Resolution 1986-188
~OOIC<. ..098 PAGE 39
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A RESOLUTIONAMs . . ...ESOtUTIONNO. 85-107,
ADOPTED ON A~RfL.30,1985<,WHICH IS ENTITLED
"ARESOLUTIONAtJTHORIZtNG~BE ISSUANCE OF NOT
EXCEEDING $29,625,000 CA~ITAL IMPROVEMENT
REVENUE REFUNDING BONDS, SElltIES 1985, OF THE
COUNTY TO PINANCE THE-cOST OP REFUNDING
CERTAIN OUTSTANDINGOBL.IGATIONS OP 1l'jlE
COUUTY1 PROVIDING rot ~HE RIGHTS O~~~
HOLDERS O'SUCHBQNDS,. PROVIPINGPORTHB
PAYMENT THEREOP, MAKING CERTAIN OTHER COVBlAANTS
AND AGREBMENTSIN CONNECTION WITH THE. ISSUANCE
OF SUCH BONDSrAND~R()VIJ)ING ANEFPECTIVE
DATE"; '1'0 PROVIbEFORTHE ADDITION OF SECTION
19 M. THEREOF; AND PROV'IDING AN EFFECTIVE DATE.
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SECTION 1. ADDITION OP SECTION i9 M.
The Or i9 inal Resolutlun is hereby amended
Section 19 M., which shall read ~$ foilowSl
M. Establishment ot Rebate Fund. The Issuer covenants and
agrees to establish with a bank or trust company in the State
Florida, which is eligible uhder the laws of such State
receive county funds, at stich ti.e a~ the Tax
shall be enacted into law" a fund to be known as the "Collier
County, Florida Capital improvement kevenue Bond Rebate Fund"
(the "Rebate Fund"). Monitys shlll be tra,nsferred
.
Rebate Fund and moneys ih the J~.bate "Fund shall
such manner a:l shail' be provided tn the
Arbitrage relating to the issuahce of the Bonds.
agrees to take all actions necessary to maintain the exemption of
the interest on the Bonds from pederal .income taxation" including ,I?
without limitation, complying with all applicable
the Tax Reform Act of 1986.
SECTION 2. OR.IGINAL RBSOLUTION '1'0 CONTINUE 1M
Except as herein expressly p~ovided~ the Origin,l
all terms and provisions thereaf shall,"
force and effect.
SECIfION 3. EPrBC'1'tVi: DJlt.~ I !,lthis })'am.ufda~or{~~s~lutiO
,... 'j~(J\i'iH.J': \)h'U;u\: '! .(:,I,}~Hql,~,;~11';Pd;;1'. ",i
shall become effectiv,einl1T!ediatllyupon its adoption. '
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This Amendatory ReeoluHorl aaopted
roll call vote as followst
Chairman Pistor ,.
Commissioner
);;
..
Commissioner Raue
Commissioner Bolland
Aye
Absent and not voting
Commissioner voss MdtlQn@d and
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DATED: set>temb.ar 30, 1936:, ' ,
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Approved as to ,form
and:legll sufficiendys'.
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