80-66
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RESOLUTION
No. 80 - 66
A RESOLUTION AWARDING AND SELLING A PARK
ACQUISITION NOTE, SERIES 1980, OF THE CITY
OF CL.1!:ARWATER, FLORIDA, IN THE PRINCIPAL
AMOUNT OF $.i27, 000, TO. THE PURCHASER NAMED
HEREIN, AT THE PRICE OF PAR PLUS ACCRUED
INTEREST: PROVIDING AN EFFECTIVE DA TE.
WHEREAS, the City of Clcarwater, Florida, has authorized the issuance
of a $427, 000 principal amount Park Acquisition Note,Sedcs 1980, pursuant
to Ordinance No. 2124, enacted on May 15, 1980, as amended; and
WHEREAS, the Cit}t has received an offer to purchase the note from
the purchaser named below at the price of par plus accrued interest, which
the City finds is advantageous and in the best interest of the City to accept;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY
COMMISSION OF THE CITY OF CLEARWATER, FLORIDA,
IN SESSION DULY AND REGULARLY ASSEMBLED, AS
FOLLOWS:
1. The City's Park Acquisition Note, Series 1980, dated May 30,
1980, in the principal amount of $427,000, as authorized pursuant to Ordinance
No. 2124 of the City CommIssion of the City, is hereby awarded and sold to
Barnett Bank of Clearwater, N.A., Clearwater, Florida, at the price of par
plus accrued interest to the date of delivery.
z. The Mayor-Commissioner, City Manager, City Clerk and City
Attorney are each designated agents of the City in connection with the issuance
and delivery of the Park Acquisition Note and are authorized and empowered,
collectively or individually, to take all action and steps and to execute and
deliver any and all instrwnents, docwnents or contracts on behalf of the
City which are necessary or desirable in connection with the execution and
delivery of the Park Acquisition Note which are not inconsistent with the
terms and provisions of Ordinance No. 2124, as amended. this resolution
and other action relating to the Park Acquisition Note heretofore taken by
the City.
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This 're8olution shall take cUect UnJ?:1edlately upon ita
adoption.
PASSED AND ADOPTED this
Attest:' "
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City Cle~k,
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5th
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