Ordinance 92-1075ORDINANCE OP T ONGWOOD, FLORI-A, AME
EE CITY OF L NOING
SECTION 5-2(r)(2) OP CEAPTER 5 OF THE CITY CODE AMENDING
ROVIS20N5 RE ANCING OP WATER AND WASTEWATER
ISTANCE PAN ~ PROVIDING FOR
CONPLICTENTSEVERABILITY AND EFFECTIVE GATE.
NOw TNEREFO , E IT ORDAINED BY THE CITY COMMISSION OF THE
CITY OF LONGWOOD TtlAT:
SECTION 1 ectron 5-2(r)2 of the Longwood City Code shall be
amanaea to road as follows:
(2) Existing building owners may Finance their Longwood Water
and Wastewater 0 Vel ooment Assistance and Nook-up Feea i
onthly tallment payments pay their total
appl is able nfees in full within thirty (30) days after
ectron. Deferred payments shall bear est
charges o£ two (2) per cent above the c ent pximetrate,
es<ablis hed by S ank, N nal Association a of
e first of each year, o theio anding balance and
interest charges owed (with paymentt change to go into
effect Suly first of each year). The first payment shall
be tlue within o e (1j month (thirty (3 D) tlays) of the
date of c and o ach s eeding month for a
total loan period not t0 exceed ten c(10) years.
ION 2' Conflicts. All ordinances or parts thereof rn
conflict herewith, be and the same are hereby repealed.
ON 3: Severability. Should any section, paragraph,
clause, sentence, item, word, or provision of this Ordinance be
declared invalid by a court of competent jurisdiction, such
decision shall not affect the validity o£ this Ordinance as a whole
or any part hereof, not so declared to be invalid.
SECTION 6: Effective Date. This Ordinance shall take effect
upon final passage and adoption. n / ~yln
FIRST READING: ~) ,~~
SECOND AEA-ING:~M: Q ~ /~~
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