01-07
.
.
.
"
RESOLUTION NO. 01-07
A RESOLUTION OF THE CITY OF CLEARWATER, FLORIDA
ESTABLISHING ITS INTENT TO REIMBURSE CERTAIN
PROJECT COSTS INCURRED WITH PROCEEDS OF FUTURE
TAX-EXEMPT FINANCING; PROVIDING CERTAIN OTHER
MATTERS IN CONNECTION THEREWITH; AND PROVIDING
AN EFFECTIVE DATE.
WHEREAS, the City Commission of the City of Clearwater, Florida (the "Issuer") has
determined that the need exists to construct certain capital improvements to the City's water and
sewer system together with engineering work regarding the water and sewer facilities, more
particularly describe on Exhibit A attached hereto (collectively, the "Project"); now, therefore,
BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY
OF CLEARWATER, FLORIDA THAT:
SECTION 1. AUTHORITY. This Resolution (hereinafter called the "Resolution") is
adopted pursuant to the provisions of the Florida Constitution, Chapter 166, Florida Statutes, and
other applicable provisions of law.
SECTION 2. DECLARATION OF INTENT. The Issuer hereby expresses its intention to
be reimbursed from proceeds of a future tax-exempt financing for capital expenditures to be paid by
the Issuer in connection with the construction of the Project. Pending reimbursement, the Issuer
expects to use funds on deposit in its water and sewer utility funds, general funds and other funds
legally available to pay a portion of the cost of the Project. It is not reasonably expected that the
total amount of debt to be incurred by the Issuer to reimburse itself for expenditures paid with
respect to the Project will exceed $36,503,000. This Resolution is intended to constitute a
"declaration of official intent" within the meaning of Section 1.150-2 of the Income Tax Regulations.
.
.
.
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 other
provision of this Resolution, but this Resolution shall be construed and enforced as if such illegal
or invalid provision had not been contained therein.
SECTION 4. REPEALING CLAUSE. All resolutions or orders and parts thereof in conflict
herewith to the extent of such conflicts, are hereby superseded and repealed.
SECTION 5. EFFECTIVE DATE. This resolution shall take effect immediately upon its
adoption.
PASSED AND ADOPTED this 1st
day of March
, 2001.
Bri~ 7-
Mayor-Commissioner
Approved as to form:
~. AYJn
City Attorney
Attest:
2
Resolution No. 01-07
"
.
Attachment A
Schedule of Project Costs
Northeast Advanced Waste Water Treatment Carousel
Laboratory Building
Water Pollution Control Master Plan - Phase III and IV
Pump Station Replacement
Reclaimed Water
Northeast Improvements
Water Treatment Plant
Sewer Interceptor Lines
Sewer Manholes & Gravity Lines
Water Disinfection Systems
Water Service Lines
Clearwater Harbor Sewer Line Relocation UPA)
Clearwater Harbor Force Main (Bridge)
Clearwater Harbor Water Transmission Main Replacement
Total
.
.
3
$ 570,000
2,199,000
1,792,000
6,060,000
2,058,000
3,643,000
8,200,000
2,781,000
1,000,000
1,400,000
1,000,000
1,000,000
1,200,000
3.600.000
$36,503,000
Resolution No. 01-07