2013-019 Issuance by the Capital Trust Agency of Its Revenue BondsRESOLUTION NO. 2013 -019
A RESOLUTION OF THE CITY COMMISSION OF THE
CITY OF OCOEE, FLORIDA APPROVING THE
ISSUANCE BY THE CAPITAL TRUST AGENCY OF ITS
REVENUE BONDS FOR THE PURPOSES OF SECTION
147(F) OF THE INTERNAL REVENUE CODE;
PROVIDING FOR OTHER RELATED MATTERS
WHEREAS, the Capital Trust Agency (the "Issuer ") requests the required approval of the
its revenue bonds (the "Bonds ") by the City of Ocoee, Florida (the "City "), as applicable elected
representative of the host jurisdiction in which a senior living facility will be located, to be
financed with the proceeds of the Bonds and to be known as Al]Sports Senior Living (the "Local
Facility "), after notice and a public hearing for purposes of Section 147(f) of the Internal
Revenue Code, as amended (the "Code ").
BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF OCOEE,
FLORIDA (the "CITY COMMISSION "), that:
Section 1 . Having considered any and all comments and concerns expressed at the
public hearing, the City Commission hereby approves the issuance of the Bonds by the Issuer to
finance costs of the Local Facility for purposes of Section 1470 of the Code.
Section 2 . The Issuer is authorized to apply to the Florida Division of Bond Finance
for private activity bond volume allocation for the Local Facility. The City shall have no
obligation with respect to the Bonds and the approval given herein shall not be deemed to create
any obligation or liability, pecuniary or otherwise, of the City in any respect whatsoever. The
general credit or taxing power of the City and the State or any political subdivision or public
agency thereof shall not be pledged to the payment of the Bonds. No statement, representation or
recital made herein shall be deemed to constitute a legal conclusion or a determination by the
City that any particular action or proposed action is required, authorized or permitted under the
laws of the State or the United States.
Section 3. The approval given herein shall not be construed as (i) an endorsement of
the creditworthiness of Windermere Senior Living, LLC, a Florida limited liability company, or
one or more of its affiliates, or the financial viability of the Local Facility, (ii) a recommendation
to any prospective purchaser of the Bonds, (iii) an evaluation of the likelihood of the repayment
of the debt service on the Bonds, or (iv) an approval of any necessary zoning applications nor for
any other regulatory permits relating to the Local Facility and the City shall not be construed by
reason of its adoption of this resolution to have made any such endorsement, finding or
recommendation or to have waived any of the City's rights or estopping the City from asserting
any rights or responsibilities it may have in that regard.
Section 4 . This resolution shall take effect immediately upon its adoption.
PASSED AND ADOPTED this _� I � day of November, 2013.
(SEAL)
ATTEST:
Clerk
APPROVED:
CITY OF OCOEE, FLORIDA,
By:
S. Scott Vandergrift, Mayor
APPROVED BY THE OCOEE CITY
COMMISSION ON THE DATE FIRST
ABOVE WRITTEN UNDER AGENDA
ITEM NO.
FOR USE AND RELIANCE ONLY BY TILE CITY OF
OCOEE, FLORIDA;
APPROVED AS TO FORM AND LEGALITY
this Pq day of &JOV. 2013
S11 UFFIELD LOWMAN & WI LSON P.A.
By:
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