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Resolution 2025-276RESOLUTION NO. 2025-276 A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS OF COLLIER COUNTY, FLORIDA APPROVING THE ISSUANCE AND SALE OF REVENUE BONDS IN ONE OR MORE SERIES BY THE COLLIER COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY, AS REQUIRED BY SECTION 147(f) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED; AND 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 or refinancing the costs of a "project" as defined in Parts II and III of Chapter 159, Florida Statutes, as amended; and WHEREAS, Naples Community Hospital, Inc., a Florida not for profit corporation (the "Hospital".), has requested the Authority to issue its Healthcare Facilities Revenue Bonds (NCH Healthcare System Projects), in one or more series (the "Bonds"), the proceeds of which will be loaned to the Hospital, for the purpose of financing or refinancing, including through reimbursement the (i) acquisition, design, construction, equipping, furnishing, and/or expansion of certain health care facilities, including the related facilities, fixtures, furnishings, and equipment, all as more fully described on Schedule I attached hereto (collectively, the "Projects"); (ii) funding of capitalized interest for the Bonds, if deemed necessary or desirable by the Hospital; and (iii) payment of certain costs of issuing the Bonds, including but not limited to the premium for a new issue municipal bond insurance policy; 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 or refinanced 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 Collier County; and WHEREAS, the Authority caused a notice (the "Notice") of a public hearing to consider approval of the Bonds and the location and nature of the Projects to be published on or before November 4, 2025, in the Naples Daily News, a newspaper of general circulation in Collier County, a copy of said Notice being attached as Exhibit A to the Authority Resolution referred to below: and WHEREAS, the Authority held a special meeting and held a public hearing on November 17, 2025, at which meeting it adopted a resolution (the "Authority Resolution") containing certain findings and authorizing the issuance the Bonds for the purpose of financing or refinancing, including through reimbursement, of the costs of the Projects, as described in the CAO Authority Resolution, in accordance with the provisions of Section 147(f) of the Code, a copy of which Authority Resolution is attached hereto as Exhibit A; and WHEREAS, for the reasons set forth above, it appears to the Board that the approval of the issuance and sale of such Bonds to finance or refinance, including through reimbursement, the costs of the Projects, the funding of capitalized interest for the Bonds, if deemed necessary or desirable by the Hospital, and the payment of certain costs of issuing the Bonds, as required by Section 147(f) of the Code is in the best interests of Collier County. NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF COLLIER COUNTY, FLORIDA, THAT: SECTION 1. APPROVAL OF ISSUANCE OF THE BONDS. This Board hereby approves the issuance of the Bonds by the Authority for the purposes described in the Notice and in the Authority Resolution pursuant to Section 147(f) of the Code. The Bonds shall be issued in an aggregate principal amount not to exceed $130,000,000, in one or more series, bear interest at such rate or rates, mature in such amount or amounts and be subject to prepayment as are approved by the Authority pursuant to the Authority Resolution and a certain bond resolution to be adopted by the Authority prior to and in connection with the authorization for the issuance of the Bonds, without the further approval of this Board. The Bonds shall not constitute a debt, liability or obligation of Collier County, the Board, any officer, agent or employee of Collier County, the State of Florida (the "State") or any political subdivision thereof, but shall be payable solely from the revenues provided therefor, and neither the faith and credit nor any taxing power of Collier County or the State or any political subdivision thereof is pledged to the payment of the principal of, premium, if any, and interest on the Bonds. No member of the Board or any officer or employee thereof shall be liable personally on the Bonds by reason of their issuance. This approval shall in no way be deemed to abrogate any regulations of the City of Naples or Collier County, as applicable, for any portions of the Projects located within the regulatory jurisdiction of the City of Naples or Collier County. The Projects shall be subject to all such regulations, including, but not limited to, as applicable, the City of Naples or the Collier County Growth Management Plan and all concurrency requirements contained therein and the City of Naples or Collier County Land Development Code. SECTION 2. SEVERABILITY. If any section, paragraph, clause or provision of this resolution (this "Resolution") shall be held to be invalid or ineffective for any reason, the remainder of this Resolution shall continue in full force and effect, it being expressly hereby found and declared that the remainder of this Resolution would have been adopted despite the invalidity or ineffectiveness of such section, paragraph, clause or provision. 2 CAO SECTION 3. EFFECTIVE DATE. This Resolution shall take effect immediately upon its adoption, and any provisions of any previous resolutions in conflict with the provisions hereof are hereby superseded. PASSED and ADOPTED this 9th day of December 2025. ATTEST: ZRYSTAL K. KINZEL, CLERK Deputy Clerk A�IB$ cal( p Y {�aa`,lr►ature only. 3 BOARD OF COUNTY COMMISSIONERS COLLIER COUNTY, FLORIDA By: • Burt L. Saunders, Chairman CAO