1766
r
ORDINANCE NO. 1766
AN ORDINANCE SUPPLEMENTING ORDINANCE NO.
954 ENACTED NOVEMBER 26, 1962, AUTHORIZING THE
CONSTRUCTION OR ACQUISITION OF AN INCINERATOR
FOR THE CITY OF CLEARWATER FOR THE PURPOSE
OF DISPOSING OF GARBAGE AND OTHER WASTE MATERIAL
OF SAID CITY; AUTHORIZING THE ISSUANCE OF $1, 100, 000
INCINERATOR REVENUE BONDS TO PAY THE COST THEREOF;
PROVIDING FOR THE RIGHTS OF THE HOLDERS OF SAID
BONDS; PROVIDING FOR THE METHOD OF PAYMENT OF
SAID BONDS; PROVIDING FOR NOTICE OF PROPOSED
ENACTMENT; AND PROVIDING FOR AN EFFECTIVE DATE.
BE IT ORDAINED BY THE CITY COMMISSION OF THE
CITY OF CLEARWATER, FLORIDA:
Section 1. Authority for This Ordinance. This Ordinance is
adopted pursuant to the provisions of Chapter 166, Part II, Florida Statutes,
and other applicable provisions of law.
Section Z. Findings. It is hereby found and determined as follows:
A. The City authorized $1, 100, 000 of Incinerator Revenue Bonds in
1962 (sometimes hereinafter referred to as the "Bonds"), of which $3Z7, 005
in principal amount are still outstanding, and not covered by reserve
deposits;
B. Ordinance No. 954 authorizing the issuance of said Incinerator
Revenue Bonds provides that garbage disposal rates shall be sufficient to
cover operation and maintenance cost and debt service requirements,
including sinking fund and reserve payments;
C. Historically, the Sanitation Division has always provided sufficient
revenue to meet all debt service requirements, but has relied on other
revenues of the City to meet operation and maintenance expenses;
D. Section 3.04 (B) requires the City in each year the Incinerator
Revenue Bonds are outstanding to budget annually amounts sufficient to pay
principal of and interest on the Bonds as such amounts come due without
deduction or credit against said annual appropriations for revenues derived
from the operation of the City's Garbage Disposal System; and
E. The City deems it desirable in keeping with Section 3.04 (B) to
secure the Bonds by an irrevocable pledge (subordinated and junior to the
City's. Utilities Tax and Bridge Revenue Bonds, Series 1977 [the Bridge Bonds],
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and the City's Utilities Tax Bonds, Series 1977, the Utilities Tax Bonds and
any future obligations issued and ranking .oh a-phri?y therewith) f
of the !'Utilities Services Taxes', levied and collected by the City pursuant
to Section 166. 231, Florida Statutes, and Ordinance No. 811 enacted February
16, 1959, as amended.
Section 3. Covenants. For so long as any of the Incinerator Revenue
Bonds are outstanding, the City covenants and pledges that all of the Bonds
shall be henceforth additionally secured equally and ratably by a pledge of
and lien on the Utilities Services Taxes levied and collected by the City to the
extent available provided, however, that such pledge and lien in favor of the
holders of the Bonds shall be junior and subordinate to the pledge thereof and
lien thereon in favor of the holders of the City's outstanding Bridge Bonds,
Utilities Tax Bonds, and any and all obligations hereafter issued payable
and ranking on a parity therewith from the Utilities Services Taxes; provided,
further, nothing herein shall grant to any holder or holders of any Bonds the
right to compel the exercise of the ad valorem taxing powers of the City or
taxation in any form on any real or personal property herein to pay said Bonds
or the interest thereon.
Section 4. This instrument to Constitute Contract. This Ordinance
shall be deemed to be and shall constitute a contract between the City and
the holders of the Bonds. The covenants and agreements set forth herein
to be performed by the City shall be for the equal benefit, protection and
security of the legal holders of any and all of the Bonds and the coupons attached
thereto, all of which shall be of equal rank and without preference, priority
or distinction of any of the Bonds or the coupons over any others thereof
except as expressly provided herein.
Section 5. 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
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any reason whatsoever be held invalid, then such covenants, agreements or
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provisions shall be null and void and shall be deemed separate from the
remaining covenants, agreements ox provisions and shall be deemed separate
from the covenants, agreements or provisions of Ordinance No, 954 and
shall in no way affect the validity of any of the other provisions hereof or
thereof or the Bonds or coupons issued thereunder.
Section 6. Notice of Proposed Enactment. 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.
Section 7. Effective Date. The provisions of this Ordinance shall
take effect immediately upon its passage.
PASSED ON FIRST READING March 17, 1978
PASSED ON SECOND AND FINAL
READING AND ADOPTED April 6, 1978 +
C ?
Vice Mayor-Commissioner
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Attest-
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Deputy City Clerk
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CLEARWATER SUN
Published Daily i
Clearwater, Pinellas County, Florida
STATEOFFLOttIDA %
COUNTY OF PINELLAS:
Before the undersigned authority personally appeared Carolyn O. Griffin, who on oath
""• ot the Clearwater Sun adailY newspaper published °NQTICK110FTASSA?'E!'? L
says that she Is the Classified Sales Manager "'
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•Y>r.')°, ,II'i'',1• /''t? J;;'.i?'nSW 4, r. "F•.1 R'l r{'31.1F CilS?•?liy y?•i .. 1' .1.
at Clearwater In Pinellas Caunty Floridr that the atlrhed copy of advertisement, being r ..... ,; r ,?; ?',J??,, ?:ry7 NA CE=;':{ J,.
Vi if'
...... , ..1, the matter of CiE •NO. 17? 1' 71 #t S
P a s a a 9. e f ordinance o 7 Aid' ORDINANCE `s'iVPPI.?
................ ME1+ITlN(3 OIIbiNAICiE ?1:,
r ........................ ...•,..?..?.?...................
?fie .i• ,
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,_•..,'..' 961 ENACTED :Irjb =6, 106?, AUTHORI4AYMMUN
i.rr ??.r ... . .............................................................................. CONSTRUCTIO +OR UISITION:q? AN INC,
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TEIF?.CITY
,.'> . xrJlKe .. XX]t X ........................... "H, was publ[shed In :AFi WATER FOR'?'HP:?
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,,,. ,ti. of Di8PO9IN(1 OP 0 (1E,AND'OTHER',W
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id newspaper In the Issues of ... ?A r i L, 1 1 1 9 7 $ , , , , , , , , , ................. 'IERI& OFi BAID'CITY' AUTH4RIZIN(I .TIIIi;II3SUAI?C
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t , `;.'' :'0 11,180
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.......................................... COgT`iNERI?OFIsA011IDINQF'ORTIiE. til?ll•I1'$:4I?,?' ' •. ... .. ,:r,.1?
Afflant further says that the said Clearwater Sun lea newspaper published at Cleanreter, in ';,THE HOI,DERS10P 't?ONDSi' PR4VIDINd:FOR?THS
OP; RAID 84ND8' '' '
I4VIDINf3' ,
4 i ,,,•; . Bald Pinellas County, Florida, and that the said newspaper has heretofore been continuously MhTI3OD OF PA
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published in said Pinellas County, Florida, each day and ham been entered as second class mail FOR?'NOTICE•OP,-P PMD ZNACTMENI'•' R4?' sr . r
matter at the post office In Clearwater, In said Pinellas County. Florida fora period of one year z . J ' s.., t' z'•Y`•
VipINt3.? AN'EPI+'I7q'l'IVE•DATE.:;':•„'••, t.•L ., ??.,t..?:?., '?= , .?•,ie?,??ryt'',+'?•'
PASSED:ON FIRST ?•,' w
next recedin the first publication of the attached copy of advertisement; and afflsnt further REI?X7IN{1E: <i,, ;, •,a?.,r,i.} z'' ?..? .:F.r.;t„,z
says preceding
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• '•. PA:?n:oN ivD AND FINAL,-,
hat she has neither paid nor promised any personirm or corporation any discount, rebate, ? ; r i' t• C' Yr"'r. ?? ?'
,,•':;R !, ter' ;r r t ?! A•,?}',.
?rr.ti. '• s i "? ?lI? ,? ?:'. ', r.,a
commission or refund for the purpose of securing this advertisement for publication in the sold ?- 1: M? ,?.t ,?I??D,;,? ..! f, ?;1 ?s.<;??,=pj .?p?.??l'1 .; •*,??}?.?w?',???' R ?., ? ,
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'?'?;•t?{' '? Sworn to and subscribed before me , t1' '',-. t .,?;:j ri' i.` ,:{s.il t'w%''??•.c 1•i.?pj?r ' - °
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wTART Amill:, 9TATt ri nOtmA I tr<rtr ' t
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' CLEARWATER S
Published Daily,
Clearwater, Pinellas County, Florida
STATE OF FLORIDA lt•;, °'' `? i
COUNTY OF PINELLAS: << Notic, p
Of used .:. ,
Before the undersigned authorll r0?;..
y personally appeared Carolyn O. Griffin, who on oath 1, +m .': „`;? rt'f %%?a,'.?; ; _ •`; ?'?; • •f?x' r,::.
says that she is the Classified Sales Alanoger of the Clearwater Sun, a daily newspaper published ?ti •• 11 . L ent4' Q?-` 0rd ''] The City COmmission.of thl''Cit of.C ' '' ; rS
at Clearwater in Pinellas Count Florida; that the atlch.cl ca of missio Y• leLil ter
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copy advertisement, being a ..... ?qhe Com r1' Meeting sNotice of Proposed Enactment of Ordinance fAvertlle"' C 'Room,: City: liali;?.lfa'5;,,jl?'`: .°4'• ';
In the matteroi rMrhhhh IearwateP, 'Florida.;l?egintlij;g,,?t':g,y8' AM: #.'' 7,.•x,,;4
Adoptiion of Ordinance No. 1766 ursday,'April`8;.1978,•for the pwpose:of,/o
adoption of'Ord Iht rttdtlerirlg'tis3 .: r, z ,.j T,,
foIIows: ' finance No. I766
,'
K,t ... ' ' AN ORDINANCES PPLEMENTING'0 ` ANCE i O:-"'f
Iii . ............... XXXX........................... XeGM, was ublished In 9M ENACTED •N4 tit ; s
said newspaper In the Issues of .................... P !' ,THE CONSTRUC#'I°NMOER 26, I •r^A HORIZ 00",?P
.................................. CINERATOR' FOR R ACQUISITtON• qF: AN IN-:-, : e
............................................................................. ING O Au ;THEI'PURPOSE F DI CITYG OF AR GARBWATEIi'F?OR,:.'
SPO5 F wE ' y
?1ND?; ''; : r:', ?,?`-•?`'`?;t?s,z?.tr.? ,
AfQant
furthers r' ''OTHER WASTE; MATERIAL OF.SAID'CITY; A ?'
ays that the said Clearwater Sun is a newspaper published at Clearwater, in ' IZING':THE ISSUANCE. OF. I;I(* * INCIN
said Pinellas County, Florida, and that the Bald newspaper has heretofore been continuously ° "REVENUE BONDS'
ERA? pR.<
published in said Pinellas County, Florida, each day and has been entered as second class wail . PROVIDING =, PAY THE, COST';.;r;'•,}+ ';T i•':.
FOR': THE. THEIlFAI' f } ; hr}tip` w '#
RIGHT at the post office In Clearwater, In sold Pinellas County, Florida, for a period of one year .. BONDS;'' PROVIDING FORS . OF, .' THE `' •PA U • ,'
next preceding the first publication of the attached copy of advertisement; and nffinnt further f' , MENT. aF SAID BONDS;. PROVIDING-41 N P
save that she has neither aid nor promised an A?'.i`, ?":'
P y person, firm or corporation any discount, rebate,, 'OF PROPOSED ENACTMENT' A R•N ICR'34,-;
commission or refund for the purpose of securing this advertisement for publication in the said r , ND PRQ1gD1vG',O ,' ?,; 4r ??
newspaper. AN. EFFECTI VE
DATE.'
Copies of ltieproposed ordinigtce
• ',i '' `?, O bllc'at,the office of the City Attorney 1 Thl 1c Floor.by the;"', "
f Litt Hali, It2 S Osceola Avenue' C1 ' af tllgjr Kt t ??
Sworsilr?a! Isubeciibedbe..... to'saidtimeanddate,. ear4vater,'F10iide;`prior
30th March ?hose persons interested may bs'p fli
thir; ay . ........?A D 1S 78 W4 .heard W1tI1 respect l0 the dent pthe.puacyQ'a,•,?.,?'• r t
sa.,4. proposed ordl
name-?;,?
.' r`t»i• ?> City ofClIA.rwetc`•.
A IJ rte , TIGrARY.ru4l lc, srAtt e! FLORIDA at R
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1 AI,1 Notary Fabric 14Y COMMISSION tzr:ats rur rr. rlsr.: _'. Cl
aaunta Rau GL ???•:. - , v` e,; 3. i:' °_S?
1iLlGL Ilia. UtlllERwBIffIIS ''k •t •'? ?^?,I.•T?'? t'+'L.7Wr:
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