Resolution 2001-483
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RESOLUTION NO. 01- 483
RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS
OF COLLIER COUNTY, FLORIDA, AMENDING RESOLUTION
NO. 01-456 IN CERTAIN RESPECTS WHICH RESOLUTION NO.
01-456 AUTHORIZED THE ISSUANCE OF THE COUNTY'S
CAPITAL IMPROVEMENT REVENUE BONDS, SERIES 2001;
AND PROVIDING AN EFFECTIVE DATE.
BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF
COLLIER COUNTY, FLORIDA:
SECTION 1. FINDINGS. It is hereby found and determined that:
(A) On November 27, 200 I, the Board of County Commissioners (the "Board") of Collier
County, Florida (the "Issuer") duly adopted Resolution No. 01-456 (the "Supplemental Resolution"),
which Supplemental Resolution supplemented Resolution No. 85-107 of the Issuer (as amended and
supplemented, the "Bond Resolution") and authorized the issuance of the Issuer's Collier County,
Florida Capital Improvement Revenue Bonds, Series 2001 (the "Bonds").
(B) At the time the Supplemental Resolution was approved by the Board it was
anticipated that the Bonds would be priced and issued during calendar year 2001 and, accordingly,
the Board provided the Bonds pursuant to the Supplemental Resolution with the series designation of
"Series 2001 ".
(C) Due to current market conditions for tax-exempt obligations such as the Bonds, it is
now anticipated that the Bonds will be issued in calendar year 2002 and the Board finds it necessary
and desirable to amend the Supplemental Resolution so that the series designation for the Bonds
corresponds to the calendar year in which the Bonds are issued.
SECTION 2. AUTHORITY FOR THIS SUPPLEMENTAL RESOLUTION. This
Supplemental Resolution is adopted pursuant to the provisions of the Act (as defined in the Bond
Resolution) and the Bond Resolution.
SECTION 3. AMENDMENT TO SUPPLEMENT AL RESOLUTION. The
Supplemental Resolution is hereby amended by replacing each and every reference to "Series 2001"
with "Series 2002".
SECTION 4. GENERAL AUTHORITY. The members of the Board and the officers,
attorneys and other agents or employees of the Issuer are hereby authorized to do all acts and things
required of them by this supplemental resolution, the Supplemental Resolution or the Bond
Resolution or desirable or consistent with the requirements hereof, the Supplemental Resolution or
the Bond Resolution for the full punctual and complete performance of all the terms, covenants and
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agreements contained herein, in the Supplemental Resolution or in the Bond Resolution and each
member, employee, attorney and officer ofthe Issuer or the Board is hereby authorized and directed
to execute and deliver any and all papers and instruments and to do and cause to be done any and all
acts and things necessary or proper for carrying out the transactions contemplated hereunder.
SECTION 5. SEVERABILITY AND INVALID PROVISIONS. If anyone or more of
the covenants, agreements or provisions herein contained shall be held contrary to any express
provision oflaw or contrary to the policy of express law, though not expressly prohibited or against
public policy, or shall for any reason whatsoever be held invalid, then such covenants, agreements or
provisions shall be null and void and shall be deemed separable from the remaining covenants,
agreements or provisions and shall in no way affect the validity of any ofthe other provisions hereof
or of the Bonds.
SECTION 6. BOND RESOLUTION AND SUPPLEMENTAL RESOLUTION TO
CONTINUE IN FORCE. Except as herein expressly provided, the Bond Resolution and the
Supplemental Resolution and aH the terms and provisions thereof are and shaH remain in full force
and effect.
SECTION 7. EFFECTIVE DATE. This Supplemental Resolution shan become effective
immediately upon its adoption.
DULY ADOPTED, in Regular Session this 1 I th day of December, 2001.
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County Attorney