Resolution 1995-244
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RESOLUTION 95- 244
A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS OF
COLLIER COUNTY, FLORIDA, APPROVING THE ISSUANCE OF NOT
EXCEEDING $8,000,000 COLLIER COUNTY INDUSTRIAL
DEVELOPMENT AUTHORITY INDUSTRIAL DEVELOPMENT REVENUE
BONDS, SERIES 1995 (SOUTHERN RESEARCH INCORPORATED
PROJECT) PURSUANT TO CHAPTER 159, FLORIDA STATUTES, AS
AMENDED.
BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF COLLIER
COUNTY, FLORIDA:
Section 1. Recitals. It is hereby found, ascertained,
determined and declared that:
A. The Collier County Industrial Development Authority (the
"Issuer") is a public corporation of the State of Florida, was duly
created by Ordinance of the Board of County Commissioners of
Collier County, Florida, and is a body corporate and politic duly
created and existing as a local governmental body and a public
instrumentality for the purpose of assisting qualifying projects
situated in Collier County, Florida (the "County"), under and by
virtue of Chapter 159, Florida Statutes, (the "Act"), to provide
for the issuance of and to issue and sell its obligations for
lawful corporate purposes.
B. The Issuer has submitted to the Board of County
Commissioners a copy of its Resolution (the "Resolution"), with
respect to the issuance by it of not exceed $8,000,000 Industrial
Development Revenue Bonds, Series 1995 (Southern Research
Incorporated Proj ect) (the "Bonds").
C. A public hearing was held on the Resolution on March 24,
1995, which public hearing was duly conducted by the Issuer upon
reasonable public notice, and at such hearing interested
individuals were afforded the opportunity to express their views,
both orally and in writing, on all matters pertaining to the
location and nature of the proposed project and to the issuance of
the Bonds.
D. The Issuer has recommended and requested that the Board
of County Commissioners approve the issuance of the Bonds so that
the interest on the Bonds will be exempt from federal income
taxation under applicable provisions of Section 147 (a) of the
Internal Revenue Code of 1986, as amended.
E. The Resolution shows that the Issuer has acted in
accordance with all applicable requirements of law, and that the
issuance of the Bonds will serve significant public purposes as
provided in the Act.
F. The purpose of the Act will be effectively served, and it
is necessary and desirable and in the best interest of the County
that the issuance of the Bonds be approved by the Board of County
Commissioners.
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G. The Bonds shall not constitute a debt, or a pledge of
faith and credit of the Issuer, the County, the State of Florida or
any political subdivision thereof, and neither the Issuer, the
County, the State of Florida 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
Issuer, and then only to the extent provided in the Indenture. No
member of the Board of County Commissioners or any officer thereof
shall be liable personally on the Bonds by reason of its issuance.
Section 2. Approval of Issuance of the Bonds. The issuance
of the Bonds as contemplated by the Resolution is hereby approved,
however this approval shall in no way be deemed to abrogate any
land development regulations of the County and the project
contemplated by this resolution shall be subject to all such
regulations, including, but not limited to, the County's Growth
Management Plan and all concurrency requirements contained therein.
Section 3. Repealing Clause. All resolutions or orders and
parts thereof in conflict herewith, to the extent of such conflict,
are hereby superseded and repealed.
Section 4. Effective Date. This Resolution shall take effect
immediately upon its adoption.
PASSED AND ADOPTED THIS dl
1995.
day Of~""""'/
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DWI,GHT E. BROC!)l, CLERK
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BOARD OF COUNTY COMMISSIONERS
COLLIER COUNTY, FLORIDA
atthews, Cha rman
ounty Commissioners
County, Florida
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Clerk of the Board of County
Commissioners of Collier County, Florida
Approved as to form and legality:
Kenneth B. Cuy
County Attorne
c:\auth\re.95.1da
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