Resolution 2000-362
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RESOLUTION NO. 2000- 362
A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS
OF COLLIER COUNTY, FLORIDA APPROVING THE ISSUANCE
AND SALE OF REVENUE BONDS BY THE COLLIER COUNTY
INDUSTRIAL DEVELOPMENT AUTHORITY, AS REQUIRED BY
SECTION 147(t) OF THE INTERNAL REVENUE CODE, AS
AMENDED; PROVIDING FOR OTHER RELATED MATTERS.
Whereas, the Collier County Industrial Development Authority (the "Authority") is
a body corporate and politic of Collier County, Florida ("Collier County") created by Collier
County Resolution No. 79-34 duly adopted by the Board of County Commissioners on
February 27,1979 pursuant to Part III of Chapter 159, Florida Statutes, as amended, with the
power to issue revenue bonds for the purposes of financing a "project" as defined in Part II
of Chapter 159, Florida Statutes, as amended; and
Whereas, the Diaz Family Limited Partnership, a Florida limited partnership (the
HBorrower") and Gulf Coast American Blind Corporation, a Florida corporation (the
"Corporation") have applied to the Collier County Industrial Development Authority (the
HAuthority") to issue its Industrial Development Revenue Bonds (Gulf Coast American
Blind Corporation Project), Series 2000 in an aggregate principal amount not to exceed
$3,700,000 (the "Bonds"), for the purpose of making a loan to the Borrower, for the purpose
of providing funds, together with other available funds, to (a) finance a portion of the cost
of constructing and equipping two buildings of approximately 60,000 square feet, which will
be used for certain manufacturing operations ofthe Corporation (the "Project") and (b) pay
certain expenses incurred in connection with the issuance ofthe Bonds, including certain fees
and expenses incurred in connection with credit enhancement for the Bonds; and
Whereas, Section 147(f) of the Internal Revenue Code of 1986, as amended (the
"Code"), provides that the elected legislative body of the governmental unit which has
jurisdiction over the area in which the facility financed with the proceeds of tax exempt
bonds is located is to approve the issuance of such bonds after a public hearing; and
Whereas, the Board of County Commissioners of Collier County, Florida (the
"Board") is the elected legislative body of the County; and
Whereas, the Authority held a meeting on September 21, 2000 at which it adopted
Resolution No. 2000-0 1 (the "Inducement Resolution") approving the project, a copy of said
resolution being attached hereto as Exhibit "A"; and
Whereas, the Authority caused notice ofa public hearing to consider approval of the
Bonds and the location and nature of the Project to be financed with the proceeds of the
Bonds to be published on or before September 27, 2000 in the Naples Daily News, a
newspaper of general circulation in the County, and a copy of said notice is attached as