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RESOLUTION
No. 75 - 76
WHEREAS, it is necessary that the City of Clearwater continue
the expansion of its sanitary sewer facilities in order to comply with the laws
of the State of Florida concerning such facilities; and
WHEREAS, in order to finance such expansion of the sanitary sewer
facilities, it is deemed advisable to authorize issuance of $8, 000, 000
Utility Revenue Certificates for such purposes; and
NOW, THEREFORE, BE IT RESOLVED BY THE CITY
COMMISSION OF THE CITY OF CLEARWATER, FLORIDA,
IN SESSION REGULARLY AND DULY ASSEMBLED, AS
FOLLOWS:
1. That the City Commission hereby authorizes the City Manager,
the Legal Department, the Finance Director and the Fiscal Agent to have
the City's bond counsel prepare the appropriate ordinances, resolutions and
other appropriate instruments to commence the necessary procedure for the
approval, issuance and validation of an $8, 000, 000 Utility Revenue Certificate
issue at the earliest possible date.
2. That copies of this Resolution be transmitted forthwith to the above
named individuals as authority to commence such procedure..
PASSED AND ADOPTED this 16th day of Tune, A. D. 1975.
C A
C
Mayor-Gomm oner
Attes
Ci Clerk
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