Resolution 83-498RESOLUiTON NJ. 498
A RE~LIITION OF THE CITY aJMIIESION OF THE
CTTY OF I.(h~S'F.WD, FIDRTR4 AIttT®RIEZNG 11iE
~„ Ivcsic of Try Quesaaa As To l~xertmx Tom,
CPLY OF LONR~OOD SfDtILD FSNNCE A FIVE YE:R
CAPITAL ILPROVFTF•NL IRO(1<AM THFDUQi TtiE
ISSUE OF A MUNICIPAL EOND ON TkE'. BALIDT FCJR
THE GENERAL LTFCCSON SCfO:•DU1ID lUR DECFNBER
6, 1983 FtlR DECISION OF THE CTTLZFNE OF
IDNQLUD AND FIIIUHETt,AULNGRIZING THE CITY
ARfINISLRATOR "ro ARPALGE FOR T1~ SERVICES OF
A BC[m WIIl~SEL FDR GUIINNCE ANO ASSISFANCE IN
THIS tNDE4VOR
WHEREAS, the City Cmmission of the City o£ Im~gmd, FLarida,
has tentatively approved a Five Year Capital Inq~rovarents rtograza; and
Wf~i?E4S, the City Ca;missim of the Ciry of iopgrood, floxida
has co;midered the possibility of finding the Five Year Capital Iaprwe-
ments Program through the issum;ce of a M:micipal Fond to be financed
r by Ad VaLttem Tax xwem;es; and
IWIERREAS, ebe Gmstitueim of the State of Florida requires that
any nemicipal bond .financed through the levy of Ad VaLoren Taxes be
approved by the cs.[.i.zens of the CamemiTy by refermd;v;; and
WI~RFAS, it rs necessary and desirable chat the City of Inngood
appnine a Bond Co:msel to provide the necessary legal expertise az~d guidance
required to plan the issuace of a Nhsicipal Bsnd.
NAJ, 1YlEREEDRE, BE TT RE9JLVED BY THE CFTY CQMIISSION OF Tk~ CI1Y
OF ID133.TpD, FiARIDA, THAT:
1. The Ciry Cmmission of the City of Ionquwd does hereby approve
placing the question of cfiether the City of lor:good shautd issue a msicipal
~ bond to finance ehe proposed Five Year Capital Improvements Pxogran by
placing an additiw;al. levy m PA Valoren Taxes m the Ballot far the General
Electim co be held on Decerbex 6, 1983
2. Rye Ciey Cwmdssim o£ the City of tRmgwxd does hereby approve
the follwing projects for the Five Year Capital Leproverents Progr~n:
YROPJSED DEPAR1MEtST YEAR TO BE £xPENDZTCRF.
PRIORITY AC~LIBti®
rm m; cipal Building Constxviceion
1 Cw;mniry Building 1984 $100,000.00
2 Nhmicipal Gmglex 1988/89 $400,000.00
Public Works
1 8idesall;s 1984 $100,000.00
2 Road Imprwea:mt and Paving 1984 $250,000.00
3 Drainage 1984 $225,000.00
4 land Acquisition 1984 $110,000.00
5 VeMCle Repiacarent 1985 $ 50,000.00
6 Parks L;proverent 1985 S 50,000.00
Public Safety
1 Sadder Muck 1984 $ 25,000.00
2 Canine Corps 1984 $ 40,000.00
3 Vehicle Reolacmwne 1985 5 50.000.00
3. ltat the City G ussion hereby approves the selection of
a Bond Cassel to assist t}me City Ccmnission to preparing t}me issue eo
be determined at the General Election on DecerSer 6, 1983 ar~d eo provide 1
coneinued guidance and legal camsel rlrcoughwt the issuance of the
rtasicipal bond i£ such is approved by the electors of ehe City of IQngrood.
PASS® AND APPROVED THIS /~= u4Y OF AWR15L, A. D. 19-8e3.:-~.~,~,~_~ _~
y ity o 1S ih
ATLESL:
~~