Resolution 1996-492
NOV - 5 1996
RESOLUTION NO. 96. 492
RESOLUTION BY THE BOARD OF COUNTY
COMMISSIONERS OF COLLIER COUNTY,
FLORIDA, ESTAIlLISIIING AN ADDITIONAL
FUNDING SOURCE FOR THE LELY GOLF
ESTATES MEDIAN IlEAUTIFICATION PROJECT.
WHEREAS, the Board of County Commissioners on, December 22. 1997.
adopted Collier County Ordinance No. 87-100, which created the Lely Golf Estates
Beautification Municipal Se.rvices Taxing Unit for the purpose of beautifying and
maintaining median strips of streets and certain other public areas lying within the
Unit boundaries; and,
WilER EAS, the Board of County Commissioners, on November 26, 1991,
adopted Ordinance No. 91 - 104, amending Ordinance No. 87.100, providing for
the levy of ad val~rem taxes not to exceed one and one-half mills in anyone fiscal
year; and
WHEREAS, bids have been received for the final phase of median landscape
and irrigation improvements within the Unit; and,
WHEREAS, the total cost of said improvements exceeds the amount available
in the ad valorem budget by 50,000 dollars; and,
WHEREAS, the Lely Golf Estates Beautification Advisory Committee has
requested that the Board of County Commissioners advance funds to the Unit, in the
amount of 50,000 dollars, to enable completion of all remaining improvements during
fiscal year 96/97; and,
WHEREAS, the funds shall be repaid over three years with interest at the rate
established by the State Board of Administration; and,
WHEREAS, the Collier County Finance Committee, on August 5. 1996,
reviewed this request and recommended that the advance funds, in the amount of
50,000 dollars, be provided from Fund 341.
NOW, THEREFORE, BE IT RESOLVED IlY THE 1l0ARD OF COUNTY
COMMISSIONERS OF COLLIER COUNTY, FLORIDA, that:
!lOV - 5 1996
Section 1 . The Lely Golf Estates Beautification Municipal Services Taxing
Unit seeks a short-term funding source to enable immediate completion of the
remaining planned improvements within the Unit.
Section 2. The Board of County Commissioners hereby confirms the use of
Fund 341 as a short-term funding source for the Lely Golf Estates Median
Beautification Project in the amount of $50,000; said fund will be reimbursed over
three years with interest at the rate established by the State Board of Administration
through the use of ad valorem revenue in Fund 152.
Section 3. This Resolution shall take effect immediately upon adoption.
This Resolution adopted this 5"-< day of //;Z ~-- ~_ __, 1996, after
motion, 3econd a~d majority vote.
':A'!fTEST:
'. . DWIGHT E; BROCK, CLERK
BOARD OF COUNTY COMMISSIONERS
COLLIER COUNTY, FLORIDA
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By:
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IN C. NORRIS, CHAIRMAN
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-....r,. ).'.proved as.t!l form and legal
". sufficieQcy: ..,
':.'JJ(~{l'jj/({iL^,- -
Heidi F. Ashton
Assistant County Attorney
HEH/js/68061 hgh. 03 3