Resolution 80-409A RESOLUTION OF THE CITY OF LOSGSOOD,
FLOAI➢A, APPROOING P E NO.
102, T D TOR�OGIDANR/SE INOLE
COUNTY, AND AUTHORIZING T UTION
REOF, AND PROVIDLNG FORECERTAIN
MATTERS RELATED THERETO, AND FOR AN
EFFECTIVE DATE.
WHERBAS, the City of Longwood, Florida
Longwood has levied, established and filed final assessments foe
and installation of water lines, drainage and sewerage lines within .1
Longwood Industrial Park, against the persons and property and in
the amounts set forth in tho final assessment ro11 attached hereto
as Exhibit A. (The assessments therein provided shall hereinafter
be s g.larly and Collectively referred to as "the Assessments");
WHEREAS, the City has rcce — the proposed form of
promissory note payable to Com3ank/Seminole County, a copy of
which i0 attached hereto as Exhibit B (hereinafter the "PromiOIlly
WHEREAS, it is necessary, proper and desirable, and in
the interest of its Citizens that tha City execute the Promissory 1
Note, and obtain the proceeds Of the loan represented thereby for
use by the City for the lawful purpose of paying the costs of the
aforesaid improvement project;
NOD, THEREFORE, BE IT RESOLVED BY THE CITY COhLMIESION
OF THE CITY OF LONEWOOD, FLORIDA, AS FOLLOWS.
1) The form Of the Promissory Note is hereby
approved, and the M,yor and the City Clerk are hereby authorized
I. execute the same on behalf of the City If Longwood, Florida,
as well as any other documents required in connection therewith,
and such note, when executed, will constitute a valid and binding
obligation of the City Of Longwood which can lawfully be paid in
accordance with its terms.
2) Th. —r—id Resolution No. 395, Resolution
No. 402 and Resolvtion No. 400, and the Assessments are in full
force and effect, and no proceedings have been brought or
threatened to challenge the legality, validity or sufficiency
If the same. The unpaid principal balance of each Apse ss —,
and date from which interest has accrued thereon, as set forth
on Exhibit A, are tt— and correct. The Assessments have been
duly recorded in the improvement Lien Book of the City, in
accordance with the requirements of 9170.08, Florida Statutes.
3) The Assessments have been prepared and per-
fected in full compliance with the provisions of Chapter 170,
Florida Statutes, and each If the Assessments is payable and i
entitled to the priority and dignity it forth in y170.09,
Florida Statutes as a special assessment lien. The payment of
all amounts due under the Promissory Note is, and shall be secured
by a pledge of and a prior lien upon the gross revenues derived
and to be derived by the City from the As —sme — The City
hereby irrevocably pledges such funds to the payment of the prin-
cipal and interest on the Promissory Note at the times and in the
manner prescribed therein.
4) The City covenants that it will protect, uphold,
and defend the validity of the Assessments and the legal priority
Oh -and status of the liens sec urinq the same against all persons
and that, whenever appxcpxiate, it will inrtrate proceed-
ings under 5170.14, Florida Statutes, as required to establish and
marntain the validity of the Asstssmants and the enforceability of
the liens securing payment of the same, in addition to any other
and further obligations it may have hereunder or under the Promis-
sory Note.
5) The City covenants that it will utilize the
proceeds of the loan represented by the Promissory Note only to
pay the cost of the improvement project as defined in the said
T
Resolntion No. 4H, o , if not required for that purpose, to
covenants that it will complete the improvement project e
peditiously, so that the same shall be formally accepted by
the City not later than August 8, 1981, in any event. She-
- cost of completing the improvement project fee any reason
exceed the amount of the Assessments, the City covenants that
it will nonetheless complete the improvement project —,edi-
tiously, utilizing other funds If the City legally available
for such purpose to fund such deficit, if any.
6) This Resolution is, and shall constitute a
contract between the City and the holder of the Promissory Net,;
and the covenants and agreements herein set forth to be per-
formed are and sha11 be for the benefit, protection and security
�) xf any one or mor, of the covenants, agree-
ments or provisions of this Resolution should be held contrary to
any provision If law, or shall £or any reason whatsoever be held
invalid, then such covenant, agreement or provision alone sha11
be void and shall be deemed separate from the remaining covenants,
agreements or provisions of this Res oluti.on.
9) Should it be determined by competent authority
ment. of intangible tax or documentary stamp tax is required with
respect to the Promissory Note herein authorized, it shall be the
obligation of. the City to ply the same; provided, that the City
ILI L", —h 1--Ij 1m1
mL, th,,
pose b, I P-11 191—Y th, SLILI
by th, Cit, Cllli—L—
m�mTT,
0 '
RRER -
.loly, and Helen
910 Gl>emsey Ave.
Sec. 06, 1 p 215, 230E, BfG
1O1,442 sg, ft.
.31 $33, 30J.00
Hage
Orland , F1.32804
100 FP E + 311.31 m S OF IJE
NW 1/4 OF NW 1/4 RUN S
119.931 FP E 550 IT N 179.931
w 244 FP N 100 I E 294 F'P
Pembright Nano-
factoring
st Offirn e:- 899
inng.[nd, F1. 32J50
N 20 FP W 366 FS 5100 Ff W 189
Sec. 06, 1WF 215, Rqe 30E, eIX;
Al 482.31
58,050 sg. ft.
.31. 17,996.00
Co.
c/o lbdd
I E ♦ 1 N OF SW
OF NE 1/4 OF Mi 1/4 RUN N 430
OJR
Cexton Inc.~
FP E 135 FP S 430 FP W 135 FP
O t_
[avid Oarctxee,
3J28 FRhe,4ater Drioz
06, 1Wp 215, Pge 30E.
59,029 sq. ft.
.31 1G,>49.00
rvstee
Orland, F1. 32604
BEG IN F £ OF SW COR OF NE
1/4 �I 1/4 RON N 432.37 FP
E 125 432.099 £'P W 124.999
E. ttin90
135 W. [a
Fem Pazk, Fl. 32730
IS
FP 10 BEG
16, 1- 215, w3e 30e,
920
29,459 sq. ft.
.31 9,132.00
aurzmce
N FP OF
E 420 E'P' M9 1/4 [4AV W
190.9J6 FP N 148.506 FP E
198.3It P'L 6 148.935 FP 10
mac.
plum All, Inc.
3215 W. 35th Strut
06 TOP 21S R9e 30£, BEG
107,890 sq. ft.
.31 33,446.00
11an1,F1. 32114
3501 E11-111/4
M4 1/4 — 411.33 1 E
250 Ff S 431.29 FS W 250 FP
Nary K. and
uis H. 'Ibtrro
Nait—, FFl. 32751
Sec. 06 1wR 211 sale 30E BEL
912. 37 505 s
29,000 s9. ft,
.31 e, 990.00
f'P N + E OF SW
OF NE 114 of-1/4 RON E
145 FPS 200 111 Ft N
United M6 1
Post Office [bx 261
200 Ft 10 BFG.
Sec. 06 1Wp 21S Ike 30S BEG
32,014 sq. ft.
.31 10,1J2.00
Fabricating, Inc.
Iong�,m3, F1. 32J50
482.3J FP N i 599.832 IT W
OF . — OF NF. 1/4 OF MJ 1/4
IIlRV W 94.832 n N 230 FP E
145 FP S 179.833 FP SYS.Y ¢4
r�
� wmRFss
n�smxuE, nnw: AssesamaT Emcu
ttrac sQuwlc rEE'.T
ge z
eR Fw� 1vrAc
S. P id: and
2412 Tuscarora Trl.
Sec. 06 TWP 21S Rge IOE BEG 75,834 e ft.
.31 $23,509.00
bare D. O'Brien
Maitland, F1. 32751
546.26E R N Ot SE C1{R O£ NE
1/4 OF MJ 1/4 IIIIN B 121 FT w
N 555.E FT N 48 OEG.52 —
23 S W 9).864 FT N W CTIINE
62.532 FT 10 RP w OF BEG E 618.
ssal Florida
200 Mingo :rail
847 ET
Sec. 06 1e 21S E43e 30E eEG 27,756 s £t.
.31 ,604.00
Trophy [bxp.
Inng 3, F1.32750
271.545 FT S + 420 tT W OF N
1/4 C MM W 198.316 M N 140
£T E 198.203 S S 140 FT 10 HE'. -
—id @netree,
3728 Wg—ter Bril
c 06 Rwp 21S Rge 30E S 530. 68,813 sq. ft.
Al 21,332.00
Trustee
Orland , F1. 32804
"15" FF1i OP N.02.031 FP OF
e 129.654 FT OF MV 1/4 OF NW 1/4
+ W100 r OF NE 1/4 OF N/W 1/4
(It_ S 912.37 £T + PT 1N + N
Rush Nagrton
3000 Lxluatrial
0£ FEAYVE'.5 SORE)
06 TWp 211 Rge 301 ts.G 73,209 ]. ft.
.31 22,695.00
L.9v , F1. 32750k
420 F S OF NE COR OF NE 1/4
� MV 1/4 HI W 618.467 FT S
130 FT E 618.594 FT N 130 FT
lU HEL.
Florida —gift
It, 3728
Sec 06 Tl 21S Rge 30E HEG 40,500 sq. ft.
.31 12,555.00
c/o �Vid A. LFiKtree, Orland, F1. 32804
550 FT S + 258.59 FT W OF NE
Trvetee
OJA OF NE 1/4 OF MO 1/4 RUN w .
IN.004 ET 5 245 FT E 180.257
FPN245FT10—
Rnss Simply, Inc.
reet
F1. 12t—
c 06 1Wp 21S Rge 30B BEG 25,300 sq. ft.
370 482. 37
.31 7,843.00
rm,gxvil,{
FT s FT N OF Sta
OF VE 1/4 W rT 1/4 R E
135 F'.0 N 230 to 135 n 5
230
Florida Schm1
150 B ge Street
FT Zb BEG.
Sec 06 1Wp 21S Pqe 30E BEG 100,100 50. ft.
.31 31,031.00
B.vk Fairs, Inc.
Lany..m3 Industrial
599.997 FT E + 431.29 FT N OF
Park, I1mg.,dd,F1
32750
SW COR OF NE 1/4 OF MV 1/4 RON
S 431.29 FT E 249.998 I N
372:11.3 FT w 105.629 1 N 4.S
BEG. 52 lIIN. 23 SEC. lJ 116 —
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Y
N05
PAIUC h55FS3�rs Rsi
LE(TL �'�� SC�UARE FCET ER £WP
�� ge 3
10PALea
GL,s S, and
-I [4i Trail
Sec 06 T. 215 Rge 30E BFG 20,250 sq. ft. .31
6,278.00
Nuddlyn Patterson
Icngwxd, 11.11"1
550 1 S + 528. 594 FT W OF !S
NE 1/4 OF M 114 RUN
90a[TFS 245 Fe E 90 i N 245wFT
TO
thOny and
Parbara Cazione
37 Grayson Orive
D Hills, Inng
.cc 06 Tdp 21.5 Pq 3DE e 225 53,956 .sg. ft. .31
E OF stiff — OF R 1/4 OF Ma
16,739.00
island, N.Y. 11—
1/4 RUNE 124.999 FT N 431.8E FP
W 121 FT- 1432.099 FT TO BEG.
Willies ti. and
516 [VinrLmadoxs
sec 06 Tw 21S Pge 30F. BEG 550 63,386 e ft..31
19,650.00
Frances Dane
Altanonte Springs,
FT S OF . COO OF NE 1/4 OF NW
Florida 32701
1/4 RON 41 258.59 PT S 245 FT E
258.85 FS N 425'1 - BPG.
1Might "1. Co.
t Otfice rox 899
Sec D6 Tap 211 age 111 11 235 22,111 s - .31
1,12111
I�mgamd, F1. 32711
FT E + 612.37 Ft N OF SW COA OF
Ns 1/4 OF - 1/4 _, N 200 FT E
135 FT S 200 FT W 135 FS TO BEG
United woxA.nzking,
380 Sansu Strst
Sec 06 awp — lye 30E 6EG 370 22,OD0 53. ft. .31
6, 820. 00
Inc.
Icnoxmd, F1. 32]51
OT E + 712. 3) FT N OF SW COa OF
NE 1/4 OF M4 1/4 111 E 135 FT
N 200 FT W 135 FT s 2DO FT TO BEG
Delta Valve
611 Fox Valley Drive
sec 06 TWp 215 Rge 30E BEG 235 11,000 sq. ft. .31
3, 410. 00
£Y,texprises, Inc.
S g—t, F1. 32750
FT E + 812. 31 FP N OF SW WA
FCF
NE 1/4 OF M4 1/4 AUN E 120 FP
N100 FP w 120 PS S 100 FP TO BEG
SG HnNtGs 1RUST CO.
st Offirn B— 955
ec
S06 TaP 215 lye 30E BEG 550 20,2.50 vt, ft. .31
6,2'18.00
TRWSTEF
Orlanrb, el. 328D2
+ I I.— FT IS COR
NE 1/4 OF Ma 1/4,RUN 5 245
FP E 91 N:!41 FT to 90 t• 14 BEG
PD48[tfGHT �¢G. CO.
t nffi, — 899
. 06 TWp 215 Rae 30E BEG E 14,3DO st, ft. .31
4,433.00
VW.0—, Fl. 31751
100 FT + N 482.37 FT OF S19 COI, OF
NE 1/4 OP N 1/9 R0N N 430 FT 19
50 £T s 430 IT E 50 FT TO BEG
1VTAL 1,117,111 sg.ft. x .11
= 1327,111,11
ESTII1STfD UST OF
SQUAaE FEET
IMPRM:M¢TPS $324,351.00 - $0.307/sq.ft.
1Zi9;7 %�
TOTHL
C4' PFd3PERPY
/ =1191T B TO RFSOL N0. 409
September 9, 198D
No. 102 $324,351.00
CI1 I' LONGWOOD, F IDA
OMIBSORY NOTE
FOR VA RECEIVED, the City of Longwood, Florida (here
Wafter called r"), hereby promises to pay to the order
of C--k/Seminole County (hereinafter "the Holder"), its s
signs, a s principal office in the City of Casselber
Florida,aor such {her place as the Holder hereof shall designate
my -four Thousand Three Hundred Eifty o and No/100 Dollars
($324,351 M , together with interest on such principal sum at the
payable i equal a ual installments D£ principal, plus c
a ...
interest c ill onn September 9, 1981, and o the n nth day
of
September in each succeeding yeae, until paid in fulls
September 8, 1980. This P ory Note shall be payable from, _
and shall c tote a firstmlien upon all r and r eipts
by the i rs£rom those certain special a ent liens eestablished
by R solution N 408, which w s duly adoptedsby the Issuer o
September 8, 1980; provided, that if such special a t liens
shall be determined to be i valid o enforceable,si swhole o
past, by a of competent juri8diction, then the i shalln
forthwith appropriate and pay the remarnr g principal balance
ved fromother than ad valorem t provided further ,
that thisPromrs s ory Note is not, and shall%notocons.it— a general
right t require e orl the of the power of the I
to levy ad valoremtaompe
xes for thermen payt of the principal tf ano
D ANY PERSON liable therefor o refuse to pay
any a SD£0principal or inter t due undexmany of the afo aid
and if such default shall c e for a periodi
mofts xty (60) days, then the I ants that i will
mmediatelyr thereafter i e pro eedi'— ton co llect allta nts
dua i the n r pre. cribedtin §1)DC10, P10rida Statutes, and u
thereafter than will e peditiou.ly prosecute such proceedings
to £final determination.
.H.-C ANY PERSON prepay all or part of any If the
aforesaid a the 2 e hereby c that i ill
mmediatelysturnmover to thesHolder all proceedstIf such prepay-
ISSUEa c that i will n forgive,
reduce, " defer any payment taus fromtthe personeli able therefor
under the aforesaid a ents, o apportion o release the lien
If any such a eupon the real props ity e cumbered thereby
cept u sips o£spayment of the full s
m
a of each uch
anasi ved thereon, andthat i will m intain
books sandtr orris toe a l lapayments due or paid uIdertthe aforesaid
swhich books and x aids shall be open to inspection
bys the -lb— hereof at all reasonable tr.mes.
EVENT that a default should o the payment
of principal o t due hereundez, o thexperformance of
the I undertakings herein, o the s -
solutionoN s 409snandsi xthe e any suchrde fault sh . not
be c red within thirty (10) days following the I eipt o£
thereof, the e ing p incipalsbalance and
allta uedii shall, a athe option of the Holder,
become sane andtpay,bieha one any action brought to enforce
its rights hereunder o undee —is aid a solution N . 401, the
}ioldez hereof-1bere itled t abbe c
and s fees of and from tFe l red i any a
broughttbynIt. Holder onany�s default, i ddi ati—
to any othe — furtherreli If toowhi- the bolder may be entitled.
Y CERTIFIED, r tea ana d,ilered by the
Issuer thatia11 a ondi tions andst ings required to e , ho
happen, and to besperfozmed precedent to and i ith the
of this P ory N , have hapPenea,rand shave
beenaper£ormeI i regular andoaue formtand t required by the
laws and c of the s of Flori dam ands the ordinances
and x solutions toff the 2 applicable thereto, _'that the
oryeN _'does n iolate any C nal
oryt l imitationsor provision of any ordinance or resolution
of thetxssuer.
c
ITNESS NIt R£.OF, the I z Fas i ved this P ory
and has d the s o be signed by i Mayor, and it,
orporate se al aseto be impressed hereon and a ested an s
signed
r by i sCity
Clerk, all as of the ninth day of Septemberll—
CIT O GWOOD, FLCRI
dTTIISTE�:A �O COINTEasIGNEDe ayoz, Cnty o Longwood, oriaa
C�1[y Tlet/--e