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? o
ORDINANCE NO. 4443 -87
AN ORDINANCE APPROVING A BOND RESOLUTION OF THE
COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF
CLEARWATER WHICH AUTHORIZES THE ISSUANCE OF
BONDS TO FINANCE CERTAIN REDEVELOPMENT PROJECTS;
PROVIDING AN EFFECTIVE DATE.
WHEREAS, the Community Redevelopment Agency of the City of Clearwater
(the "Agency") proposes to improve a portion of the City's Redevelopment Area by
acquisition of certain lands therein for resale for private development= and
WHEREAS, In order to finance the cost of such project, the Agency has
adopted a resolution authorizing the issuance of not exceeding $1,185,000 Tax Increment
Revenue Bonds, Series 1987 (the "Bond Resolution"); NOW THEREFORE,
BE IT ENACTED BY THE CITY COMMISSION OF THE CITY OF
CLEARWATER, FLORIDA, AS FOLLOWS:
Section 1. AUTHORITY FOR THIS ORDINANCE. This Ordinance is enacted
pursuant to Chapter 166, Part 11, and Chapter 163, Part III, Florida Statutes, and other
applicable provisions of law.
Section 2. APPROVAL OF BOND RESOLUTION. Pursuant to the
requirements of law, the City hereby approves the adoption of the Bond Resolution by the
Community )tedevelopment Agency of the City of Clearwater and the issuance of not
exceeding $1,185,000 Tax Increment Revenue Bands, Series 1987, pursuant thereto, in
accordance with and for the purposes set forth in the Bond Resolution.
Section 3. EFFECTIVE DATE. This Ordinance shall become effective
immediately upon its enactment.
PASSED ON FIRST READING July 2, 1987
PASSED ON SECOND AND FINAL READING AND ENACTED July 16, 1987
2
Vici? ayor-Commission r
(SEAL)
I
ATTEST:
90C-'t e?r k
LKL-02/20/87-107AA-2581
Ord. 4443-87
„
July 16, 1987