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83-36..Y x 1i.'.f"+',. ,.'!•?;+ ,r..- rf S`I" r„}-99i R.3'-S.s TiN,' :.. .,i^ ?IVr }II,' wss•A,?'t»..4 !}ZAS j... !' Ofk 'R:W Sr y`a ..y(^ t :1• l" .3? '4.'...,r _ r „ ' `?fi`'., '' .+?.,:,iY''- • *iLl.. t• , S°.'7; }L. ?.l. ,: ,?'.? ??.' :.. -j ? :f.. '•I .': 1..3 L r'?. II '?..ri fe. 9: { :i,:? ??:>.a. 5 ?j• ,{Si„'u.pa?'?.v.,.+:t-:-. 'r: :,,. 'f.;.L.r '. ;:, -. r:i:..l .'Gi:'j. `.,'.'r?q? .?-?'''S?„F .a•?? '?., 't? rk '.,??; ?G ,'?r y. ?•, i'' '<„S? '.L'!'. ?:'S,:.:. 'if,r f. „•W. L-:.. ?. a;;xa ,ti _Vf .s,•.?El`.?i'E;;.%•?; ,,a, '„_ -...?i." ,a* ?.?"i•' t?w????..^... r?R.`s..iryr,:•: . era a?-^?•r.: ri:.???: t?`??e'',?: ,?•f?: ?ti?e -_4a _a..'._:7.': ?' :_? r.'S, ?x,:fl:iy. , r;.rt.'3' .:?''Uwt ".;w,r`;'- '.a::i't•?:St. 'r:P '?'? ?:;`', 'Z'`,:L',3.'.•'r:,-:a';..::., ..?'`?rF:=';;N '..4.: .r.f •, n•< .'f. i?'1"+ I'E4f'• `:p "?', i.1 a,•:n?>i Ei'?'s?i.v JA]il. r!, :: '?•?;`e.fv ?' •},1- •e.','' ?.. •.1E: "."` .it. ?7 %4 11 ??} jay;",y. ;,?-`;E?'??' •'i 4 i'r' li "o, t es ?F???ry?.. f r • ` .f RESOLUTION NO. 8336 ' 3h ZS 'Srr ry .g. 1 a ? • fin, ;?1 ,1f'. ??,'?'?.?o, `e i•`6 ,'?. IY1iwEww.;:• ...?tJ .tl?..YJ: }:4?11..i.1 L.?)4. A RESOLUTION FURTHER SUPPLEMENTING ORDINANCE NO. 2556-81, AS SUPPLEMENTED BY RESOLUTION Nn. 81105, SAID ORDINANCE HAVING BEEN ENTITLED: "AN ORDINANCE PROVIDING FOR THE ACQUISITION, CONSTRUCTION AND EQUIPPING BY THE CITY OF CLEARWATER OF A PROJECT FOR A NURSING HOME; PROVIDING FOR THE SALE OF SUCH PROJECT TO BETHAMY GARDENS, LTD.; PROVIDING FOR THE ISSUANCE BY THE CITY OF CLEARWATER OF UP TO $4,000,000 PRINCIPAL AMOUNT OF ITS FIRST MORTGAGE NURSING HOME REVENUE BONDS TO PAY ALL OR A PORTION OF THE COST OF SUCH PROJECT; PROVIDING FOR THE RIGHTS OF THE HOLDERS OF SUCH BONDS; PROVIDING FOR THE PAYMENT THEREOF; PROVIDING FOR A NEGOTIATED SALE OF SUCH BONDS; MAKING CERTAIN OTHER COVENANTS AND AGREEMENTS IN CONNECTION WITH THE ISSUANCE OF SUCH BONDS; PROVIDING FOR PROPER NOTICE OF PROPOSED ENACT- MENT AND PROVIDING FOR AN EFFECTIVE DATE;" APPROVING THE FORM OF AND AUTHORIZING A BOND PURCHASE AGREEMENT FOR THE NEGOTIATED SALE OF SUCH BONDS; AWARDING SUCH BONDS TO THE PUR- CHASER THEREOF; APPROVING THE DISTRIBUTION OF A PRELIMINARY OFFICIAL STATEMENT AND AUTHOR- IZING AN OFFICIAL STATEMENT RELATING TO SUCH BONDS: WHEREAS, the City of Clearwater, Florida (the "Issuer"), by Ordinance No. 2556-81, adopted by the Issuer's City Commission on November 19, 1981 (the "Ordinance"), authorized the issuance of up to $4,000,000 principal amount of the Issuer's revenue bonds designated the "City of Clearwater First Mortgage Nursing Home Revenue Bonds (Bethamy Gardens, Ltd. Project), Series 1982" (the "Bonds"), for the purposes stated in the Ordinance, and pro- vided for certain other matters related thereto; and WHEREAS, the Ordinance was adopted by the Issuer's City Commission, the governing body of the Issuer and a body elected pursuant to the Issuer's City Charter and other applicable provi- sions of law, after a public hearing for which reasonable public notice was duly given and at which members of the public were afforded reasonable opportunity to hear and make comments with respect to the Bonds and the nature and location of the Project described in the Ordinance (the "Project"); and WHEREAS, in Section 3M of the Ordinance the Issuer found and determined that a negotiated sale of the Bonds is required and is necessary, and is in the best interest of the Issuer, for the reasons stated therein, and by Section 9 of the Ordinance the Issuer authorized and agreed to a negotiated sale of the Bonds pursuant to a bond purchase agreement to be approved by resolution of the Issuer; and WHEREAS, the Issuer, by Resolution No. 81-105, adopted by the Issuer's City Commission an December 17, 1981 ("Resolu- tion No. 81105"), approved and authorized a form of bond purchase agreement providing for a negotiated sale of the Bonds by the Issuer to the underwriter named therein, awarded the Bonds to said underwriter, approved, ratified and confirmed the distri- bution of the preliminary official statement referred to therein and authorized the distribution of a final Official Statement, and approved and designated a trustee under the Indenture of Trust, Mortgage and Security Agreement for the Bonds; and Res 83-36 it . ,?? rer ?, fir: ih:i °•?<,'f,':'ia`Il?'i;': .'a: :?:' . 4/7/83. •a . ''-a,.,','.,'krLf, ..?.,. ,k T ?.. y P•;. •r:. , ,4? •,•.,./wr.... ..a.r.-.tiar?e,c,r+???,??'?(,Ki{??1 .? ."?i?9 ;.3r°f=;, .: '. •:'4,' :t.• ,1 - :?' ..?' ? m+. ' t ` •a '?y?l•?'?.r ;,t,:A?.,S??' ? rl'^ 5 •,L.:'.??,.."e.'4i.?..1:;. f F.fl'!.5%;r?.: `'? ' ti.: -.,?Y.'•=.• ? :. .'.. i'. J, ?.`'. Sej,•>;:r,"4, Pik' ,'uj'??+3???. ;rot. :¢' "•if?1Y i c. '^ ,?j_ =? .a._ ,.4,. , '?''"'= ,?".;!'??'i,'rs' ?-.d. t '+? :c'i ;r t ~t? .v, 0. ,r•,- '.t.? 3 =F?':::: `.'.` s..J?t," ?'..,r?'.;j1.,? ,?j'. ti' ,'t ::r'r... .?_,? .g.: .'fy =.?',..,,?',':'?''''??.J"?`:i?"hp.uM?a•,?a?•?. 1?ai°?-?: i:Y :.'ti.5'?t`7:, t "%?,'ti.?,??y?; .'. T+.?• . ?..si .. Y ?; \'. ,•?'l :,"? :?{'.. , .d.1,4's''?;t•'?}t i4«ix ? ?f'}?y'hlEa; ,'? ,} ? .>?5,.^?"?"f1, ."-r„?.'?''t=•: !: , r ': f' X?a'4.•r?• :•?; f ?.ti..i; nt'ti?;.. . a.. ,z jw? '"? .y? i '?"r'Si"?i. '}+ 'r`.. `+•,,:" .?} .'fi.'a't•; iii 5' :r', •'1 ••;a:?t? ,3: .s !rX: :- S.n ?an;S-4 . ??} F F ••s.'° ' <. ` : i': ; j t... "sE • 's G•i....: ?.• a'.3, ,f+;+.. f ? _ ,y.>~??.rk-'r: *;,4°,3`.'. axii?'.. ,y; err t.`3'?'i-:•'" '4' Mil .?;, nG:'?^, ?ai'•"?.j ?'x$1; s'{{.... '?.:' S•?T' •'p€•J. !.. a .ay <..5 :•' _ '. C' 1r ?;, js ??;t,T? Y,S' .: ;' ia?A._1 .. J. •,rMlr. ,. ?.^ e` •ai. .?uG.".:.f 'fY•• i.?,. 'i ?C "c.. 4-.,.?;(:. ;i:i"?!1?r.". ?i•..r. , s,.?f:q? .r? 'F`.?€?`.vt`r.. \' r',4.((''??:1?,.:4d') ? X' .aa?rSY. .?r.,l' *`5?. .????.?i'-? ?'; L•:•$. _ "'?,.C•u,.5.• .a< t '?? {'t' ,y'• r.; t .1 i??r u1 ?'. ,> f?o(p '?-}. 4 .rn .Fr '. .' '•5 ?:ty ,r..? , '?: ;'`?? +.y?%.. '[?i°-. a,Il?a?? ? ••'. `,•' '• '., t.,,,.< .' ,• ,"'. . .,' ' ?,•T ••, ?' .'.,^ .". • ?? s • f Lv,'..i •`'' S : 1 a,'s.`i'=.'?P ?..•.•..?.. -. .. ,_"....•........-xe+u....r.c.a««a,....u.u'-ysY--?rat?x.w•.tia34f?'13tir:+l,,.,'??,?+wtaM.f.:,:.,'?u.•,.i•:e.w:..?...:.:._ •1. WHEREAS# the Bonds have not yet been issued due to delays caused by certain administrative proceedings relating to the Company's certificate of need for the Project; and l WHEREAS, the Company has requested that the Bonds be A redesignated the "Series 1983 Bonds," has submitted a revised ;•t,_'?,:.r',',? form of bond purchase agreement (the "Hoed Purchase Agreement"} providing for a negotiated sale of the Bonds by the Issuer to American Municipal Securities, Inc., as underwriter (the "purchaser"), to be executed by the Purchaser, the Issuer and the Company, and has requested that the Issuer approve and authorize the execution and delivery of the Bond Purchase Agreement and that the Issuer award the Bonds to the Purchaser; and WHEREAS, the underwriter named in Resolution No. 81-105 has provided to the Issuer a letter releasing the Issuer and the Company from any and all obligations to said underwriter under the bond purchase agreement referred to in Resolution No. 81-105 and consenting to the award of the Bonds to the Purchaser; and WHEREAS, the Purchaser has provided to the Issuer a disclosure statement pursuant to Section 218 .385 (4) , Florida Statutes, as amended; and WHEREAS, the Company has submitted a copy of a Prelimi- nary Official Statement (the "Preliminary Official Statement"), relating to the Series 1983 Bonds to be underwritten by the '., Purchaser, and the Company has requested that the Issuer approve the form and distribution of the Preliminary Official. Statement >>; and authorize an Official Statement relating to the Series 1983 ;:at Bonds; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF ?'. THE CITY OF CLEARWATER, FLORIDA, IN SESSION DULY AND REGULARLY ASSEMBLED, AS FOLLOWS: th F f" SECTION 1. AUTHORITY FOR THIS RESOLUTION. This Resolution is adopted pursuant to provisions of Chapter 159, Part ?•. II, Florida Statutes, as amended, Ordinance No. 2556-81 of the 5 ,.. ,, Issuer, and other applicable provisions of law. SECTION 2. FINDINGS. It is hereby ascertained, deter- mined and declared that the Limited Guaranty Agreement to be made by Salu Devnani, Ronald D. Carver and James H. Lewis, as Guarantors, substantially in the form submitted by the Company to the Issuer, is satisfactory and that the findings set forth in Section 3 of Ordinance No. 2556-81 continue to be the findings.of the Issuer. SECTION 3. APPROVAL AND AUTHORIZATION OF BOND PURCHASE AGREEMENT. The Bond Purchase Agreement proposed to be made among the Purchaser, the Issuer and the Company, substantially in the form submitted to the Issuer by the Company with such changes, corrections, insertions and deletions as may be approved by the Mayor-Commissioner and City Manager of the Issuer, such approval to be evidenced conclusively by their execution thereof, is hereby approved and authorized; the Issuer hereby authorizes and directs the Mayor-Commissioner and the City Manager of the Issuer to exe- cute and the City Cleric of the Issuer to attest, and the City Attorney.to approve as to form, sufficiency and correctness, the Bond Purchase Agreement, and to deliver the Bond Purchase Agreement to the Purchaser and the Company; and all the provisions of the Bond Purchase Agreement, when executed and delivered by the Issuer as authorized herein and by the Purchaser and the Company, shall be deemed to be a part of this.Resolution as fully and to the same extent as if incorporated verbatim herein. SECTION 4. AWARD OF SERIES 1983 BONDS TO PURCHASER. The Series 1983 Bonds shall be sold and delivered to the Purchaser as provided in the Bond Purchase Agreement, at such price (not less -2- Res 83-36 ,FIX w.fL,L. _ -l 't1 y. i i? ?[ t CA?+7Y.aa?'FS'i?„?+'F'°.rDp"yy?'?l'?R?"? .?._>C`+1?LUy?y?,w .. }naves 4?""F?,?r•?'•.•'i ,Y6 ^LA' 4. aS.S't ?yy,p'.E"??`:«4',- .1. N '??? .Y ?' "h.'r'.sk:.L ; `"t.f?,.. >:n'. '.,k.''., ?'..}r ?1',t•. rt. "'.2 •r. ;. ,:•y'! z_°,?1' '??,; :°_'r.??'• iy" 9y N A'4' ?? t%t yy- ) •J ?k+ tti.?(- d a?>? 5' ?.?g?.t?'4?'.. .x ?.iX !\ii??y?' ?? ?r'9L{" t{K`1??'??f rr ?'I s??7?s i???T? -1Y Y F r 'k? ?f•t r djh? a :F' bt?`Y-A3,}?'< sy. ?r 5it,?.aw. ??%?? R. d S ?! ? 3..E ??? d? i r :':1rtrt-';ti'.,... Y...sq'jtR" -? } ''?u,?4; .F• -? t;w f: t'rass: ,i ?f?q,.:w.-nR,,•..r,L?a.,,???" ? a? a a• ?r?t' ? '?vt r .x . ?h?p•r5?r+f+ J?•y r,?:•FiSn,.atas, Tx.?:r?°t:r:?/? s?'9:ayla? +' ? ?; :V., 1 ,. ?,3a t S}?;?-a,' . :-,ply t?Sx. ?'?r'??,, IJ?v.S5rf F?^ E ?'?•?'y..;p?.yra r k, ' •r;6 ?' a y.:?+4 ? J E " f?n: {.s°#l. `x`- e" d j j'S. f r "ti3¢.;i'x -a.. 4 * !r$ 1 ?. f?'.i?, ?.F'ry „4iq'}q,',E?.??.;1'? ,?C'`, x.'?....,"Ra•v) A''?d . ? I.i. ?a i[ ?} r f,i'r A,t E 1 r - 4 L tf ? ??'`, g? h' 'fie ;az ?t;,?i', +:F3{.f Ya • f ' rt;, t,:°?t?.el: ,1 ;.,?.r. to F."> ??": q,. ?;s' ?? n:.ix't7 ??'?`!?? d 5 .s t ? '3' 1 s .p }(. rj-'?",..t :`: '! ?'. t: f. n: ? ry4 uJ, Y, .' ,k: g.. r• ;1 i3 f .?? a}..itL ! s:•'' }ti ?Y'=,'y ('. ,?J:^•??i? 'C'Jt••i = + ''tic ?,,a? ?V5.7??..1 ? `-?:??; . ! rr a'1•t•f.?? y' .?e;t:}',a .t,•[ ?'„'?'3{'',, 'Y +?,Ft• k,."L?',, 'd?i?. Y^ t, s ?rr;: s t ?'?,;Si', kL zs3 `?J ?'.;-'?..1 xt• SF d2 t?J ?'`$'`1 ?S t f?`?' f aS,?3, n. •, 5 • ? i??t.,7 ; .....:??(.?t •S.t. IF' ?? f'•'; ,?r J'nS r}?>?t4?S'? ?•?.f'" .x r ?'l e? 1e 3 - .t. n;•! ;' ; Ft?.x •` t:.?x.J,S, ,i ' d:b>?• !.. 8.. ?':." ?' :ri t:?i ^rx'B ;r" 7 ?'Y'li .? r `r ?. ?t. i f ] a+iiiae ":e i" •.c,.,•'trr xy i>ln .+L' .e?G h ] a.li.SW!?L'p4;4i.«!'.w?rM1.p7?1EIW1Yi?YIrLRU74aR4"?? 'S f 7 ?• ' e ,LE x than ninety-two percent (921) of the face amount of the Series 1983 Bonds) as shall be agreed upon writing by the Company and the Purchaser, plus accrued interest from the date of the Series 1983 Bonds to the date of delivery thereof. SECTION 5. DISTRIBUTION OF PRELIMINARY OFFICIAL STATE- MENTI AUTHORIZATION OF OFFICIAL STATEMENT. The distribution by the Purchaser of a preliminary official Statement, substantially ' in the form submitted to the Issuer by the Company with such y, changes, corrections, insertions and deletions as may be approved by the Mayor-Commissioner and City Manager of the Issuer and by .!{ the Company and the Purchaser, in each case such approvals to be evidenced conclusively by their execution of the Bond Purchase Agreement hereinabove authorized by this Resolution, is hereby approved, and the issuer hereby authorizes the Mayor-Commissioner and the City Manae!er of the Issuer to execute and authorize distribution of a final official Statement, substantially in the form of the Preliminary Official Statement hereinabove approved with such changest,'corrections, insertions and deletions as may be approved by tha Mayor-Commissioner and City Manager of the ;w Issuer and by the Company and the Purchaser, in each case such :•° approvals on behalf of the Issuer and the Company to be evidenced t, conclusively by their execution of the Official Statement and 14 such approval by the Purchaser to be evidenced conclusively by its acceptance of and payment for the Series 1983 Bonds. SECTION 6. REPEALING CLAUSE. All resolutions or orders and parts thereof in conflict with the provisions herein .? contained are, to the extent of such conflict, hereby superseded and repealed. r SECTION 7. EFFECTIVE DATE. This Resolution shall take effect immediately. PASSED AND ADOPTED this 7th day of April , 1983. Attest; tv City clerk -3- `.Y.' ;;.. Res .83-35. , a?•s,?li?.?l?fi ,.risk. °C,".?y:? =s.t ?,?!Se? f ?.^L. i'„ ??? ??.. ? i.'.' -? ?F:?"? Jas`>;^?F` ??•?p..3,, 4/7/83 ?`.f' -_ 1 .. •.•".S„ .."?'",_ r;-+••.?P•,;':'??•'S'"?'?,'S?f"?•-~,•,. h4 ^?: '?}.:.?p.,•?;?F::S?. r;....oM....«s,., .r'••+r.wg? . . .?"?#?_ q'. ..; -e :Y ?' tel: 3Y,?i{ii:_•,.°';t:'?. ,?".'3:'.,:t.? '?I.fir•_ r,', SE,ti'.;?,} 'F :'3 :?„ •:`:L??1'•.•,'i. r?Y, ?•?, ',?4L'"' J, ii.:'?i$.. ;'i,s.. . irv"?.r.-..:.? r .. :nf':M1: ik • : a 7::r J,.. a.?s rt•.a5' c's r,Y ?! 1 S _ :? : ,ird ? ?• f R t ,;,• .,,,q ?.<.-. •....?. a..Y? '1 `a.:i?w.F'r ''%??'°5?,•??°'YS L• y '?a?'•i""'+:4i'`??a:i`S.'?; '?-??'???i:?i?:; `.I=-r"CS "r•: i•:J?F• ., ?,"„•• ire, ?L:?ai? er ?; ??r 'r ?.r.`..?ir°???. y;r •' ? 'f..., . ;J'-: `,t .4?.""+, 'rt'.;3 ,<.: "..4,5".'e • ., ii y,E-i i,"' i ?: 1r ° •.i c`. z+??Fr?<.'?•t',srq ??' •:ts' :: .: '?• r S,' :-??;?'t 1r?°? •. i:',` ..?. , ?., sfe?.' irty.?:. a,; ,,. •' i14 .L'"? .r,tlr:. L.3' ??'' s„F .? :F:r. L'I_' ?1. ?. ei°. ?1:* ''."n, .! a5?:' e?r!,?. ..i .'. •.•.,a to y.':j•:h ?n ,r. 'r' .'S':<<.?!...; d'n,.?..,F;,S':'r, rti ?1;•:'q. :i??'FS`.?. Pr?.'?'?!??',°: ;w• :?•?:;. ri • '`s;t ?"•i 'n ? ?' E t°'r't:;i? ?'?. ?', l:: ,v•?:'??F;'.r`"-;?..•:y ?;°'., 4 v'1 V '9'`,.C' : i? rr;: •?' .? + <'1;F ?`' r ? ,.' '?i: •t'•? i?'- fiy':r€??, rhi ? i i ? e•?•?•, -`r ! °s .1?..; e• .t:?'; :'<it'1.# 7'• ,it!.•:.. ,? t•w: i6"".ftA -rfY.i .; r.l ,S' .`.: ,•. .1. :.f ?':S. ;i, tR.,?'.R E,?F3 ?.?s<e•?s+r ???i :;E ,9 `'? ? ;i'a: ?''??: ?,. ':i? ;t'-`r ?'fi'• fit:.,. '1'`. 3; " •.v: .?., .!?.:J:'i'.s ;r,:t4 '?: d r:#$? '.'S? ".3' _ '? '7: :,; ;ra?....'?th.ti.,? •.tr :>r?r*'2, a:: S(• ?ti 'r' ? "4'.' ',i 'a' ei?f ??.?ii;Y,'a `)..y ?d, ?. tF(,i: ?'A•ES:1• - „ 'r'' .{'; ?s"??' ?':, _°'i '??. Fi`;N .t:"?••=..i}` a"{`. [;t iw??.. .-i4e:: 1•.F.r! '??.tt :a ,i s"rf:6'' .,p? ?, `:?`; .vki,ti''••l; `• ., Sr-. ? ',,• t;. ?. :STS 3ab g•. 4;..t lI tit .1 :; °?: yi E'• ?; li ,j•• ? •' r.,T`,":. -i.,, w!' ?, ? •:'$? ?4.' '- .,4 .y rE. •r. +?•5 "`?'r?%:.1 ,31?..•+ 'pEr rt,?r `?r?cj. Y`•"w?{?':r ?{` :t.`•.?i• •r., ^•,t: 'i-r y.: ^i:'.•,tLht:. ,.a s.. a. ,t. .Y,• ''•r l' .?.? ..}°.. sia'vf.„E p?i'ti'i5;?; 7a..At! ? ;???(,?'t-r .. .. ?s'"5~ ., iti ::,?'r _ 5: .°r°.;l:l'f' .';'t 'Fi::>•? '?1c9:...._.__...__.___"-_____....:w..d,?,.?v:id4t'a'?,:'?;?v,.N'.?+??•Lat.L•.{ftD?:hsu..,......._`:,?..•r,...,_3.•. ?.. ... ..i1'.:.!:'?f:••':. %;;;g RESOLUTION NO. 83- 36 A RESOLUTION FURTHER SUPPLEMENTING ORDINANCE NO. 2556-81, AS SUPPLEMENTED BY RESOLUTION NO. 81-105, SAID ORDINANCE HAVING BEEN ENTITLED t "AN ORDINANCE PROVIDING FOR THE ACQUISITION, :'s' :4:5•`''`:'.r CONSTRUCTION AND EQUIPPING BY THE CITY OF CLEARWATER OF A PROTECT FOR A NURSING HOME, ti;';, : '`•?; ?'.::',' PROVIDING FOR THE SALE OF SUCH PROJECT TO r^ BETHAMY GARDENS, LTD,; PROVIDING FOR THE :' °`Y;a:' ": '::•' ISSUANCE BY THE CITY OF CLEARWATER OF UP TO , ., r ;: ,,? •_ ., j.-. $4,000,000 PRINCIPAL AMOUNT OF ITS FIRST , ., _,,,„ ,; , MORTGAGE NURSING HOME REVENUE BONDS TO PAY ALL OR A PORTION OF THE COST OF SUCH PROJECT; PROVIDING FOR THE RIGHTS OF THE HOLDERS OF SUCH BONDS; PROVIDING FOR THE PAYMENT THEREOF; PROVIDING FORA NEGOTIATED SALE OF SUCH BONDS? s'.'= ;??.,,.,•y, ,.•',,E'• ;;:_ ;'+;. •'s,; s , : ` ; MAKING CERTAIN OTHER COVENANTS AND AGREEMENTS IN CONNECTION WITH THE ISSUANCE OF SUCH BONDS; a`7;,Er:'.'.'_ '•;? .-" PROVIDING FOR PROPER NOTICE OF PROPOSED ENACT- FO T _,; MENT AND PROVIDING R AN EFFECTIVE DA E; 1 . :, '` , APPROVING THE FORM OF AND AUTHORIZING A BOND L r _r, - f w PURCHASE AGREEMENT FOR THE NEGOTIATED SALE OF SUCH BONDS; AWARDING SUCH BONDS TO THE PUR- CHASER THEREOF; APPROVING THE DISTRIBUTION OF A PRELIMINARY OFFICIAL STATEMENT AND AUTHOR- . IZING AN OFFICIAL STATEMENT RELATING TO SUCH BONDS. WHEREAS, the City of Clearwater, Florida (the "Issuer"), by Ordinance No. 2556-81, adopted by the Issuer's City Commission on November 19, 1981 (the "Ordinance"), authorized the issuance of up to $9,000,000 principal amount of the Issuer's revenue bonds designated the "City of Clearwater First Mortgage Nursing Home Revenue Bonds (Bethany Gardens, Ltd. Project), Series 1982" (the "Bonds"), for the purposes stated in the Ordinance, and pro- vided for certain other matters related thereto; and WHEREAS, the Ordinance was adopted by the Issuer's City Commission, the governing body of the Issuer and a body elected pursuant to the Issuer's City Charter and other applicable provi- sions of law, after a public hearing for which reasonable public notice was duly-given and at which members of the public were afforded reasonable opportunity to hear and make comments with respect to the Bonds and the nature and location of the Project described in the Ordinance (the "Project"); and WHEREAS, in Section 3M of the Ordinance the Issuer found and determined that a negotiated sale of the Bonds is required and is necessary, and is in the best interest of the Issuer, for the reasons stated therein, and by Section 9 of the Ordinance the Issuer authorized and agreed to a.negotiated'sale of the Bonds pursuant to a bond purchase agreement to be approved by resolution of the Issuer; and WHEREAS, the Issuer, by Resolution No. 81-105, adopted by the Issuer's City Commission on December 17, 1981 ("Resolu- tion No. 81-1050), approved and authorized a form of bond purchase agreement providing fora negotiated sale of the Bonds by the Issuer to the underwriter named therein, awarded the Bonds to said underwriter, approved, ratified and confirmed the distri- bution of the preliminary official statement referred to therein and authorized the distribution of a final Official Statement, and approved and designated a trustee under the Indenture of Trust, Mortgage and Security Agreement for the Bonds; and C C-k-oi y. '. L ll }'kiTY?9 tS;,. er r•a41 E. f ': F•. „. ;,??•.4,.> r. fir. .4 1, ?K:?<W's75CSI:.t `. `. y.,. `f.: x? -. . s" , t"`. jt°yy .s KV«,,}: i.,- :;• i'i: ?,?: ..?-.'. -:a.i .}. '?.yC•.; { . .L* ' .rat. _ 11 - J' i:, ? .?'f .i' ? < 4P ? ~7y:';" `Yr}? r :: '.': cur .l :, ??i?2.Z .{' rr4?•j?(,?y}??I }:. .jr , ;; ,.•ib' - ?.l`?'1'..''?''lP, rS"? :?.,, J,;.':'".:., :'"f.`kyy ?•I ,1 ?ss E PS ?.? •,..r-°.•:i,, '' F.ti `?. r.,.,?y r . ' •, F"was ga +.¢,,•. l;tt ' S• ?!. •ir .'E: `E' '-I? - «.I d.E 'N'_t a;. •.9 1? '_ "tl.?: ?>: r,F,j? iii; -.'k.k;a?.}'`. .. p. r?.. ':Ss'.?.sf'? .'?•'t?• :}`. .?. Vii." :E°A' ?,?:?r,I,f'..?•?'.?.a}^I ?,!?? l ?.i,,?:` .•s. `, E.. .•1?' - °r 'c? %•1^.i ':'.a?rr,?i",: {rat•:,I-. ;'I•, J r.k•. .2'•. i.!' '.51..5.' rl:<iS S.; 1•'•5?r S4'J. , }?i.. r k.. ° 'rS' .4 v. _.rl,I,e '11,1.=r <? ? k??f ai F'+{ ?'Y.' .i?:'' •I:,? .'/.s .•?' ".! " •Y •,'• ?.1. ?:.j 1: 1. ?EIYIr. JNS? ,;? t :fe`e c?ri+?,?,tc?i:?L'?.?,n"tiS:''+.,?C: `.'?y.;i,.: v.H#,,"?.'i :'.??' ?....ucari.n-.. •, ??. { '? p ?., ?,,t,?. ,-?;:.?,7. ;',c?:' +«ati&,TG?'f?c?iv?.Li•' k.W..-...«.......r.:1...>.., . ... ?•_.......?.... --- --- is WHEREAS, the Bonds have not yet been issued due to delays caused by certain administrative proceedings relating to the Company's certificate of need for the Project; and WHEREAS, the Company has requested that the Bonds be redesignated the "Serieu 1983 Bonds," has submitted a revised form of bond purchase agreement (the "Bond Purchase Agreement") providing for a negotiated sale of the Bonds by the Issuer to American Municipal Securities, Inc., as underwriter (the "Purchaser"), to be executed by the Purchaser, the Issuer and the Company, and has requested that the Issuer approve and authorize the execution and delivery of the Bond Purchase Agreement and that the Issuer award the Bonds to the Purchaser; and WHEREAS, the underwriter named in Resolution No. 81-105 has provided to the Issuer a letter releasing the Issuer and the Company from any and all obligations to said underwriter under the bond purchase agreement referred to in Resolution No. 81-105 and consenting to the award of the Bonds to the Purchaser; and WHEREAS, the Purchaser has provided to the Issuer a disclosure statement pursuant to Section 218.385(4), Florida Statutes, as amended; and WHEREAS, the Company has submitted a copy of a Prelimi- x nary official Statement (the "Preliminary Official Statement"), y7' relating to the Series 1983 Bonds to be underwritten by the Purchaser, and the Company has requested that the Issuer approve the form and distribution of the Preliminary Official Statement ?•M`J'i' and authorize an Official Statement relating to the Series 1983 ,k s Bonds; NOW, THEREFORE, BE IT RESOLVED BY THE CI'T'Y COMMISSION OF THE CITY OF CLEARWATER, FLORIDA, IN SESSION DULY AND REGULARLY ASSEMBLED, AS FOLLOWS! f SECTION 1. AUTHORITY FOR THIS RESOLUTION. This Resolution is adopted pursuant to provisions of Chapter 159, Part II, Florida Statutes, as amended, Ordinance No. 2556-81 of the Issuer, and other applicable provisions of law. SECTION 2. FINDINGS. It is hereby ascertained, deter- mined and declared that the Limited Guaranty Agreement to be made by Salu Devnani, Ronald D. Carver and James H. Lewis, as Guarantors, substantially in the form submitted by the Company to the Issuer, is satisfactory and that the findings set forth in Section 3 of Ordinance No. 2556-81 continue to be the findings of the Issuer. SECTION 3. APPROVAL AND AUTHORIZATION OF BOND PURCHASE AGREEMENT. The Bond Purchase Agreement proposed to be made among the Purchaser, the Issuer and the Company, substantially in the form submitted to the Issuer by the Company with such changes, corrections, insertions and deletions as may be approved by the Mayor-Commissioner and City Manager of the Issuer, such approval to be evidenced conclusively by their execution thereof, is hereby approved and authorized; the Issuer hereby authorizes and directs the Mayor-Commissioner and the City Manager of the Issuer to exe- cute and the City Clerk of the Issuer to attest, and the City Attorney to approve as to form, sufficiency and correctness, the Bond Purchase Agreement, and to deliver the Bond Purchase Agreement to the Purchaser and the Company= and all the provisions of the Bond Purchase Agreement, when executed and delivered by the Issuer as authorized herein and by the Purchaser and the Company, shall be deemed to be a part of this Resolution as fully and to the same extent as if incorporated verbatim herein. SECTION 4. AWARD OF SERIES 1983 BONDS TO PURCHASER. The Series 1983 Bonds shall be sold and delivered to the Purchaser as provided in the Bond Purchase Agreement, at such price (not less _2- F-5,r'r?'' .,.r r .r. 1 1' iy ??.?ia ,•§+?c'Y117y?Fr. ?S ,' q'. ?? •l rlJrRn.,1,.NYRn-•-.? 1'1 Ta"',g :?-'?i.',L;s t:r:t :'n.;,yo?..i. ??.,si?rhts?s•'.?; M?.?y_,?,? _.t ?,.- ___ "zz a than ninety-two percent (92%) of the face amount of the Series 1993 Bonds) as shall be agreed upon writing by the company and the Purchaser, plus accrued interest from the date of the Series 1983 Bonder to the date of 'delivery thereof. SECTION S. DISTRIBUTION OF PRELIMINARY OFFICIAL STATE- MENT= AUTHORIZATION OF OFFICIAL STATEMENT. The distribution by the Purchaser of a Preliminary Official Statement, substantially in the form submitted to the Issuer by the Company with such changes, corrections, insertions and deletions as may be approved by the Mayor-Commissioner and City Manager of the Issuer and by the Company and the Purchaser, in each case such approvals to be evidenced conclusively by their execution of the Bond Purchase Agreement hereinabove authorized by this Resolution, is hereby approved, and the Issuer hereby authorizes the Mayor-Commissioner and the City Manager of the'Issuer to execute and authorize distribution of a final Official Statement, substantially in the form of the Preliminary Official Statement hereinabove approved with such changes, corrections, insertions and deletions as may be approved by the Mayor-Commissioner and City Manager of the Issuer and-by the Company and the Purchaser, in each case such approvals on behalf of the Issuer and the Company to be evidenced conclusively by their execution of the Official Statement and such approval by the Purchaser to be evidenced conclusively by its acceptance of and payment for the Series 1983 Bonds. SECTION 6. REPEALING CLAUSE. All resolutions or orders and parts thereof in conflict with the provisions herein contained are, to the•extent of such conflict, hereby superseded and repealed. SECTION 7. EFFECTIVE DATE. This Resolution shall take effect immediately. PASSED AND ADOPTED this 7th day of April. , 1983. Attest: cam- ?.Gw,+?`J r,4 City Clerk -3- '"??3r"y l'l?ita??.i?Y ,?f•, jr?f?l ', " 1'r- rl"j C yor-Commissioner + •yNJi,;?1 ,