R92-114RESOLUTION R92-//~
A RESOLUTION OF THE CITY COMMISSION OF THE
CITY OF BOYNTON BEACH, FLORIDA, AMENDING
RESOLUTION NO. R92-102.
BE IT RESOLVED BY THE CITY CO~4ISSION OF THE CITY OF BOYNTON
~EACH, FLORIDA~ AS FOLLOWS:
Section 1. Resolution No. R92-i02, adopted by the City
~ommission of the City of Boynton Beach, Florida, on June
!9,1992, (the "Resolution") is hereby amended as follows:
(a) Section 8 of the Resolution is hereby amended in its
entirety to provide as follows:
"Notwithstanding any provision of Section 208 of the
Bond Resolution, proceeds from the sale of the Series
1992 Bonds shall be applied to make deposits to the
funds and accounts established pursuant to the Bond
Resolution and the Escrow Deposit Agreement pursuant to
a certificate signed by the Finance Director at the
time of issuance of the Series 1992 Bonds. No deposit
shall~be made pursuant to Section 208(c) of the Bond
Resolution."
(b)
Subparagraph (B) of the fourth paragraph of Section 11
of the Resolution is hereby amended to provide in its
entirety as follows:
"Amounts in the reserve account in the amount of
$4,578,084.00 shall be applied to make deposits to the
funds and accounts established pursuant to the Bond
Resolution and the Escrow Deposit Agreement pursuant to
a certificate signed by the Finance Director at the
time of issuance of a Series 1992 Bonds."
Section 2. This Resolution shall take effect immediately
)on its adoption.
PASSED AND ADOPTED this /~ day of July, 1992.
~TTEST:
Bond. Amd
7/16/92
CITY OF BOYNTON BEACH, FLORIDA
C mmlsSl~r
APPROVED AS TO FORM:
Cityl Attorney