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.7 ORDINANCE NO. 3757-84
A14 0 ' AN ORDINANCE AUTHORIZING THE ISSUANCE OF NOT `
EXCEEDING $11,120,000.00 GENERAL OBLIGATION
?i BONDS OF THE CITY OF CLEARWATER, FLORIDA, TO
` FINANCE THE COST OF MUNICIPAL PROJECTS IN
THE CITY; PROVIDING FOR THE CALLING A BOND
ELECTION OF THE QUALIFIED ELECTORS RESIDING
IN THE CITY TO BE HELD ON DECEMBER 4, 1984,
?5 Y $ ON THE QUESTION OF THE ISSUANCE OF SUCH
GENERAL OBLIGATION BONDS; AND PROVIDING AN
{,??•=?. e?>~n ? EFFECTIVE DATE, AND PROVIDING FOR PROPER
NOTICE OF PROPOSED ENACTMENT. '
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BE IT ORDAINED BY THE CITY COMMISSION OF THE
CITY OF CLEARWATER, FLORIDA: 1,•::b
Section 1. Authority of this Ordinance. This Ordinance isX ?.
= y adopted pursuant to Ordinance No. 1830 of the City of Clearwater;
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Chapter 166, Part II, Florida Statutes; Sections 100.201, et seq.,
Florida Statutes; and other applicable provisions of law.
Section 2. Authorization of Bonds. Subject and pursuant to :Z k
the provisions hereof, General Obligation Bonds dated may 1,
1985 (herein called "Bonds") of the City of Clearwater, Florida
(herein called "City"), are authorized to be issued in denominations
of $5,000.00 or multiples thereof, in the aggregate principal amount
of not exceeding Eleven Million One Hundred Twenty Thousand Dollars
($11,120,000.00) to finance the projects of the City as described
in paragraphs numbered (1) and (2) in Section 3 hereof. The moneys
received and interest earned from the issuance of such General
Obligation Bonds will be used for such purposes. Such General
Obligation Bonds shall be secured by the full faith and credit and
the taxing power of the City. None of such bonds shall be issued
fora longer term than thirty (30) years from their date and
issuance, and such bonds shall bear interest at a rate not exceeding
14%; the actual rate shall be determined upon sale of the bonds.
Both Principal of, interest on the bonds, and redemption premiums,
if any, shall be payable at the office of the Fin- -a:Uirec+_or car at,the
office of such other paying agent as may be designated by this
Commission. The bonds shall mature in such amounts and on such
dates as provided on Schedules A and B, attached to this Ordinance,
provided, however, that such amounts in any such year may be revised,
if required by market conditions at the time of sale of the bonds,
Ord. 37STr84 : 10-4-•84
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i??• '?•4 .,?'A^1 P.y i? £•.•^?': ?''!!{ ?'Irt;?-'r "t?:.;r'.,?w?rt?i+'?'3'i
h ? fss?" tP; a 7y;« f4i c. •' t.Yr.
•le :+,y? ; ??w?L??"a al;aiS. ?.;`_kI?NF.•r?6,•`e 's y,?`?', tt;.r?i. u7?i'. ?iF?ir,s :.,:
t' `0k ? f''"rte ,<,^•r; °•ir''f: S}?.?z?;.i:ar?% ::3 >,j?:l. •,?:•' ?'_^`,'2K.
so long as all bonds mature no later than thirty (30) years after
rr the date of issuance thereof.
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The Bonds shall be issued pursuant to authority granted under
this ordinance and authority granted by Resolution No. 84-77 of
rt{ '?
like effect adopted by the City Commission on even date herewith.
Section 3. Bond Election. A bond election of the qualified
' electors residing in the City is hereby called to be held on
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.wY? x December 4, 1984, to determine whether or not the issuance of such
General obligation Bonds in an aggregate amount of not exceeding
Eleven Million one hundred Twenty Thousand Dollars ($11,120,000.00)
?xrJ shall be approved by such qualified electors to finance the cost
L of the following municipal purposes within the City:
C 1
f' (1) $3,860,000 to provide for acquisition of land, to
expand and improve existing Bayfront parks and recreation facilities
and for the beautification of the existing Bayfront through the
creation of a greenbelt and a public waterfront promenade, and to
beautify the Causeway medians, in the area bounded generally by
Drew Street, Osceola Avenue, Pierce Street, and Clearwater Harbor.
(2) $7,260,000 to provide for the acquisition of land
North and South of existing Bayfront park to expand the Bayfront
park system for active and passive parks and recreation, including
concession, support and leisure activity facilities on such land,
in the area between Jones Street, Osceola Avenue, Drew Street and
Clearwater Harbor, and in the area West and South of the intersection
of Pierce Street and Pierce Boulevard.
All of such purposes described above shall also include other
purposes appurtenant or incidental thereto.
All qualified electors residing in the City shall be entitled
and permitted to vote in such bond election. The places of voting
and the inspectors and clerks.for the bond election shall be designated
as provided by the Code of Ordinances, City of Clearwater, and by
applicable State Law. The polls will be open at the voting places
from seven (7) o'clock A.M. until seven (7) o'clock P.M. on the
same day.
section 4. official Ballot. Electronic voting system shall
be used at such bond election and the form of ballots to be used
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shall be in substantially the following form:
Ord. 3757-84
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1.0/4/84
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E" OFFICIAL BALLOT
' CITY OF CLEARWATER, FLORIDA
lk?? BOND ELECTION - DECEMBER 4, 1984
}
Proposition No. 1 - Bayfront Park Renewal
31
Shall the City of Clearwater, Florida, issue not
rf. exceeding $3,860,000.00 principal amount of
F ? E-t
General Obligation Bonds of the City bearing
interest not in excess of 14% per year (the actual
., rate of interest to be determined at the time
" of the sale of the bonds), maturing as provided
in Ordinance No. 375784 and in Resolution No.
84-77, but in any event not later than thirty
(30) years from,•the date of issuance thereof,
secured by the full faith and credit and the
taxing powers of the City, for the purpose of
' rehabilitating Coachman Park, the Bayfront tennis
complex, and medians on Memorial Causeway, create
a waterfront promenade, and acquire land to complete
the greenbelt link, as more specifically described
.and provided in Ordinance No. 3757-84 and in
Resolution No. 84--77 of the City.
Proposition No. 2 -- Bayfront_Park Expansion
Shall the City of Clearwater, Florida, issue not
exceeding $7,260,000.00 principal amount of General
Obligation Bonds of the City bearing interest not
in excess of 14% per year (the actual rate of interest
to be determined at the time of the sale of the
bonds), maturing as provided in Ordinance No. 3757-84
and in Resolution No. 84-77, but in any event not
later than thirty (30) years from the date of issuance
thereof, secured by the full faith and credit and
the taxing powers of the City, for the purpose of
financing land acquisition to expand Bayfront park
system for active and passive parks and recreation,
as more specifically described in and provided in
Ordinance No. 3757.84 and in Resolution No. 84-77
of the City.
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- e?'L?._?.1#; '?:ii.F:r.. i..4:^4. a.i?s?.:.?. ?; ,?.. ,;1 '.t; ..:• 4?x .'r?,'#,`f5. ,. ..w. .. 'r.-- -. .. .: f.'?.='..[' s['; ti?; f?!',t'.Y ?:S'`??.',•:._ .15:3:; ._ a. 1::':•.:'..i1'tc,.?,!:
..,:. µ The ballots and electronic voting system shall be so arranged
that the voter may vote "FOR BONDS" or "AGAINST BONDS" with respect
to each proposition.
Section 5. Absentee Voting. Punch card ballots shall be used
at such election for absentee voting. The form of ballot to be
used in the election for absentee voters shall be in substantially
the form provided in Section 4 above.
Section 6. Printing of Ballots.. The City Clerk of the City
is authorized and directed to have printed punchboard ballots in
a sufficient number of the aforesaid ballots for use of absentee
electors entitled to cast such ballots in such bond election,
and shall also have printed sample ballots and deliver them to
the Inspectors and Clerks on or before the date and time for the
opening of the polls for such bond election for the voting places
at which the electronic voting system is to be used; and further
is authorized and directed to have printed punchboard ballots
and delivered in accordance with law the official ballots or use
in such electronic voting system and to make all appropriate
arrangements for the conducting of such bond election.
Section 7. Election Procedure. The bond election shall be
held and conducted in the manner prescribed by law for holding
general elections. The Election Board at each polling place shall
conduct the vote and deliver the ballots in sealed containers.
Their report shall show the number of qualified electors who voted
at such bond election. The ballots shall be processed by electronic
tabulation equipment and the cumulative report shall, within
twenty-four (24) hours after the close of the polls, be canvassed
by the City Commission of the City, which shall declare and
certify the results of such bond election.
Section 8. Election Results. If a majority of the votes
cast at such election in respect to any proposition or group of
such General Obligation Bonds shall be "For Bonds", such proposition
or group of bonds shall.be approved; and then the particular bonds,
the issuance of which shall be thereby approved, shall be issued
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Ord. 3757-84 10/4/84
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of,
as shall be provided by the City. The rejection at such election
of any proposition or group of General Obligation Bonds proposed by
this ordinance to be issued shall not prevent the approval of the
other propositions or groups of bonds proposed by this ordinance
to be issued; and any one of such propositions or groups of bonds
which may be so approved shall be issued as shall be provided by
the City. Any ordinance or resolution authorizing the issuance
of any general obligation bonds approved by the election called
by this ordinance and the general obligation bonds so issued shall,
in addition to any other covenants, contain the following covenants:
(1) No land purchased with any part of the proceeds
derived from the issuance of general obligation
bonds may be utilized for other than park and
park related purposes to include concessions and
support systems, and minor utility service
facilities.
(2) No land acquired with the proceeds derived from
the issuance of general obligation bonds may be
resold.
(3) No general obligation bond proceeds may be utilized
to construct office buildings, condominiums, motels,
hotels, convention center, auditorium, marina or
restaurant.
(4) $100,000 of the proceeds from this bond issue shall be
the maximum dollars available for the beautification of
the causeway medians.
Section 9. Notice of Bond Election. This Ordinance shall be
published in full at least one time by the City Clerk as part of
the notice of such bond election, which notice shall be headed
"Notice of Bond issue for Public Improvement". Notice of the
bond election shall be published in a daily newspaper in general
circulation'in the City as a legal ad of the paper and under head-
lines of 7 point type. The notice shall be published at least twice
.in such paper, once in the fifth week and once in the third week
prior to the week in which the bond election is to be held, the
first publication to be not less than thirty (30) days before the
date of such bond election.
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Ord..3757-84 -5- 10/4/84
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Section 10. Sevex;ability. in the event that any word, clause,
phrase, or sentence or paragraph hereof shall be held invalid by
any court of competent jurisdiction, such holding shall not affect
any other word, clause, phrase, sentence or paragraph hereof.
Section 11. Repealing Clause. All Ordinances or other actions
taken by this Commission in conflict or inconsistent-herewith
hereby are repealed, insofar as there is conflict or inconsistency.
Section 12. Effective Date. This Ordinance shall take effect
immediately upon its passage.
Section 13. 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.
PASSED ON FIRST READING September 20, 1984
PASSED ON SECOND AND FINAL
READING.AND ADOPTED
AS 'AMENDED October 4_, 1984
Attest:
City, Clerk
--6-
10/4/84
I,
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NOTICE OF BOND ISSUE FOR PUBLIC IMPROVEMENT
CITY OF CLEARWATER, FLORIDA
MUNICIPAL BOND ELECTION
To be Held on Tuesday, December 4, 1984,
As Provided by Ordinance No. 3757-84 and
by Resolution No. 84-77 of the City of
Clearwater.
Notice is hereby given that a municipal bond election will be
held in the City of Clearwater;. Florida, on Tuesday, December 4, 1984,
to determine whether the issuance of General Obligation Bonds of
the City for all or any of the two several projects in respective
amounts not exceeding $3,860,000.00 for land acquisition to expand
existing Bayfront parks and recreation facilities and beautification;
and $7,260,000.00 for land acquisition North and South of existing
facilities for active and passive parks and recreation facilities,
as more specifically described and provided in Ordinance No. 3757-84
and in Resolution No. 84-77 of the City of Clearwater. Florida,
calling the bond election, shall at that time be approved severally
by.a majority of the votes cast in the bond election by the qualified
electors in the City of Clearwater. The bonds shall be dated
May 1, 1985.
As.required by Ordinance No. 3757--84 and by Resolution No.
84-77, this notice is given by publishing the foregoing Ordinance
No. 3757-84 in full as follows:
Orel. 3757-84
In/11/84
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SCHEDULE A
Maturity Schedule for Proposition No. I
$3,860,000 Principal Amount of General Obligation Bonds for
Acquisition of land for expansion of Bayfront park system and
to:beautify the system and the Causeway:
,May 1, 1985 ..
- $ :30-, 000
.
1986 30,000
1987 30,000
1988 35,000
1989. 35,000
1990 40,000
1991 45,000
.1992 45,000
.1993 50,000
.1994 55,000
.1995 60,000
..1396 65,000
1997 70,000
1998. 80,000 " -
1999 85,000
:2000. ' 95' 000
"2001. 105,000
;
2002 115,000
2003 130, 000
2004 140,000 :.
-2005' 155,000
2006• 170,000.
'"2007.:
: 190,000
. .
2008 210,000
2009 230,000
2010 255,000
.'.2011 280,000
2012,' 310,000
`2013; .340,000
.-'2014' 380,000
$3,860,000
/.84.
10/4
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SCHEDULE B
Maturity Schedule for Pro Osition No. 2
$7,260,000 Principal Amount of General Obligation Bonds for
Acquisition of land to expand Bayfront park system for active
and passive parks and recreation%
May 1, 1985 $ 50,000
1986 55,000
1987 60,000
1988 .65,000
1989 70,000
1990 75,000
1991 80,000
1992 85,000
1993 95,000
1994 105,000
.1995 110,000
1996 125,000
.1997 135,000
1998 ". 145,000
1999. 165,000
2000 180,000
2001 195,000
2002 220,000
.2003 240,000
2004 265,000
2005. 290,000'
2006., 320,000
`. " 2007' 355,000
2008 390,000
2009 435,000
'201,0. ' 480,000
:,2011 530,000
2012 '585,000
20.13 645,000
2014 710;000
.$7,260,000