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Y
ORDINANCE: NO. 3984--85
r
AN ORDINANCE AUTHORIZING THE ISSUANCE OF A NOTE
NOT EXCEEDING $25,000 TO BE KNOWN AS THE "SHOWER
AND LOCKER FACILITIES NO'T'E OF THE CITY OF
CLEARWATER, FLORIDA", FOR THE PURPOSE OF ASSISTING
THE CLEARWATER AQUATIC BOOS'T'ERS IN BUILDING
SHOWER AND LOCKER FACILITIES AT BOBBY WALKER
MEMORIAL POOL; AGREEING TO PAY SUCH NOTE FROM
REVENUES DERIVED FROM SWIMMING CHARGES F.ND/OR
RECREATION RENTALS; PROVIDING FOR THE SEVERABILITY
OF THE PROVISIONS HEREOF; PROVIDING FOR PROPER
NOTICE OF PROPOSED ENACTMENT; AND PROVIDING FOR
THE EFFECTIVE DATE OF THIS ORDINANCE. l
BE IT'ENACTED BY THE CITY COMMISSION OF THE CITY
OF CLEARWATER, FLORIDA:
ARTICLE I
AUTIIORI-".r', DEFINITIONS AND FINDINGS
Section 1.01 AUTHORITY FOR ORDINANCE. This ordinance is
adopted pursuant to theprovisions of Section 41.11 of the Code
of Ordinances of the City of Clearwater, Chapter 166, Part II,
Florida Statutes, and other applicable provisions of law. ;yy^g?f
Section 1.02 DEFINITIONS. The following terms shall have the
following meanings herein, unless the text otherwise expressly
requires:
A. "Issuer" shall mean the City of Clearwater, Florida.
B. "Obligation" shall mean the note herein authorized to be
issued for the purpose of assisting the Clearwater Aquatic Booster
s
in building shower and locker facilities at Bobby Walker Memorial
Pool. .?
C. "Holder of Obligation" shall mean the School Board of
' Pinellas County, Florida.
D. "Project" shall mean the building of shower and locker airy §;
facilities at Bobby Walker Memorial Pool.
+
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' Section 1.03 FINDINGS, it is hereby ascertained, determined
and declared that:
A. The Issuer now operates a park and recreation department ?.E
"
in the City of Clearwater, Florida, and provides parks and recrea- ,..
tion services to the residents of Clearwater.
B. It is desired to assist the Clearwater Aquatic Boosters in
building shower and locker facilities at Bobby Walker Memorial Pool
,.? with the approval of the School Hoard of Pinellas County, Florida,
;z•:',': which shall be for the public health, safety and welfare of'the
•
inhabitants of the Issuer. FOR AFFIDAVIT SEE: ,r ?a
#?
ORD. #3984-85 -1- ORD
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C. The principal of the Obligation shall be payable solely
from revenue derived from swimming charges and/or recreation
rentals. The Issuer shall never be required to levy ad valorem
taxes.on any property therein to pay the principal of the obligation
and such obligation shall not constitute a lien upon any property
of or in the Issuer.
ARTICLE II
AUTHORIZATION, TERMS, EXECUTION
"PO
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Section 2.01 AUTHORIZATION OF ACQUISITION OF PROPERTY. There
is hereby authorized assistance to the Clearwater Aquatic Boosters
and the Pinellas County School Board in building d1ower and locker
facilities at Bobby Walker Memorial Pool, which, shall be used by
the school system and which will be available for use from time to
'time by members of the public and for City'-sponsored events, The
;participation by the City of Clearwater in the prdfjeclt shall be in
the principal sum of Twenty-five Thousand Dollars,($25,000,00),
which.shall be advanced by the Pinellas County School Board and
which will be repaid by the city from swimming chirges and/or
recreational rents, over a period of five (5) ybats at Five Thousand
Dollars ($5,000.00) per year, interest free, payable on January 31
of each year with the final payment due on January 31, 1990.
Section 2.02 AUTHORIZATION OF OBLIGATION.`.,Subject and pursuant
to the provisions hereof, an Obligation of the Issuer to be known
as the'."Shower and Locker Facilities Note of the City of Clearwater,
Florida", herein referred to as "Obligation", is authorized to be
Issued . in the aggregate principal amount of not exceeding Twenty-
i E '
;five Thousand Dollars ($25,000.00).
Section 2.03 DESCRIPTION OF OBLIGATION. The Obligation shall
be dated June , 1985, shall consist of a note of the Issuer
payable'in annual principal payments of Five Thousand Dollars
($5,000.00), due January 31 of each year beginning 1986 and
ending 1990.
Such Obligation shall be issued on a note form as provided
herein; shall be payable to bearer with respect to principal as
provided herein and in lawful money of the United States of America.
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Section 2.04 EXECUTION OF OBLIGATION. The obligation shall
be executed in the name of the Issuer by its City Manager; counter-
signed by its Mayor-Commissioner and its corporate seal or facsimile
4 ? thereof shall be affixed thereto or reproduced theroon and attested
by its City Clerk. The Obligation shall be approved as to form and
correctness by its City Attorney. In case any officer whose signature
shall appear on any obligation shall cease to be such officer before
the delivery of such Obligation, such signature shall nevertheless
be valid and sufficient. for all purposes the same ins if such officer
had remained in office until such delivery.
Section 2.05 PROVISION FOR REDEMPTION. The obligation may be
made redeemable prior to its respective date of maturity, at the
option of the Issuer.
Section 2.06 FORM OF OBLIGATION. The Obligation shall be in
substantially the following form, with such omissions, insertions and
variations as may be necessary and desirable and which are herein
authorized or permitted prior to the issuance of the obligation:
CITY OF CLEARWATER
NOTE
KNOW ALL MEN BY THESE PRESENTS that the CITY OF CLEARWATER,
FLORIDA, (hereinafter called "City"), for value received, hereby
promises to pay to THE SCHOOL BOARD OF PINELLAS COUNTY, FLORIDA,
the Holder of this Note, from revenue derived from swimming charges
and/or recreation rentals, the principal sum of Twenty-five Thousand
Dollars ($25,000.00). Principal on this Note shall be due and
payable in lawful money of the United States of America at
:This Note is a single authorized obligation in the amount of
$25,000.00 issued to finance the cost of assistance to the Clearwater
Aquatic Boosters in building shower and locker facilities at,Bobby
Walker. Memorial Pool tinder the authority of and in full compliance
with the Constitution and Statutes of the State of Florida, including
Section 41.11 of the Code of Ordinances of the City of Clearwater,
Florida, Chapter 166, Part II, Florida Statutes, and other applicable
provisions of law and an ordinance duly enacted by the City Commission
J
of the City of Clearwater on the day'of , 1985,
and is subject to all the terms and conditions of such ordinance.
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• 'F t e?
This Note may be redeemed at any time prior to maturity, at
' the option of the Issuer. x.
This Note does not constitute an indebtedness of the City
within the meaning of any constitutional or statutory provision
' of limitation of indebtedness and it is expressly `greed by the
'u Holder of this Note that such Holder shall never have the right to require or compel the exercise of the ad valorem taxing power #
4?sr;? ia: ,' of the City for the payment of the principal on this Note. +yN? •: ` ???'?
It is further agreed between the City and the Holder of this ?.
Note that this Note and the Obligation it establishes shall not
v U
constitute a lien upon the Project, or any part thereof, or on .r ...
an other
any property of or in the City, but shall be payable from
revenue derived from swimming charges and/or recreation rentals
h3 Y,lY [r?+ 4
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in the manner provided in the Ordinance.
The agreement to pay from revenue derived from swimming charges
.a and/or recreation rentals described by the City under the Ordinance
may be discharged at or prior to the maturity or redemption of the
Note upon the making of provision for payment thereof on the terms
g and conditions set forth in the Ordinance, flS ` :`_
All acts, conditions and things required to exist, to happen
. r r
and to be performed precedent to and in the issuance of this Note,
exist, have happened and have been performed in regular and duep
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form and time as required by the laws and Constitution of the pY
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State of Florida applicable thereto, and the issuance of this Note
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does not violate any constitutional, statutory or ordinance. Y,
limitation or provision, -?
IN WITNESS WHEREOF, the C^ty of Clearwater, Florida, has issued'
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this Note and has caused the same to be-signed by its City Manager, k
countersigned by its Mayor-Commissioner, and the corporate seal to
be affixed and attested by its City Clerk, all as of the
day of , 1985. t
Y F < i I ?? t
CITY OF' CLEARWATER, FLORIDA Y#?
Countersigned: By
City Manager
Mayor-Commissioner. Attest:
i - '
F.. Approved as to form
and correctness: City Clerk
City Attorney
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ARTICLE III
SOURCE OF PAYMENT OF OBLIGATION
?= Section 3.01 SOURCE OF PAYMENT. The obligation herein authorized
shall not be or constitute an indebtedness of the Issuer within the
meaning of any constitutional or statutory limitation of indebted-
ness, but shall be payable solely from revenue derived from
swimming charges and/or recreation rentals; provided that such
agreement shall not constitute a lien on or a pledge of such
funds. No Holder of the obligation shall ever have the right to
compel the exercise of the ad valorem taxing power of the Issuer
or taxation in any form on real property for payment thereof,
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but the obligation shall be payable only from the revenue derived
from swimming charges and/or recreation rentals.
Section 3.02 COVENANT TO GENERATE REVENUES. The City agrees
to take such lawful action as may be available to it from time to
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time as will always provide revenues sufficient to pay out of such
funds as each installment becomes due, the principal of this Note.
ARTICLE IV
MISCELLANEOUS PROVISIONS
•
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Section 4.41 CANCELLATION, If, at any time, the Issuer shall
have paid, or shall have made provision for payment of the principal
with respect to the Obligation, then, and in that event, the agree-
ment to pay from revenue derived from swimming charges and/or
recreation rentals in favor of the Holder of the obligation shall
be no longer in effect. For purposes of the preceding sentence,
a tender of the full amount of principal then due on the Obligation
or a separate deposit of the principal payment in a separate account
shall be considered "provision of payment."
Section 4.02 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, or shall for any reason whatsoever be held
invalid, then such covenants, agreements or provisions shall be
null and void and shall be deemed separable from the remaining
-5-
ORD. ?? 3984 6/20/85
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covenants, agreements or provisions and shall in no way affect
the validity of any of the other provisions hereof or of the
obligation issued hereunder.
Section 4.03 REPEALING CLAUSE. All ordinances or parts '
thereof of the Issuer in conflict with the provisions herein
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contained are, to the extent of such conflict, hereby superseded
and repealed.
Section 4.04 EFFECTIVE DATE.' This ordinance shall become
effective immediately upon its adoption.
' Section 4.05 EXECUTION OF NOTE. Prior to the execution of
the Note provided herein, the City Manager is authorized to make
a
any insertion in this Ordinance necessitated bx the execution of
the Note. '
Section 4.06 ADVERTISEMENT. Notice of the proposed enactment
of this ordinance has been properly advertised in 'a ''newspaper ofd;.
general circulation in accordance with Section 166.041, Florida
I?
Statutes. '
PASSED ON FIRST READING June 6. .985 PASSED ON SECOND AND FINAL
READING AND ADOPTED June 20; 1955
JAN1 I. ? R
(/t_j., Mayor-Comrmissione '
Attest;
-City IClerk
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