HomeMy WebLinkAboutResolution 89-07
RESOLUTION NO.
8'1.. 0 ?
A RESOLUTION OF THE CITY OF OCOEE, FLORIDA
APPROVING AN EQUIPMENT LEASE/PURCHASE AGREE-
MENT AND DESIGNATING IT AS A QUALIFIED TAX-
EXEMPT OBLIGATION.
.
RESOLVED, that this City enter into a certain Equipment
Lease/Purchase Agreement with The Citizens and Southern National Bank
(hereinafter called "Lessor") in the form attached hereto and by this
reference made a part hereof (the "Equipment Lease") and that this City
lease equipment from Lessor pursua~t to the terms of such Equipment Lease;
and that the Mayor and the City Clerk of this City be and hereby are
authorized and directed in the name and on behalf of this City to execute
the Equipment Lease with Lessor in substantially the form presented to
this meeting with such changes therein and additions thereto as shall be
approved by such officers who execute the same, with such execution to
be conclusive evidence that each such document so executed has been
authorized and approved by this vote.
FURTHER RESOLVED, that the obligations of the City under
the Lease/Purchase Agreement be hereby designated, pursuant to Section
265(b) (3) (D) of the Internal Revenue Code of 1986, as amended (herein-
after called the "Code"), as comprising a portion of the $10,000,000.00
in aggregate issues which may be designated as "Qualified Tax-Exempt
Obligations" eligible for the exception to the general rule of the Code
which provides for a total disallowance of a deduction for interest
expense allocable to the carrying of tax-exempt obligations.
FURTHER RESOLVED, that the Mayor and the City Clerk of
this City be and each of them hereby is authorized to execute and deliver
such other instruments and take such other actions as she shall deem
necessary and desirable for the purpose of carrying out the foregoing
votes.
FURTHER RESOLVED, that the foregoing resolutions shall
remain in full force and effect until written notice of their amendment
or rescission shall have been received by Lessor and that receipt of such
notice shall not affect any action taken by Lessor prior thereto.
FURTHER RESOLVED, that the City Clerk of this City be
and she hereby is authorized and directed to certify to said Lessor the
foregoing resolutions and that the provisions thereof are in conformity
with the charter of this City.
ADOPTED this ~day of May, 1989.
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CITY O~ ~C'}r' FLORIDA j)
By~J ~
Thomas R. Ison, Mayor
....,.........'\,.. ,;"
FOR USE AND RELIANCE ONLY BY THE
CITY OF OCOEE, APPROVEP AS TO FORM
ff. LEGALITY THIS g..5 DAY OF
~, 1989
FOLEY, LARDNER, VAN DEN BERG, GAY,
BURKE, WILSON AND ARKIN
[~~ ,4.!.- J
=~' ;J /1/1 A
BY: '6Y2t~
"'ORM 723-"
1-"
PAGE I 01" I
-. COUNTY
STATE OF I"LORIOA OEPARTMlttlT OF TRAtlSPORT...T10N
DIVISION OF ,.RECONSTRUCTION ANO'OEIIG:4
CITY RESOLUTlO~J
UTILITY INDEMNIFICATION AGREEMENT
SECTION
UTILITY JOB NO.
STATE ROAD NO.
COUNTY NAME
. .! PARCEL Be R/W JOB N(
, ",.-1
J 1 N/A
75 250 6521 438 Orange
II
WP# 5114638 ~1
;\ RESOLUTION AUTHORIZING EXECUTION OF AN lIT1I.1T1ES A<;llEDIEl\T HlHt'THE
HELOCATION OF CERTAIN UTILITIES WITlHN THE RIGIIT.OF.WA Y LIMITS IlEI~FT
VlDlNG WilEN TillS RESOLUTION SHALL TAKE EFFECT.
RESOLUTION NO. 89-06
STI\IE:--;T, CHANGE 0
ESCRIBED, AND PRl
" I
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~
ON MOTION OF Commissioner (Collucihnan) lI~epr _ , secoii"!itl
C b , "'''' . 1':'';:..
1111111) om S , the following Resolution was adopted: -.-..- ~__._
WHEREAS, the Stat,e of Florida Department of Transportation has located and proposes to construct (
reconstruct a part of State Road 438
AND WHEREAS, in order for the State of Florida Departmcnt of Transportation to further and complete sai
pl'Oject, it is nece8sary that certain utilities and/or facilitics wilhill the Right.of.Way limits of said State Roa
438 t be adjusted, changed or relocated,
AND WHEREAS, the State of Florida Department of Transportation having requested the City of
Ocoee , Florida, tQ execute and ddi\'l~r to the Stale of Florida Department of Transportatio
a Utilities Agreement, agreeing to make or eau~e to hI' made such adjustments, changes or rdocations of sai
utilities and/or facilities as set out in said Agreement, and saiJ request having been duly considered,
NOW THEREFORE, BE IT RESOL YED by the Commission of the City of Ocoee
Florida, that the Mayor and Clerk (City Manager) lw alld they arc hereby authorized und direded to make
execute and deliver to the State of Florida Departmellt of Transportation a Utilities Agreement for the adjll5t
mcnt chanue or relocation of certain utilities within thl' lli~ht of Way limits of suid Stale Roae) 438
, I:) ...... ~
Sl'ctioll 75250-652,~
olllmissioncr (Counci
BE IT FURTHER RESOL YED that a certified copy 01' lhis Resolution be forwarJed to the State of Florida
Department of Transportation at Tallahassee, Florida.
CITY OF OCOEE
COUNTY OF ORANGE
IllER EBY CERTIFY t hat the foregoing is a ttlle alld nll'tcd copy of 1\ Resolution adopteJ hy the
Board of City Commi ssinnprs uf tlJt~ Cih' uf Ocoee . Flurida
.lll Illl'cling uf said ~Ollni !'l~d nn
9n~.
\nTNESS In\' hand and ~:l'al on this
, held on Illis
16th
day of
Way
. A. J)
By
16th
tlavor
Ocoee
. Florida.
(S ~.\ L)