Resolution 1998-494
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RESOU;TION ~O, <)8-!2.1..
A RESOI.IITIO~ OF TIlE BOARD OF COUNTY COMMISSIO~ERS OF
COI.I.JU( COUNTY. FLORIDA APPROVING THE ISSUANCE OF AN
I~Dl:STRII\1. REVENUE BOND I~ AN AMOUNT NOT TO EXCEED
SUIJIJ.f)I)f) BY TilE COLLIER COUNTY INDUSTRIAL DEVELOPMENT
AI'TIIORIT),
\\'IIFREAS. 011 No\'ember JO, 1998 a public hearing was held by the Collier ("oum)'
1I1lJuslri..1I Dc,'clopl11l:iH Authority (the "Authority") wilh regard to the issu<1l1cC or lhc
Alllhorily"S Variahle Rale Industrial RC\'CIHII.' Bond. Series 1998 (Scacrcsl School. Inc. Project)
ill an .lggrcgalc princip:lI JIllOUl1l1l01 to exceed 51.200.000 (the "nond"); .llld
"'''FREAS. the proceeds oflllc Bonu will be used by Ihe Authorily 10 makl.' .1 loan to
SI..';ICrl..'SI SdllJol. lilt'. (Ihe "School") to IirHlncc and rcfrn;:mcc acquisition. construction and
\;~lljpping or t..'dUC;Jlioflal facililii:S fnr the School's rri\'Jlc $cl1ool facilities IOGlled al 71011 Da\'ls
Boule\'<.InJ. Naples. Floridil <.Il1d p;Jying the costs of issuance cflhe Bond (all Oflllc propcrly
fil1;JllCcd or refinanced with proceeds of the nond will be owned and operated by [he School);
ilnd
WflEREAS. tlK' Bond will Jlol hI? all oblig:l\ion of the ("Olllll)'. ..lilt.! will he p;iyabh: Irom
li.lI1ds of Ihe School; and
\\'11EREAS. pursuant 10 the reyuircmenls oflhe Intcmal RC\'CllUC code of 1986, as
;1I111:rhkJ (I lie "("Otk"j, ;IS;I pren:quisitc!O IMc issuance orlllc Bond it is necc:ss.lry [hat the Board
orCounly COllllllisslonc:rs ofeollier COlmlI' appro\'e lhe issuance lhereofllner salt! puhlic
hl,'aring; ~tnd
WHEREAS. the Board ofC-ollnty Commissioners desires to e\'idencL' its <.1ppro\'a1 ofllle
issuance ofllu: Bond solely 10 satisfy Ihe rcquircmcrlls orthe Code,
NOli', TIIEREFORE, BE IT RESOL V Ell BY THE BOARD OF COUNTY
COMMISSIONERS OF COLLIER COUNTY THA T:
Sectiol1 1. The Board ofCtlllt1ly COnlmissioners hereby arrr'J\'L's till' issuance ol'lhL'
Bond soldy lor purposes of SCCliol1 1": 7( n of the Code.
Section:!. The Uond slwllnol consliwte a debt. liability or obligation of Collier Coullly.
its Board OJ'Coullly Commissioners, officers, agents or employees, or Ihe SI~lle of Florida or ilny
polilical subdivision thereof, hUI sh.lIl he pilyablc solely from the revenues provided therefore.
<llltJ neither the faith OInd credit nor any IJxing power or Collier County, or (he SI;lte of Florid~l or
;IIlY political subdivision thereof is pledged to the payment orlhe principal of. premium. if.my,
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al1d 1I1l~r~st 011 the Bond, No memher of the Board of County (ommission~rs ofC"lIier ("Ullly
"r .111\ <)I'ticer. agellt. or ~mployee Ihereofshall be liable personally on the Bond by r~ason ol'its
ISSU~I!l((.'.
Seetioll 3, This apprO\'al shall in no way be deemed to abrogate an)' regulations of
("lIlCr Count)'. alld Ihe Proje~t cOlltemplated by this Resolution shall be subj~ctlo all such
regulations. including, but not limi!~d to. the Collicr County Growth Managemcnt Plan. all
cOllclIlTency rcquirements eOlllaincd Iherein. and the Collier County [.and De\'~lopmcnt Code,
S~clion 4, Ifany section. paragraph. clause or provision of this Resolution shall be held
III be 1I1\',did or incfTcctive for any reasoll. the rcmainder of this Rcsolutiol1 shall continue in I'ull
force and effect. it bcing cxprcssly hereby found and declared that the remainder of Ihis
Resoluliol1 would have heen adopted despite the invalidity or ineffectivencss of such section.
paragraph, clause or provision,
S~clion 5, This Resolution shall take effect immediately upon its adoption,
PASSED and Adopted thislS. day of December. 1998,
ATlIS!':
Dwight E, Brock. Clerk
COLLIER COUNTY, FLORIOA BY
ITS BOARD OF COUNTY
COMMISSIONERS
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\:~ ~\<)5i J:L
Deputy Clerk
[SEALI
Apprm'ed as \0 fonn and legal sufficiency:
b~~.,_ (~____
David C. Weigel. Coun' (tome)'
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