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Ordinance 87-852AN ORDINANCE O CITY COMMIBE ION OF THE CITY OF Z/J OODTi{FLORI DA, AMENDING AND SUYYL£MENTING ORDINANCE NO ]]3 OF THE C COMMISSION OF THE C F IANGWOOD, PLORIDA ADOPTED AUGUET 1 , 19860 WHICN PROVIDED F THE ISSUANCE a CITY OF I/JNGW0O0, F OF ITS WATER ANOTGEWER R SERIESDA 1986 IN THE AGGREGATE PRINC PAL AM OF $J,000,000; PROVIDING FOR THE MODIFICATION OF THE USE OF THE P OF 5 BONDS; ROVIDZNG FOA C NFLZ CTS, BEPARABI LZTY ANO EFFECTZVE DATE. WHEREAS, the City of Longwood, Florida by Ordinance N and Resolution No. 569, both adopted August 18, 1906, authorized the issuance of its W and Sewer Revenue Bonds to pay the cost of Ue c nstruction and equipping of improvements to its c ant Street/Skylark Wastewater Treatment Plant and to prepay pre us indebtedness incurred i n ectlon with its water and sewer facilities; and WHEREAS, said Bonds of the City of Longwood, Florida were ved and sold on August 26, 1986 to Sun Bank, National Association; and WNEREAS, due to circumstances not anticipated at the time of the Ss seance of said Bonds and beyond the control of the City of Longwood, Florida, it is e tally unfeasible, impractical and ould Impose undue hazdship upon the City oY Longwood, Florida to construct the aforementioned improvements; and WHEREAS, the City of Longwood, Florida has determined a alternate method of meeting the immediate need for additional astewater treatment capacity by entering into a agreement to purchase said additional capacity from Seminole County, Florida; ~ and , the City of Longwood, Florida desires t end Ord inanceN 3 to allow foe the u of the proceeds of the Bonds to pay the cost of the acquisition of additional was tewater treatment cs paci ty and the cost o£ nstrvcting and equipping O£ certain facilities in connection therewith; and NOW, THEREFORE, HE IT ENACTED BY T}IE CZTY COlMIHSION OF THE CITY OF LONGWOOD, FtAR2DA, AS FOLLOWH: SECTZON 1: The City Commission of the City of Longwood, Flo rids hereby declares that the acquisition of additional astewater treatment capacity in the am unt of up to 500,000 gallons per day i n immediate need to protect the public health, safety, andawelfaze of the residents of the City of Longwood, Florida by preventing any public health hazard from rrlnq and will se valid public purpose. The City mmission further declares that it would not be in the best interests of the city of Longwood, Florida to delay the purchase oP additional wastewater capacity and the acquisition and the construction and equipping of improvements associated therewith. SECTION 2: The City C mmission of the City oP Longwood, Florida hereby makes the determination that it Ss in the best interests of the Clty oP Longwood, Florida and its r silents to apply the proceeds of the Hands to the payment of the costs oc rated with the purchase of wastewater treatment capacity in the amount oP up to 600,000 gallons per day from Seminole c unty, Florida and to the payment of the costs of the c nstructlon and equipping oP certain improvements a oersted therewith, nclvding, but not limited to,, the construction and equipping of a master lift station. SECTION 3: The Clty C mmission of the City Of Longwood, Florida hereby a ends Ordinance NO. ]]3 t [eflect the modification of the use of the proceeds of the bonds as provided herein. SECTION 6: The City Commission of the city of Longwood, Florida hereby authorizes the Mayor to a cute and deliver o behalf of the city oP I.ongweod, Florida any and all documents deemed n nary and proper in order to effectuate the purposes of this Ordinance. SECTION 5: A11 ordinances, or parts of ordinances, iP Onf lict heeewith a e hereby c celed, a nulled, and of no futther force Or effect to theaextent ofnsuch con El ict. EECfION 6: ZE any section or portion of a section of this ordinance proves to be invalid, unlawful, or u onstitutional, it shall not be he them sintiondaP thisimpdinance,validity, force or effect of any o ec o or SECTION ): This Ordinance shall became effective iminedi ately upon fts pa ssa9e and adoption.(. ~A- FIRST REAOING:jE~~~,//// /4%i /r/P 7 SECOND READtNG: y~ z ~ I~1.P7 TH IRO READING: PASSED AND ADOPTED TN [S~`~~`A~YOO~F '/~'~/~"/// 198) Mayors G'ty of Lo wood, Fl on tla ATTEST: