O85-03ORDINANCE NO. 85.-5
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 $1,100,0000
BONDS OF THE CITY OF BOYNTON BEACH,
FLORIDA, FOR PROVIDING FUNDS, TOGETHER
WITH ANY OTHER AVAILABLE FUNDS, FOR
PAYING THE COST OF RENOVATING THE CITY
HALL IN THE CITY OF BOYNTON BEACH .AND
CONSTRUCTING :PARKING FACILITIES TO
SERVE THE CITY HALL, 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
Beach renovate the City Hall in the City of Boynton Beach
and~ constructing parking facilities to serve the City Hall,
together with any eqipment and furnishings necessary or
desirable in connection therewith; and
WHEREAS, to pay all~ or a part of the cost of the
above, it is necesary to issue~the bonds of the City as
hereinafter provided; NOW, THEREFORE,
BE IT ORDAINED BY THE CITY COUNCIL 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 renovating the City Hall in the City of Boynton Beach and
constructing parking facilities to serve the City Hall,
together with any equipment and furnishings necessary or
desirable in connection therewith, 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 One Million One Hundred
Thousand Dollars ($1,100,000), maturing at such time or
times not exceeding thirty (30) years from their date or
dates as may be determined by'the City Council, 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 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 ~eading 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 ~ay be
inspected by the public and shall also advise that interested
parties may appear at said meeting and be 'heard with respect
to this o~dinance.
Section 4. This ordinance shall take effect
immediately upon its adoption.
FIRST READING this ~
1985.
12-
SECOND READING and FINAL PASSAGE this /~day of
CITY OF BOYNTON BEACH, FLORIDA
ATTEST-.
Ci'ty C~k
By Mayor /~~~w~.a~_~
V~ce Mayor
~3a~i I ~ember
Member
(Corp. Seal)
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