O88-13ORDINANCE NO. 88-13
AN ORDINANCE OF THE CITY COMMISSION OF
THE CITY OF BOYNTON BEACH, FLORIDA
AUTHORIZING THE ISSUANCE, SUBJECT TO THE
ELECTION HEREIN PROVIDED FOR, OF NOT
EXCEEDING $2,500,000.00 BONDS OF THE
CITY OF BOYNTON BEACH, FLORIDA, FOR
PROVIDING FUNDS, TOGETHER WITH ANY OTHER
AVAILABLE FUNDS, FOR PAYING THE COST OF
ACQUIRING FOR PUBLIC PARK PURPOSES A 10
ACRE PARCEL OF LAND ALONG THE
INTRACOASTAL WATERWAY WITHIN THE CItY OF
BOYNTON BEACH, COMMONLY KNOWN AS THE
SHOOTER'S PROPERTY, MORE PARTICULARLY
DESCRIBED HEREIN; AND DECLARING THAT
THIS ORDINANCE SHALL TAKE EFFECT
IMMEDIATELY UPON ITS ADOPTION.
acquire a 10
waterway in
purposes; and
WMRREAS, it is necessary that the City of Boynton Beach
acre parcel of land along the intracoastal
the City of Boynton Beach for public park
WHEREAS, to pay all or a part of the cost of the above,
it is necessary to issue the bonds of the City as
hereinafter provided;
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COMMISSION
OF THE CITY OF BOYNTON BEACH, FLORIDA:
Section 1. For the purpose of providing funds,
together with any other available funds, for'paying the cost
of acquiring a 10 acre parcel of land along the intracoastal
waterway in the City of Boynton Beach for public park
purposes which is more particularly described as follows:
Lots 7, 8 and 9, SAM BROWN JR.,
SUBDIVISION, Boynton Beach, Florida,
Plat Book 1, Page 81, Palm Beach County
Public Records, together with all
reparian rights appertaining thereto.
There shall be issued, subject to the election
hereinafter provided for bonds of the City of Boynton Beach,
Florida in an aggregate principal amount not exceeding TWO
MILLION FIVE HUNDRED THOUSAND AND NO/100 ($2,500,000.00)
DOLLARS, maturing at such time or times not exceeding thirty
(30) years from their date or dates as may be determined by
the City Commission, and bearing interest at a rate or rates
not exceeding the maximum rate then permitted by law, and to
be payable from unlimited ad valorem taxes.
Section 2. A special election is hereby called to
be held on June 7, 1988, for the purpose of submitting to
the qualified electors of the City the question whether such
bonds shall be issued.
Section 3. This ordinance shall be read in full at
two separate meetings not less than ten (10) days apart and
shall at least seven (7) days prior to its passage on second
reading be noticed once in a newspaper of general
circulation in the City of Boynton Beach, which notice shall
state the date, time and place of the meeting at which this
ordinance, will be passed on second reading, the title of
this ordinance, the place where this ordinance may be
inspected by the public and shall also advise that
interested parties may appear at said meeting and be heard
with respect to this ordinance.
Section 4. This ordinance shall take effect
immediately upon its adoption.
FIRST READING this /~-~- day of
1988.
-2-
SECOND, FINAL READING and PASSAGE this
.~rn~;/ , ~.
~day of
CITY OF BOYNTON BEACH, FLORIDA
Commi~ ioner
Commissioner ~-'
Commissioner ~ ~
ATTEST:
(Corporate Seal)
-3-