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HomeMy WebLinkAboutExhibit 2—ep ORB 1231'9 Pg 116 3 ! illi 110111i111 Ill li tlif it III 11 IN 11 gi 1111i 1111 I im INTERLOCAL AGREEMENT BY AND BETWEEN THE CITY OF CORAL SPRINGS, a Florida municipal corporation And THE CITY OF PALM BEACH GARDENS, FLORIDA, a municipal Florida Corporation creating the FLORIDA INTERGOVERNMENTAL FINANCE COMMISSION 1 p A. sea hcart%)xu Ta D r y e r 9.1.n. B fXife-40 Cl tf°" " t�Bto. F� ck f?� TABLE OF CONTENTS Page ARTICLE 1 DEFINITIONS 2 ARTICLE II THE COMMISSION 4 Section 2.01.Creation 4 Section 2.02.Purpose 5 Section 2.03.Powers 5 Section 2.04.Powers Not Exclusive 5 Section 2.05.Membership 5 Section 2.06.Duration of Commission 5 ARTICLE III MEMBERSHIP AND REPRESENTATION 6 Section 3.01.Membership 6 Section 3.02.Representation, 6 Section 3.03.Action 6 Section 3.04,Election of Board; Duties of Board; Appointment of Administrator 7 Section 3.05.Authority of Officers 7 Section 3.06.Resignation . 7 Section 3.07.Expenses 8 Section 3.08.Liability and Insurance 8 Section 3.09.Meetings 9 Section 3,10.Rules 9 ARTICLE IV THE BONDS 9 Section 4.01,Bonds 9 Section 4.02.Bond Proceeds 9 Section 4.03.Limited Obligations 10 Section 4.04.Validation 10 ARTICLE V MISCELLANEOUS 10 Section 5,01.Delegation of Duty 10 Section 5.02.Filing 10 Section 5.03.Imrnunity; Exemptions 10 Section 5.04.Limited Liability 10 Section 5.05.Arnendments 10 Section 5.06.Dispute Resolution 11 Section 5.07,Controlling Law 11 Section 5.08.Effective Date 11 • tl INTEUOCAL AUEEMENT THIS INTERLOCAL AGREEMENT (the "Agreement") made this day of , 2001 by and between THE CITY OF CORAL SPRINGS, a Florida municipal corporation and THE CITY OF' PALM BEACH GARDENS, a Florida municipal corporation, each one located in the State of Florida with their participation evidenced by the signatures of their authorized representatives (the "Members"); WHEREAS, each of the Members has the power to borrow funds, contract loans and issue obligations pursuant to applicable law; and WHEREAS, Part I of Chapter 163, Florida Statutes, as amended (the "Interlocal Act"), permits the Members, as governmental entities under the Interlocal Act, to enter into interlocal agreements with each other to jointly exercise any power, privilege or authority which such Members 'share in common and which each might exercise separately permitting the Members to make the most efficient use of their power by enabling them to cooperate on a basis of mutual advantage and thereby provide services and facilities in a manner and pursuant to forms of governmental organization that accords best with geographic, economic, population and other factors influencing the needs and development of such Members; and WHEREAS, Section 163.01(7)(d) of the Interlocal Act, authorizes the Members, pursuant to an interlocal agreement, to create a separate legal entity to exercise the common power of the Members to issue revenue bonds for the purpose of financing or refinancing capital projects pursuant to the Interlocal Act; and WHEREAS, the City of Coral Springs and the City of Palm Beach Gardens have determined that there is a substantial need to create such a Iegal entity to issue obligations to provide funding to governmental entities located in the State of Florida, including the Members, in order to finance or refinance capital projects within said governmental entities; NOW, THEREFORE, in consideration of the mutual covenants herein and in the Resolutions (as hereinafter defined), it is mutually agreed and understood by and among the Members that now or may hereafter execute this Agreement, that the Florida Intergovernmental Finance Commission, a legal entity and public body corporate and politic and a unit of local government for all of the privileges, benefits, powers and terms of the Interlocal Act (the "Commission"), is hereby created and charged with the structuring, administration and execution of the hereinafter described Program as follows: ARTICLE I DEFINITIONS The following definitions shall govern the interpretation of this Agreement: 2 J. 0.. log 11E.3 "Act" shall mean, collectively, Part I of Chapter 125, Part II of Chapter 166 and Part I of Chapter 159, Florida Statutes, as amended and other applicable provisions of law. "Administrator" shall mean such program administrator selected by the Commission to. administer the making, originating and servicing of the Loans or any portion thereof and to act as the Commission's agent as set forth in a Program Administration Agreement between the Commission and the Administrator. The initial Administrator shall be Dunlap & Associates. "Agreement" shall mean this InterIocal Agreement, including any amendments or supplements hereto, executed and delivered in accordance with the terms hereof. "Board" or "Board of Directors" shall mean the board of directors of the Commission, such Board consisting of representatives of each governmental entity that is a Member chosen in the manner set forth in Article III hereof. "Bonds" shall mean the bonds, notes (including commercial paper notes) or other obligations issued by the Commission pursuant to the terms of an Indenture or indentures as described in Article IV of this Agreement. "Commission" shall mean the Florida Intergovernmental Finance Commission, a legal entity and a public body politic created pursuant to the provisions of this Agreement, the Interlocal Mt and the Act. • "Director" shall mean each person serving as a member of the Board of Directors. "indenture" shall mean an indenture of trust to be entered into by and between the Commission and a qualified trustee bank or banks or a resolution of the Conarnission, including any amendments or supplements thereto executed and delivered in accordance with the terms thereof The Indenture shall be in such form and contain such provisions, covenants, representations and restrictions as shall hereafter be approved by the Commission, "Interlocal Act" shall mean Part I of Chapter 163, Florida Statutes, as amended. • "Loan" means an amount equal to the outstanding balance under a particular Loan Agreement or Participation Agreement. "Loan Agreements" or "Participation Agreements" shall mean the agreements, including the exhibits attached thereto, which the governmental entities shall execute prior to borrowing funds through the Program, which Loan Agreements or Participation Agreements shall be in the form approved by the Commission. "Member" shall mean a governmental entity which is a duly authorized member of the Commission pursuant to the provisions of this Agreement. Public agencies,.municipalities and counties may, participate in the Program and borrow proceeds of the Bonds, regardless of whether such governmental entities become Members of,the Commission. 3 _..� ....��. rg J.1b4 "Pro Rata Share" shall mean a fraction, the numerator of which isthe outstanding principal amount of the Loan with regard to a particular governmental entity and the denominator of which is the sum of the outstanding principal amounts of all Loans of the Commission. "Program" shall mean the financing program of the Commission created and structured pursuant to the terms and conditions of this Agreement and the Program Documents. "Program Documents" shall mean, collectively, the Indenture(s), any Loan Agreements, any Participation Agreement and such other agreements, contracts and other documents, including without limitation, contracts relating to credit enhancement, hedge agreements, investment agreements, opinions of counsel and certificates, as the Commission shall deem appropriate. • "Project" shall mean such capital improvements or facilities and other governmental undertakings approved by the governing body of a governmental entity for a public purpose as shall be financed or refinanced through the Program. "Public Agency" shall have the same meaning as set forth in Section 163A1(3)(b), Florida Statutes, as amended from time to time and which execute this Agreement and thereby agree to be bound by its terms. "Resolutions" shall mean those resolutions duly adopted by a governmental entity. authorizing the participation of such governmental entity in the Program pursuant to the provisions of this Agreement. "State" shall mean the State of Florida. "Trustee" shall mean such entity to be hereafter selected by the Commission to act as Trustee for the Program in accordance with the terms hereof and the Program Documents, and any successor or assigns. Whenever any words are used in this Agreement in the masculine gender, they shall be construed as though they were also used in the feminine or neuter gender in all situations where they would so apply, and whenever any words are used in this Agreement in the singular form, they shall be, construed as though they were also used in the plural form in all situations where they would so apply. ARTICLE II THE COMMISSION SECTION 2.01. CREATION. There is hereby created the "Florida intergovernmental Finance Commission", a legal entity created pursuant to this Agreement and the Interlocal'Act, as a legal entity and public body corporate and politic and 'a a lit of local government for all of the privileges, benefits, powers and terms of the Interlocal Act. 4 SECTION 2.02. PURPOSE . The purpose of the Commission is (a) to finance or refinance Projects permitted by the Act on a cooperative and cost-effective basis, (b) to enable participating Members and other municipalities and counties in this State (regardless of whether they become members of the Commission), with similar high investment grade ratings by nationally recognized rating agencies, to benefit from the economies of scale associated with large scale financings which may otherwise be unrealized if separate financings were undertaken, (c) to assist the Members and other municipalities, counties and public agencies in this State (regardless of whether they become members of the Commission) in developing and structuring financial programs and activities, which will provide essential services and functions at lower costs to inhabitants and (d) to undertake such other purposes as permitted by law, including the issuance of bonds or other debt obligations, the interest on which may or may not be excludable from gross income of the holders thereof.for purposes of federal income taxation. SECTION 2.03. POWERS. The Commission is authorized for the purpose of financing or refinancing any Project to exercise all of the privileges, benefits, powers and terms of Section .125.325, Florida Statutes, as amended, Part I of Chapter 163, Florida Statutes, as amended, Part I of Chapter 159, Florida Statutes, as amended, Part 1 of Chapter 125, Florida Statutes, as amended, and Part I of Chapter 166, Florida Statutes, as amended, in connection with the authorization, issuance and sale of the Bonds pursuant to Article IV hereof. Such powers include, but are not limited to, the power to make and enter into contracts and agreements necessary or incidental to the performance of its duties and the execution of its duties under this Agreement, to employ agencies, employees, consultants, advisors, experts, attorneys and such other employees and agents as may in the judgment of the Commission, be necessary, and to fix their compensation; to sue or be sued in its own nrne; to receive and accept any aid or contributions from any. source of either money, property, labor or other things of value to be held, used or applied only for the purposes for which'such grants and contributions may be made; to adopt a seal; and to adopt its place or places for official meetings. -SECTION 2.04. POWERS NOT EXCLUSIVE. No enumeration of powers herein shall be deemed exclusive or restrictive, but shall be deemed to incorporate all implied powers necessary or incident to carrying out the purpose of this Commission. SECTION 2.05. MEMBERSHIP. The Members of the Commission shall consist of the governmental entities that have been admitted pursuant to Article III hereof. SECTION 2.06. DURATION OF COMMISSION. (a) The Commission shall exist so long as any Bonds or other obligations of the Commission or obligations of any participating governmental entity issued under the Program remain outstanding. (b) Upon termination, all assets of the Commission shall be allocated among the participating Members based on their Pro Rata Share. 5 VFW 12319 Pq 116E ARTICLE in MEMBERSHIP AND REPRESENTATION SECTION 3.01, MEMBERSHIP. (a) Membership in the Commission shall consist of the governmental entities which from time to time are listed on Exhibit A hereto, having adopted an authorizing resolution in order to join the Commission as a Member. (b) The initial Members shall consist of the City of Coral Springs, Florida and the City of Palm Beach Gardens, Florida. (c) The Commission may admit any governmental entity to membership upon the affirmative vote of not less than two-thirds (2/3) of the Members of the Board of Directors at a duly called meeting of the Commission and upon execution and delivery of a duly authorized and executed counterpart to this Agreement. Not less than 30 days prior to the vote of the Board of Directors to consider the admission of a governmental entity to membership, written notice shall be given to all existing Members. (d) Only counties, municipalities and public agencies (as such term is defined in Section 163.01(3)(b), Florida Statutes, as amended) in the State of Florida shall be eligible for membership. . SECTION 3,02. REPRESENTATION. (a) Each participating Member shall appoint one representative to act on its behalf as a Director on the Board of Directors of the Commission. (b) Each Director shall have one (1) vote on the Board of the Commission. (c) Each Director shall be, at the time of selection and at all times while acting as a Director, a public official of the governmental entity of which it is the representative. In the event any representative shall cease to be a public official, such representative shall resign in accordance with Section 3.06 hereof or be removed as the representative of the respective Member, such governmental entity shall appoint a new representative within thirty (30) days of such resignation or removal, For purposes of this section, the term public official shall include the Member's elected officers and employees. (d) Each participating governmental entity in its sole discretion may remove its representative at any time and appoint a new representative to act as Director on its behalf. SECTION 3.03, ACTION. (a) The affairs, actions and duties of the Commission and the affairs, actions and duties of the Board of Directors shall be undertaken at duly called meetings pursuant to Section 3.09 hereof. (b) At any meeting of the Board of Directors at which any official action is to be taken, a majority of the members of the Board of Directors shall constitute a quorum, but in no event shall a quorum of the Board of Directors consist of less than two (2) members; and a majority vote of the members of the Board of Directors present shall be the act of the Board of Directors. 6 V„ .1c"MP .L-5 Pg 1.167 (c) A certificate, resolution or instrument signed by the Chairman or Vice Chairman or such other designated person of the Commission as may be hereafter selected by the Board of Directors, shall be evidence of the action of the Commission, and any such certificate, resolution or other instrument so signed shall conclusively be presumed to be authentic. Likewise, all facts and matters stated therein shall conclusively be presumed to be true. SECTION 3.04. ELECTION OF BOARD; DUTIES OF BOARD; APPOINTMENT OF ADMINISTRATOR. (a) Once a year and at such other time as may be necessary to fill a vacancy, at a , meeting of the Commission called for the purpose thereof, the Commission through its Board of Directors shall elect a Chairman and a Vice Chairman to conduct the meetings of the Commission and to perform such other functions as herein provided. Said Chairman and Vice Chairman shall serve one year teens unless they resign or are otherwise removed pursuant to Section 3.06 hereof. (b) The Board of Directors shall conduct the business of and further the purposes of the Commission including, without limitation, the development, structuring and maintainin& of the Program. In order to more effectively carry out its duties, the Board may delegate to the Administrator certain responsibilities and duties provided that the Board provides sufficient guidelines and criteria for the performance of such duties and responsibilities. (c) The Commission shall enter into a Program Administration Agreement with the Administrator with respect to administering and managing the Program. The Commission may also enter into such other agreements as may be necessary to establish and maintain the Program, —including-, but -not limited to,--employing-counsel, accountants,_audit_ors, financial advisors and other consultants, employing underwriters for marketing the Bonds, and obtaining credit enhancers for the Bonds. SECTION 3.05. AUTHORITY OF OFFICERS. (a) The Chairman and the Vice Chairman shall be permitted to take such action and sign such documents, including the Program Documents, on behalf of the Commission and in furtherance of the purposes of this Agreement and the Program as shall be approved by resolution of the Board of the Commission. (b) The Administrator or his designee shall keep minutes of all meetings, proceedings and acts of the Board, but such minutes need not be verbatim. Copies of all minutes of the meetings of the Board shall be sent by the Administrator or a designee to all Directors, The Administrator may also attest the execution of documents on behalf of the Commission. SECTION 3.06. RESIGNATION. (a) Any Director may resign from all duties or responsibilities hereunder, by giving at least seven (7) days prior written notice sent by registered mail to the Administrator. Such notice shall state the date said resignation shall take effect and such resignation shall take effect on such date. Notwithstanding the foregoing, no resignation from membership on the Board of Directors shall take effect unless and until a successor Director has been chosen in the manner herein provided. Each participating govemmental entity in its sole discretion may remove its Director at any time by resolution. Upon resignation or removal 7 uno J. -V Mg 1 is 8 NY, of such representative, such governmental entity shall appoint a new Director by resolution of such governmental entity presented to the Administrator. (b) Subject to the provisions of the following sentence, a Member may voluntarily remove itself as a Member of the Commission, by adoption of a resolution of the governing body of such Member electing to terminate its membership and approval of the Board of Directors of a resolution consenting to such termination or removal. Not less than 30 days prior to the date of adoption of such resolution, the Board of Directors shall provide written notice of such, proposed action to all existing Members and to the Administrator. In the event the Administrator has received written notice from the governing body of an existing Member that such Member shall not be allowed to terminate its membership in the Commission, the Board of Directors shall be prohibited from adopting such resolution until such time as such notice shall have been revoked. (c) Any member of the Board of Directors, upon leaving office, shall forthwith turn over and deliver to the Administrator any and all records, books, documents or other property in his possession or under his control which belongs to the Commission and/or relates to the Program. SECTION 3.07. EXPENSES. The Commission may establish, from time to time, reimbursement for reasonable expenses incurred in accordance with the terms of this Agreement. SECTION 3.08. LIABILITY AND INSURANCE. No member of the Board of Directors, agent, officer, official or employee of the Commission shall be liable for any action taken pursuant to this Agreement in good faith or for any omission, except in accordance with Section 768.28, Florida Statutes, or for any act or omission or commission by any other member of the Board ofDirector,_agent.,.officer, official or employee of the Commission. _ The initial parties to this Agreement, and any party who may now or hereafter become a member of the Commission, agree the initial parties to this Agreement individually or collectively, by executing this Agreement, have not 'and do not assume any liabilities arising out of the creation or operation of the Agreement, and that the initial parties to this Agreement, individually or collectively, shall only be liable for the obligations of the. Commission to the extent they specifically covenant to do so by separate agreement as a Member of the Commission. The Commission hereby agrees to save, hold harmless and indemnify the initial parties to this Agreement, and their officers, employees, and agents, of and from any loss, damage or expense incurred by said parties as a result of the said parties' execution of this Agreement. The Board of Directors is hereby authorized and empowered to obtain, at the expense of the Commission, liability insurance fully protecting the respective Directors from any loss or expense incurred, including reasonable attorney's fees, for all acts of the Directors except bad faith and gross negligence, To the extent allowed by law, the Commission hereby agrees to save, hold harmless and indemnify the Directors from any loss, damage or expense incurred by said persons while acting in their official capacity excepting bad faith and gross negligence. 8 UN Pg 11e.9 SECTION 3.09. MEETINGS. (a) Within a reasonable period of time after the creation of the Commission, the duly appointed Board of Directors shall hold an organizational meeting in a mutually agreeable location in the State to elect officers and perform such other duties as shall be provided under this Agreement. (b) The Commission shall convene at meetings called by either a majority of the Board of Directors or at the request of the Chairman. Meetings shall be conducted at such locations as shall be acceptable to a majority of the Board of Directors and in accordance with the laws of the State. The Chairman shall set forth the date, time, location and purpose of each . meeting and notice thereof, unless otherwise waived, shall be furnished to each member of the Board of Directors by the Administrator or his designee not less than seven (7) days prior to the date of such meeting. The Chairman may direct the Administrator or such other designee as he may select to send the prerequisite notice for any meeting of the Board of Directors otherwise called in accordance with the provisions hereof. (c) Emergency meetings of the Board of Directors may be held in the manner provided by the laws of the State. SECTION 3.10. RULES. The Board of Directors may from time to time adopt such rules relating to the actions of the Board of Directors as shall be necessary or desirable to the successful operation of the Commission. Such rules shall be approved by a (2/3) vote of the Board of Directors and any amendments to such rules shall also be approved by a two-thirds (2/3) vote of the Board of Directors. ARTICLE IV THE BONDS SECTION 4.01. BONDS. Pursuant to the provisions of the lnterlocal Act, the Commission may issue Bonds from time to time, in various series, to implement the Program and to finance and refinance Loans in accordance with the terms of the Program. Loans made by the Commission shall be used by the governmental entities to finance and refinance the acquisition and construction of Projects. Such Bonds shall be issued upon such terms, containing such provisions, bearing interest at such lawful rate or rates, including variable rates, and supported by such other documents to be issued as may hereafter be established 'by the Commission. The Bonds may be issued pursuant to an Indenture or Indentures and be secured in such manner as determined by the Commission. SECTION 4.02. BOND PROCEEDS. The proceeds from the original issuance of the Bonds shall be deposited and used for such purposes and under such conditions as set forth herein and in the Program Documents provided. Such proceeds may be used to finance or refinance Projects, establish debt service reserve accounts, capitalize interest, credit enhancement and pay costs of issuance. Governmental entities may reimburse themselves from proceeds of the Bonds for Project costs previously incurred by them, subject to applicable limitations pursuant to the Internal Revenue Code with respect to tax-exempt financing. 9 uIw A. IM .1. ' 1-1 1 l f 0 SECTION 4.03. LIMITED OBLIGATIONS. Notwithstanding anything to the contrary herein or in the Program Documents, the Bonds shall not constitute "bonds" within the meaning of Article VII, Section 12 of the Constitution of Florida which must be approved at an election of the qualified electors of the Members. The Bonds shall not constitute a general obligation of any of the Members, the State of Florida or any political subdivision thereof, nor shall the Bonds constitute a Tien upon any property owned by or situated within the territorial limits of the Members, the State of Florida or any political subdivision thereof, except in each case to the extent otherwise expressly and specifically provided in the Program Documents. The holders of the Bonds shall not have the right to require or compel any exercise of the taxing power of any of the Members, the State of Florida or any political subdivision thereof to pay the 'principal of, premium, if any, and interest on the Bonds or to make any other payments provided for under the Program Documents, except in each case to the extent otherwise expressly and specifically provided in the Program Documents. SECTION 4.04. VALIDATION. Prior to their issuance, the Bonds may be validated in the manner provided in the Interlocal Act and Chapter 75, Florida Stajutes, but nothing herein shall be construed to require such validation. ARTICLE V MISCELLANEOUS SECTION 5.01. DELEGATION OF DUTY. Nothing contained herein shall be deemed to authorize the delegation of the constitutional or statutory duties of the State or the Members or any officers thereof. SECTION 5.02. FILING. A copy of this Agreement shall be filed with the Clerk of the Circuit Court in each county wherein a ,anticipating Member is located. SECTION 5.03, IMMUNITY; EXEMPTIONS. All of the privileges and immunities from liability and exemptions from laws, ordinances and rules which apply to the activity of officials, bfficers, agents or employees of the Members when performing their respective functions within the territorial limits of their respective Members shall apply to the same degree and extent to the performance of such functions and duties of such officials, officers, agents or employees extraterritorially under the provisions of this Interlocal Agreement. SECTION 5.04. LIMITED LIABILITY.. No Member shall in any. manner be obligated to pay any debts, obligations or liabilities arising as a result of any actions of the Commission, the Directors, representatives or any other agents, employees or representatives of the Commission, except to the extent otherwise provided in the Program Documents applicable to such Member and none of the Commission, the Board of Directors, or any other agents, employees or representatives of the Commission have any authority or power to otherwise obligate the Member in any manner. SECTION 5.05. AMENDMENTS. This Agreement may be amended in writing at any time by the vote of at least two-thirds (2/3) of the Directors present at a duly called meeting of the Board of Directors. However, this Agreement may not be amended so as to (i) permit any 10 ry .1..I_ t 1 a. profits of the Commission to inure to the benefit of any private person or to permit the assets of the Commission to be distributed to any entity other than the Members, or (ii) permit the diversion or application of any of the money or other assets of the Commission for any purpose inconsistent with the provisions and the purposes hereof or which would adversely affect the tax- exempt status of the Bonds, if on the date of issuance of the Bonds, the interest thereon is excludable from gross income of the holders thereof for purposes of federal income taxation. SECTION 5.06. DISPUTE RESOLUTION In recognition of the complexities involved in effecting this Agreement and the desire on the part of the members to minimize the adverse effect and cost of disputes arising under this Agreement, the parties , have mutually agreed that in the first instance the City Manager of each Member (or in the case of a county, public agency or a municipality which does not have a City Manager, such other public official as such political subdivision shall designate) shall endeavor to resolve every dispute amicably and to define the nature and extent of any disagreement to the extent possible between themselves. If the City Managers (or such other designated public officials) are unable to reach an agreement within ten (10) business days after the dispute arises, the Members agree that they will participate in non -binding mediation to mediate the differences in good faith with a mediator mutually agreed to in writing by the respective City Managers (or such other designated public officials), with each Member agreeing to bear its own costs of mediation or sharing such mediation Costs equally on a pro rata basis. The foregoing represents an expression of the Members, and each agrees to be bound thereby. SECTION 5.07. CONTROLLING LAW. This Agreement shall be construed and governed by laws of the State. SECTION 5.08. SEVERABIAATY. In the event any provision of this Agreement shall be held invalid or unenforceable by any court of competent jurisdiction, such holding shall not invalidate or render unenforceable any other provision hereof. SECTION 5.09 EFFECTIVE DATE. This Agreement shall be effective from the date of execution hereto. ATTEST: PETER M. J. CITY CLERK SON, APPROVED'AS TO FORM: CITY ATTO CITY OF CORAL SPRINGS, FLORIDA 11 SOMME ' • , MAYOR •y ' w i , tJM 1 ;e..d 1,'91 Pg 1 172 by PETER M. J. RICHARDSON and JOHN SOMMERER, City Clerk OFRCIAL NOTARY SEAL o.4.0 Po. OLORIA A KOSTRZECHA * COM1mmo* HUMMER < CC69B636 7 ww 4° MY COMMISSION WIRES OF P.P NOV. 24,2001 No : Pu lic, State • f Flo State of Florida County of Broward The foregoing instrument was acknowledged before me, e undersigned notary public in and for the State of Florida, on this the a day of , 200p; Mayor, respectively. Printed, Typed or Stamped Name of Notary Public Exactly as Commissioned ��, �ividuals Who Signed Are: �rsonally Known, No Identification Produced 12 um, A. P q 1, 7.3 DOROTHY H. WILKEH, CLERK PB COUNTY, FL IN WITNESS WHEREOF, this Interlocal Agreement has been executed by and on behalf of the authorized officers and representatives of the City on this /414 day of 2001. CITY OF PALM BEAC GARDENS, FLORIDA (Seal) tit :•C1erk • Approved as4o form and sufficiency. City Attorney •, • H:119931. 30316.C51AGMTVLA w- PBGardcnsBond 2001.doc 13