Resolution 88-625~ -~ ~~ ,P
RESOLUTION No. 625
ReSULUTION O HISSION O
PROVAL OFFRESO U
NO.L623WOA PROYUSEDG PLANAOF FINANCING TTNE
COST TFIE ACQUISITION OP E%ISTLN
P RODUCTOION, TRANSMISSION, STORAGE A GISTRIHU~
TION A FACLLITIES SEWERAGENDC ELECTION,
TREATMENT AND DISYOSALAFAC 2LITIES F INCOftPOAA-
TION INTO A REGIONAL sYSTEH A
SEWERAGE TRANSMISSION AND COLLECTO FACILITIES
FORT £ CSTY OF LONGWOOD e FLO
SERVICES CORP., CORPORATION OTAPO0.0n
AWS OF T FLORIDA;
AGREEING TO EACCEPTLA GAANTHE TTITLEF TO SUCH
T OP BONDS TO
URSUANT RTOI SUCHN P PROVIOIrvG AN
eeeecxlve DATE.
WHEREAS, the City Commission f the City o Longwood, (a:
the "Sponsor"1, on August 25, 19 8, passed Resolution No. 623,
ACQUISITION OF E%SSTI NG W I55[ON, STORAGE
AND DIST RIBUI'ION FACI IT[EE SEWERAGE COLLECTION,
TREATMENT PO£ADL NTO
TIONEOF $'L WERAG EGft
ITiESCO FOT CSTY OF LONGWOODSM OLORIADA
COMMON ITYNSERV SCEs CONP., A CORPORATION NOT FOR P
AWS OF THE s ATE OF FLORIDA; AGREEING T ACCEPT2E
TO SUCH F C[LITI£S UPON RETIREMENT OF OT NDS T
SEAISSU EDTPURSUANT TO s PLAN. PROVIDING AN EFF ECTIVE~ATE. ,
and,
Secti 1 and 2 of RE 623, APPROVAL OF
a~aAA eaovAL e ISSUeR A sssanF CmNON oe R counsaL,
BpONODSde fore approval of bonds subject [ orpor ation
~Floridd s Cocp.) s the Sponsor
(City ofsthe rC i[y of Longwood)tf oyi i approval the
form of mtL es[o of M rtyaye a prel iminacy
o£f icial enttushowing the u "T th et and aproceeds and
ingsa of ect Feasibility study prepared by a independent
natly cognized firm specializing i [ud ies and
approving c cttvlties of the co rpocat ionsand se lec[ion of
AS, of t solueion 62J provides for an
"Agr eeme t to Ac p Titte To Projec[", and
NEREAS, Section 4 entitled "NO Obligation of Sponsor"
pro~iaea:
otninq nereio e nea shall b eea t
any obiigatio~~~aireee, iNaire~esto -
ingent, o the par[ of the Sponsor [o pay zany
pact o Che o oP the P any expense
of t (operation of the Project o of such tinan-
inq~,eo o pay the principal o nd/or i
~ u<h propos ed bonds, o operateeCand
the Project ither i the of a
defaultnot failure by the Corporation o uch
the t nsfec of the Project [ et5pon-
eshall become absolute. ing any-
thing t the c ary hereinNSponsorta any t
prior t of the Honds c -
plated h mayaw thdrawcas Sponsor wi[houttany
penalty or costs o£[any kind."; and .
the Sponsor ~C ity of the ity of
Longwood),AS onduct ed a stigationtlnto the feasibility
and benefit Of Bard proj ect, nandve
WHEREAS, the ity of the City of Longwood has
determined t the pr ojecto~i t £easibile and will not benefit
the City of Longwood and its citizens; and
REAS, e City C o£ the City of Longwood ted
usly byta 4-O v Onday, October 3, 1^65 C to qo
foavard with Che p[oject as set forth in Resolution nNO. 623;
~ and,
WHEREAS, the desire of the City of Longwood to
officially repeal Resolution No. 623.
HE IT RESOLVED BY THE CITY COMM I99iON OP THE
CITY OFWLONGw000~
SECTION 1: REPEAL O UTION NO. 623. Resolution No.
623, dated the 25th day o£ Aug ue L 1989 [s ht reby eepealed.
N0. 623 of n rther force o effect.
solueionON 623SSha130be of no furtn erfforce and effect, the
City ongwood o fur en er make
tngl s0 to [ion 62;tio anar Che City
Admin iscracor c er he rebyftedirected tify the orpora[ion
(Ftozida Community Services COr p.~ of th is ndecision and cfurnish it
wiCh a copy of this Re solo tron.
aaopeea to is aay of october, lssa.
ccTZ connlssloN Oe Tne
clTZ oe Loncwooo
I, Cleik of the City Commission of the
City of Longwood, that the fox eg oing i
and e<t copy of HE BolutionRN 625 adopted by City
the s duly adopted and p sed a Regular
ingxoof the Commissionaon the day of October, and as the
same aope ars >n my office.
WITNESS YO and the Seal of City Commission of the C.i ty
of Longwood, th isWa day of October, 1988.