Resolution 1998-495
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RESOLUTION 98- 495
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A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS OF COLLIER
COUNTY, FLORIDA. APPROVING THE ISSUANCE OF NOT EXCEEDING
$8,800,000 HOUSING FmANCE AUTHORITY OF COLLIER COUNTY MULTI-
FAMILY HOUSING REVENUE BONDS, SERIES 1999 (SADDLEBROOK VILLAGE
P!lASE II) PURSUANT TO CHAPTER 159, PART IV, FLORIDA STATUTES,
AS AMENDED.
BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF COLLIER
c:JUr.;ri. FLORIDA:
Section 1. Recitals.
a~c declared that:
It is hereby found, ascertained, determined
}\. The HOUSing Finance Authority of Collier County Ithe "Iss;Jer"l
is a puchc corporation of the State of Florida, was duly created by
Ord:::ance No. 80-66 of the Board of County Commissioners of Collier
CO",,:,', Florida, and 1S a body corporate and politic duly created and
ex:s:lng as a local governmental body and a public instrumentality for
t~e ~urpose of assisting qualifying housing projects situated in Collier
Coun:!, Florida Ithe "County"), under and by virtue of Chapter 159. Part
IV, norida Statutes, Ithe "Act"), to provide for the issuance of and to
iSS~0 and sell its obligations for lawful purposes under the Act.
B. The Issuer has Submitted to the Board of County Commissiollers
a copy of its Resolution (the "Reso!ution"},attached hereto as Exhibit
A, ~lth respect to the Issuance by It of not to exceed $8,000,000 HOUSing
Flna:-:ce Authority of Collier County Multi-Family Revenue Bonds. SerIes
1999 I Saddl ebrook Vi llage Phase II) I the "Bonds").
C. A public hearing was held on the Resolution on December 3,
1998, \o,'hich public hearing was duly conducted by the Issuer upon
reasonable public not'ce, copies of said notice being attached to the
Resolution. and at such hearing interested individuals were afforded the
opportunity to express their views, both orally and in writing, on all
matters perta,ning to the location and nature of the proposed project and
~o t!~~ iSsuance of the Bonds.
D. The Issuer
Coun::- Commissioners
intel-est on the Bonds
appllcable provisions
1986. as amended.
has recommended and requested that the Board of
approve the issuance of the Bonds so that the
will be exempt from federal income taxation under
of Section 1471a) of the Internal Revenue Code of
E. The Resolution shows that the Issuer has acted in accordance
With all applicable requirements of law, and that the issuance of the
Bonds ~ill serve significant public purposes as provided in the Act.
F. The purpose of the Act will be effectively served, and it is
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necessary and desirable and in the best interest of the County that the
iss~ance of the Bonds be approved by the Board of County Commissioners.
1 6 I 2
G. The Bond shall not constitute a debt, liability or obligation
of ~811ier County, its Board of County Commissioners, officers, agents
o~ ~C1P!"yees, or the State of Florida or any political subdivision
ther~of, but shall be payable solely from the revenues provided
thet'efore, and neither the faith and credit nor any taxing power of
Collier County, or the State of Florida or any political subdivislOn
the,eof is pledged to the payment of the principal of, premium, if any,
and tnterest on the Bond. No member of the Board of County Commissioners
of Ccllier County or any officer, agent, or employee thereof shall be
liable personally on the Bond by reason of its issuance.
Section 2. Approval of Issuance of the Bonds. The issuance of the
Bonds as contemplated by the Resolution is hereby approved, however this
approval shall in no way be deemed to abrogate any regulations of the
Count! and the project contemplated by this resolution shall be subJect
to dll such regulations. i:1cluding, but not limited to, the County's
Gr:O'^':h r'~anagement Plan, all concurrency requirements contained thereIn,
and :he Collier County Land Development Code.
Section 3. Repealing Clause.
thereof in conflict herewith, to the
superseded and repealed.
All resolutions or orders and parts
extent of such conflict, are hereby
Section 4. Effective Date.
lmmediately upon its adoption.
\e.llb..
PASSED AND ADOPTED THIS ') '_.
This Resolution shall take effect
day of December, 1998.
ISEA"j
ATTEST:
Dwig~t E. Brock, Clerk
COLLIER COUNTY, FLORIDA
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By :\j --1:t~.) " cet (-
Deputy Clerk
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a Berry, Chairma
Board of County Commissioners
of Collier County, Florida
Approved as to form and legal sufficiency:
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David Weigel .
County Attorney
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