O85-04ORDINANCE NO. 85.-~
AN ORDINANCE OF THE CITY COUNCIL OF
THE CITY OF BOYNTON BEACH, FLORIDA
AUTHORIZING THE ISSUANCE, SUBJECT
TO THE ELECTION HEREIN PROVIDED
FOR, OF NOT EXCEEDING $1,600,0000
BONDS OF THE CITY OF BOYNTON BEACH,
FLORIDA, FOR PROVIDING FUNDS, TOGETHER
WITH ANY OTHER AVAILABLE FUNDS, FOR
PAYING THE COST OF CONSTRUCTING A
PUBLIC WORKS BUILDING AND A PARKS
MAINTENANCE FACILITY, TOGETHER
WITH ANY EQUIPMENT AND FURNISHINGS
NECESSARY OR DESIRABLE IN CONNECTION
THEREWITH: AND DECLARING THAT
THIS ORDINANCE SHALL TAKE EFFECT
IMMEDIATELY UPON ITS ADOPTION.
WHEREAS, it is necessary that the City of Boynton
construct a public works building and a parks
~e facility, together with any equipment and
~gs necessary or desirable in connection therewith;
WHEREAS, to pay all or a part of the cost of the
it is necesary to issue the bonds of the City°as
.ereinafter provided; NOW, THEREFORE,
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF
BEACH, FLORIDA:
Section 1. For the purpose of providing funds,
ether with any other, available funds, for paying the cost
f constructing a public works building and a parks main-
enance facility, together with any equipment and furnishings
ecessary or desirable in connectioh therewith, there shall
issued, subject to the election hereinafter provided for
of the City of Boynton Beac4~, Florida in an aggregate
)al amount not exceeding One Million Six Hundred
Dollars ($1,600,000), maturing at such time or
not exceeding thirty (30) years from their date or
s as may be determined by the City Council, and bearing
t at a rate or rates not exceeding the maximum rate
permitted by law, and to be payable from unlimited ad
taxes.
Section 2. A special election is hereby-called to
be held on March 12, 1985 in conjunction with the regular
municipal election to be held on such date, 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 ~
1985.
SECOND READING and FINAL PASSAGE this /~ day 'of
1985.
CITY OF BOYNTON BEACH, FLORIDA
ATTEST:
(Corp. Seal)
mayor
Co~n'c il Member
~ou'nc i 1 Member
uncil Member