the provisions of the Act and other applicable provisions of law. SECTION 2. PRELIMINARY STATEMENT. This Resolution is entered into to permit the Borrower to proceed with additional commitments for the financing and refinancing of the costs of the Project, to provide a limited expression of intention by the Issuer prior to the issuance of the Bonds,to issue and sell the Bonds and make the proceeds thereof available to finance and refinance all or part of the costs of the Project, all in accordance with and subject to the provisions of the Constitution and other laws of the 2 16K11 State of Florida,the Code and this Resolution,but subject in all respects to the terms of the Memorandum of Agreement. SECTION 3. APPROVAL OF FINANCING AND REFINANCING OF THE PROJECT. Based on information provided to the Issuer by the Borrower, the financing and refinancing of the Project as described in the notice of public hearing attached hereto as EXHIBIT A, through the issuance of the Bonds, pursuant to the Act, will promote the economic development and education and welfare of the citizens of the County, will provide residents of the County with access to educational facilities, will promote the general economic structure of the County, will thereby serve the public purposes of the Act and is hereby preliminarily approved,subject, however,in all respects to the Borrower meeting the conditions set forth in the Memorandum of Agreement to the sole satisfaction of the Issuer. SECTION 4. EXECUTION AND DELIVERY OF MEMORANDUM OF AGREEMENT. The Chairman or the Vice-Chairman and the Secretary and any Assistant Secretary of the Issuer are hereby authorized and directed to execute, for and on behalf of the Issuer,the Memorandum of Agreement between the Issuer and the Borrower providing understandings relative to the proposed issuance of the Bonds by the Issuer to finance and refinance the costs of the Project in an initial aggregate principal amount not to exceed the lesser of(a)$16,000,000,or(b)the amount determined by the Issuer and the Borrower to be necessary to accomplish the foregoing. SECTION 5. AUTHORIZATION OF THE BONDS. There is hereby authorized to be issued and the Issuer hereby determines to issue the Bonds,if so requested by the Borrower and subject to the conditions set forth in the Memorandum of Agreement, in one or more series of tax-exempt and/or taxable educational facilities revenue bonds in an aggregate principal amount not to exceed $16,000,000 for the principal purposes of financing and refinancing the costs of the Project, financing any necessary reserves or capitalized interest and paying costs related to the issuance of the Bonds. The rate of interest payable on the Bonds shall not exceed the maximum rate permitted by law. SECTION 6. RECOMMENDATION FOR APPROVAL TO BOARD OF COUNTY COMMISSIONERS. The Issuer hereby recommends the issuance of the Bonds and financing and refinancing of the Project for approval to the Board of County Commissioners of Collier County (the "Board"). The Issuer hereby directs the Chairman or Vice-Chairman,Issuer Counsel and Bond Counsel,either alone or jointly,at the expense of the Borrower, to cooperate in seeking approval for the issuance of the Bonds and the financing and refmancing of the Project by the Board as the applicable elected representatives of the County under and pursuant to the Act and Section 147(0 of the Code. SECTION 7. APPOINTMENT OF BOND COUNSEL. The firm of Nabors,Giblin&Nickerson,P.A.,Tampa,Florida, is hereby appointed by the Issuer to act 3 1 6K 1 as bond counsel to the Issuer and the County in connection with the issuance by the Issuer of the Bonds. SECTION 8. GENERAL AUTHORIZATION. The Chairman, the Vice- Chairman and the Secretary and any Assistant Secretary are hereby further authorized to proceed with the undertakings on the part of the Issuer and are further authorized to take such steps and actions as may be required or necessary in order to cause the Issuer to issue the Bonds subject in all respects to the terms and conditions set forth herein and in the Memorandum of Agreement. SECTION 9. AFFIRMATIVE ACTION. This resolution is an affirmative action of the Issuer toward the issuance of the Bonds,as contemplated in the Memorandum of Agreement, in accordance with the purposes of the laws of the State of Florida and the applicable United States Treasury Regulations. SECTION 10. LIMITED OBLIGATIONS. The Bonds and the interest thereon shall not constitute an indebtedness or pledge of the general credit or taxing power of the County,the State of Florida or any political subdivision or agency thereof but shall be payable solely from the revenues pledged therefor pursuant to a loan agreement or other financing agreement entered into by and between the Issuer and the Borrower prior to or contemporaneously with the issuance of the Bonds. SECTION 11. LIMITED APPROVAL. The approval given herein shall not be construed as an approval of any necessary rezoning applications nor for any other regulatory permits relating to the Project and the Issuer shall not be construed by reason of its adoption of this resolution to(a)attest to the Borrower's ability to repay the indebtedness represented by the Bonds,(b)a recommendation to prospective purchasers of the Bonds to purchase the same,or(c)have waived any right of the County or stopping the County from asserting any rights or responsibilities it may have in that regard. 4 1 6K 1 1 SECTION 12. EFFECTIVE DATE. This Resolution shall take effect immediately upon its adoption. PASSED AND ADOPTED this 18th day of November, 2024. COLLIER COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY By: iwi-zrt4D . 3r Chairman ATTEST: 64a444/57/•61040,14„,d,,, Secretary 5 16K 1 EXHIBIT A AFFIDAVIT OF PUBLICATION OF NOTICE OF PUBLIC HEARING A-1 16K11 * LocaHQ Florida PO Box 631244 Cincinnati,OH 45263-1244 GANNETT AFFIDAVIT OF PUBLICATION SUITE 200 NABORS,GIBLIN&NICSON,P. 1500 MAHAN DRIVE TALLAHASSEE FL32308 STATE OF WISCONSIN,COUNTY OF BROWN Before the undersigned authority personally appeared,who on oath says that he or she is the Legal Advertising Representative of the Naples Daily News,a newspaper published in Collier County,Florida;that the attached copy of advertisement,being a Legal Ad in the matter of Govt Public Notices,was published on the publicly accessible website of Collier and Lee Counties,Florida,or in a newspaper by print in the issues of,on: 11/10/2024 Affiant further says that the website or newspaper complies with Mega!requirements for publication in chapter 50, Florida Statutes. Subscribed and sworn to before me,by the legal dark,who • is personally known to me,on 11/10/2024 n /1 NN...- , ,. unty t My commission expires Publication Cost $880.58 Tax Amount $0.00 Payment Coat $660.58 Order No: 10761914 e of des: Customer Na 1488050 0 PO 9: LSAR0187880 THIS IS NOT AN INVOICE! Name do as me:AaJe►n*papaw nrmUaN= NANCY HEYRMAN • Notary Public Pagel of 2 State of Wisconsin EXHIBIT A TO AUTHORITY RESOLUTION 1 6K 1 1 Notice at Public Hearing For tho purposes of Section 147(f)of the Internal Revenue Code of 190e. as amended(the ).notice Is hereby given thatil Collier Comeeting ty id Audsa November 1%�(pLrea'flsu<erp',)�vrill hold a wmarina and as the matterhheating be heard. 9ROom of Meer Naples Bay Resort t located cosat 1500 � a resolution proofd• will 31102. The issuer conduct a public hearing and consider nfat aexc exceeding 6.000r000 Us the approved of•plan of�I Fodlitlst ISSURriat�Rewenite the 8attds (Royal Palm Academy Prated),Series 203I (the'Series 8244 Bantle) to be issued to one ar more sates or trmMm of teoweemnpt and/or taxable quailed 601(e)(S)band%as defied to Section 14S of the Code. The proceeds of the Series 2024 Bends will be loaned to Rant Palm Acade ny. Ina. (t'Borrower'). The Barrens?ourterdty operates Royal Palm Academy.a private school 34110 rade(the'Sc located col")�sThe p • Nl ddbby the BorrowerGeier s for the purposes of:to)financing aid ream:chw It udbao paawh rote• t unem he ScheelIgor a�of cats of curtain b eefor necessary or rabies and te)pay! a Series comortsed of tes>o u034 Bands. e0tudr�ue �impprovenent reremov Ind be financed and refinanced alle a aepappgls ef:(D on addle aapresdneelyliat0 7 equarefedgymoslumt aaswapwmd- redely rades�S Inctuding mixed AM mere duottraem te ae•m Midgets In cad ander n tie serY % improvernemb p � gloci!tin of • Mei=athletic pub and green spacat and(v)related fact ets.teens,.Atrnlstdaae and eaut:meat. The�t feplmal al aroyogn�tgkstudenbue to sln Pre•K through gra owned and berated adde.with re the lated uses. 7M Seriestes 2024 Bonds shall be payable a derived the Issuinto by er from from a loan agreement,and between lhe MEM and die B�v er bier to or auslyd>ks Interest itssuance of�Series g-anelufs m. bolt Seertae or pledge af t aermral credit or taxing power of Cattier County, Stab of Plaids or my political subdMstott ar maw thereof. Issuance of the Series 2034 Bonds shell be subject to several aondlfeota indenting satisfactory doear. mmdaffon,the approval by Mee enamel as to the tmamotrnet status of the intcreee�rpesstt an ail vals ter tire The Yvp get the Settee 2024 BeadsBeads and receipt of aeeeaary toWORMheard mid all persons IIO nob be interested w.p b0 even an opportuimed meeting shall be a nity to be head eancerntng ma sans. Written arawnems also be submit. fed to PPic wwwtlh.Cotner .725 Hioh DrIve.N Flori�and should he dearly marked"Res Educational Facilities Bands ans ((Reepl Palm Academy matted Lto ieea Series�tved I 1x, Written 0 P.M. tiavember 14,1214. PERSONS ARE ADVISED THAT IF THEY DECIDE TO APPEAL ANY DECISION MADE AT THIS PUBLIC HEARING, THEY WILL NEED A RECORD OP THE PROCEEDINGS, AND. FOR SUCH PURPOSE. THEY__MAAY NHS ED TO ENSURE THAT A VERBATIM RECORD OP THE PROCEEDINGS IS MADE,WHICH RECORD INCLUDES THE TESTS- ..„:NY AND = MINCE PON RICH E AP i IS TO BE =D. T'.l'1i' i'i-\ •':?.r,al.■mi.'.,..'77t. e'i:•:.,,, ICA %-4 auhi♦1' y.\a • :17tL?7- „ -rf- •r 'T- - •1 T -': )'. -• • ISSUER'S PAGE ON THE COLLIER • NTY WUBSITE AS POE, • : hltpsJAwww.col I th0rl- tiY FOR QUESTIONS OR CONCERNS. OR, TO INSPECT ANDJOR COPY DOCUMENTS RELATING TO THE APP-LICATION OR. IN ACCOR- DANCE WITH THE AMERICANS WITH DISABILITIES ACT.PERSONS NE1EDING A SPECIAL p�ACCCO�TION TO PARTICIPATE IN TH deal NNOLLTERTTHANR THRBR E(3) DAYS EASE PRIOR TO THE DONALD I valla COLLIER COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY Donald A.Plckworth,Executive Director November 10 2024 LSAR0187860