15-17RESOLUTION NO. 15 -17
A RESOLUTION OF THE CITY OF CLEARWATER, FLORIDA,
REALLOCATING THE CITY OF CLEARWATER'S QUALIFIED
ENERGY CONSERVATION BOND AUTHORITY BACK TO THE
STATE OF FLORIDA; PROVIDING AN EFFECTIVE DATE.
WHEREAS, the State of Florida Department of Agriculture and Consumer Services
Office of Energy (FDACS OOE) administers Qualified Energy Conservation Bonds (QECBs) for
the State of Florida; and,
WHEREAS, QECBs provide low- interest federal bonds to Large Local Governments
(LLGs) with a population of 100,000 or more, and other governments, for qualified energy
projects; and,
WHEREAS, the FDACS OOE has notified LLGs of the availability for a QECB allocation;
and,
WHEREAS, analysis of the benefits of issuing QECBs in accordance with the allocation
provided by the FDACS OOE has indicated that other funding options are in the best interest of
the city; and,
WHEREAS, the FDACS OOE reallocation procedures (see Notice of Intent to Use
Allocation of QECBs, attached hereto as Exhibit A) requires that the City of Clearwater
authorize QECB reallocations by issuance of a resolution by the City's governing body; now,
therefore,
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
CLEARWATER, FLORIDA:
Section 1. The City of Clearwater hereby reallocates the 2015 QECB authorization
allocation of $1,110,554 back to the State of Florida.
Section 2. This resolution shall take effect immediately upon adoption.
PASSED AND ADOPTED this
Appro ed as to form:
M ` tthew M. `fy ith
Assistant City Attorney
20thday of August , 2015.
—c ?o( r\CrCV�of
George N. Cretekos
Mayor
Attest:
CQ,eL.
Rosemarie CaII
City Clerk
Resolution No. 15 -17
OFFICE OF ENERGY
(850) 617 -7470
(850) 617 -7471 FAX
THE HOLLAND BUILDING, SUITE 251
600 SOUTH CALHOUN STREET
TALLAHASSEE, FLORIDA 32399 -000I
FLORIDA DEPARTMENT OF AGRICULTURE AND CONSUMER SERVICES
COMMISSIONER ADAM H. PUTNAM
NOTICE OF INTENT TO USE ALLOCATION OF
OUALIFIED ENERGY CONSERVATION BONDS (OECBs)
Instructions: Large Local Governments (LLGs) allocated QECB authority by formula must
indicate their intention to use or reallocate their formula allocation of QECB authority to the
State using this form. The Florida Department of Agriculture and Consumer Services Office of
Energy (FDAC OOE) requests that LLGs submit this form no later than October 31, 2015.
Please fill in the requested information and indicate Yes or No where appropriate.
• If answering "Yes," an official with decision- making authority (mayor, county executive,
CFO, etc.) must sign the form, and return it to FDACS OOE at the address below.
• If answering "No," have an official with decision- making authority (mayor, county
executive, CFO, etc.) sign the form, attach a copy of a resolution by the jurisdiction's
governing body reallocating the QECB authority to the State.
Name ofJurisdiction: City of Clearwater
❑ YES. Respond YES if ANY of the following applies:
1. Your LLG plans to issue QECBs for its own projects;
2. Your LLG plans to have a conduit issuer issue QECBs on behalf of the locality's own
projects; OR
3. Your LLG plans to designate another issuer within the jurisdiction of the locality to issue
QECBs for that issuer's projects.
(Note: Use this option even if you do not currently know what projects you might use your
formula allocation for, but intend to develop eligible projects in the future. Once decided, please
complete Project Information document and return to the FDACS OOE)
Eir NO. Respond NO only if BOTH of the following applies:
1. Your LLG does not plan to issue QECBs AND does not plan to designate another issuer
within your jurisdiction to issue QECBs from your formula allocation; AND
2. Your LLG is releasing your formula allocation and reallocating it to the State.
1- 800 - HELPFLA
Fresh
Fknida.
www.FreshFromFlorida.com
Attach a copy of a resolution from the governing body reallocating the QECB authority to the
state.
Please return this document with a copy of the resolution, if applicable, to the address below:
Florida Department of Agriculture and Consumer Services
Office of Energy
Attn: Tony Morgan / QECB Program
600 South Calhoun Street, Mail Stop H -1
Tallahassee, Florida 32399 -0001
Signature of Official with decision - making authority:
i C1 eor l ACrAt t os
Signature George N. Cretekos
c; h/ Cle K
Title
Mayor
/AW5
Date