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HomeMy WebLinkAboutCity of Tamarac Resolution R-98-207Page 1 Temp. Reso. # 8331 Rev. # 1 — 07/06/98 CITY OF TAMARAC, FLORIDA RESOLUTION NO. 98-�O A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF TAMARAC, FLORIDA APPROVING A REFERENDUM QUESTION FOR THE ACQUISITION AND CONSTRUCTION OF A SENIOR AND COMMUNITY CENTER TO BE FINANCED BY THE ISSUANCE OF GENERAL OBLIGATION BONDS IN AN AMOUNT NOT TO EXCEED $3,250,000 AND PROVIDING FOR THE LEVY AND PLEDGE OF AD VALOREM TAXES TO PAY FOR THE PRINCIPAL, INTEREST AND OTHER ALLOWABLE COSTS OF THE GENERAL OBLIGATION BONDS; PROVIDING THAT IF THE REFERENDUM IS APPROVED BY A MAJORITY OF THE ELECTORATE, THEN THE CITY COMMISSION SHALL HAVE AUTHORIZATION TO PASS, ADOPT, AND APPROVE ADDITIONAL RESOLUTIONS OR ORDINANCES PROVIDING FOR THE ACQUISITION AND CONSTRUCTION OF THE SENIOR AND COMMUNITY CENTER, THE ISSUANCE OF THE GENERAL OBLIGATION BONDS AND THE LEVY AND PLEDGE OF AD VALOREM TAXES THEREFORE; PROVIDING FOR CONFLICTS; PROVIDING FOR SEVERABILITY; AND PROVIDING FOR AN EFFECTIVE DATE WHEREAS, Sections 7.13 and 7.16 of the Charter of the City of Tamarac (the "City Charter") require that the City of Tamarac (the "City") obtain approval of a majority of the qualified electors voting at a special or general election prior to undertaking any capital project involving a cost in excess of two and one half (21/2) percent of its current general and enterprise fund budgets or the issuance of bonds therefore; and WHEREAS, Article VII Section 12 of the Constitution of the State of Florida provides that the City may issue general obligation bonds only when approved by a majority vote of the qualified electors of the City; and Page 2 Temp. Reso. # 8331 Rev. # 1 — 07/06/98 WHEREAS, the City Commission of the City of Tamarac (the "City Commission") has determined, pursuant to law, to give the electors of the City the opportunity to vote on the issue of whether the City should issue general obligation bonds and use the proceeds to acquire and construct a Senior and Community Center and to pay associated costs; and NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF TAMARAC, FLORIDA: SECTION 1: The foregoing "WHEREAS" clauses are hereby ratified and confirmed as being true and correct and are hereby made a specific part of this Resolution. SECTION 2. Proposed Referendum: The following referendum question shall be presented to the electorate of the City at a general or special election to take place as soon as practicable and if the following referendum question is approved by a majority of the electorate at said election, the City Commission shall have the proper authorization pursuant to the City Charter and laws of the State of Florida to pass, adopt and approve additional resolutions or ordinances as is necessary to provide for the ratification and approval of the issuance of general obligation bonds to finance the acquisition and construction of a Senior and Community Center: "PROPOSED SENIOR AND COMMUNITY CENTER TO BE FINANCED BY THE ISSUANCE OF BONDS: Shall the City of Tamarac issue general obligation bonds in an amount not exceeding $3,250,000, bearing interest at not exceeding the maximum legal rate, maturing within 20 years from the date of issuance, payable from ad valorem taxes Page 3 Temp. Reso. # 8331 Rev. # 1 --- 07/06/98 levied on all taxable property in the City, without limitation as to rate or amount, to finance a Senior and Community Center and related costs." For Bonds Against Bonds SECTION 3. Ballot: That the appropriate officials of the City are authorized to take whatever actions are necessary to ensure that these matters are placed on a special or general election to take place as soon as practicable. SECTION 4. Conflicts: All resolutions or parts of resolutions in conflict herewith are hereby repealed to the extent of such conflict. SECTION 5. Severability: If any provision of this Resolution or the application thereof to any person or circumstance is held invalid, such invalidity shall not affect other provisions or applications of the Resolution that can be given effect without the invalid provision or application, and to this end the provisions of this Resolution are declared to be severable. SECTION 6. Effective Date: This Resolution shall become effective immediately upon its passage and adoption. SECTION 7: If any clause, section, other part or application of this Resolution is held by any court of competent jurisdiction to be unconstitutional or invalid, in part or application, it shall not affect the validity of the remaining portions or applications of this Resolution. SECTION 8: This Resolution shall become effective immediately upon adoption. 1 Page 4 Temp. Reso. # 8331 Rev. # 1 — 07/06/98 PASSED, ADOPTED AND APPROVED THIS b DAY OF , 1998. ATTEST: Carol Gold, C/AAE, City Clerk I HEREBY CERTIFY that I have approved this Re lution as to form. ell S. Kraft, City )e%2chreiber, Mayor RECORD OF COMMISSION VOTE MAYOR SCHREIBER DIST 1: COMM. McKAYE DIST 2: V/M MISHKIN DIST 3: COMM. SULTANOF DIST 4t COMM. ROBERTS