Ordinance 89-923ORDINANCE NO. 923
PROVS DI NGNF' T
acQUxsi'TioNRO UEpui FnENT,FA
w11EREAE, C y Commission of the City of Longwood
("Lessee"( has anteim toed that a need exvsts for the acquisition
of the equipment pursuant to a Finance Ag reemenT attached hereto
and tnc _ aced herern by reference; and
WHEREAS, the C ty ommvss ion o£ the C y of Longwood has
taken the necessary steps under applicable law to arrange for the
acquvs vtron of such equipment.
NOW, THF,RE FORE, HE IT ORDAINED EY THE CITY COMNIEEION OF
N 1: The City Commrss von of the C y of
Longwood, Florida, determines thaT the terms of said Frnancr g
Aqreement are vn the best interests of the City for CFe acquvs atron
of such equipment.
The C _ Commvss von of the City of
Longwood, Florida, designates and conf rrms rank xa y, Nayor, o£
the Cvty of tongwood, Florida, and Donald L. Terry, Acting City
administrator (or Gerr 2ambrv, Depuey Ciey Clerks o. Che C ty of
Lo g ood, Florida, to execute and attest respectively, the sand
FiaaaCe q ement ana anv relatea aoamanca necese r c0 one
cons ummation of the transactions soot p aced by the Fvnance
Agreement.
N 3: The City Comm assvon of the C y of
Longwood, Florida, pu rs unnt to the new tax laws hereby ae signaeed
the sand tinance Aqreement as ins ].idable within the $10,000,000 of
aggregate issues designated as qualified fvnanc ing for .t he calendar
year wvthvn which the sand Finanse agreement is entered.
Tn.s orainanee sna 11 eeeome effectiva immeaia<ely
upon final passage and adoption.
FIRST READING. ~-~~G~GGCy a? /'~~
GEGGND aEADIN : 7/ta.~<< 2 0 i e P 9
FASSeD AND ADORTED Tx:s 1o~DAr GF yic,~.,~
A. D., 1989.
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OR THE USe OF ANO ReIIAACE OF CNE
APPRUVEO AS TO FORM AND LEGALITY F
CITY OF LONGWOOR, FLORIDA, O
G.
ATTORNE~
Approved a d legality £or and reliance of the
City of Congwood~r Flor itl a, only.
d ~lor, J
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