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R96-121RESOLUTION R96-/,~/ A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF BOYNTON BEACH, FLORIDA, PROVIDING THAT THE CITY'S STORMWATER RUNOFF COLLECTION, TRANSMISSION, TREATMENT AND DISPOSAL SYSTEM SHALL BE INCLUDED WITHIN THE "UTILITY SYSTEM" AS DESCRIBED IN THE CITY'S UTILITY SYSTEM REVENUE BOND RESOLUTION (RESOLUTION NO. R92-96, AS AMENDED); AND PROVIDING AN EFFECTIVE DATE. WHEREAS, the Utility System Revenue Bond Resolution (R92-96, adopted June 16, 1992) defines "Utility System" as the existing water and sewer system together with "any improvements, including any improvements consisting of a stormwater runoff collection, transmission, treatment and disposal system as shall be designated by the Commission as being included in the Utility System..."; and WHEREAS, the City's stormwater utility should be consolidated with the existing water and wastewater utility, and the three will operate as a single economic entity under the terms of said Bond Resolution; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF BOYNTON BEACH, FLORIDA, THAT: Section 1. Effective October 1, 1996, the City's stormwater runoff collection, transmission, treatment and disposal system shall be included within the "Utility System", as defined in Resolution No. R92-96, adopted by the City Commission on June 16, 1992 (the "Utility System Bond Resolution"), all as authorized and contemplated by the Utility System Bond Resolution. Section 2. That this Resolution shall become effective October 1, 1996. PASSED AND ADOPTED this ATTEST: day of August, 1996. CITY OF BOYNTON BEACH, FLORIDA Commission Commission _~___~ ~ Commissioner