Resolution 191RLSOCUTloN NG /9/
LOTION OF THt' CITY OF L
E OF A SEWER IMPROVEMENT
NOTE OFETHE CI TYIOFULONGWOOD, FLORIDA, IN THE
OUNT OF 536,000 A
MATURITY, I1vTE'AE ST RATE AND OTHER
DETAILSMOF SAID NOTE.
r
WhtALAE, by an Ordinance duly adopted on the 21st
day of October, A. D., 19J1, the City Council of the City
of Longwood, Florida, authori Eed the issuance of a 536,000
City of Longwood, Florida, Sewer System Improvement Note
payable to the South Semrnole Rank, Fern Park, Florida,
to ££nande the coat of the eonstruduon ana acquisition Of
aaaiciona, extansiona ana improvements to the waterworks
System and Sewer System operated and/or contemFlated by said
City Council of the C y of Longwood
o authorize the Mayor and City Clerk
is and do all things necessary to
of the said loan;
RE, B& ST REEOLVE'D RY TH& CITY COUNCI
D, FLORIDA, AS FOLLOWS:
That in accordance with the aforesaid
r
authorized to execu ss and deliver the City of
Longwood, Florida, Sewer System Improvement Note as aescribed
in Che said Ordinance in the principal amount of 536,000.
N 2: TRat the said Mayor or substitutes
aforesaid and City Clerk are hereby authorized to execute all
other documents necessary to effectuate the closing of the
Bard loan and <o pay clos g osts as q red not to exceed
3/4 of 1%, said loan t0 be secured by a pledge of an p or
lien on all the water revenues of the Waterworks system and
the Water Utilities Services taxes resulting therefrom, all
in accordance with the provisions of said Oid finance.
SECTION 3: This Resolution and the Ordinance upon
which it >s based shall be deemed to be and sna11 constitute
a contract between the City of Longwood, Florida, and the
sontn Seminole sanx.
N a: That tnis Resolution aha11 taxe etteot
,mmeaiately.
PASSED AND ADOPTED this S/-} day of 0<SS (>!2
A.D.. 19]1.
cxTY ~LERR
MAYOR of the City of
Longwood, Florida
EST: ////
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CC ST%~