Resolution 1992-173
RUOLU'l'IOJI 'l2-17'l
A RUOLU'l'IOJI 07 'rJUl BOARD OJ' COmrn
COKKISSIOIID8, OJ' COLLID comrn, I'LORIJ)A,
unovnro 'rJUl IS811UCB 07 .O'! UCBBIlI.O
",345,000 IBDUSTRIAL J)~ RAV~U~
BOJQ)S, SDIES 1992A ('rJUl WILLOUGJI AT JQPLES
PROJEC'l') AJID .O'! UCBm)IBO '3,900,000 TAXABLE
IBD17STRIAL J)EVBLOPriDlT RAVli.U~ BOJQ)S, SElUES
1992B ('l'J[B WILL017GB AT &PLES PROJECT) BY THE
COUZD comrn IBDUSTRUL J)EVBLOPHD'l'
AUTBORITY APPROVI.G 'rJUl ISSUUCE OJ' IlfDUSTRIAL
J)EVBLOPXUT RAYUlU. B01fDS PUaSt1UT TO CBAP'l'D
159, PARTS II AJID III, J'LORIJ)A 8'1'ATU'l'ES, AS
AHElfDEJ) 1 AJID l'ROVIJ)UO U EJ'J'ECTIVE J)ATE.
WR?D~ the Collier County Industrial Development Authority
(hereinarter reterred to as the "Authority") is a public body
corporate and pOlitic, duly created and existinq as a local
qovernaental body and is authorized and empowered by Chapter 159,
Parts II and III, Plorida Statutes, as ...nded (the "Act"), to make
and execute tinancinq aqr....nt., contract., de.ds and other
resolutions necessary or convenient ror the purpose or racilitatinq
the financing or refinancing or the acquisition, construction and
equippinq of "projects" a. defined in the Act, including machinery,
equipaent, land, rights in land and other appurtenances and
facilitie. related thereto, to the .nd that the Authority may be
able to promote the .conomic qrowth of the State of Plorida,
increase opportunities for qainrul employment and otherwise
contribute to the welrare ot the state ot Plorida and its
inhabitants, and to tinance the cost ot such projects by the
,: i.suance ot rev.nu. bond.; and
,;tI'
, wmralA8, on March 2, 1992, the Authority did, after a duly
noticed public hearinq, adopt its resolution (the "Resolution"),
.tatinq its int.nt to issue not .xceeding $6,345,000 Industrial
:. Deve1~nt Revenue Bonds, Series 1992A (The Willough at Naples
'Project) and not exc.edinq $3,900,000 Taxable Industrial
Development Revenue Bonds, Series 1992B (The Killouqh at Naples
Project) (the "Bonds"), tor the purpose of refundinq all or part of
. certain outstanding bonds. ot the Authority, payoff a parity
aortqaq., finance the cost of renovating the facility of Naples
P...arch and Counaelinq Center, Inc. and to rinance costs of
issuance, a copy ot the Resolution (without exhibits, which are on
tile with the Authority) is attached; and
~1A8, Section 159.287(1), Plorida Statutes, provides for
public approval of c.rtain bonds by the Board ot County
co.aissioner. ot Colli.r County, Plorida the ("Board"); and
the Board de.ire. to express its approval of the
'. 000",[ 26
"
...... .. ROlf, 'fBDBJ'0JUI, BB IT USOLVIlJ) BY THE BOARD 01' COtnlTY
.1{. COIDaSSIOJID8 07 COLLID COu"'d, J'LOJlI1)AI
.,
section 1. Bonds Approved. The Board hereby approves,
within the meaning ot sections 125.01(1)(2) and 159.287(1), Florida
Statutes, the issuance by the Authority of not excep.dinq $6,345,000
Industrial Development Revenue Bonds, Series, 1992A (The Killough
at Naples Project) and not exceeding $3,900,000 Taxable Industrial
Development Revenue Bonds, Series 1992B (The Killough at Naples
Project, to finance all or part of the retunding of certain
obliqations of the Authority all in the manner set fort in the
Resolution.
section 2. Liaited Approval. The approval qiven herein shall
not be construed as an approval ot any necessary rezoning
applications or approval or acquiescence to the alteration of
existinq zoning or land use nor approval for any other regulatory
peraits relating to the Project and the Board shall not be
construed by reason of its adoption of this resolution to have
waived any riqht of the Board or estoppinq the Board from asserting
any riqhts or responsibilities it may have in such reqard.
Section 3. The Bonds shall not constitute a debt, or a
pledge of faith and credit of the Authority, the County, the State
of Plorida or any political subdivision thereof, and neither the
Authority, the county, the Stats of Plorida nor any political
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 Authority, and then only to the extent provided in the
Indenture. No member of the Board of County commissioners of the
county or any ofticer thereof shall be liable personally on the
Bonds by reason of their issuance.
J)ULY AnOPTEJ) in reqular session this 17th day of Mm-,.h
A.D., 1992.
BOAR!) OJ' comrn COKKISSIOBDS
07 )\ C::O"ux, I'LORIJ)A
By, 1 ,t t,
Chairman :
'--
APPROVED AS TO PORM
~.(],
.
By:
Kenneth
Collier
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