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~~~~'h~;:~' -~"~ R E S O L U T I O N ~~.,'ri..°;y
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°;~s.~r~_w,`' ~~'r =4•„ ' ~ RESOLUTION PRESCRIBING} FORM AND AUTHORI~- _~
g•~~~ ,;,5,.-.. ° 1NCi EXECUTION OF CONSTRUCTxON TRUST ~t~,~ :•`;~:°:'~:~
3w~ :4", j•.Yt'L'r• FUND ,..;.-..:i;i
~rF.~, ,, s. '.., A(1 • rMENT ; . `3::~~e.`i•}7jn'~
v_
•~°~~`" '~~ :I - WHEREAS, by Ordinance No. 105$, duly adopted on July 6, 1g65,~ ~ °°,~;~~~~:~~~"~,,~
~~~J;, •,•~~; ~;~~`-~;, ~ this City Commiss~,on authorized the issuance of 1,250,000 Utilit Revenue t; ~;~"r~~',~~i1 "~
'~~F,. ~,~}, ,'}•~ ~: Certificates, Series of 1965; and y.•~~T.y.~~f~sri~~.~;i
~~•~°k~~'`• ~,:s' ~>` `~>~`~'~` '•r•' h t the roceeds d .,,~,,4.;~,r~~' ~~
b }~~, ,~~:; .~,~.,'"s.}••.,, ._ ; WHEREAS, said Ordinance provides t a p erived from y:'~.;~:~+~,; M
~x~~'r~~~~;f'~f~r-~~-°-= `~~'° I the sale of said Certificates less certain de osits re wired to be made ';•f"~'~'
t „tire Q 'r :.~'•'a
L~'~%~.a~~~~ 5~ `~,~ `',a-' ~` ~~-•~ . `-~` < into certain accflunts shall be de sited p h~=b'.~"'' "'~ -.+
: ~t al. I F ~ , pa in trust with a bank or trust I'r;~ 3:,
zI.>~t,•.~~ ~,~,,: ,5t,:;,~•...;.r; '.,.~ company in the State of Florida, in a Construction Trust Fund under a <. ~•z~; S~, ~I
~.F,}'•~;`~Y='~• ~~'•` r ~"S-` "Construct~.on Trust Fund Agreement" ~.n order to ensure the application of '°"d'
~'r~`~~s~~~~':~~Arr:~' ~`" :•.e~l`r; •°~ such certificate roCeeds to e a ~5.
<-~- p th purposes provided in the aforesaid Ordin-
~~~` 5. I :t, L• ' ~r'.• ;rrj;l:e-L^ s ;~:, c:
s;;.1~a .~ +}~~t~~=,r::,..::,.''... ,,r.: -r;~ once; and
r~[-rl~~yS~L: ~r.a •Ot:~,+!~. 'S,}V`; .:•F„j.~ :1t,+ ~.iv.
K~,?~"~'~%`,~~~;~'r3~yL~~i~;.'~,;:;>,,, :,,.-.;~'r. WHEREAS, said certificates have been awarded and sold; and _e ,~
,~;~i;,,:s~ WHEREAS, the First National Bank of Glearwater , Clearwater, Florida,
f;:,~~_;ti has agreed to act as Trustee of such Construction Trust Fund;
„~,r~:
~" :=~.°.
„,j,~.a.. NOW, THEREFORE, BE IT RESOLVED BY THE CITY
^.:'~>;• COMMISSION OF THE CITY OP CLEARWATER, FLORIDA,
%F.~i(. TPI SESSION DULY AND REGULARLY ASSEMBLER, AS
''~:-• ~'r'° FOLLOWS
- c. Section 1. That immediately ugon the delivery of said 1,250,000
`'~1~~~'~, Utility Revenue Certificates, Series of 1965, the City Manager, Mayor-
3a~ XL: y'
_{•';~°' Commissioner and City Cleric be and they hereby are authorized to execute,
~~3~,~ on behalf of the City, the Construction Trust Fand Agreement in the form
s~ t and lan p ,
~;;~r.,°, guage annexed hereto as Exhibit A and made a art hereof the form
~;i~'f~~ of which agreement has been approved by the City Attorney.
.;p 'f;~
,~~~;'
;,:;-.~ Section 2. That this Resolution shall take effect immediate)
4,~'.= f y
,~.:~;;. upon its passage.
I'.~4FfL.s
`~~~:~ PASSED AND AD01",i'ED this lst day of November, 1965
Attest:
r
~r~
Y! ,-C ACC !' e.~
C y C erk
" .Reno.#65-136
~; ~ '
11-1-65
• 7,`, ~.! I . ~•'° - 'f ` 'y''l.. ~ ~L~• ,.. - j!.3-. .~Y~. is°: ~2.fis.~ltl f~
fii~'
May r-Comm ssioner