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ORDINANCE NO, 2090
AN ORDINANCE AUTHORIZING THE ISSUANCE OF A
NOTE IN THE TOTAL AMOUNT OF $25,560. 00, IN- : ...' .
CLUDING INTEREST, TO BE KNOWN AS THE '
"TRACTOR WITH ATTACHMENTS NOTE, SERIES
1980, OF THE CITY OF CLEARWATER, FLORIDA;
AGREEING TO PAY SUCH NOTE FROM LEGALLY
AVAILABLE NON-AD VALOREM GENERAL FUND
REVENUE; PROVIDING FOR THE SEVERABILITY
OF THE PROVISIONS HEREOF; PROVIDING FOR
PROPER NOTICE OF PROPOSED ENACTMENT AND
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PROVIDING FOR THE EFFECTIVE DATE OF THIS
ORDINANCE. r Y t?.wlt! tirjy?_9? ?'
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BE IT ENACTED BY THE CITY COMMISSION OF THE CITY ,???``R •.' .e? '
OF CLEARWATER, FLORIDA:
ARTICLE I
AUTHORITY, DEFINITIONS AND FINDINGS
Section 1.01 AUTHORITY FOR ORDINANCE. This ordinance is
adopted pursuant to the provisions of Section 2-81 of the Code of Ordinances
of the City of Clearwater, Florida, 1962, Chapter 166, Part II, Florida
Statutes, and other applicable provisions of law.
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 purchase of a tractor with front end loader and backhoe.
C. "Holder of Obligation" shall mean any person who shall be the
bearer of an obligation authorized to be issued by this ordinance.
D. "Project" shall mean the acquisition of a tractor with front end
loader and backhoe to be used by the City of Clearwater Public Works
Department in maintaining, repairing and replacing sewer lines.
Section 1.03 FINDINGS. It is hereby ascertained, determined and
declared that:
A. The Issuer now operates a public works department in the City
of Clearwater, Florida, which performs various municipal services including
the maintenance, repair and replacing 'of sewer lines which are part of the
sewer collection and treatment system in Clearwater.
Ord.. O P90 3/6/80
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+ 4 4 B. It is necessary to acquire a tractor with front end loader and
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,• "? backhoe in order for the public works department to continue to provide
maintenance, repair and replacing services with respect to its sewer
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'" . collection and treatment system and thereby preserve and protect the public
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health and welfare of the inhabitants of the Issuer. .l
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< C. The principal and interest on the Obligation shall be payable '
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solely from legally available non-ad valorem funds in the general fund. r
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The Issuer shall never be required to levy ad valorem taxes on any property
therein to pay the principal of and interest on the Obligation and such
Obligation shall not constitute a lien upon any property of or in the Issuer.
ARTICLE II
AUTHORIZATION, TERMS, EXECUTION
Section 2.01 AUTHORIZATION OF ACQUISITION OF PROJECT.
There is hereby authorized the acquisition of the Project, consisting of
the purchase of a tractor with front end loader and backhoe, pursuant to
agreements now on file or to be filed with the Issuer. The cost of such
project shall be payable as to principal and interest over a period of five
(5) years from the date of delivery thereof; and expenses as may be necessary
or incidental to the financing herein authorized and acquisition of the Project
and placing the same in operation.
Section 2. OZ AUTHORIZATION OF OBLIGATION. Subject and
pursuant to the provisions hereof, an Obligation of the Issuer to be known
as the "Tractor with Attachments Note, Series 1980110 herein referred to
as "Obligation", is authorized to be issued in the aggregate amount of not
exceeding Twenty-five Thousand Five Hundred Sixty Dollars ($25, 560.00).
Section 2. 03 DESCRIPTION OF OBLIGATION. The Obligation
shall be dated , 1980; shall consist of a note of the Issuer payable
in monthly installments of Four Hundred Twenty-six Dollars ($426.00);
which payment, made in advance of each month, shall fully pay the principal
amount of the obligation in five (S) years together with interest at the rate
of eight per cent (8016) per annum on the unpaid principal balance.
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Ord. #2090 3/6/80
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0i Such Obligation shall be issued on anote form as provided herein;
shall be payable to bearer with respect to principal and interest as provided .',
herein and in lawful mane of the United States of America. r`
Section 2.04 EXECUTION OF OBLIGATION. The Obligation shall
be executed in the name of the Issuer by Its City Manager, countersigned
by its Mayor- Commissioner and its corporate seal or facsimile thereof
shall be affixed thereto or reproduced thereon and attested by its City Clerk.
'7is? • ? ? n3f r..d LS??'K?C'1 •..??:d ?}y,. ?',? al y?*? 7 .
' ` Sr The Obligation shall be approved as to form and correctness b its City
?r 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 as if such officer had remained in office until such delivery.
Section 2. 05 NEGOTIABILITY. The Obligation shall be and shall
have all of the qualities and incidents of a negotiable instrument under the
law merchant and the laws of the State of Florida, and each successive bolder,
in accepting such Obligation, shall be conclusively deemed to have agreed
that such Obligation shall be and have all of the qualities and incidents of
a negotiable instrument under the law merchant and the laws of the State of
Florida.
Section 2.06 PROVISION FOR REDEMPTION. The Obligation
may be made redeemable prior to its respective date of maturity, at the
option of the Issuer. Interest shall cease to accrue on the Obligation on the
date Issuer exercises its right of redemption, if payment thereof has been
duly provided.
Section 2.07 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:
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Ord. #2090
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CITY OF CLEARW'ATER
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 holder of this Note, from legally available general fund non
ad valorem revenues the principal sum of Twenty-five Thousand Five Hundred
Sixty Dollars ($25, 560.00), including interest thereon from the date hereof
at the rate of Eight per centum (8%) per annum on the unpaid principal
balance, such interest to the maturity hereof being puyabie monthly. Both
principal and interest on this Note shall be due and payable in the form of
monthly payments of Four Hundred Twenty-six Dollars ($426. 00) in lawful
money of the United States of America at
This Note is a single authorized obligation in the amount of
$25, 560, 00, issued to finance the cost of the acquisition of one tractor with
front end loader and backhoe to improve and maintain the efficiency of
the public works department of the City under the authority of and in full
compliance with the Constitution and Statutes of the State of Florida, including
Section 2-81 of the Code of Ordinances of the City of Clearwater, Florida,
Chapter 166, Part 11, Florida Statutes, and other applicable provisions of
law and an ordinance duly enacted by the City Commission of the City of
Clearwater on the day of March, 1980, and is subject to all the terms
and conditions of such Ordinance.
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 agreed by the holder of this Note that
such holder shall never have the right to require or compel the exercise
of the ad valorem taxing power of the City for the payment of the principal
of and interest on this Note.
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It is further agreed between the City and the holder of this Note
that this Note and the obligation it establishes shall not constitute a lien
Ord. x{2090
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3/6/80
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upon the Project, or any part thereof, or on any other property of or in
the City, but shall be payable from legally available general fund non ad valorem
revenues in the manner provided in the Ordinance.
The City agrees to always maintain sufficient funds in the designated
fund as will always provide revenues sufficient to pay out of such fund as
each installment becomes due, the principal and interest of this Note.
The agreement to pay from the non ad valorem revenues 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 and conditions set forth in the Ordinance.
All acts, conditions and things required to exist, to happen and to
be performed precedent to and in the issuance of this Note, 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 the issuance of this Note does not violate any constitutional,
statutory or ordinance limitation or provision.
This Note shall have all the qualities and incidents of a negotiable
instrument under the law merchant and the laws of the State of Florida.
IN WITNESS WHEREOF, the City of Clearwater, Florida, has
issued this Note and has caused the same to be signed by its City Manager,
countersigned by its Mayor-Commissioner, and the corporate seal to be
affixed and attested by its City Clerk, all as of the day of
lg
Countersigned:
Mayor- Commissioner
Approved as to form &
correctness:
CITY OF CLEARWATER, FLORIDA
By
City Manager
Attest:
City Clerk
City Attorney
Ord. #2090 3/6/80
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ARTICLE III
SOURCE OF PAYMENT OF OBLIGATION
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Section' 3.01 SOURCE OF PAYMENT. The Obligation herein
`
authorized shall not be or constitute an indebtedness of the Issuer within
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the meaning of any constitutional or statutory limitation of indebtedness,
but shall be payable solely from the legally available non ad valorem revenue
from the General Fund, provided that such agreement to pay shall not ?;x.,•` "'?;
constitute a lien on or pledge of such funds
No holder of the Obli
ation
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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, but the Obligation shall be payable only from the legally available
general fund non ad valorem revenue.
Section 3.02 COVENANT TO GENERATE REVENUES. The City
agrees to take such lawful action as may be available to it from time to
time as will always provide revenues sufficient to pay out of such funds
as each installment becomes due, the principal and interest of this Note,
ARTICLE IV
MISCELLANEOUS PROVISIONS
Section 4.01 CANCELLATION. If, at any time, the Issuer shall
have paid, or shall have made provision for payment of the principal and
interest with respect to the Obligation, then. and inthat event, the agreement
to pay from legally available general fund non ad valorem revenue 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 arnount of principal and interest
then due on the Obligation or a separate deposit of the principal and interest
payment in a separate account shall be considered "provision for 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 probbited, or against
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ublic policy, or shall for an reason whatsoever be held invalid, then
such covenants, agreements or provisions shall he 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 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 contained and of the
Original Ordinance 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 2. Prior to the execution of the Note provided herein, the
City Manager is authorized to make any insertion in this Ordinance necessitated
by the execution of the Note.
Section 3. Notice of the proposed enactment of this ordinance has
been properly advertised in a newspaper of general circulation in accordance
with Section 166.041, Florida Statutes.
PASSED ON FIRST READING February z1, 1980
PASSED ON SECOND AND FINAL
READING AND ADOPTED March 6, 1980
-ECL
M or-Commissioner
Attest:
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City Clerk
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NOTICE OF' PROPOSED
ENACTMENT OF ORDINANCE . ,
CLEAR W ATER SUN Clearwater City Commission Meeting March s, 19W, beginning'aT t r1
9,30 A,M Cammisslon Meeting Room, City Hall, To conslder k
PullIlArd Dally adoption of Ordinance Nos. 2089, 2090 and 2091, titles as follows;;
[ltarwatrr, 1'htt•Ita.0witty, Fluridr AN ORDINANCE OF THE CITY OF CLE:ARWATER. F LORle "
DA, AMENDING CIIAPT ER. 6, BOATS; DOCKS AND WATER'
!STATE OF Fl.[yli1DA WAYS, OF THE CODE OF ORDINANCES OF THE CITY OVI
COUNTY OF PINELLAa: CLEARWATE:R. FLORIDA, 1962, TO SET FORTH DEF'INI•
Itefore the undersignrd uwhurity prnuaaliy apprmrrd Mary Ann Marrurrlll, who oar "high says that PIONS OF NAVIGATION CHANNEL AND DEVICE: TO PRO;
site is ilre [:In.r•Ifled lairs Alunllxer of the I:Irorwairr Sun, It dully nrwspuprr pubiishrd at [aeorwarr In HIBIT TIIE BLOCKING OF THE NAVIGATION CHANNEL
WITH ANY DEVICE; PROVIDING FOR REPEAL OF Otto
lamellas! iungy,Florida; thus the attnrhrd rill!) of ud,erglsrrnrtrt,tieing At ...................... OINANCE:S OR PARTS OF ORDINANCES IN CONFLICT,`. f r
HEREWITIi TO THE EXTENT OF SUCH CONFLICT; PRO. "
PIG.tLtiA,.Q .. ,r0}70.$ P.d..FT3A?'.frlti4.t} +..4+ Q> a r.........inthematteror VIDINO FOR THE SEPARABILITY OF THE PROVISIONS +
HEREOF, PROVIDING PENALTIES FOR THE: VIOLATION
Qxdinonae, .13,Q &,.. 2.0.89.4 A0.? P.i . 0.? ? .................. OF THIS ORDINANCE. PROVIDING FOR PROPER NOTICE . 1='
............. OF PROPOSED ENACTMENT; AND PROVIDING FOR 1111;`
EF"FECHVE DATE OF THIS ORDINANCE. `
....................... . ..................... . .................................... AN ORDINANCE AUTHORIZING THE ISSUANCE 0%' A•
r
NOTE IN THE TOTAL AMOUNT UF425,580.00, INCLUUI% • ? :.
In the .........................XXXXX ......................... (:our%, woo published in INTEREST. TO HE KNOWN AS THE "TRACTOR WITH AT. {
TACHMENTS NOTE. SERIES 19"." OF' THE CITY OF said newspaper In the Lsuer or .. Z ab.. , .25 r19.8.11 ................................... CLEARWATE R. FLORIDA; AGREEINU TU :PAY SUCK E )
NOTE FROM LEGALLY AVAILABLE NON-AD VALOREM
c ................................................................................. GENERAL FUND REVENUE; PROVIDING FOR THE: SEVJ
Afli¦nl further sap that the sold 0earwatrr tiun Is a newsNaIter Nubll+hed at []e¦rwrger, in .aid ERABILITY OF THE PROVISIONS HEREOF; PROVIDING.
FOR PROPER NOTICE OF PROPOSED ENACTMENT. ANDii
l Pinellas County, Florida, and that the ¦nid newspaper hu, ltrretaf"rr born enntlnuuusly published in said PROVIDING FOR THE EF'F'ECTIVE DATE: OF THIS OR?.' 1
Pinellas [aunty, Floriaia, each day land hall 1wrn ritirrrd au otwund close mail natter at the port office In DINANCE, +
G
Clrorw¦ler, In said IIInellos County, Flurido, for a perl+al of cute year nest preceding site first puhllration AN ORDINANCE .'AUTRORIZING THE ISSUANCE OF A@,
:of the au¦rhed eupy of adeerilvesnew-, and will, tit further ¦u)s 'hot she hits neither pall nor prunriserl NOTE NOT EXCEEDING 1128,233.61 TO HE KNOWN AS THE
any person, firm or curli oratiun any discount, rebate, romnrisdun or refund for lire purpuse of securing "MOBILE CONCRETE MIXER NOTE, SERIES 1980, OF THE
thb advrrtl.nrent fur.puLlfeatiutr I¦.tlte omit] newspaper. CITY OF CLEARWATER, FLORIDA" FOR THE PURPOSE
OF PROVIDING COST SAVINGS AND INCREASED EF'F'I• R'
CIENCY WITHIN THE PUBLIC WORKS DEPARTMENT i
AGREEING TO PAY SUCH NOJ'S FROM LEGALLY AVAIle-
. ABLE; NON-AD VALOREM GENERAL FUND HEVKNUE•
• • • • • • • .. • • • • . • • • ... ! .. . ' ' ' , . ' ' .. PROVIDING FOR. THE SEPARABILITY OF, THE PRO-"
L
t VISIONS HEREOF:'PROVIDING FOR PROPER NOVICE OF '
Sworn to and ¦uhscribed before me PROPOSED ENACTMENT; AND PROVIDING FOR THE EF•I""
1 FECTIVE DATE OF THIS ORDINANCE.'
IOb,213a.tiY..... A.D. 1'} ?. 1% Citizens may be present to speak on the ordinances and/or tti?y '
44'? ??Ctuy Ifathem prior to above date at City Attorneys Office, 3rd floor, ?z-3
. .. ................... }
ISEAL Notary Nublir GL? City of Cleo aj;r. yr Isrk
,? 309 NOTAit7 PUBLIC, STATE of noAi4A it .AqL[ ?`? Feb, 23 •'.,,'; ._ . "' ..;' ' .- . -t i12;
I1T.tCUU111l0H LKNA91 NIA'[ 1., 1.1.
&COt0 TWIN ISM I111, IIIf1AARMIIIIIf1