Resolution 1995-374
JUN 2 0 WJ
RBSOLtrnOH 95- 374
A RESOLUT:i.ON OF THE BOARD OF COUNTY COMMISSIONERS OF
COLLIER CC ONTY, FLORIDA, APPROVING THE ISST1A1ICE OF NOT
EXCEEDING $16,000,000 HOUSING FINANCE AUTHORITY OF
COLLIER CXJONTY MULTI-FAMILY REVENUE BONDS, SERIES 1995
(SAXON MANJR ISLES PROJECT) PURSUANT TO CHAPTER 159, PART
IV, FLORII'A STATUTES, AS AMENDED.
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BE IT RESO'NED BY THE BOARD OF COUNTY COMMISSItNERS OF COLLIBR
COUNTY, FLORIDA:
S.c~ion 1 R.ci~.l.. Ct is hereby foun(.~, ascertained,
determined and declared that:
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A. The: rousing Finance Authority of Colli .er County (the
"Issuer.) is a :l\1blic corporatic n of the State of F; orida, was duly
created by Hom!.! Rule Ordinance No. 80-66 of the ~.;oard of County
Commissioners ~f Collier County, Florida, and is a body corporate
and politic dul y created and ex. sting as a local gc 'rernmental body
and a public instrumentality for the purpose of assisting
qualifying housing projects situated in Collier County, Florida
(the .COunty"), under and by virtue of Chapter 159, Part IV,
Florida Statutes, (the .Act.), to provide for the ~ssuance of and
to issue and sell its obligations for lawful corpc;,:-ate purposes.
B. The Issuer has sur nitted to the BOlrd of County
Commissioners a copy of its Rt solution (the "Resolution.), with
respect to the issuance by it :>f not exceed $16, ')00,000 Housing
Pinance Authority of Collier (':lunty Multi-Family Revenue Bonds,
Series 1995 (Saxon Manor Isles ')roject) (the "BonCtu").
C. A pub)ic hearing was held on the Resolution on June 1,
1995, which public hearing was duly conducted by the Issuer upon
reasonable public notice, and at such hearJng interested
individuals were afforded the opportunity to exprE :~s their views,
both orally and in writing, on all matters pel',;aining to the
location and nature of the proposed project and to :;he issuance of
the Bonds.
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D. The Ie Juer has recorm mded and requestec. that the Board
of County Commi~sioners apprOVE the issuance of tl! Bonds so that
the interest on the Bonds wi 1 be exempt from federal income
taxation under applicable pro isions of Section 147 (a) of the
Internal Revenue Code of 1986, 1S amended.
E. The R !solution shows that the Issuer has acted in
accordance with all applicable requirements of la\', and that the
issuance of the Bonds will serve significant public purposes as
provided in the Act.
F. The purpose of the Act will be effectively served, and it
is necessary and desirable and in the best interes'~. of the County
that the issuancp. of the Bonds f.H! approved by the ~~:.oard of County
Commissioners.
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The Bonds
shall nOhtfRnst~W..e
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a debt, ;)r a pledge of
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faith and credit of the Issuer, the County, the State of Plorida or
any political .subdivision thereof, and neither the Issuer, the
County, the State of Florida nor any poli~ical subdivision thereof
shall be liable thereon; nor in any event shall the Bonds be
payable out of any funds or properties other than those of the
Issuer, and the.1 only to the extent provided in the Indenture. No
member of the B')ard of County Commissioners or any officer thereof
shall be liable personally on the Bonds 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 alproval shall in no way be deemed to abrogate any
land developme.1t regulations of the County and the project
contemplated b" this resolution shall be subject to all such
regulations, ir,cluding, but no!: limited to, the (:ounty's Growth
Management Plan and all concurreacy re~l1irements cor tained therein.
Sec~ion 3, Repealing ClaulJe. All resolution:J or orders and
parts thereof il conflict herewj th, to the extent 01. such conflict,
are hereby suporseded and repealed.
Section 4. Effec~ive Date. This Resolution sl!all ~ake effect
immediately upon its adoption.
JUN 2 0 1995
PASSED AND ADOPTED THIS
1995.
c;il.d
day of ~ __~-/
(SEAL)..
ATTEST:
/,Dwight Eo Brock, Clerk
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( ')LLIER COllllT1r. P>1
thews, ~hairman
Board of Co ty Com, i ssioners
of Collier County, Plorida
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t .;,I.BY~~__&;- (l t1.
';.., o'!'. Deputy Cle r
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Approved as to form and legal lfficiency:
~1-' d ~. 1#.f'
Kenneth B 0 CuylE':-
County Attorney
lODIC 1.)00 PAGE 182
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