Ordinance 88-903e of
FLORIDA, PaovIDINGE FOAlE
ACQt1I SITION O£NEgUOPMENT, P
wHC REAE, the City Commission of the City of
Longwood ("Lessee") has Bete rmrned that a true antl v y real
need ex us is for the qua s.utuon of the equipment described
vn The Mun acipal Lease and Option Agreement attached hereto
and incorporated herern by reference; and
wneftens, the city commrse ren of ene c y of
Longwood has taken the neces=_a ry steps, rnclud ing any legal
budding equr remen [s, under applicable law to arrange for
The acquisition of such equ ipmen e.
OF THE CITY OF LONGw00D, AS FOLLOWS.
I: The City Comnirssron of tRe City of
L g od, Florida determrn es that the terms of the said
Munuc ipal Lease and Option g ement are vn the best
rnterests of the C ty oz the acqu.vs atvon of such equipinen t.
SECTION The City Commission of the City of
Long DDd, Florrda ae g tes and confvxms David Gunter,
Mayor, of the City of Longwood, Florida, and Donald L.
Terry, City Clerk of the City of Longwood, Florrda, to
execute and attest re pe trv y, the said Munr pal Lease
ana p on Agreement ana anv ralatea aocnments neresaa y to
the consnmmat~.on of the tranaaCtrene coot p tea by tna
Meer p Lease ana option Agreemenc.
N 3: The City Commission of the City of
Longwood, Florida, pursuant to the new tax laws hereby
designates The said Municipal Lease and Option Agreement. as
,~,r maanle wrtnrn Tne slD,ooo.ooo of gg s e rssaes
ae g eed as qualified £in anc ing for the calendar y ar
within wRicR the sa rd Mun rcipal Lease and Option Agreement.
vs entered.
This oedinance shall become effective
immediately upon final passa qe and adoption.
FIesT aFADINC l'u f /S /9~~
secouD eFADF~ ~ -~~- ../ E- 1/ /9.vs~
PASSeD Arip ADOPTCD THIS ~P D x OF~ 0., 1988
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