O82-03ORDINANCE NO. 82-3
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 $ 3, 750~,000 BONDS OF
THE CITY OF BOYNTON BEACH, FLORIDA,
FOR PROVIDING FUNDS, TOGETHER WITH
ANY OTHER AVAILABLE FUNDS, FOR PAYING
THE COST OF DEVELOPING RECREATIONAL
AND MUNICIPAL BEACH FACILITIES IN THE
CITY OF BOYNTON BEACH CONSISTING OF
THE CONSTRUCTION OF A RECREATIONAL
BUILDING AND PARKING AREAS AT THE SITE
OF THE MUNICIPAL BEACH, THE CONSTRUC-
TION OF IMPROVEMENTS TO PRESERVE THE
DUNES AND THE BEACH, TOGETHER WITH ANY
EQUIPMENT AND LANDSCAPING NECESSARY
OR DESIRABLE IN CONNECTION THEREWITH;
AND DECLARING THAT THIS~ORDINANCE SHALL
TAKE EFFECT I[~4EDIATELY UPON ITS
ADOPTION.
WHEREAS, it is necessary that the City of Boynton Beach
develop recreational and municipal beach facilities, ~if the City
of Boynton Beach consisting of the construction of a recreational
building and parking areas at the site of the municipal beach, the
construction of improvements to preserve the dunes and the
beach, together with any equipment and landscaping necessary or
desirable in connection therewith; and
WHEREAS, to pay all or a Part of the cost of the above,
Lt is necessary 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 developing
recreational and municipal beach facilities of the City of Boynton
Beach consisting of the construction of a recreational building
and parking areas at the site of the municipal beach, the construc-
tion of improvements to preserve the dunes and the beach, together
with any equipment and landscaping necessary or desirable in con-
nection therewith, there shall be issued, subj,ect to the election
hereinafter provided for, bonds of the City of Boynton Beach,
Florida, in an aggregate principal amount not exceeding one million
seven hundred fifty thousand dollars ($1,750,000), maturing at such
-1-
time or times not e~ceeding 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' 2, 1982 in conjunction with the regular municipal
election to be held on such date, for {he 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
notfced once ina,newspaper of general circulation in the City of Bo~
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.
upon its adoption.
This ordinance shall take effect immediately
FIRST READING this ~
SECOND READING and FINAL
day of ~~,~4~ , , 1982.
PASSAGE this ~ day of
, 1982.
CITY OF BOYNTON BEACH, FLORIDA
Mayor
ATTEST:
City Clerk ~
(Corporate Seal)