03-12
RESOLUTION NO. 03-12
A RESOLUTION OF THE CITY OF CLEARWATER,
FLORIDA, AMENDING RESOLUTION NO. 00-32; WHICH
ESTABLISHED THE CITY'S INTENT TO REIMBURSE
CERTAIN PROJECT COSTS INCURRED WITH
PROCEEDS OF FUTURE TAX-EXEMPT FINANCING;
TO INCREASE THE AMOUNT OF DEBT TO BE
INCURRED BY $4,500,000. FOR A TOTAL OF
$19,500,000; PROVIDING AN EFFECTIVE DATE.
WHEREAS, the City Commission of the city of Clearwater, Florida (the
"Issuer") passed Resolution No. 00-32 allowing debt of $15,000,000 to be
incurred in order to acquire certain items of equipment during the 2000-2001,
2001-2002 and 2002-2003 fiscal years; and
WHEREAS; it has been determined that an additional $4,500,000 is
required for these purchases;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION
OF THE CITY OF CLEARWATER, FLORIDA THAT:
SECTION 1. Section 2 of Resolution No. 00-32 is amended to
increase the amount of debt to be incurred by $4,500,000 for a total of
$19,500,000.
SECTION 2. EFFECTIVE DATE. This resolution shall take effect
immediately upon its adoption this 20th day of March , 2003.
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Brian J. Aung~
Mayor-Commissioner
Approved as to form:
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Pamela K. Akin
City Attorney
Attest:
Resolution No. 03-12