§ 18-101. Definitions.

As used in this division, the following words and terms shall have the following meanings, unless some other meaning is plainly intended:

Assessment roll shall mean the assessment roll as approved by the final resolution.

Board shall mean the board of county commissioners of Clay County, Florida.

Bonds shall mean the bonds issued by the county pursuant to resolution of the county, payable from the pledged revenues.

Clerk shall mean the clerk of the circuit court of Clay County, ex-officio clerk of the board, or his designee.

Cost or costs shall mean, as applied to the acquisition and construction of any projects authorized by the board:

(1)

The cost of physical construction, reconstruction or completion;

(2)

The costs of acquisition or purchase;

(3)

The cost of all labor, materials, machinery and equipment;

(4)

The cost of all lands and interest therein, property rights, easements and franchises of any nature whatsoever;

(5)

The cost of any indemnity or surety bonds and premiums for insurance during construction;

(6)

Interest prior to and during construction and for such period of time after completion of the construction or acquisition of such projects as the board deems appropriate;

(7)

Amounts necessary to pay redemption premiums for early retirement of bonds or notes;

(8)

The creation of reserve or debt service funds;

(9)

Costs and expenses related to the issuance of bonds or notes or other indebtedness related to the project, all financing charges and any expenses related to any liquidity facility or credit facility, including interest on bonds or notes held by the issuer of such liquidity facility or credit facility,

(10)

The cost of construction plans and specifications, surveys and estimates of costs,

(11)

The cost of engineering, financial, legal and other consultant services;

(12)

The costs related to the collection of special assessments, including any service charges of the tax collector or property appraiser and amounts necessary to offset discounts received for early payment of special assessments pursuant to applicable law, and

(13)

All other costs and expenses properly attributable to such acquisition or construction and such other expenses as may be necessary or incidental to financings authorized by this division;

and including reimbursement of the county or any other person, firm or corporation for any moneys advanced for any costs incurred by the county or such person, firm or corporation in connection with any of the foregoing items of cost.

County shall mean Clay County, Florida.

County administrator shall mean the administrator of the county, or his designee.

County engineer shall mean such engineer or firm of engineers as shall be retained by the county to perform the responsibilities of the county engineer as provided hereunder. The county engineer may be in the regular employment of the county.

Final resolution shall mean the resolution described in section 18-104(4) which shall approve the plans, specifications, estimated costs and the assessment roll and shall confirm or deny the initial resolution.

Initial resolution shall mean the resolution described in section 18-104(1) which shall be the initial proceeding for levying and imposing special assessments.

Notes shall mean notes issued in anticipation of bonds as provided in section 18-106 and section 18-104(6).

Pledged revenues shall mean

(1)

The proceeds of the bonds, including investment earnings;

(2)

Proceeds of the special assessments as specified by the resolution authorizing the bonds; and

(3)

Any other non-ad valorem revenues or other legally available moneys specifically pledged by the county under the resolution authorizing the bonds.

Projects shall mean road construction, resurfacing or other improvements, including ancillary drainage improvements, which the county may construct or acquire in a unit pursuant to Section 125.01(1)(q), Florida Statutes.

Special assessments shall mean the special assessments lawfully levied by the county in accordance with the terms of this division against properties specially benefitted by the acquisition and construction of the projects.

Tax rolls shall mean the real property assessment tax roll maintained by the property appraiser of the county for the purpose of the levy and collection of ad valorem taxes.

Unit shall mean individually and, where the context is appropriate, collectively, the Jacksonville South Road Improvement Municipal Service Taxing Unit, the Carter-Spencer Road Improvement Municipal Service Benefit Unit and the Highridge Estates Road Improvement Municipal Service Benefit Unit, all of such units being created by this division.

(Ord. No. 89-95, § 1, 11-14-89)