98-40
-
"'lIIII
" 'p,
"
'~ ,,~1 r't' ~~~ ~~<~....<! i;i ~~~i ~'. ~ ~.
<',.
"
:1,
"
.:1
j'
9: ;
;."
, ;,
:4~ \.~
i.~ " :
>.1'-
;/.
i...I."
"/,.'
t~}:...
'<>.
~, '. . .'
::;';'2,"
;~/"
~;~1> ~:'/
~r::,!>;:':;: '
:r'e:':', '"
~'{:. .,.T:>
"'"
:./ '. ~ ..
~y,\\ .'~'
~'.~~ :'h ~
:>.-' '.
'o' ,..
t'~'t ,.t,'\'
t!',,'
. . ~\.
(i:'
J'" .
, '
,~ .'
.,....
. ~ "
i.\ :.
l. )-:'.
'. ~ -I'.' ~.
,"J.!
,
';,; .
~~, ~ c', I'
~.'.':.: >
?,.
.' :.
~. .
(~:f:.~ ~:
I~ -10'
.. '
:",\'
, "
.) . ~.
.:'~: ::1,. ,t.
.':.ll
':'1"'
( ,c,
tel
,',<: ,
,:~. ..
.'
'I.
,"
...}..
" ~ :
#.
, ,
, ,-,
-
,;
'RESOLUTIONS
"
"
,,'
: .",...
'/37
~." +
:. .~' ~. . ..
:::t:::~l~r~~~~~i,;r;HiI:t)t)';~;,;~:::":c~ ':.; ,~ ~ i ~.< . i" t '~. ~.~. n f: I
, .
'1:'
,; ~: ,f l 0 ~
, '
"
" --..
" . ; p,.
, ,
. .i.'.... ,,'f.
, '.
...!. ~~~.
.
<~ -" :It . : .
'.'.:
" " I
.':
".,'
'..,' .':' ~
~1\:;e;":;";~", "" ',':;-"
". '
'..
,',I .
.-'
I
},."4
"q'
.' ~
..."~r"
c ~ j'
. :. ~
"
, "
,<l.,
::c:,
.,',-'.
~ '.
" :: . L + ',' ,I, J:'. '.< .' ,,'. ,. + +c. . ":., .. .:.. .... \.~... : ' I ",'..
..' ,'0"..\ .':. .......~..'.....'..:,~........"......,.'L~ ...... :.i~.~..";'..
,',.' ",(;.,.;" .'r\,i.,;;;,('.,'.:.:::....,,',,:~~,:~',:~. ',:',:">;~: ":i;',:~;' ' ',,:', "-:::'"
" "'::";' ',':~; :: " ", ' ':,:'. ',' .:,: ' , ;.' ': :,.:::"-':' ;,,'" " . <:: :<:/:,\ ,~"', '.:\ ,~':..
.,' ':,'p,,' ;;',"; ',: ":': ::/'~I' ;:~~.';::::'.,-:,::ilj';,:':.,,:.:::'>': :~::J.;~:,:'.},},::'.ii ~/':-':":";::< ::",' ;~,::':,:" ,..','," ".',
, ~ ,"',:: ,'>"..'~::,'" , ~, :. ',.. <. :,<71 '~":"".'" ',::'~.:I1:- ,:",.',<,:,' '.' ,:~~:'>::: ' ': :'.,:, ::: ' ,~:'..
.(:, .... I ., ,.:'1. .... .,. .. .-, .... ,..
.' ....:. =>::;". :.' ..,/., .. '. \'..
. . . ~
."'.,'
'~:;' :;,.'
RESOLUTION NO. 98-40
< '
I
I
!
i
\
)'
~*'
, :
I, '
A RESOLUTION OF THE CITY OF CLEAR\VATER,
FLORIDA ESTABLISHING ITS INTENT TO
REIMBURSE CERT AIN PROJECT COSTS INCURRED
WITH PROCEEDS OF FUTURE TAX-EXEMPT
FINANCING; PROVIDE CERTAIN OTHER
MA TIERS IN CONNECTION THEREWITH; AND
PROVIDING AN EFFECTIVE DArE.
. I;"
!'
WHEREAS, the City Commission of the city of Clearwater, Florida (the
, "Is~uer") has determined that the need exists to acquirc ccrtain items of equipment
, during the ~ 998-1999 fiscal year;
.~
~\
l, .","
. T ,~.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF
THE CITY OF CLEARWATER, FLORIDA THAT:
I':."
SECTION I. AUTHORITY. This resolution (hereinafter c,alJed the
UReso]ution") is adopted pursuant to the provisions of the Florida Constitution, Chapter
166, Florida Statutes, and other applicable provisions of law. .
: ~',
-':.
'e;'
.,
;0
SECTION 2, DECLARATION OF INTENT. The Issuer hereby expresses its
intention to be reimbursed from proceeds of a future tax-ex.empt financing for capital
expenditures to be paid by the Issuer in connection with the acquisition of equipment as ,
set forth in the Issuer's 1998-1999 fiscal year budget, as amended and supplemented
from time to time (the UProjecttl). The Issuer intends on acquiring each item of
equipment constituting a portion ofthe Project with funds then on deposit in the Issuerts
bank account, and within a reasonable time thereafter refinancing such purchases within
lease purchase financing with GE Capital Public Finance pursuant to a master lease
purchase agreement. It is not reasonably expected that the total amount of debt to be
incurred by the Issuer to reimburse itself for ex.penditures paid with respect to the Project
will exceed $5.034,000. This resolution is intended to constitute (l udeclaration of
official intent" within the meaning of Section ),150-2 of the Income Tax Regulations.
I.,~'
"
SECTION 3. SEVERABILITY. If anyone or more of the provisions of this
Resolution shall for any reason be held illegal or invalid, such illegality or invalidity
shall not affect any construed and enforced as if such illegal or invalid provisions hud
not been contained therein,
{,::,,~
V
, . -- '
,.' ... <1", '
"
, l:
.,'.,." ,', .,..,' , ..".," , ":,, ":-:I:'"'''''''' 0,';",',.. "..,' D"" "I.;.,.....,,' ,,' ," ',".' ," ,..,.,-',."..,,'"
", ~::-' .;': ;:,> ;,'/i",:":');:,:::f;',:,;:'i:~!:;}';,;::t~:;:~~',~r,;i~ ;~;::;,;,,:~:,:,,~O:'!~D,'g,:':;',!;...::};i}'},
I'
, ,~: .' ," o'e'
~r,: '~,' ,~:"?""~::'~'I"> -:! "", -, ,
" ':'1':,":'; "
. .~ t . I', +
.....
" !.
"
, ,
, .
, ,
~J,8'
: ,,'"
. "r ~
,"
:>
....>, I .
SECTION 5., EFFECTIVE DATE. This resolution shall take effect
immediately upon its adoption this, 20th day of Au~ust ;1998.
.','" ,"
i,
~ ~h ."
.. ."
J.T" 0"
CITY OF CLEARWATER, FLORIDA
'. t. . . ",
s.:'
" ,
I
, c
;'1.:,1 .~'. ' '. .
I " ~ .. '.
"",0', .
> '
:.::., "','
~.; . . , ~
,Rita Garvey, Mayor-Com .
,i
I
I
"
,,'
.... "
.,", .':.
,\
~~~'-;~" .
~(...- : . .
.....
.",' .
; c
,.
e,. .
...'. .l.,
(SEAL)
: < ,
I '
I
I
I
I
f.
I
I
I
(
I
I
I
I
'...'.
' .1
ATTEST:
..r.
'"
:5'1
~.I ." . "
''I. .
j.. .
~" ",
~ i.
Approved as to form:
') H,
;,\,-'
~ "
'~a'K. Akin, City Allomey
, '
">. ,. "'~.' '" ,..... ,n." "h..- ~'~~';U~"T..;,.'n;.'.:I';....''''.~