SUBJECT
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Adopt resolution stating intent to take proceeds from the sale of the Waverly Utility System and apply them to an alternate qualifying use under Section 1.141-12(e) of the Treasury Department Regulations and approve Supplement to Certificates Relating to Tax, Arbitrage and Other Matters
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DESCRIPTION
The Board adopted a Resolution on December 16,2025 (the "General Resolution"), authorizing the sale of its Waverly Utility System to the City of Lake Wales. The proposed resolution and approval of the Supplement to Certificates Relating to Tax, Arbitrage and Other Matters is necessary to show the Board’s intent to use the funds from the sale for other qualifying uses under Section 1.141-12(e) of the Treasury Department Regulations.
RECOMMENDATION
Adopt resolution stating intent to take proceeds from the sale of the Waverly Utility System and apply them to an alternate qualifying use under Section 1.141-12(e) of the Treasury Department Regulations and approve Supplement to Certificates Relating to Tax, Arbitrage and Other Matters.
FISCAL IMPACT
No Fiscal Impact.
CONTACT INFORMATION
Randy Mink, County Attorney
863-534-7679