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ORDINANCE N0. 31304-84
AN ORDINANCE AMENDING ORDINANCE NO. 3752-84 ,
AUTHORIZING THE ACQUISITION OF APPROXIMATELY 9.5 ACRES
OF REAL PROPERTY FOR CONSTRUCTION OF A VEHICLE
MAINTENANCE FACILI'T`Y FOR THE CITY OF CLEARWATER,
FLORIDA; PROVIDING FOR THE ISSUANCE OF NOT EXCEEDING
$640,000 CAPITAL IMPROVEMENT REVENUE BONDS, SERIES 1984
OF THE CITY TO PAY THE COST OF SUCH PROJECT; PROVIDING
FOR THE RIGHTS OF THE HOLDERS OF THE BONDS; PROVIDING
FOR THE PAYMENT THEREOF; AND MAKING CERTAIN OTHER
COVENANTS AND AGREEMENTS IN CONNECTION WITH THE LS-
SUANCE OF SUCH BONDS; AND PROVIDING AN EFFECTIVE DATE.
BE IT ORDAINED BY THE CITY COMMISSION OF THE CITY OF A?
CLEARWATER, FLORIDA: s
Section 1. Ordinance No. 3752-84 of the City of Clearwater, Florida, enacted . .
on September 20, 1984, is amended in whole to read as follows:
"SECTION 1. AUTHORITY FOR THIS ORDINANCE. This ordinance is
adopted pursuant to Chapter 166, Part II, Florida S'cacutes, as amended and supplemented, = F
and other applicable provisions of law.
a
SECTION 2. DEFINITIONS. The following terms shall have the following
meanings herein, unless the texi.'otherwise expressly requires. Words importing singular'
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number shall include the plural number In each case and vice versa, and words importing
persons shall include firms and corporations.
"ACT" shall mean Chapter 166, Part 11, Florida Statutes, as amended and
supplemented, and other applicable provisions of law.
"ADDITIONAL PARITY BONDS" shall mean additional Bonds issued in
compliance with the terms, conditions and limitations contained in Subsection 171 hereof
which shall have an equal lien on the Pledged Revenues, as herein defined, and rank
equally in all respects with the 1984 Bonds initially issued hereunder. _
"AMORTIZATION INSTALLMENT", with respect to any Term Bonds of a lot, .
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Installment or series, shall mean an amount so designated which is established for the
Term Bonds .of such lot, installment or series, provided that (i) each such Amortization
Installment shall be due on a principal maturity date of each applicable year and shall be '
an integral multiple of $5,000, and (ii) the aggregate of such Amortization Installments
for such lot, installment or series shall equal the aggregate principal amount of Term
Bonds of such series authenticated and delivered on original issuance.
"BOND SERVICE REQUIREMENT" for any Bond Year, as to the Bonds of any
' lot, installment or series, shall mean the sum of:
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K. Rev.10/29/84
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Ord. 380+-B4
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(1) the amount required to pay the interest becoming due on the Bonds
of such lot, I stallment or series during such Bond Year, except to the extent that such
interest shall have been provided by payments into the Sinking Fund out of Bond proceeds
for a specified period of time;
(2) the amount required to pay the principal of Serial Bonds of such
lot, Installment or series maturing in such Bond Year; and
(3) the Amortization Installment for the Term Bonds of such lot,
installment or series for such Bond Year. In computing the Bond Service Requirement for
any Bond Year for tha Bonds of any lot, installment or series, the Issuer shall assume that
an amount of the Term Bonds of such lot, installment or series equal to the Amortization
Installment for the Term Bonds of such lot, installment or series for such Bond Year will
be retired by purchase or redemption In such Bond Year. When determining the amount of
principal of and interest on the Bonds of any lot, installment or series which matures In
any Bond Year, the stated maturity date of Term Bonds shall be disregarded, and, the
Amortization Installment, if - any, applicable to Term Bonds in such Bond Year shall be
deemed to mature In such year.
"BOND YEAR" shall mean the twelve month period ending on a principal
maturity date for a portion of the Bonds.
"BONDHOLDER" shall mean a registered owner of a -Bond as shown on the
registration booKs of the Registrar.
"BONDS" shall mean the Capital Improvement Revenue Bonds, Series 1984
herein authorized to be issued (the ."1984 Bonds"), together with any Additional Parity
Bonds hereafter issued under the terms, conditions and limitations contained herein.
"CITY REPRESENTATIVE" shall mean (1) such qualified and recognized
consulting engineers, other consultants and architects having a favorable reputation from
time to time retained by the'Issuer, or (2) such qualified official of the Issuer duly
designated, to perform the acts and carry out the duties as herein provided for such
consulting engineers, consultants and architects.
"FISCAL YEAR" shall mean the twelve month period ending on September 30
of each year, or otherwise as provided by law.
"GUARANTEED ENTITLEMENT FUNDS" shall mean the guaranteed
entitlement portion of the revenue sharing trust funds of the State of Florida as defined in
and distributable to the Issuer pursuant to Chapter 218, Florida Statutes.
LK L-10/29/84-551A-1897 -2-
Ord, 38.04-84 11/15I8tF
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"INVESTMENT EARNINGS" shall mean all investment income derived from
Investment of funds held under this Ordinance, until otherwise applied as provided herein.
"ISSUER' shall mean the City of Clearwatar, Florida.
"MAX MUM BOND SERVICE REQUIREMENT" shall mean, as of any particular
date of calculation, the greatest amount of aggregate Bond Service Requirements for all
of the outstanding Bonds for the then current or any future Bond Year.
"OBLIGATIONS OF THE UNITED STATES OF AMERICA" shall mean direct
obligations thereof, obligations of Public Housing Authorities or obligations of the several
agencies of the United States of America which in the opinion of the Attorney General of
the United States are full faith and credit obligations thereof.
"PLEDGED REVENUES" shall mean the Guaranteed Entitlement Funds,
Investment Earnings, and Sales Tax Revenues, all as defined herein,
"PROJECT" shall mean the acquisition of approximately 9.5 acres of real
property for construction thereon of a vehicle maintenance facility for use by the Issuer.
"REGISTRAR" shall mean the paying agent for the Bonds, as Bond Registrar,
or such other person, firm or corporation as may thereafter be from time to time
designated by the Issuer as the Registrar for the Bonds.
"SALES TAX REVENUES" shall mean the proceeds of. the local government
half-cent sales tax, as defined and described in, and distributed to the Issuer under, Part
VI, Chapter 218, Florida Statutes.
"SERIAL BONDS" shall mean the Bonds of a lot, installment or series, which
shall be stated to mature In annual Installments.
"TERM BONDS" shall mean the Bonds of a lot, installment or series all of
which shall be stated to mature on one date and which shall be subject to mandatory
redemption by operation of the Bond Amortization Fund.
"UTMITI S TAX REVENUES" shall mean the proceeds of the public service
tax levied by the Issuer under authority of Sections 166.231 and 166.232, Florida Statutes
(1983) and its predecessor laws.
"UTILiTiLS TAX BONDS" shall mean the Issuer's Utilities Tax and Bridge
Revenue Bonds, Series 1977, the Issuer's Utilities Tax Revenue Bonds, Series 1977, all
additonal bonds issued hereafter on a parity with either such issue, and all bonds issued
hereafter for the purpose of refunding all or a part of such bonds or additional bonds.
SECTION 3. FINDINGS. It is hereby ascertained, determined and declared
that:
LKL-10/30/84-551A-1897 . -3-
Ord. 3804-84
11/16/84
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A. The Issuer is authorized to undertake the Project and to finance the
Project and the Issuer is further authorized to use its Pledged Revenues to pay the
principal of and interest on the Bonds and to use the proceeds of the 1984 Bonds to
f lnance the cost of the Project.
B. It is necessary and desirable to undertake the Project, as provided
hbrein, in order to preserve and protect the public health, safety and welfare of the
inhabitants of the Issuer,
C. The Pledged Revenues, as defined, are not now pledged or encumbered in
any manner. The Utilities Tax Revenues, as defined, are pledged only for payment of the
Issuer's Utilities Tax Bonds, as defined.
D. The estimated Pledged Revenues and Utilities Tar. Revenues will be
sufficient to pny all of the principal of and interest on the 1984 Bonds to be issued
hereunder, as the same become due, and to make all required sinking fund, reserve and
other payments.
L The principal of and interest on the Bonds and all required sinking fund,
reserve and other payments shall be payable solely from the Pledged Revenues and
Utilities Tax Revenues, as herein provided. The Issuer shall never be required to levy ad
valorem, taxes on any property therein to pay the principal of and interest on the Bonds or
to make any of the required sinking fund, reserve or other payments, or for the other
purposes as provided herein, and such Bonds shall not constitute a lien upon any property
of or in the Issuer.
SECTION 4. AUTHORIZATION OF ACQUISMON OF PROJECT. There is
hereby authorized the acquisition of the Project pursuant to the plans and specifications
on file or to be on file with the Issuer. ThP',cost of the Project in addition to the items set
forth in the plans and specifications, may include, but need not be limited to, the
acquisition of any lands, rights of ways or interest therein or any other properties deemed
necessary or convenient therefor; engineering, legal and financing expenses, expenses for
estimates of costs and of revenues; expenses for pins, specifications and surveys; the
fees of. fiscal agents, financial advisors or consultants; initial working capital and reserves
"efor; administrative expenses relating solely to the acquisition of the Project; the
capitalization of interest for a reasonable period after the issuance of the Bonds; the
creation and establishment of reasonable reserves for debt service; the discount on the
sale of the Bonds, if applicable; repayment of interim advances and indebtedness; and such
other costs and.. expenses as may be necessary or incidental to the financing herein
LKL -10/29/84-551A-1897 -4-
Ord. 2004-84
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11/15/84
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authorized'and the construction and acquistion of the Project and the placing of some in
operation.
BEC770M 5. THIS ORDINANCE TO CONSTITUTE CONTRA=, In consid-
eration of the acceptance of the Bonds authorized to be issued herdunder by those who
shall hold the same from time to time, this Ordinance shall be deemed to be and shall
constitute a contract between the Issuer and such holders. The covenants and agreements
herein set forth to be performed by the Issuer shall be for the equal benefit, protection
and security of the legal holders of any and all of the Bonds, all of which shall be of equal
rank and without preference, priority or distinction of any of the Bonds over any other
thereof, except as expressly provided therein and herein.
SECTION G. AUTH01MA77ON OF BONDS. Subject and pursuant to the
provisions hereof, obligations of the Issuer to be known as "Capital Improvement Revenue
Bonds, Series 1984", herein defined as the "1984 Bands", are authorized to be Issued In the
aggregate principal amount of Six Hundred Forty Thousand Dollars ($840,000).
SECTION 7. DESCRIPTION OF 1984 BONDS. The 1984 Bonds shall be
dated as of their date of delivery; shall be designated "R- " and numbered
consecutively from one upward in order of authentication; shall be In the denominations of
$100,000, registered to J. Fred Campbell, Jr., $105,000 registered to F.B. Crews, and
$435000 registered to W.M. Campbell; shall bear interest at the rate of 9.5% per annum,
based on a 360 day year, such interest to be payabl9 quarterly on. the anniversary day of
the date of delivery of the 1984 Bonds in the months of February, May, August and
November of'each year, commencing February, 1985, and shall mature in equal principal
amounts an the monthly anniversary day of the date of delivery of the 1984 Bonds in the
month of November in each of the years 1985 through 1994. The 1984 Bonds shall bear
Interest from their date or from the most recent interest payment date to which Interest
has been paid, until payment of the principal sum.
.The Bonds shall be issued In fully registered form, payable as to principal and
premium, if any, upon presentation and surrender thereof on* the date fixed for maturity
or redemption thereof at the office of the Issuer's Director of Finance. Interest on each
fully rpofatered Bond shall be paid by check or draft mailed to the person In whose name
the Bond Is registered, at his or her address as it appears on the Bond Register maintained
by the Issuer's Director of Finance, as Bond Registrar, on the interest Payment Date (the
"Record Date'% Irrespective of any transfer of such Bond subsequent to.such Record Date
and prior to such interest Payment Date, unless the Issuer shall be in default in payment
of interest due on such interest Payment Date. In the event of any such default, such
LK Ir10/30/84-551 A-1897
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defaulted Interest shall be payable to the person In whose name such Bond Is registerod at
the close of business on a special record date for the payment of defaulted interest as
established by notice mailed by the Registrar to the registered owner of the Bonds not
less than fifteen days preceding such special record date. Such notice shall be mailed to
the person in whose name such Bond is registered at the close of business on the fifth (5th)
day preceding the date of mailing. All payments shall be made in accordance with and
pursuant to the terms of this Ordinance and the Bonds and shall be payable in any coin or
currency of the United States of America which, at the time of payment Is legal tender
for the payment of public or private debts.
No Bond shall be valid or become obligatory for any purpose or be entitled to
any security or benefit under the. Ordinance until the certificate of authentication
endorsed on the Bond shall have been duly signed by the Issuer's Director of Finance, as
Bond Registrar.
If the date for payment of the principal of, premium, If any, or interest on the
Bonds shall be a Saturday, Sunday, legal holiday or a day on which the banking institutions
in the Issuer is located are authorized by law or executive order to close, then the date
for such payment shall be the next succeeding day which is not a Saturday, Sunday or legal
holiday or a day on which such banking institutions are authorized to close, and payment
on such date shall have the same force and effect as if made on the nominal date of
payment.
SEC'T'ION 8. EXECUTION OIL BONDS. The Bonds shall be executed in the
name offthe tiiuer by the Mayor-Commissioner and City Manager and attested by the City
Clerk, and approved as to form, sufficiency and correctness by the City Attorney, either
manually or with his facsimile signature, and the official seal of the Issuer or a facsimile
thereof shall be affixed thereto or reproduced thereon. The facsimile signature of such
officers may be imprinted or reproduced on the Bonds. The Certificate of Authentication
of the Bond Registrar shall appear on the Bonds, and no bond shall be valid or obligatory
for any purpose or be entitled to any security or benefit under this Ordinance unless such
certificate shall have been duly executed on such Bond. The authorized signature for the
Bond Registrar shall be either manual or facsimile; provided, however, that at least one of
the signatures appearing on the Bonds, shall at all times be a manual signature. In case
any officer whose signature shall appear on any Bonds shall cease to be such officer
before the delivery of such Bonds, such signature or facsimile shall nevertheless be valid
and sufficient for all purposes the same as if he had remained In office until such delivery.
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LKL-10/29/84-551A-1,887 -B-
Ord. 3804-84
11/1&/84
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Any Bonds may be signed and sealed on behalf of the Issuer by such person who at the ;
actual time of the execution of such Bonds shall hold the proper office with the Issuer,
although at the date of enactment of this Ordinance such person may not have held such `
office or may not have been so authorized.
SECTION 9. NEGOTLABILM. The Bonds shall not have any qualities or
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incidents of negotiable instruments under the laws of the State of Florida and shall be
non-negotiable.
SECTION 19. REGISTRATION, EXCHANGE AND TRANSFER. There shall
be a Bond Registrar for the Bonds which shall be the Issuer's Director of Finance. The
Bond Registrar shall maintain the registration books of the Issuer and be responsible for
the transfer and exchange of the Bonds. The Bond Registrar shall maintain the books for
the registration of the transfer and exchange of the Bonds in compliance with the Florida
Registered Public Obligations Act and the system of registration as established by the
Issuer pursuant thereto.
Bonds may be transferred upon the registration books, upon delivery to the
Registrar, together with written instructions as to the details of the transfer of such
Bonds, along with the social security number or federal employer identification number of
such transferee and, if such transferee is a trust, the name and social security or federal F
employer identification numbers of the settlor and beneficiaries of the trust, the date of
the trust and the name of the trustee. No transfer of any Bond shall be effective until (I)
approved by the governing body of the Issuer, and (ii) entered on the registration books
maintained by the Bond Registrar.
Upon surrender for transfer or exchange of any Bond, the Issuer shall execute
and the Bond Registrar shall authenticate and deliver in the name of the registered owner r?
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or the transferee or transferees, as the case may be, a new fully registered Bond or Bonds
of authorized denominations of the same maturity and interest rate for the aggregate
principal amount which the registered owner is entitled to receive at the earliest
' practicable time in accordance with the provisions of this Ordinance. The Issuer or the { ` E
Bond Registrar may charge the owner of such Bond for every such transfer or exchange an
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amount sufficient to reimburse them for their reasonable fees and for any tax, fee, or
other governmental charge required to be paid with respect to such transfer, and may
require that such charge be paid before any such new Bond shall be delivered,
All Bonds presented for transfer, exchange, redemption or payment (if so
4 required by the Bond Registrar), shall be accompanied by a wri'?ten instrument or
' ; f = LK L-10/29184-551 A-1897 -7-
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Instruments of transfer or authorization for exchange, in form and with guaranty of
signature, satisfactory to the Bond Registrar, duly executed by the registered holder or by
his duly authorized attorney In fact or legal representative. '
All Bonds delivered upon transfer or exchange shall bear Interest from the"` ,
preceding interest payment date so that neither gain nor loss in Interest shall result from t e} F
the transfer or exchange, New Bonds delivered upon any transfer or exchange shall be kr
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valid obligations of the Issuer, evidencing the same debt as the Bond surrendered, shall be ,
secured by this Ordinance and shall be entitled to all of the security and the benefits
hereof to the same extent as the Bonds surrendered.
The Issuer and the Bond Registrar shall treat the registered owner of any Bond Mz
as the absolute owner -thereof for all purposes, whether or not such Bonds shall tier' , a
. c'verdue, and shall not be bound by any notice to the contrary.
Notwithstanding the foregoing provisions of this section, the Issuer reserves
the right, on or prior to the delivery of the Bonds to amend or modify the foregoing'
provisions relating to the registration of the Bonds by resolution or ordinance in order to
comply -with all applicable laws, rules, and regulations of the United States and/or the
State of Florida relating thereto.
SECTION 11. BONDS MUM ATED, DESTROYED, STOLEN OR LOST. In
case any Bond shall become mutilated, or be destroyed, stolen or lost, the, Issuer may in
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Its discretion issue and deliver a new Bond of like tenor as the Bond so mutilated, ;
destroyed, stolen or lost, In exchange and substitution for such mutilated Bond upon
surrender and cancellation of such mutilated Bond or In lieu of and substitution for the
Bond destroyed, stolen or lost, and upon the holder furnishing the Issuer proof of his
ownership' thereof and satisfactory indemnity and complying with such other reasonable
regulations and conditions as the Issuer may prescribe and paying such expenses as the
Issuer may Incur. All Bonds so surrendered shall be cancelled by the Registrar for the '
Bonds. If any of the Bonds shall have matured or be about to mature, instead of issuing a x; t
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' substitute Bond, the Issuer may pay the same, upon being indemnified as aforesaid, and if
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such Bonds be lost, stolen or destroyed, without surrender thereof. ,
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Any such duplicate Bonds issued pursuant to this section shall constitute
' original, additional contractual obligations on the part of the Issuer whether or not the
lost, stolen or destroyed Bonds be at any time found by anyone, and such duplicate Bonds
shall be entitled to equal and proportionate benefits and rights as to lien on the source and
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' security for payment from the funds, as hereinafter pledged, to the same extent as all
other Bonds issued hereunder.
LKL-10/29/84-551A-1897 -8-
Ord* 3604-84 ]1/ab/B4
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SECTION 12. PROVISIONS FOR REDEMPTION. The Bonds shall not be ,
'. - redeemable prior to maturity.
SECTION 13. FORM OF BONDS. The text of the Bonds and the
'k . , .. Certificate pf Authentication shall be in substantially the form with such omissions,
insertions and variations as may be necessary and desirable and authorized and,permitted
by this Ordinance or by any subsequent ordinance or resolution adopted prior to the
Issuance thereof, as follows:
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No., R- UNITED STATES OF AMERICA $
STATE OF FLORIDA
CITY OF CLEARWATER
CAPITAL IMPROVEMENT REVENUE BOND, SERIES 1984
Registered Holder:
Principal Amount:
KNOW ALL MEN BY THESE PRESENTS, that the City of Clearwater, Florida,
a municipal corporation of the State of Florida (hereinafter called "Issuer'), for value
received, hereby promises to pay to the Registered Holder identified above, the Principal
Amount shown above, in equal principal installments on November in each of the
years 1985 through 1994, solely from the revenues hereinafter mentioned, and to pay
solely from such revenues, interest on said sum from the date of this Bond' or from the
most recent interest payment date to which interest has been paid, at the rate of nine and
fifty hundredths per centum (9.50%) per annum, based on a 360 day year, until the
payment of such principal sum, such interest being payable on February _, 1985,,and
thereafter on May , August November and February ?J of each year.
The final payment of principal of this Bond is payable upon presentation and surrender
hereof on November ---- , 1994, at the office of the Director of Finance of the Issuer (the
"Paying Agent") in City Hall, Clearwater, Florida, or at the office designated for such
payment of any successor thereof. The interest on this Bond, when due and payable, and
all interim payments of principal of this Bond, shall be paid by check or draft mailed to
the Registered Holder, at his address as it appears on the Bond Register, at the close of
business on the interest payment date (the "Record Date"), irrespective of any transfer of
this Bond subsequent to such Record Date unless the Issuer shall be in default in payment
of interest due tin such interest payment date. In the event of any such default, such
defaulted interest shall be payable to the person in whose name such Bond is registered at
the close of business on a special record date for the payment of defaulted interest as
established by notice mailed by the Registrar to the Registered Holder not less than
fifteen days preceding such special record date. Such notice shall be
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Ord. 3804«84
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mailed to the person in whose name such Bond Is registered at the close of business on the
fifth (5th) day preceding the date of mailing. All amounts clue hereunder shall be payable
in any coin or currency of the United States, which Is, at the time of payment, legal
tender for the payment of public or private debts.
This Bond is one of a duly authorized issue of Bonds of the Issuer designated
"Capital Improvement Revenue Bonds, Series 198411 In the aggregate principal amount of
$640,000, of like tenor and effect, except as to number and denominations issued to
finance the *cost of the acquisition of approximately 9.5 acres of real property for
construction thereon of a vehicle maintenance facility for the Issuer (the "Project"),
pursuant to the authority of and In full compliance with the Constitution and laws. of the
State of Florida, including particularly Chapter 166, Part 11, Florida Statutes, and other
applicable provisions of law, and pursuant to Ordinance No. 3752-84, duly enacted by the
Issuer on September 20, 1984, as amended, (hereinafter collectively called the
"Ordinance"), and Is subject to all the terms and conditions of such Ordinance.
This Bond and the issue of Bonds of which it is a part, are special obligations
of the Issuer payable solely from and secured by an irrevocable lien upon and pledge of the
guaranteed entitlement portion of the revenue sharing trust funds of the State of Florida
as defined in and distributable to the Issuer pursuant to Chapter 218, Florida Statutes, the
proceeds of the local government half-cent sales tax, as defined in, and distributed to the
Issuer under, Part VI, Chapter 218, Florida Statutes, and all investment income derived
from investment of funds held under the Ordinance, until otherwise applied as provided by
the Ordinance (hereinafter collectively refereed to as the "Pledged Revenues"), and by an
irrevocable lien upon and pledge of the public service tax levied by the Issuer under
authority of Sections 166.231 and 166.232, Florida Statutes (1983) and its predecessor laws
(the "Utilities Tax Revenues"), all in the manner provided in the Ordinance. The lien on
and pledge of the Utilities Tax Revenues is junior and subordinate to the lien thereon and
pledge thereof to secure payment of the Utilities Tax Bonds of the Issuer, as 'defined in
the Ordinance.
This Bond does not constitute a general obligation, or a pledge of the faith,
Prlarlit nr taxing power of the Issuer, the State of Florida or any political subdivision
thereof, within the meaning of any constitutional or statutory provision or limitation.
Neither the State of Florida nor any political subdivision thereof, nor the Issuer shall be
s
obligated (1) to exercise its ad valorem taxing power or any other taxing power in any
form on any real or personal property In the Issuer to pay the principal of the Bonds, the
LK L-10/2 9/84-551 A-1897
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interest thereon or other costs incident .thereto or (2) to pay the same from any other
funds of the Issuer, except from the Pledged Revenues and the Utilities Tax Revenues, in
the manner provided herein and In the Ordinance. It Is further agreed between the Issuer
and the registered holder of this Bond that this Bond and the Indebtedness evidenced
hereby shall not constitute a lien on the Project or any other property of the Issuer, but
shall constitute a lien only on the Pledged Revenues and the Utilities Tax Revenues, In the
manner provided in the Ordinance.
If'the date for payment of the principal of, premium, if any, or interest on this
bond shall be a Saturday, Sunday, legal holiday or a day on which banking institutions in
the City of Clearwater are authorized by law or executive order to close, then the date
for such payment shall be the next succeeding day which is not a Saturday, Sunday, legal
holiday or a day on which such banking institutions are authorized to close, and payment
on such date sha11 have the same force and effect as If made on the nominal date of
payment.
In and by the Ordinance, the Issuer has covenanted and agreed with the
Registered Holders ,of the Bonds that it will (1) take no action which will impair or
adversely affect its receipt of Utilities Tax Revenues, Sales Tax Revenues and
Guaranteed Entitlement Finds, and (2) set up and appropriate In the annual City budget
for expenditure from the Pledged Revenues, and, If necessary, from available Utilities
Tax Revenues, in each of the fiscal years during which the Bonds are outstanding and
unpaid, sufficient amounts of such Pledged Revenues and Utilities Tax Revenues to pay
one hundred per centum (100%) of the principal and interest becoming due in such year on
the Bands and on all other obligations payable on a parity therewith, plus one hundred per
centum (100%) of all other payments required by the Ordinance; that the first Pledged
Revenues received In each fiscal year by the Issuer will be applied in amounts sufficient
to meet the requirements of the Ordinance during each of the fiscal years that the Bonds
are outstanding and unpaid; and that such covenant and agreement by the Issuer to budget
and appropriate sufficient amounts of such Pledged Revenues and Utilities Tax Revenues
to meet the annual requirements of the Ordinance shall be cumulative, and shall continue
unut suers Pledged Revenues and Utilities Tax Revenues In amounts sufficient to make all
required payments shall have been budgeted, appropriated and actually paid in the manner
provided In the Ordinance. The Issuer has entered into certain other covenants and
agreements respecting the Bonds, as to which reference is made to the Ordinance.
1,KL-10/29/64-551A-1997
Ord. 3804-84
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It is hereby certified and recited that all acts, conditions and things required
to exist, to happen and to be performed precedent to and in the issuance of this Bond
exist, have happened and have been performed in regular and due form and time as
required by the laws and Constitution of the State of Florida applicable thereto, and that
the Issuance of the Bonds of this issue does not violate any constitutional or statutory
limitations or provisions.
This Bond shall not have any qualities or in0dents of a negotiable instrument
under the Uniform Commercial Code - Investment Securities of the State of Florida; and
shall be non-negotiable.
The Bonds are issued in the form of fully registered bonds without coupons.
This Bond is transferable by the Registered Holder hereof in person or by his attorney duly
authorized in writing, at the above-mentioned office of the Registrar, but only if transfer
is approved by the governing body of the Issuer, and then only in the manner, subject to
the limitations and upon payment of the charges provided in the Ordinance, and upon
surrender and cancellation of this Bond. Upon such transfer a new Bond of the same
maturity and rate of interest, and of authorized denomination or denominations, for the
same aggregate principal amount, will be issued to the transferee in exchange therefor at
the earliest practicable time in accordahee with the provisions of the Ordinance. Bonds
may be transferred upon the registration books upon delivery to the Registrar of the
Bonds, accompanied by a written instrument or instruments of transfer in form and with
guaranty of signature satisfactory to the Registrar, duly executed by the Registered
Holder of the Bonds to be transferred or his attorney-in-fact or legal representative,
containing written instructions as to the details of the transfer of such Bonds, along with
the social security number or federal employer identification number of such transferee
and, if such transferee is a trust, the name and social security or federal employer
Identification numbers of the settlor and beneficiaries of the trust, the federal employer
identification number and date of the trust and the name of the trustee. The Issuer or the
Registrar may charge the Registered Holder of such Bond for every such transfer of a
Bond an amount sufficient to reimbt,,else them for their reasonable fees and any tax, fee,
or other governmental charge required to be paid with respect to such transfer, and may .
require that such charge be paid before any such new Bond shall be delivered.
The Issuer shall deem and treat the registered holder hereof as the absolute
owner hereof (whether or not this Bond shall be overdue) for the purpose of receiving
" payment of or, on account of principal hereof and interest due hereon and for all other
;? .._ purposes, and the Issuer shall not be affected by any notice to the contrary.
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LK L-10/30 /84-551 A-1897 -13-
Ord, 39U4w°?k
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This Bond shall not be valid or become obligatory for any purpose or be
entitled to any security or benefit under the Ordinance until the certificated
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cation endorsed hereon shall have been duly signed by the Registrar.
IN WITNESS WHEREOF, the City of Clearwater# Florida, has issued this Bond
and has caused the same to be executed by the manual or facsimile signature of its
Mayor-Commissioner and City Manager, and attested by the manual or facsimile signature .
of rats City Clerk, and its official seal or a facsimile thereof to be affixed, impressed,
imprinted, lithographed or reproduced hereon
as of 1984.
,
CITY OF CLEARWATER, FLORIDA
(SEAL)
By.
Mayor-Commissioner
V ATTEST:
By
City Manager
By: '
'City Clerk
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CERTIFICATE OF AUTHENTICATION OF BOND REGISTRAR)
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.'.:y?,,?' This bond) is one of the Issue of the within described Bonds. The interest rate
due date
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registered owner and principal amount shown above are correct in all respects and have
been recorded, along with the applicable federal taxpayer identification number and the
address of the registered holder, in the Bond Register maintained at the principal offices
of the undersigned,
Registrar '
Date of Registration and Authentication:
By:
Director of Finance
t , . City of Clearwater, Florida
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(Please insert name and Social Security or Federal Employer
Identification number of assignee) the within bond and all rights thereunder, and hereby
irrevocably constitutes and appoints
(the "Transferee") as attorney to register the transfer of the within Bond on the books
kept for registration thereof, with full power of substitution in the premises.
Date:
Signature Guaranteed:
NOTICE: Signatures must be guaranteed
by a member firm of the New,-Stork Stock
Exchange or a commercial bank or a trust
company.
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NOTICE: No transfer will be registered and
no new Bond will be issued in the name of
the Transferee, unless th';j signature(s) to
this assignment corresponds with the name
as It appears upon the - face of the within
Bond in every particular, without alteration
or enlargement or any change whatever and
' the Social Security or Federal Employer
Identification Number of the Transferee is
supplied.
The following abbreviations, when used in the inscription on the face of the
within bond, shall be construed as though they were written out In full according to
applicable laws or regulations:
TEN COM - as tenants in UNIF GIF MIN ACT -
com mon Cust.
TEN ENT - as tenants by the, Custodian for
entireties Minor
dT TEN - as joint tenants with under Uniform Gifts to Minors Act
right of survivor- of
ship and not as State
tenants in common
Additional abbreviations may also be used though not in list above.
ASSIGNMENT
FOR VALUE RECEIVED, the undersigned
(the "Transferor"), hereby sells, assigns, and transfers unto
' LKL-10/29/84-551A-X897
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SECTION 14. BONDS NOT DENT OF IS.SUBR. The Bonds shall not be or
constitute a general Indebtedness of the Issuer or a pledge of its full faith, credit or
taxing power within the meaning of any constitutional or statutory provision or
limitation, but small be payable solely from and secured by a lien upon and a pledge o' the
Pledged Revenues and Utilities Tax Revenues as herein provided. No Bondholder or
holders of any Bonds issued hereunder shall ever have the right to require or compel the
exercise of the ad valorem taxing power of the Issuer (I) to pay such Bonds or the
interest thereon or (Ii) to make any Sinking Fund, Reserve Account or other payments
provided herein. The Bonds and the indebtedness evidenced thereby shall not constitute a
lien upon the Project on or any other property of or in the Issuer, but shall constitute a
lien only on the Pledged Revenues and Utilities Tax Revenues in the manner provided
herein.
SECTION 15. SECURITY FOR BONDS. The payment of the principal of
and interest on the Bonds shall be secured forthwith equally and ratably by (i) an
irrevocable lien on the Pledged Revenues superior to all other liens or encumbrances on
such Pledged Revenues and (ii) an irrevocable Lien on the Utilities Tax Revenues, junior
and subordinate to the lien and pledge of the Utilities Tax Revenues securing the Utilities
Tax Bonds, as herein defined, and the Issuer does hereby irrevocably pledge such Pledged
Revenues and Utilities Tax Revenues to the payment of the principal of and interest on
the Bonds, for the reserves therefor and for all other required payments hereunder.
SECTION 16. PAYMENT OF BONDS. in payment for the Bonds, the Issuer
shall receive title to certain real property described in the "Contract for Sale and
Purchase" dated as of October 1C, 1984, between the Issuer and Campbell Paving
Company, Inc., free and clear of any liens and Incumbrances.
SECTION 17. COVENANTS OF THE ISSUER.. For as long as any of the
principal of and interest on any of the Bonds shall be outstanding and unpaid or until
provision has been made for such payment under Section 18 hereof, the Issuer covenants
with the,holders of any and all Bonds as follows:
A. ANNUAL APPROPRIATION. The Issuer will set up and appropriate in
the annual budget for expenditure in each of the Fiscal Years during which the Bonds
thereon are outstanding and unpaid, from the Pledged Revenues, and, if necessary, from
available. Utilities Tax Revenues, sufficient amounts of such Pledged Revenues and
Utilities Tax Revenues to pay one hundred per centum (100%) of the principal and interest
becoming due in such year on the outstanding Bonds, plus one hundred per centum (100%)
LK L-10 /2 9 /84-5 51 A-189 7
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of all other payments required by this Ordinance. Such covenant and agreement on the
part of the Issuer to budget and appropriate sufficient amounts of such Pledged Revenues
and Utilities Tax Revenues to make all payments required by this Ordinance shall be
cumulative, and shall continue until such Pledged Revenues and Utilities Tax Revenues in
- amounts sufficient to make all required payments shall have been budgeted, appropriated
and actually paid in the manner hereinafter provided.
B. OPERATING FUNDS. The entire Pledged Revenues received in each
Fiscal Year by the Issuer shall be deposited forthwith into the General Fund of the Issuer
` and used pursuant to the annual budget and appropriation ordinance or resolution only for
the purposes and iry the manner herein provided.
C. DISPOSITION OF REVENUES. The first Pledged Revenues shall be
disposed of on or before the fifteenth (16th) day of each month, commencing in the month
I , immediately following the delivery of the Bonds only in the following manner and in the
following order of priority:
(1) The Pledged Revenues shall be deposited into the issuer's "Capital
Improvement Revenue Bonds Sinking Fund" (hereinafter called "Sinking Fund"), such -sums
.. as will be sufficient to pay one-sixth (1/6) of all interest becoming due on the Bonds on
the next semiannual ,interest payment date (or one-third (1/3) of all interest coming due
' on the Bonds on the next quarterly interest payment date if interest is paid quarterly) and
one-twelfth (1/12) of all principal maturing on the Serial Bonds on the next maturity date.
All such payments, as provided above, shall include an amount sufficient to pay the fees
and charges of the paying agents. Such, monthly payments shall be increased or decreased
proportionately to the extent required to pay principal and interest becoming due the first
and each succeeding Fiscal Year, after making allowance for the amounts of money, if
any, which will be deposited in the Sinking Fund out of proceeds from the sale of the
` Bonds, or which will be on deposit therein from Investment Earnings,
(2) On a parity with the deposits under paragraph (1) above, the Issuer shall
next deposit into the "Bond Amortization Account" herein created and established within
the Sinking Fund, if and to the extent required, a sum equal to one-twelfth (1/12) of'the
' ... amount of the Amortization Installment for Term Bonds which shall become due and
payable during the current Bond Year, plus one-twelfth (1/12) of the premium, If any, on a
:. principal amount of such Term Bonds equal to the amount of such Amortization
i Installment which would be payable on the next principal maturity date, if such principal
amount of Term Bonds were to be redeemed prior to their maturity from moneys held In
the Bond Amortization Account.
LKL.10/29/84-551A-1897
-18-
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Ord. 3804.84 13./15/84
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(3) Moneys held for the credit of the Bond Amortization Account shall be
applied to the retirement of the Term Bonds as follows:,
(a) Subject to the provisions of subparagraph (b) below, the Issuet. shall :`.
{ endeavor to purchase Term Bonds then outstanding, at the most advantageous price
obtainable with reasonable diligence, such price not to exceed the principal of such Term t '
Bonds plus the amount of the premium, if any, which would be payable on the next
redemption date to the holders of such Term Bonds if such Term Bonds should be called
for redemption on such date from moneys in the Bond Amortization Account. The Issuer
shall pay the interest accrued on such Term Bonds to the date of delivery thereof from :rc
the Sinking Fund and the purchase price from the Bond Amortization Account, but no such
purchase shall be made by the Issuer within the period of forty-five (45) days immediately
preceding any interest payment date on which such Term Bonds are subject to call for ?'.
' redemption except from moneys in excess of the amounts set aside or deposited for the s
redemption of Term Bonds.
(b) Moneys in the Bond Amortization Account shall be applied by the issuer in
I
't each Bond Year to the retirement of the Term Bonds of each lot, Installment or series to
the extent of the Amortization Installment, if any, for such Bond Year for the Term Bonds
of each such lot, installment or series then outstanding, plus the applicable premium if
' y5
any, and, if the amount available in such Bond Year shall not be sufficient therefor, then
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in proportion to the Amortization Installment, is any, for such Bond Year for the Term
Bonds of each such lot, installment or series then outstanding, plus the applicable
premium, if any; provided, however, that if the Term Bonds of any lot, Installment or
series shall not then be subject to redemption from moneys in the Bond Amortization
Account and if the Issuer shall at any time be unable to exhaust the moneys applicable to
the Term Bonds of such lot, installment or series under the provisions of this clause in the
purchase of such Term Bonds under the provisions of subparagraph (a) above, such moneys
or the balance of such moneys, as the case may be, shall be retained in the Bond
Amortization Account and, as soon as it is feasible, applied to the retirement of Term
Bonds of such lot, installment or series.
Upon the issuance of any Additional Parity Bonds under the terms, limitations
and conditions as herein provided, the payments into the several accounts in the Sinking .
Fund shall be increased in such amounts as are necessary to make the payments required
above for the principal of and interest and Amortization Installments on, and reserves for
such Additional Parity Bands, on the same basis as hereinabove provided with respect to
the outstanding Bonds.
LXL-10/29/84--551A-1897 -19-
Ord. 3804-84 11/15/84
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p.til? }?•,••. r?. °f ??> ':ra ?J.??.r,y ?i?:,r`• "•°?'.?: L. r. rx t'?`. d+t'
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?t+a1 },t ? ??qyt a •'?,,. t. .•:??:TS[. s• .?Y`..5:. .,f., ?e-:,y.: .'., 'f •3?t 3s;"? ""gig'`: ??a: ?y,h,?k'?z?•?%.?•n??t .:'?"? 1}'??4'F 4i
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'f ?, iaY".?,. 2 ? 'K;"" k a?R .,f t' r7t4r •rl%. ? TAY G! F ! ?...•?, M1i. b'll'•?!'y? i'??...?-5•}:; Y? f?
t??".?:?.ht:.:,?L':,?g ??"??`?"??'`}:4;• ?:. r ?J.;?C.?; `? ? ????`;?,,.. :;r `" "r?.,?h<.z?;rr,.{`taf<?'? a.?t• °? .?s
(4) The balance of any pledged Revenues remaining in the General Fund
after the above required payments have been made may be used for the purchase or
redemption of the Bonds or for any lawful purpose,
(5) The Issuer shall first apply the Utilities Tax Revenues in the manner
required by the ordinances authorizing the Utilities Tax Bonds. The balance of the
Utilities Tax Revenues received In each month shall be applied first to make up any
deficiencies Id the required deposits under subparagraphs (1) through (3) of this Subsection
17C, and thereafter may be used for any lawful purpose.
(6) The Sinking Fund, Bond Amortization Account and any other special
funds herein established and created shall constitute trust funds for the purposes provided
herein for such funds. All such funds shall be continuously secured in the manner by which
the deposit of public funds are authorized to be secured by the laws of the State of
Florida. Moneys on deposit in the Sinking Fund may be invested and reinvested in
obligations of the United States of America or placed in time deposits in banks or trust
companies represented by certificates of deposit and continuously secured as provided by
the laws of the State of Florida maturing not later than the date on which the moneys
therein will be needed. Any and ell income received by the Issuer from such investments
shall be deposited into the Sinking Fund. +
(7) The cash required to be accounted for In each of the foregoing funds and
accounts established herein may be deposited in a single bank account, and funds allocated
to the various accounts established herein may be invested in a common Investment pool,
provided that adequate accounting records are maintained to reflect and control the
restricted allocation of the cash on deposit therein and such investments for the various
purposes of such funds and accounts as herein provided.
(8) The designation and establishment of the various funds in and by this
Ordinance shall not be construed to require the establishment of any completely
independent, self-balancing funds as such term is commonly defined and used in
governmental accounting, but rather is Intended solely to constitute an earmarking of
certain revenues for certain purposes and to establish certain priorities for application of
such revenues as herein provided.
D. BOOKS AND RECORDS. The Issuer shall also keep books and records of
the Pledged Revenues and Utilities Tax Revenues and the holders of not less than ten per
centum (10%) of the Bonds shall have the right at all reasonable times to inspect all
records, accounts and data of the Issuer relating thereto.
LKL-10/30/84-551A-1897 -20-
Ord. 3844-84
11/15/84
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B. ANNUAL AUDIT. The Issuer shall also, at least oncq a year, cause the
books, records and accounts relating to the total annual budget of the Issuer Including the
Pledged Revenues and Utilities Tax Revenues to be properly audited by a recognized
independent firm of certified public accountants, and shall make generally available the
report of such audits to any Bondholder.
P. REMEDIES. Any Bondholder of Bonds issued under the provisions hereof
or any trustee acting for the holders of such Bonds may by suit, action, mandamus or
other proceedings in any court of competent jurisdiction, protect and enforce any and all
rights, including the right to the appointment of a receiver, existing under the laws of the
State of Florida, or granted and contained herein, and may enforce and compel the
performance of all duties herein required or by any applicable statutes to be performed by
the Issuer or by any off leer thereof.
Nothing herein, however, shall be construed to grant to any holder of the
Bonds any lien on any real or personal property of the Issuer, or any right to require or
compel the levy of ad valorem taxes by the Issuer for any purpose.
0. OPERATING BUDGET. bi accordance with law, the Issuer shall annual-
ly, preceding each of its Fiscal Years, prepare and adopt a detailed budget of the
estimated revenues and expenditures during such next succeeding Fiscal Year, which
budget may be amended from time to time in accordance with law. The Issuer shall mail
copies of its annual budget to any Bondholder who shall file his address with the Issuer and
request In writing that a copy be furnished him and shall make such budget available at all
reasonable times to any Holder of Bonds or to anyone acting for and on behalf of such
Holder.
H. ISSUANCE OF OTHER OBLIGATIONS. The Issuer will not issue any
other obligations, except under the conditions and in the manner provided herein, payable
from the Pledged Revenues or Utilities Tax Revenues or any portion thereof, nor
voluntarily create or cause to be created any debt, lien, pledge, assignment, encumbrance
or other charge having priority to or being on a parity with the lien of the Bonds and the
interest thereon, upon the Pledged Revenues or Utilities Tax Revenues, except for
Utilities Tax Bonds as herein defined. Any other obligations issued by the Issuer in
addition to the 1984 Bonds or Additional Parity Bonds provided for in Subsection I below,
payable from the Pledged Revenues or Utilities Tax Revenues, shall contain an express
statement that such obligations are junior and subordinate in all respects to the Bonds
herein authorized, as to Lien on and source and se:urity for payment from the Pledged
Revenues or Utilities Tax Revenues.
LKL-10/29/84-551A-1897 -21-
Ord," 3804-84
11/15/84
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3
1. ISSUANCB OF ADDITIONAL PARITY BONDS. No Additional Parity
k Bonds, payable on a parity from the Pledged Revenues or Utilities Tax Revenues with the
1984 Bonds shall be issued after the Issuance of any 1984 Bonds, oxcept for the
?. construction and acquisition of additional capital projects of the Issuer or for refunding
purposes and except upon the conditions and In the manner herein provided:
•tS
(1) There shall have been prepared and accepted by the governing body of
" the Issuer a .report by the City Representative, based In part on reports of others as
o necessary, setting forth the established capital costs of proposed projects; schedules of
construction and debt services; projected annual expenses of operation and maintenance
of the projects; the estimated annual costs of renewals, replacements, and additions
thereto; and the estimated annual revenues from any revenue producing facilities
proposed to be constructed or acquired from the proceeds of the Additional Parity Bonds.
(2) There sh3ll have been obtained and filed with the Issuer a certificate of
an Independent certified public accountant of suitable experience and responsibility; (a)
stating that the books and records of the Issuer relating to the collection and receipt of
a'
w' Pledged Revenues and Utilities Tax Revenues have been audited by him; (b) setting forth
the amount of Pledged Revenues and Utilities Tax Revenues, as defined herein, received
i
by the Issuer for any twelve consecutive months within the eighteen months immediately
f
preceding the date of delivery of such Additional Parity Bonds with respect to which, the
t certificate is made; (c) stating that the Pledged Revenues and Utilities Tax Revenues
w
t
received by the Issuer for such twelve month period equals at least 1.50 times the
Maximum Bond Service Requirement on (i) all 1984 Bonds and all Additional Parity Bonds,
if any, then outstanding and (ii) the Additional Parity Bonds with respect to which-the
certificate is made; and (d) stating that the Utilities Tax Revenues, Sales Tax Revenues
and the Guaranteed Entitlement Funds received by the Issuer for such 12 month period
will equal at least 100% of the Maximum Bond Service Requirement on (1) all 1984 Bonds
and all Additional Parity Bonds, if any, then outstanding and (ii) the Additional Parity
Bonds with respect to which the certificate is made. Pledged Revenues and Utilities Tax
Revenues, for purposes of this paragraph (2) and paragraph (3) below shall exclude an
amount equal to the maximum annual debt service on any obligations of the Issuer (other
than obligations issued pursuant to this Ordinance) which have a lien superior to the lien
securing the Bonds on any of the Pledged Revenues and Utilities Tax Revenues and are
outstanding at the time of the issuance of the Additional Parity Bonds.
LKL-10/29/84-551A-1897 -22-
Ord. 3804-84
11/15/84
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(3) There shall have been prepared and filed with the Issuer a certificate of
the Finance Director of the Issuer (a) stating that the Pledged Revenues and Utilities Tax
Revenues estimated to be available during the current Fiscal Year In which the Additional
Parity Bonds will be Issued will equal at least 1.50 times the Maximum Bond Service
Requirement on (1) all 1984 Bonds and all Additional Parity Bonds, if any, then outstanding
and (11) the Additional'Parity Bonds with respect to which the certificate is made, and (b)
stating that. the Utilities Tax Revenues, Sales Tax Revenues and the Guaranteed
Entitlement Funds estimated to be available during such current Fiscal Year will equal at
least 100% of the Maximum Bond Service Requirement on (1) all 1984 Bonds and all
Additional Parity Bonds, if any, then outstanding, and (ii) the Additional Parity Bonds with
respect to which the certificate is made.
(4) There shall have been prepared and filed with the Issuer a certificate of
the Finance Director of the Issuer estimating that the annual budget of the Issuer for the
current Fiscal Year In which the Additional Parity Bonds will be issued, adjusted in
accordance with sound accounting principles, will be sufficient to pay all expenses to be
incurred in,-the operation of the Issuer and to pay the Maximum Bond Service Requirement
becoming due on (I) all 1984 Bonds and all Additional Parity Bonds, if any, then
outstanding and (if) the Additional Parity Bonds with respect to which the certificate is
made.
(5) Each resolution or ordinance authorizing the Issuance of Additional
Parity Bonds will recite that all'of the covenants herein contained will be applicable to
the Additional Parity Bonds.
(6) The Issuer shall not be in default in performing any of the covenants and
obligations assumed hereunder, and all payments herein required to have been made into
the accounts and funds, as provided hereunder, shall have been made to the full extent
required.
(7) The attorney for the Issuer shall certify that he has no knowledge of any
legislation or litigation which would materially, prevent the Issuer from budgeting and
appropriating sufficient funds to meet the requirements of this Ordinance and any other
ordinance or resolution authorizing obligations payable from all or any part of the Pledged
Revenues or Utilities Tax Revenues.
(8) The Additional Parity Bonds shall bear Interest payable semiannually,
and shall mature, on one or more of the anniversary dates of the interest payment dates
for the 1984 Bonds.
LKL-10/29/84-551A-1897
Ord. 3804-84
^S
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11/15/84
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J. COMPLETION OF PROJECT. The Issuer will acquire the Project in an
economical and efficient manner and with all practicable dispatch.
K. ARBITRAGE. The Issuer at all times while the Bonds and the Interest
thereon are outstanding will comply with the requirements of Section 103(c) of the
Internal Revenue Code of 1954 and any valid and applicable rules and regulations
promulgated thereunder.
L. ' NO IMPAIRMENT. The pledging of the Pledged Revenues and Utilities
Tax Revenues in the manner provided herein shall not be subject to repeal, modification
or impairment by any subsequent ordinance, resolution or other proceedings of the
governing body of the Issuer or by any subsequent act of the Legislature of Florida
enacted after date of issuance of the 1984 Bonds.
M. ENTITLEMENT TO SALES TAX REVENUES AND GUARANTEED
ENTITLEMENT FUNDS. The Issuer will take all lawful action necessary or required to
continue to entitle the Issuer to receive the Utilities Tax Revenues, Sales Tax Revenues
and Guaranteed Entitlement Funds in the maximum amount provided by law and will take
no action which will impair or adversely affect its receipt of Utilities Tax Revenues, Sales
Tax Revenues and Guaranteed Entitlement Funds.
SECTION 18. DEFEASANCE. If,, at any time, the Issuer shall have paid, or
shall have made provision for * payment . of, the principal, interest and redemption
premiums, if any, with respect to the Bonds, then, and in that event, the pledge of and
lien on the Pledged Revenues and Utilities Tax Revenues in favor of the Holders of the
Bonds shall be no longer in effect. For purposes of the preceding sentence,, deposit of
cash or Obligations of the United States of America or bank certificates of deposit fully
secured as to principal and interest by Obligations of the United States of America (or
deposit of any other securities or investments which may be authorized by law from time
to time and sufficient under such law to effect such a defeasance) In irrevocable trust
with a banking institution or trust company, for the sole benefit of the Bondholders, the
principal of which, together with the Income thereon, and the uninvested cash, will be
sufficient to make timely payment of the principal, interest, and redemption premiums, if
any, on the outstanding Bonds, shall -be considered "provision for payment." Nothing
herein shall be deemed to require the Issuer to call any of the outstanding Bonds for
redemption prior to maturity purl scant to any applicable optional redemption provisions, or
to impair the discretion of the Issuer in determining whether to exercise .any, such option
for early redemption.
LKL-10/29/84-551A-1897 -24-
Ord. 380+-84
11/15/84
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SECTION 19. MOVIFIOPAI ION OR AMENDMENT. No material adverse
modification or amendment of this Ordinance or of any ordinance or resolutlon amenda-
tory hereof or supplemental hereto, may be made without the consent in writing of the
holders of two-thirds or more in principal amount of the Bonds then outstanding; provided,
however, that no modification or amendment shall permit a change in the Maturity of
such Bonds or a reduction in the rate of Interest thereon, or In the amount of the
principal amount of the Bonds then outstanding, or affecting the unconditional promise of
the Issuer to pay the principal of and interest on the Bonds as the same shall come due
from the Pledged Revenues or Utilities Tax Revenues or reduce the percentage of the
Holders of the Bonds required to consent to any., material modification or amendment
hereof without the consent In writing of the Holder or Holders of all such Bonds.
SECTION 20. SEVERABILITY OF INVALID PROVISIONS. If any one or
more of the covenants, agreements or provisions herein contained shall be held contrary
to any express provision of law or contrary to the policy of express law, though not
expressly prohibited, or against public policy, cr shall for any reason whatsoever be held
Invalld, then such covenants, agreements or provisions shall be null and void and shall be
deemed separable from the remaining covenants, agreements or provisions and shall in no
way affect the validity of any of tho other provisions hereof or of the Bonds issued,
hereunder.
SECTION 21. AWARD OF BONDS. The Issuer hereby finds, determines
and declares that it is in its best interest to issue the 1984 Bonds contemplated hereby and
upon Ahe conditions set forth herein and in the Sale and Purchase Contract more
particularly described below. The negotiated sale of the principal amount of 1984 Bonds
stated in the title of this Ordinance and in the Sale and Purchase Contract is hereby
authorized pursuant to Section 218.385, Florida Statutes. The Issuer acknowledges receipt
of the information required by Section 218.385, Florida Statutes, J n connection with
negotiated sale of bonds. A copy of the Purchaser's letter containing the required
information is attached to this Ordinance as Exhibit "B".
SECTION 22. BALE OF 1984 BONDS, The 1984 Bonds shall be issued and
sold to the parties listed as Registered Holders, in such denominations and payable at such
rate, and maturipg on such date as more particularly . set forth in Section 7 of this
Ordinance. The purchase price for the 1984 Bonds is clear and unencumbered title to a
tract of land as described in the Contract for Sale and Purchase (the "Sale and Purchase
Contract") dated as of October 10, 1884, attached hereto as Exhibit "A" and made a part
hereof, between the Issuer and Campbell Paving Company, Inc.
LKL-10/30/84.551A-1887 -25-
Ord. 3804-84
11/1.5/94
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SECTION 23. AUTHORIZATION OF ALL OTHER NECESSARY
ACTION. _ The proper officers of the Issuer are hereby authorized and directed to execute
the 1984 Bonds when prepared and deliver the same to the Purchasers upon delivery of the
title to the land described in the Sale And Purchase Contract pursuant to the conditions
stated herein and therein. The Mayor-Commissioner, City Clerk, City Manager, and City
Attorney for the Issuer are each designated agents of the Issuer in connection with the
Issuanee and delivery of the 1984 Bonds, and are authorized and empowered, collectively
or individually, to take. all action and steps to execute and delivery any aid all
instruments,; documents or contracts on behalf of the Issuer which are necessary or
desirable In connection with the execution and delivery of the 1984 Bonds and which are
not inconsistent with the terms and provisions of this Ordinance and other actions relating
to the 1984 Bonds heretofore taken by the Issuer.
SECTION 24. REPEALING CLAUSE. All ordinances and resolutions or
parts thereof of the Issuer In conflict with the provisions herein contained are, to the
extent of such conflict, hereby superseded and repealed.
SECTION 25. EFFECTIVE DATE. This Ordinance shall take effect immed
lately upon Its passage."
Section 2. Effective Date. This Ordinance shall take effect Immediately
upon its passage.
Section 3, Public Notice. Notice of the . proposed enactment of this
Ordinance has been properly advertised in a newspaper of general circulation In
accordance with Chapter 166.041, Florida Statutes.
a i
PASSED ON FIRST READING
PASSED ON SECOND
AND FINAL REAr)TNG _? 'iD
ADOPTED.
Attest:
City Clerk'.•'
LKL-10/30/84-551 A-1897
Ord'. 3804-84
;-
November 1 , 1984
November 15 , 1984
4
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11/15/84'
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ix. 1,.51GtJA8iLITY, MMECK ONEI ouyst [_,Irr,ey artianornay mat assign,Cbnlract,
X. TYMNnil IEN On HANWienITTEN PROV1SIGfeS: ryi..rr tten r1r 1'trt2r.JJlsef5 la'a.•tlor,s Irtetir,l harem or etttchrtl hrret:e at %l•s:.,ir7a 4kiialr euntea
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.4I. INSULATION HOER: II Cunlra, t ;I '.sod fur "is sa(o u1 a ltil,i.acat, efts lnsut*".,n n jt:r 1n.11 t+r att. r ,.,J t :, •ita slid n.+7. • s'Jn s,..r r',I.
711, SPECIAL C4AWMS: '
Sgt; ADDENDUM
THIS IS INTENDED TO ESE A LEGALLY 11INDMIS CONTRACT.
IF tIA'T FULLY UNOt IiSTLIOD, SEEK THE Al]VICE 0F AN ATTORNEY PMOR TO SIGt{It4G.
.. THIS FORM 11AS BEEN APPROVED BY THE FLOAMA ASSOCIATION OF REALTOJIS AND THE FLORIDA 9AR '
Cul)vt14rlt 1991 by rile Ffonda Ber Intl It.o Flafrga Alwclatlun of REALTONS
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4 n fit. 4 k. 17..4 ri 1; f'EE_ £rft.r egfrat to }1st the litW111.1?7 ta.I .slab 00ckar.ra.ned talow, at 111r. 1. of C1c11tsa. Irom ttie dit:lurse•n.nts Of Il,e C.r:,,.a ••f/ C{ t.'e,
a tI1.0 ft In 06 a111?,1rI Uf 1'•, .1wis 1+41ehease r•fl:r or 1, 141 tell let. It •s in tlfrefinp the ar!t Lt lin } . f P. yell l
auil r!,l• 111 J:dr,;l•.se yiurs.tent In Ih¦ Iu1r JWln'j Cantre.l. In the ...lit 0. dal farlt fo 1141 faun .,rd .Jrp64)110 is 0elthf..0, 501 lhut Jul, t7•1 at all
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r,d to 50t.r, 11 11.a trtnl.clluts trial[ 1101 Lt LtO1a,1 tlia t.11J of t9lultl Alf 0444)9 of Stiln to pal turm, trio •,.!ttl (hall Ilt9 r04 Itte In fW1l to 414A.Ir 111 .t.,: t o 1,
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Ord. 3804-84 " __?.
•1:
11/15/84
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-"I J '• '•1 h • -n 1 ? A" ? t Orr-t. FYI, + if,. (r 1f,. ?!. r•4 rt.y 1,.- fill. In o:f'o- f r+„r,r •i t*•.4,r f-•I ht • ' I , •r ' " -•f 1y , .f A.
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,ty . I"' +'.r " •, if fl 4111„ ^) nHwr 11,4,0' •y 4 .r..,I,I"1,1. III'. f.,hjrrI er,dy In fIAne,-...,y,rt.fatlr-t,rrr-fill I—n. y ,•'•'' .rtj.n.. t fr. .l , , !+ on.
1.• cot . .o r r h •i„ll J or Its, - v,rd hit -!.it. f-f01. 11,,111,11 1,,1 r1010. 1111. 1-4,1 hp .i, 1a.,.dnn•l In 1,I r 4,.414844 .,M- -r l'I, :t', Y 1.1-i
< I:y 0-1!1, ,r It? ul t • I t.. '.rlwldo, It— 1-4 -1 arrru,l,Ir•, r 1Rw. Iliyn, rr.. 014,,7 of ts,1f irtnl.. ltnn turf, .1141.4,.1 •'"111 lvrf...,R It w I-,I 4,,+y r I .,l,;.. I r • it ,I;If•1
U I•• Al-.l 11'r .4,f !.If fr•d 4,.r,•. r. •p t,Atll (44,10 4I,(; of 4 till- 11•onl 'Cft EO:04.Jlr. nt,t s' I-,I by A nuyllflyd 111ra f-sr H1,• .y"•,l.y tot r „ 0 10 1y, 1.. pore
torn"'! •./ n} 11.4 •4„4 11 r,ryn, ., r)„r-ef's 04111 , 4,T litt- 1,04.4-a'•t? in'lhn A-.,9kr•H "1 I1•a I ...I0, • f'r l•1,, Intwina title 4,t to.. to, ?rF, 111 it.* r 11. su:•]or1
q.Jy la fi'I,1 win yrF' , at 40-Ie .•,,s Or qu4llf,. •,. s-r till forth let Thrl f;,ftrfrt•>t *-j Cl-oe, rrhkh a-r Alt Frr ell1; ha. pp•1 by .i?+lr. of t)• ! t. or .1 !:,•y f•rf'r 14111E
11.v .I?.hyl. It .1141•. 1, ul 1 • ' title ppf4,4,1 •t1l. Orden 0410 Of twta'vl-II r0446nL0 it 11-1, 140ror nr..r $A-so. If t:l!t's Frs„n f •, I, ",,I I.,, r• .1 lilt ,,,'thln
rlelt 11.0•,41t*t, n,,tlfy w,.lte• t ,q q•etlryl^y .•4r Ihi, If t1to1 rle,r•rlhl •4••,101 ti-!F, unn .•4,.41,'0• SS1r6•• so"Alt h-opi I76 d'vl 'r;+••, ,. ..I'll at •:.It,or
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.. I, 1, rI I,.-" 6.1.1 ,'. ••;e'ts .1114,+ Is u.•'-, , . ,clot In I••,avlr j Ilill- t tA'd it"". tt,yy•1 S. all I<o,'n ll.p ul,ttnn Of .11hi. (,) r• r,,, ,t..;1. .,,. t'1..., It
S'e't tt, "r 111 rl1"1 finq a • • ' it ^4n„141 1 e • w1,un 1.1 ,.,her h tl5rtl fw1ho,,W. 1•r 10111 ell 1.. rlu•.. •• f 11111n,ti,,w 4,•Iy't ,•,•1 ",,•Ifr• ,4,if 1, . I- 1-f, It fe,
114,4 An,ll,.r, C. 1 .11 f V1, .1 •, ' ^•Irr We, f.4, I-All, hnrrr,a(, 7.11.4 •ryrt• 0h41 hr 1,111, V fit,* to fe". o .. 1r.•I+•ra-t •.-•'-, I: t., r1:'I?.,;+t t"•rt fn rr•••••t floor
r1r'p, Ild :n 1114. Lhf., It,e 1: .,f 1,•w•whtl, Jn, I,s,fl-q is," l+.Iny' q oil r•,.r.at,.y 4.1111.
11. t KLSTI'Jf- f.0:1:1TtGAf3T' ', 'n f„niah 41101••heni Plot ..,lr,?r•+Mil.hJn.fEf l.tt!npTn,,t1•-n4,t4•' rnrr,rnrl7- ryrr. ,•, r.,!.,It •v'v0'•J.-.I-,.thrr
{1,,l ,-,•••p 4JA!tl It in 1; vo . • v .. g-1?0a,r• rn,plle&t 14111Int it of Ifiis flnY•r by It,* ...7rftl.ur• (n 4,41,4 ni,F elrfrln't I•rI .:•.,-I tl.t , toy to • tt , VI,, of still
tC •i-, •Id I1! to'0 n.nely.yy- ,..- 0r.l ojot,wij, 40'-r PE1yat, 0016 llovo. I'af '0ecrn•1 Is • 'urs'att, Of •,f,-1 1.-I I'll r•.,+ In !1,4 !.,tn.. et ..t•t,r .0 nyot w Era
1,:r ^r rr.,.,,» In ••, 14, t l Ig111i4, 0'. ii,vm, •n-r ,?-rlnlt it.. rr',trwrt unify r;.t'ar rt.• it In r-Y su,h ,t1. i. 1,r ;0'll +'r •r .-1 31Hr••'p-AI' .6 Y , •y S.U't o1
a rch 4• ,1Vys•I-.Itpl.,r•.•..4,,i•:. -u1.J,,,,•p to rdllAi•f enislnv41 It..A..,nsnt no • nV p.r.mv .t'..n.I!r 1,•I,+!•, .4,f..,, j-•11.411'. -;1j. 1 to
C J••srr 'ttr 'lll•.CY rIi•lf:r S T'. parr 1,,t• w,n,•ry „4,41 .••cf r ,112,je,. It A'v, lr, it I It., t.!. t.. .11 rh,y r1•a:•I ,.,, ff !r 1t.r1 ,I II • sit if It to a
IF 1Ftt ..q.1.. ,.t 1•, r1 +. 1•r • ........ l It A • o,nrf•71)r• tt .0 l,• :.M fro, t,st,f Fit r,1 In tit.•• r, , In I—I !t .'..ye ,r .1 i. fq•
r .'. r .•t.,4, 4r 4.y . cos. .i?• .,. ..t.,1 .,... , •,I f)f r. r,t• of if,, r to I.I r .. ..I .,..I•r;'4,1 + + :... Gr'• ,401,'4-I: .' +.. ?! 11., ..,r.r,
. coy nr'y r..l ,',r -1, .•r .n u• -r•1'y 44,,14,4E rr, ..tr1.!?,J+1 r. „r . •.i.1L,J- r ntpl pr,.....rly uf', t, ,,l toe 4. ..,41 x-f Ina', ;. t!IS 11 1-% In 11v 4.7u-tir j., 'n the
rent „Iy 11 l4,. It- 4, ra:f m- x4,001 rr.l'I'tp 1110 col+4•x40 its tf,r ,.,.t u.. O'e'r-1 rr npn4ly 1,J I, -rt, off ,,etCo t,.-+l 7n•f wnr.u, Jn,n:p1 In 1•,4,.1 4t4^rur; . ,1 00.41,:.! ttsa
47 v••.•, f of. it r, rol•A•!y t'nr• 1 .1, 11•,Il ....J, Jill, attuns 7I or fsl!q cop 4-fv-t o1 undert proot n 30t,iJ-fsl, Art pR•••,n01 ,..uY it ly 110ing rnnrrts•! ",:Ii, at vii,-t•,4, It •'.10.1.
1 r s .r,i In If.' fyn of Ihi mttlly•J^ Anrt pvirle r,te•11,y roe U4,{-If rlnlr ttrig ;tnlN mnntl. - '
13, SLfr;V 11Y: Ihi 11uy.t. ,•rlthtq 11•4,0 .,tio,vw-1 fal d.tlNe.ly of ev kTos nta 4,1 till. p•ul p. pnlnANnn 1114. 1.p f, r•vy I.4vp Ihi 1••npw, fy tu,v,lyr,1 1.I rill ea !,•1 a, of IF,,
IIJ,,,•y, rfrtif:p.1 1) 0 1••Jllt, rid rte.i•!p ,ue.wyur, tj,o.t Any anr.ln.e h,npnt of Said Pton?,ly or Ihi[ I•I,In u,'e^.r•,Tt I";w.,lad t9 III furel'r!ttn t-'r rr:•Jv.!y lI f4,ct
1•4,. 1. It h 4,0 t,ntff of mitt' -•1, 4,r In1Atp any of trip Contract tto-nAn,a, tf:4 -*-0 sPpii pR tr «p t.•t r1 4 I:rr* lfaf•Cf, , I
E- t All f :: 11.1 l•eyer, ,olthin 11•,fr plfo,rar) for 1.11.oley fit ev:•S1,n1 . of 171t. r,'I t,4••,rn4tt.rn .h.,,of, O' ^S lit. I! ',n l0 i4ays p-;,or to tley l' ? ,?• } ......'rte
,i1, ., •y 7 1,r '.{ t„r•O,0-tr,f4 t"I"t'tlPill at 11 t•Vop ,is rr1' ,h* 1•y 0 rI•I,f' •I f, -1 C ^I, q, 11 lr •0, - 0r., ,1 -+l, .r If-..* Is Aril . :to
1-1V ,r1 n• ,,4 ...stlfr.J fA-hp tram 101"Nor 44,fr1ta tiryn to the fl• I •-•• "'etc !f , .l • • Is J,. . , f of P. ' hoer, r •
• fn-7 vnin;7, 4,.,04. 1.,411.4,. •t.to
4c^• a .,f -01-- 4,37:•• t4t•.ar or 7 rfAvi ,flrr iq,"rt:en of A ""I"! tut, ,:, I n,, .r.t j," r+Jt,•' 1. ;.'hen 4 - I,1, h.f 1.r.-rp.t, nh,•U:r• t'!:•„ o. ,wt. :n•
1-«:le11r 4,.t 4I' .`. At ore 1-Y 41 flcv,k•tl lrulldlnq ter yp^•41t con-l"'Ie'r tl•ati I.ry r-rtoI of r. • a ,• .S rr r,rl: of+,,I'!Fo,-.7p top in u! !•t.. .4 -•r -col ip.
$1, p,J1rr t ,Ch r,-s 4.<r0d thal •rt,nunt• fTuVer N,-4, I.4.p IF— nr,!Ic,n of r,•rcil'tn; r ,-,V ASI ,-14SI r,? 11,, • -'+r, of rynl•r"tn,'f 'p? ail . ',y y':•inq
+t•111-n r,nlt,•¦ le e.ltar, or Puyar r-oV p1hc1 to pent Ii-I wlit, I1,. t'..•,-.lion, in wi.elt 11 V,•• 0,411 ,r •v• a C"'11r at c1041,C Of an Amnunl I: I '1 T'4 ?T Of
i4-? ru•Chta# rrtr or. .'Ter mll pt" it, 1' 0.r d?a•n.,d to Ins I,r,1r Alt ," i •1.t-toy in go nit it nlt • s e..,tr 1, - ! p3 LA Ia1,c •'r:• unrlr• the rIc, 4,1a roll cos, 1, a, r.".
1 . I'. ;orTS • 1.'D EGAES;: Stflr• .v,,.rrnli 1':A1 to L'. Is 1:,;-it And In 1' - r•. r,4'•.••y c,'Ti-tn?t tot NIt t.•+r•+!?•l .Fiat cos .l.s-•Ib,rrf in re•+,•+,.? Jll 1, a•rs(
:4,4 1 it, to II in ac•7r lone. y-:11• ^ , 4,!.•'1 A. < f •, .. •,
f:. 1 c• r.F! S•, •ir r'.r 01,.10, riot t•et I,.- 15 cf: t•t p'tnr f0 fh,t?•,y •1,1 r?•1'?'i to' 't y.: tI nka [,T o1' ,. •?i.rn 01.4,.0 A•i! ,at •.• S i r•P i, nr•.? !w, l..t '! lT.t
f,-'..." ,^.d Au-wl!tlI UP +141 :pt tat„S 4,:•d t'1,,^•:.1 Pint 414 „q,•:t - r'.,, ,"!t -id I-•: •e4,, In the ,• 1 i , -s, ,
Y. V J t Y 1 1 ' r• t •.p': • P. ... •u•1,
0"014, rash t- , -m. (r., e.-.! ,p7'c1r ,halt 1,1 jurrf.'•r,j by i•rlr.r f•> V,-4 r, .v1101In t,41 Tl.rr r,.•tr•d in ihr in,,, .-0 r- , "1,'s pi+f.,,.vit u tna
t 1., t'• ..1.1, -Y O•r,.t temn'1 to .• nlir•, ,~h l,f n.rna11U 1s „!'wtlpr !kl •'! t:.R.w .! r+s7: • r'I tt; tr at fr-,,. 4,d tr}a y
C s iV 4'n4a? .! ran i:rp
if ?1.1t-y;. 14,!•44 .L 44; I•,Ifo .e 'n .1 "'IT pn11 r. ,yrllolly 1 t: •gt . , . I•„{„ f.,. n:sl, en r7 ':1 w, .1 11. ^
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t' '.e, vie .rlnq S :1•ft. I'.7,t1
0:31,...4 l., l,,av'•IpJ to, I. ?•A.t• 1'' a , ^Sr g 11,.11, ..Ie, tlal,rl pj tl. . t. t'al 1',Iarl 4 ,I.-,n 1., $ellp, ! ferrth. w. '
aIf, •:h? ! .1 .,rr h-w .*^'^ 4,rrt••.'•r,re.
4144,!0 In 144 rf.,p.rly for 917 trrr a ,pltiy p.s- d -flit. 01 clot: . - • rrrpoorty oo.l ht-n Jmpravrtt 01h1n said lien, •"a"••' ?c to i4ol 1,I 4?'.p - ur ,nph ari
C! 41, mp,h0,l[c's Rpn1. •.0't,f-j fir 'J.41,11,E Contra -•0"Cntr.110's ..1J.. t, *rid rarer 1.1,-.•n, in wi-I , r.n Ifr Srtt.,'t Ii.n Ott: •1,,11 t1,-Sing to-!h Y?1 I%, -1 ql
a'! •h ,r.If s pnl'ortC's, 4.1...... 4,•. •. lops, 4ul,p13r ,Art 1141.1.11 .4,(1 1.r'tlvl rpclllnq that to fact all 11'11. cur work to r• - t+rrF•-• •, „1,1, t• r „rf:f I r,r 's . 1 Ttt,
Jq• a .•,. ,-Cc's f:«n 1•rv I r•.4, f Aflf c-r ,fit I,& pabf I • '1 Ip.
i •Pt :Ct, ')e CLI7SMG; Cfot,nq'N.I.1 . ri.id in ec'C W•,.t*in rrnpariv is to-4lt+f, al I1,. uftlep of altprnr• ,,, uth?r CIOtlnC P4'ne .•. - !.y ^„I'r.
1. T 1%4C T1-,!s It Cf the -1141 re ,11 eh.t Cnnltatt. okay 1rl.fwnr,it 1, 1,pln III Jima perlufft nt r-te than C 4&toI %I• ±o+ In It'A colnthl!••t-e n V I,, .,II !,.,!or 1. t;mn•
•!.r I ,4,l C ;o 4f huild.10. f,-1 any t'.t•0 p.. Intl pro0,10ti for lipi coin .teach O, all end nn a ^piIUfdpy, Suntl.r ti- 1.441 Io;71L+-y thin „t•nd 10 5:00 $1,vI rf !• + 4,--t tuff
K, Ell,11CUL!F_N tS Fr,n 01.170:-Jr',: !1014• rho 11 rue Illh d0rd, •^r-,hanSt'f tl•r ,Illd•+[I, rf•'?^••44,•x11 pt tprt.t, -4 a^y c:Ir«, Nvr h•,!ry •.,x 4,40 It'll " rv bit -I0rw•1 in
c ±,-.•.t'un ,with p,.f,tting the t11!, C.'Jylo- 01,11 Tumhs cratlr+y 1MUn.an1, n+r7t'gs, -ntu06030 Intel, s4rurity •q+rHnp"1, pint! fln4^c11q t1A••r-,44,01.
1. t, y r'L fJ•^,ES::2414 d,c t -n14•y s'A-er.0 -WA n-p -wqu6 ell to 1.r affl-p,' to the (note U,nrnl of tt'n. 0y.nr r, Ihtpr,g:110 Ill. ten ?„j ••' u,tfrn- el C ,•-t 714 rnnnty
-a to $.1744, A^d 1011 cot t.,-tflh;, wrr toruttt+o 1nf11Lrl.nrs d 01 1.. 4,,M ty Cp!Ir•. 1}n•!u•^•nt„
? etp^sl+e tr hr alfi.4d tot-0 ..n10 •,• no+• 1 t.•.;, •,1 try the
„col .y r-,Unwy mnrt?w•a, ;eft Cl I— L.r•/{4,q it,. 84.11 mind finnnrJng I••t.,•.rnt, tl-p!! fir 1-•Ir1 low nt,,.r.
-.r 1 n AT1014 0F 7 AICf5 {q F. .6 t. . 1.'11' 1' X1.5 C•1 A LTa,rt to,.:r L41.. 0: a r'ri tree . 4 nr N,. ?u..t It V- of, too 4 .47:1, dur.110 r, r•rr! •• Iod6 SRI • tr'r.J^ W l,.life
Il r,. to "t -4d hd•nest•4d u1 011,41 1••I'1.,Ilo.'t If alit-lyd tot said Vs 1.r, if ftns:4,g IIECIrrt .1 - 1!111. 11-,r,1 the cutrt-l ypa•'s n4'n-qe 4 4,c,l ti.,ff. •'•'r r „r'xt 1/AI's
.•I ..Rot is avpileht0, Bate rill hr v.v'Ar.l het«d ut•un tueh ws•u nrnt, and tat r11pr gr,l• t r4It14yw. It 4u-ttnl yt),'t +esrta..-pnt to nVl "TO'! It. 0, tptrej -III
! F, ; wlot- 1 tin 0-or ts•1n1 yrat's If4: t'1Vv:.It 1.',1.-velar, If ther4 at* to litA11:1 hnprov-more n•+ lbw rrot,rrly t.y, l,ou try lit of Vale Of clrrMq, ,.,•.',•s. J - LrrJ iJmrnU
a- or net try p,frlan: a or j4nva,y 141 ql tha 1.1101 yea1. Ihyn 16.11 0,,-11 Ira p-0•ht1, j b4t•1,j upon too t f."wr yw4t'l mt!rage, and et 1.•s %Iut?At fe wtlru-, 4 •t !•J bt r•wword
up!••r betwA.n their plPlips, falling r.1, i•,1,, r t•lunst will b4 enema to the Couruy prapfety Ap14,.:set the an Inru"r,AI atststen0nl talklnp Inln tuntidr•ptson huns.ralrAd
s.a'r; Nan. it ?ny.,14owever, any for ilfattiot,n t,wled on an asilmooi en4y at rtqurll 4,1 feith,l I,pttr to tl,* Itant4citun he •vt,lruupruy I*-'!jlrir.•1 Vt•un rr-elpl of
Plot 1,,H u'-tand4lan that f ifaf*m.n1 try that A1Jrrt It self loth Jn 17>4 rfoanq slnr0,t,rnf,
01, yrECIAL A55ESSk4CNT LIENS' l;vrt4fled, runtIt.'r-d 41.'1 r,tlli.d .nrtlal a,srtur„rnt Viont as of dale rif "citing (and pal lot of effmillre (7Ate' 1.•R t9 be gold
by 3.04", liandlnq !lams is of daft uI ClOttng ahi'll lit tr vireo-d by Fl Uret, peCrldwj, 1•orrevsr, Ihal wh.,e the lmprovotment ha! barn 4uhr/lntlaRy to-^b'-S'd viol the
Elf„cr4& POP, such Prnd(ny lien s'-mil bit cuntlofwrd as C4rt711*tl, tonf,tm-.d al r?lifird And Sorrer -_-,air. at ctal)ng, hr tharg.+d ¦n ar^nunt t•T„AI to ihr roil prtlmtte
by loot public ba,ly. of the at./lim?ni far the Implavwrnenl. I
0. PE H5QIJAL PPOPE ATY MS„ ECi CON, IIEPAIq: Setlet waltenSs they all n1A]Or apptla4,c•t, t+nAlrnp. rontinp, racir?c1.1, nlamhlnp tY4irrrn, a^? ' .;4(Iary •r. In ,
t0•s9ijran As 4,1 6 FlAys prlgr to C14141ng payer may, at hie r4pr H, have Insn•ctions .r tie at said it,-% t,y I4r4•tnd parsons dotting in toot r t .+l• ••,d main.
•44,44,,- tr. r•,ai, 604 shell r417a.1 In 4v'ilrnd it, ynff,t .11th {lane is rduml not !n yep-king rPr,t{if :an pfinr to lose, ing of "JIF,fian IhMeb 1. of C N•, t :d 0,zip"g•,
•rhl.-!•pv ev It Bret. Unless 2uyst 'etlor!t 1A11wors wilhln sa[q parlod, t,¦ tll.It by Hppmpd To 1,A+e 1,.;-1 Sella-'f -,"Finty, is In rill ur cos net leua,e .;. r' r»sbrt-d
talrulre 1140f tie cotlaCti.l.t S47iar's C-tt'.11th funds Iha-Slur •acraw.d at ctnttog Spites .g•trs to watir}t rrcetl la, lnsr•orifon upon re.1.p r.ablr r.ae.?a.
F. iteSK Coe I.CSS: If 1110 imprgvr ,4•nt1 ale darn,tp.d by fire Cot othe, Crrvpijty polar to tooting. end rostl of ,rtsOtlr,g to -.p dr-s not e4r•ro 1S ill to f Alt4le4d )
V'tIVS1-Cn OI Ihi! iI P'uvprtMt w eI •.1.p..!. Epee of I.110rallon Nyt1 be an OhligfllOn of tt.e [410x, -4,1 clP4tnC shat[ r••o•.°1 nU•aU•IT fa 1114 ei•,;.? _;; f•r,,t apt
+IiFI 1 Cot-t1,4rt1af rac10-,a4 ,t r,lnlol •j !he, -onf the tntl of lion-Ir or u•rtn-4!!nn t-gFi••1a'11C us 14. FitirS11r1 k'a41v-Cr• rot '"•p ;n r.•C+pnnMe k4, +• n !. 3'tYM :1
xha11 sl-r 1ooA notlnfl of rithoof Ill.- C " e rrnp i,ty At I1, Ipgplh., -.In 0lfhvt the tool-I 34, a, "Y In-weinr.col pent?•?14 4,.h,!•'+ I-r rlrluA tit ruth t;ol cr 16-
1e. qr at
ti
c ia-,t,iling Contr4tt Find set-a-Anq is1',•1 of r!4nC01(iI mmiso h.•,RUnda1.
fZ, e1AfNTESJAPJCP: rvtltrr:if•stondl•IS1 the plovidorrl of 5tand4rd U•„ 1••'11,.44, Efhetlrr 11,411, a•stl rlnting 14eU• y.ro--oft 1?"eR!•fy ..f+•:[r•.l :9 1, r7't-Ai'd C)•.,d r^st pfu;.Arty, Including lawn, too.' r 1,.•y and [,u•JI. It soy, shall b.' •-4:r,, p',. 1•E1 !tY Sellee In It.t car. j:1;011 11•ry eritttl• • ` . T rlf• for. Cie.e. c r-l. t•y -4' End ?dt
!rat e• C.Pt Ff, end Ttuyaf or 0uyir'1'f•' y•.•• weir fit Pr•r,Ittrd.ccots tar fn t(^0CiJ01 {r.,9! to Clnling 14, 84,14• t0 r.orlt!1,» Co,,,, • . 'i, 01+1/;Jt4":rsrd-
n- o1pocE E44 or SAL, ANO CLI I '"G3 rnOCl? Ill tlsC: The ft.R•1 it All hor r?cardwd •.:,a4, c1.ir.nrr or Ito-Ir anit r4men. I MI:nVW[f 41 13.4y4''f arpenea,
to d,O.v title Io PuYet, without any - -10rrhrinapt h, rhoinga whirh would rwA,1•, S.tlt,'1 Iltlp unman ptsit,lo I•um the [lost,, -%I rvldencp, 1.,i 11,. t-s1, I.tq.
crtdl at r.!r 0,a1J t-r hold J4, •-t,avr ''v 51110-'s situ." •y or by 171h alh*t vmtO,v rant -t -vy bot mutuallx, 1,a•Ned upon to, . pr,-ud of not fO'4*I th?, S days
ham mind -flar clnsing dtty If Split ! '4,'r It tench'-.! unrrrs•t.041,14. (Ivy., 1l'all wfthln -?trt 5 fey prrtod, r--.ply Satter fn ,vrltlna of 1-1, rlrrrc' s-? .10:44 shell
1 are ?lJ dove ftl-1 441E of rtCplpt ^' • IN npllflot Attu- to role* lard del-ct- In f}.t -.or.* r.r1?1 faits lu tt,-,sly r•,•- /pltl rjoirr.l 14, .•sonl•j n.b1 t-..rtn!R. ,t•all, upon
'a Ntl•n 1t •••r ind 1hr10for and wllhtn .Mrs t1,41.44.,, fit Irtu-n K1 to ,!utr•• 4.41, airnul-, n"4'usY alth Such ..r•ry meal, poly.- x1411 4.-alt ol,r r,. ?1•'r 0,H •.er m.
yy to-,0 con I•'# SpirOi by SPOO r w4•••,-ry rl.aq in flier rv4,.f Tlura, f4u1 1.7 moolp t;mp'v •!' -1 A,,,-j ear ,rton,l ' ' j"tt lat. t:t • or Is, -.rwlry as •'C' •r •?-' ^•.Il,r
is Ip ..c1, Inf-•,4,4,04,4 110f.Cr rttrf.t 41 4,..y rise av?n Rhlel to rluytr toy vlrl7e of w.r.an13N, H •4,y, cOn101-'4 In Cl/o0 1- 1111 m-4nt ! n7•T'a1, 1.r 1?r rY•"1100-
p-lrs Is to 1,4 ,t1..1v•d fool" Inattluilr•rai financing or refinanting, It4o 4ogW R,nentt of 11,• I.nding 1111tituflun •e to pl.'p, 14.•40 of day tn.1 r'r•-•.•.l fcr Ci.1,
In,, and tar Arsbv•sen"rnl of rnoefooi j- wOCrw<fl, s'AIl . Ontlol, •nylhtng in tools Cnntrptt 1p 11,• l.Cr-,441 plot w[ttss'0n,i'np. r- ,14.d, ,n_p..f, t• •t ti,. 5«•:., t1-411 }.
Shp Ilyht to'a.lurte T-O,1, tech '--.irnq t•,s1Nglinn at ciuling t tO•umltmrnt that sl -lit-01 will t.Ufq gRh:f•tnn0r.t'If "n•44ii;F P'CSf-r'!f 11 A ^+4';'f c+. •y (W.
'1,0440 x01?,1,=ltah'a to ?ay w•.•-•qng+,;'• T}.r ^.aOS poll taus:r.p p, •.r r.L1.0 f ".,;"d t:y JWJ 5!?nd•,e1 '•,py I•A 0;..d In sF. r.r,t the pito•n.y, it,*, ,1?rl r c':atnq
•- 4,t f^l,o•rs 0.41.4% r^
?dv.rtt rtl•-T s'. •s,u'.t to g'Ltlon Gg 7.: EA 1, r s as a•+,•^ r..d, t
5
S. •rFCnavIo• Ary v-r,aa ry0wi rec.4trg furl,, tr ar,toorr7twa71 r Ay•re 1,1 :?Iet„r.;? t!:• pf !] ;r•4,• ;.-lr •t.;>CfSt *n i ts• Il?ed Amp In cos-.]w x,d T,7 db!•urst
-imp i.rblta•t In Ctna. pieta ilr -Al in n .o,e.nrr with I—% all.} Sl. ^'j1.lur? 4,0 con.-.•prt Tsl-.l.,- 4,0 1.4,... is Pon It %O,itl --cot !!4[-S1 f,Ar•nrrv: -4 !•: .1 5 n,1Y•-r
to loop r>,•'t of "C'tbl col 1C 11:1'1':17.' ',I t:.blltllmif uud., tar pip+lrlU•-o ,s' 11,4 r. 4,l•. 10- «.. , ., .,- . :n hit -.it d1v.-fiCn. cC^ilnut 1u t.cl-j --41 ,,,'Sth alt IV. hlh:t:t Air J-111 -L-10 .. .,..ti: :ha 1 art's, ^ , .,t-,A1fY ";'•4 to to', '!:1!,u•1 •• • I It.,,.<; 1, 4,l 4,'a •,t•,1 t . CCell Of
( F
t7•"11•!rr! -!•f1.:•• ?•< [Mall
,1414,.-•,,?1 Its 11,04, 1,f l1,, 1 .-ti., -'-•.+•n, u• hr ,n1s !.;.,JrJI Oil if r n,gn`pt t11,n h.'.. .,•...r-l Iq 1h11 • ?i,1, to, or Ct•II oI trip
Ci'tt,'dlg or emir! at `e ! ovnty
I-r1+••J (ur10.10t14,n at l!4, uT?, to, ' •t,z n ^u1•'yirg colt 114, It's r. •1•, " R • •+•+f at lvcl• r-•irrn,a't ItabliF•y pin :• ! Of !,' • *Irr•J v s: Ent +'-401 h f1,, 4,c• 1•0
w.^ppI
1O too, OF twnt of Kcnynll1,g fur fi sr ,• ..Ire IF ..r.lnly•r d011.6,v1 out of 1,-C tow. is 4 r , .,n.-J •.01 .,I!tle tool +•• vr->- run,rly ,.111, n.'-- ,r $rctlpn
17'5: S 111 Isl. r S cot fo-i,ford, In •/ . r-«^f ut 4nY 4,1=1 !te i.r•0r• nu1,• 04,41 Sprit., .. r,4,p in it.. .1.•.n,. 1 •'1 n .Hr a r.-., I+y -i•f•.r4 of Actin; ,.. , •,, rye;. cot g,
.,-II I.1,. r,Inl4r, or in 1}.e r.•nt o• I'•1, wit s1. t,r•rln .•4Cr u,1, pent Intr•Lf'.••s for 4,b]•ct -01t., of t`it . ••w, the ears^. .gt.It ?'-piI hr rntit'I•' ICs •., n,4r e
r•r?. ••r YOr t'-0-ney'o f?r •,.d totit in,•t•I?d, t-W Mel mind 'I'll, 04, 1 0 ef.rq.d n^d '400,-4! at -Wt c-xll if, •4-.•i• at ie•a n+•, 4"it rt„y Alt r,•l'rt coy-r t-,at tt,. ,
-s:-r -. •;•.s! t-vll 4,a to tia414 1C any party p• i7011n" wt.o„Iu w-4 far mrst!e1I.4•y 1•- ljg1- ur 5"t., of •nclr'vt e?S•i4•ci 10 th•1 -v-C'-. U^'*n t,.th
t 44.4,4, agrnl> .w. jY'
i e C1k,? Io w:l0ftff 1114 r.1,1.T fl,rt Cantlpct no ;roots flnffy«MV on tl., t R,1 7f ff
T., At T']'•1ry rrES AND CCSIS- In ens....-Ilnn ..ith any I'Tt;A!1rn 1-1 nd:,t 1.r,•."011 p,rlr:?4lnrt 4rLlnp nut 4,T toots Cunt+el;i, Nr O•4,r'Jt•.g C'•tr 7' 114 be
t
• ,!arid I'll-
RE .. vI a, 4«414,. pit-. atlo'rl.ot's fmi.l .' .4 Colts
U. 01: At1L T- if 8-r/., 1,:'f to r,r,fol n Ih,or f'rrn l,4 ,t .-10,4, the JJr-,- err_ 01.4. t- • •+..t,r sltolS t-•'•t t•r Ihr 'T',Y ?. a4n•rs.1+1 .•,4y b0 r«•r'..•rd 1•y d' -P• ,t p .-Uf,l k
O! $rf•0• .1 171u114ir.I Cleo-JRt, :0,•111.•1. 1 to !01 11 It ow..-ulion pt 1t.,0 rgM•A:1 and :n tug rr•t1e -1,1 of •^v elai,-•1. 11C^ .11 I1, r'-1 -' A:' t.• ,4'14:40 1.T
Hl O••tlgptl„^t under the Cool-upl, Or S011af. Oil hit Ap17]n, tnoy In ur r rd a% 1A:, of In con-.See it, ru0a•r0 1,h 1••J.I r:gs.n Gndro. 14•.0 coon:•rct It. file t-y s. - Othelr
1"44, '1..0 ),0 of S91704 to st,.d04 its 1:1111 Ms., •101,14'41.04 r!dltyr •,t spurt, S.11e. reps. 0.80.11 u' x-0.,141 tp p'.fo-nr ItISs C:0.11"-1, thw pCt yte IneY aryl 1;.1.41r. pet.
1x--.:4.101 o, p4-t to IF rlrp +4 tprufn (if File 14rnrtsIllt) v.rlhnnt 14,.. ?hy noofvin; A^1 wllmt to. 1t01•,•.trs fis"Iffh,y flop, STelrt. 'i !-s.ach,
V. CONI RACT tt,?T Fits;Qllt?AHLFi, rE;RSUtJ: nnLI-J0 AN() NUTWE: -J.IIS.r, tl''l Cani,•rl nob long ^nti•.r 04.4401 sh41, ht r"Ordr1 fn •4,y I.-bt:C rteo4dt.
Thtl Co 1tis.:t Nall A'r•d 4,1,4 h+y•p fu file I:Pnrlll of coop pa-lies 1e,-01p 1.-d toot', •u tt 0401-cot In f•It-r.tt.:i1,4ntvl- Sri. cO^fptt per. ,141• l:'+j ll•, ft.a11 ine, ••1. CIut41 ."d Xt
,-•4 y*,i'je. shod :.!* to 14 . t. 1•r•trcr 11'•14 by a, con toot 4th9rnpy par althwr part[ •444141, at WI`%It-p Of 71 g'vn ht 4,s to x1;44 ra,fy.
Ir11(1A,>1IQIJ5 ANU ?v3VFt1IIi1.E- Tmi,as, at•no ens4,t2. tent, Into:Rsl,y lInd rti.•r tII- 1•F 1.•..1 ...... of to,, r, .,'.474 v1.tl 11, .1 of'IHe 1
of •rlrs:nq. r4{uYaf yr•tlun .)t tt4lny liver my etletinV pzflorI o!' l Ivpgn.r an %I-r rrt•p«yy, it - %-,,at.la. (n w'+i-tt r.-rl p'•r''stu-.o IFIAt I-# -1orpt•4.
Tj•w F-40, AI cluslr+p J1a1J fe lrerro.r•1 or dpcrra4r! .s l-.y be re,lurrrd I,y t,l,1 j,rm.ttor•r All .per„r,r?s IF, Cunt-rct to p-olt.tu,•s OF Cf Jplel of -yell bet
d•+e,..• i ",ss11, *1 CLrtIpFhly" It 010tr AwtO Ur, url' u0cot ut rlntinq, unlpit Ctt,a,v Iio plnvhj•,t far h-Iatd.
X ' :!1NVC YANCr. .r,-law of til qm coy tie, tO Ihi p+np411 y by 01.1'.10ty -,III.Ily df'•,1 s. hj4. 1 ant, I,7 1i,•ttrre tow..in-•1 In P - a -„h VII fill, nsf t•-T 1' 7•e n1ls 4r.
.rl•v ., 4 1,Y l1,fi .f, rn,a •„1.1 p•ni,»•SY ''1411, pt ter. -?,141r+1 yI li uy .I.lH 1 •,n,. 04,1 hi an Aj,uJ[urw 1„11 of 0411 -111, ,:4t•«•4,t OI I: s1r, I .f ]4, 1 1., 1 ,. f. •t.,•, col Isay
b• rJha- '1• n-O«id+nt f••4 1,.•I1n, I
1 . rT7111'N A.,,Itr t 1.11. I;t!i. r:d v; I. r: ;.u,„ll$ 1..r• .411,0 u; 4-,-,444^S,i1.7• a I..-•? f•r 1 ' II',. 1 ., t 1 • I . , '
J ••1.94, File oil ., r' I I
r '.r' 1.s•, ,.?: ". a,,e,aeS.
VA 4:04'4 +'• 40!14, of st1, 00, r7t-v t , -'t ! r v r.1-.114, ,.t.. , t',p 11..Sr-s u'.!. . h• ,. il,I'•: • • r C,1 / t1,. tlp,ll-k - t I . I 11.,.4..,4 t?
Ord, 3804--84 11/15/8+
4 , ,,r f. •... .5!!4'1. • , \ ..
I M4
r
on /,j: L oLr?r I?.. + 1'JE34.
1•d by 13?lyi?? r
`7 TE',R l 'OR I W,
t
t
;, ].:?-r.: d r3_s to a,-rn r arr. c'-.,) =s .
,r C11 cprricy
r
4i -1 -
??. 11/15/84
arici .1 B04.-' 84
t..r ,?, r. - a= .??: r. .r?..,. ..; .?!'•-r-? _ _ `t .???r?c?''.?'.7.rCry'•i.i; L:.
'10 !WAI. %;'r•1t't'1; f ',1',St:P isf:']1;I:r.ti
I'AVl m txllrl't,NY, INC., lll:f.l.l:f<, Arm
6
IA ,Y Efts 1:1.f?IftI;ATKEI,_wlel,tlftiPA Itt UR
purchnnu prior obal I be ilerlirvel by Lo,.lrs
I' f 1. ftnnrln. $640,000-00 of OIL
ftcKn "I" City of Clearu,lter. Snid 'bond8 vhill I h(t,it' izttr?rt?111; rtt 7.5? nntl rth,rll l.u
rfaulr+r[n,tt,f:d In (.lift nmoutic, nF $5,000 rrf(:h, w1th oar_h not:rt It,kOvp, )/lA r,f Lbn
pi ..1p+t1 (lilt! 11111ur111y, Ileginnitlt; one yraar nfl.er clonfog xr>,1 001 1111.1; r1ut- +:il>g
I,,tirl riflnrLftr2y on I,Ite: etrtp3,id r:?tlrinse. TI,e bnlbltt tzhnll be Sllnuetl to trt.ar_kltnlrl.,tr;
Nl of t.hrt yeller littminnt: Ln it rortrortttr 111.1 it of I111111(111tlUlt ethyl 1111aII Ue nott•
I111;ctt:lnlile Lxccpt 0)at: the pvriiomil rr,l,rtrnn,tr:nr,ivccl or rxerutrfra of the payee
Cary a!.f1 f I,n tjllme r,o I.lte J'ayee's 11{?! rtt .
2. ASIc"Ittdill,'o :Ind CIt!!![u}; I7.}r;_'s. Clrt-:ltll; r;lf,tlI Ial;r. pl,trr, no later
than 30 daya?nfter tillltrovul of the coat racr. by the Clr:arval;ur City Cr:t.tutanJnn,
rsnd eltall t.rrke pltie e :IL Hit! of Eicr of r.hc CJry At.t.ortwy, Cll±:ltwar.or Cit.y Hal..l,
1]2 Osr.nol:( ,+L('.Iltl[!, elenrwtit:er, VlurJda.' Accept.rtnce by boLli part.les Anil tie by
l 0c-r 15, 19$11.
f ' rJ
3. r_7t-Iort-of a,rnprrr,y-by.tllcr. Tho buyr:r r.;reos to provide nelIn r a
t:wa--yr.•ar period frc+nl r:losiztg to cc,.pl.irely vucat.e the property. During this
prsriod rbe tjt--ller will b scaling down operations on the property and the buyer
will be I;tvrn use of all vartitt-A bind and buildings. Tha buyer will be IteC--
mit,tad t.o bring art:{tit,-.•ta :tile I'!.il,nir?; I_rso;tn.I on the ,,reper(;y ftir the put'-
, X10'311 Of 1l1ftfl1!118 CGI131.rur.r:ian, a4l CON53i.ru,:,t,inn r_ay be ni-art,-d int the land
:,cn t cd by I;iin :eel .1e r.
4. St-mirl'trdo for Rr_r;l Fsr.ntr:_Trartl;a_r,t.lons. The st.at;dards pr1nt,1 on
Cllr reversrt stria of t.tte Florida Bar and Florida Art:ut'clattoil of Realtors forte
srtnl7. :t,t,ly t.a tires t.rr<ttt; rtr-
J.1un, c>:r_ettt that it is ?,ngreW Lha t the btlywr :rhall.
on Ole Irnpt:rty, with 1,i:t.arzteys' Tirlr. Itt,(uan?`e
pitY fur I.hr: r..i1 111 1 III-lilt
Flint] lire:I}; tfNc•d to furnish :fir:( at 73 r_ l;.l?er,iLivf± east to klle bttyr_r.
5. Murual uryrrn tty I to Broker'. Rol,h buyer and seller represent rtlid
warrant Lo e..:,ch ur_ht:r Oat t.bey have not dealt: with any brol'.ters on this transsc-
Lion, our do they have Any ,,Lrerr,rrres WitAt any broker in caitllecl.jon with the
r.rausat:Llon. Roth the buyer rind sell.r'r Curie Lo bold the other lvirty h:lr.aless
ill :lr'? ,ghat r•11u'r_ Iir:i(t4:t an". 4C ltnv^ U: ::o't?'_'^.'1]t3 by +.itllt+r early
With any broker that soever in t.1,.+ evetlr, Olaf; dealings or tigreelnenl:s by c il.he;C
party rzusou the orher luirty Lo I,!ctxne liable for any brokerage ccuanieston.
Signed, sealed and delivered Seller:
in the presence of:
CAMPBELL C0Hp'kNy' 114C.
ATTEST:
Secretary
(Corporate Seal)
Bu?rr:
CITY OF CLEAR-WATER, FLORIDA
X Lyor,Commissloner
%
Areproved as to form and correct.nt-ss:
efty 'Ai, to may
Ord.. 3804-84
By CI i.y ?Tlansger
ATTEST:
city
11/15/84
01
r
ty
i
> a
lit
0
14F MNITRACT lt1:11?tit:N c.A141+11ELL ANN) CI V OF CLEATMA', Mt
E-MITBI A -- LECAL DESCRIPTION
Cons;l!rtCrs ril: t1w Sout-.Iwent roruer of Lhe Southri:rat 1/4 Uf Section 1, Towrt:rla,lp
29 South, 15 I'ITInUrss County, Florida; and run Pant 50.0 fert for
0,11 paint o 1a..?;wrirai.u,; the:race rwl Ifoxi:11 495.0 f r!r t; 01,mcc rm;t ?15.0 frent;
?,t!tiCC: 5out.il Own+`.e: }:.rat y t),U x:lr'rt; ftr-i3l'+: ,f?f,Sl:i+r..:,r;.•t'ty 55.0
S?J r_fi; thr.nefl V%i%r 705.0 flrct to th:• j:r+'at of and te:!=ra t:l.et lsrrrt
;+ithlu roilread :;;rur 0_01t--nf WAY 811d Ole! N-r rth 100 fl!LA: of the tia:AC 125 fk!ut.
.QM.
51x_ Scaut-h 195.0 frut of the 5our1xt-"?t 714 of the Sntrtherv;t 114 of Se--ction 1,
:'1?'.r:rrchip 79 I;,th, r41rq',a 15 F:s.tt, i'ttknll!tH C'a,.tnt:y, 111+ar.l-%; 1}S,r,4i Y'-Ht of
r'?tE'iata',•e lire at 1.11e , Narthucst cm',w-_r of the Northur:st 1.14 of the lroi tl,on ,t 1/4
of-Suction 12, .rgwnnb1p 29 South, R=nge 15 Emit, Pinellas County, Flocida, n:td
r-m tzst 50.0 fret for t be. point of bi!1;1 lying; thence run E..st to a ;hint lyj ng
8.0. fever rent of the Eant night--of--w-ey Line of railroad spar; tl once: i-ura
..01SCh-aesterty 8.0 feet Yzat of and , wallal to :utid Emit rirht-of-way 1.1ne of
ri: il.rord a ur to the Nart:h riy-bt-of-imy lNe of Snal+uard Syrato!m F'.rtilroA;
the w-e ruts lharthwesCerly along t;.iid ttoa:th ritim-of-Vay line of arak+,?a:rd 5}st+;n
RnilroYd t'o the Fist right-of--:ay line of Hcrr_uxrx Avt:-nue; Lbenic_e. 'Llia Narth
rt?nu.g :'lid F.st ri ltt_-nf-?;ny of 14oroules L.veni.ie to t1rr: point of begSranit- .
Subject to ? 10,tse with..Lhe'SetMboard Coa:;t Tine Railroad Coripany dated June 11, 1973, ,
.._,
copy of which is. beinf, Turni:;lted. .......
As to the property in See. 1 being the south 30 feet of the north 195 feet of the
SW of the SE, Lhe same is subject to a lease dated Jan. 27, 1984, with Robert R. D' .trrlrea
which at Paragraphs 37 and 38 provides'foN a joint use, and also. is subject to a rt.;;ht
to +.lse a :strip 30 feet wide lying south of the said 195 feet for road purposes, wt-11 a
copy of"said lertse being furnished.
Said property is the same property appraLied by the City and does not ialclude a
portion of t1,e property tau 0orcul es Avenue which is 100 ft. X 225 It. note the pr' ?.erty
to the -rear Taased t_o RobL-rt R. D-Andrea. Me property hein8 purrh;?s.7d contains 9.4
iirres, more De lass.
f
• .r
r
? I
Ord. 3804-84
1.1/1.5/84
1
' r
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I
EXHIBIT B
NEGOTIATED SALE DISCLOSURE STATEMENT
J. Fred Campbell, Jr,, F. B. Crews, and W. M. Campbell, (the
"Purchasers"), the purchasers of $640,000 Capital Improvement Revenue
F Bonds, Series 1984, (the "Bonds") of the City of Clearwater, Florida (the
"Issuer") pursuant to Section 218.385, Florida Statutes, hereby states as
follows:
1. The estimated expenses and the amounts thereof to be incurred
L by the Purchasers in connection with the purchase of the Bonds are as
follows: ,
' Nature of Expense Amount
Purchas?r's counsel fee
$3,000.00
i •
2. To the knowledge of the Purchasers, no person has entered
into an understanding with either the Issuer or the Purchasers, or both,
for any paid or promised compensation or valuable consideration, directly
or indirectly, express or implied, to act solely as an intermediary between
the Issuer and?the Purchaser or to exercise or attempt to exercise any in-
fluence to effect any transaction in the purchase of the Bonds.
3. No underwriting spread or management fee Mill be realized or
charged.
4. No fee, bonus or other compensation will be paid by the
Purchasers in connection with the bond issue to any person not regularly
employed or retained by the Purchasers, except as listed in Paragraph l
above.
- -IN WI T•NESS-WHEREOF,--the Purchasers-have executed-this-statement--
as of the 15th day of November, 1984.
Ord, 3804-84
'L
W. M. Camp 1
rl
11/3.5/84
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