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News & Information
Resolution 2016-01
Posted Date:
12/18/2015
Res. 2016-01 Notice of Consideration and Adoption Bond Issuance

TOWN OF LONGBOAT KEY REGULAR MEETING

NOTICE OF CONSIDERATION AND ADOPTION

RESOLUTION 2016-01

JANUARY 4, 2016

 

Notice is hereby given that the Longboat Key Town Commission will consider Resolution 2016-01, on January 4, 2016, at 7:00 p.m., or as soon thereafter as possible, at a Regular Meeting of the Town Commission in the Commission Chamber at Town Hall, 501 Bay Isles Road, Longboat Key, Florida.

 

RESOLUTION 2016-01

A RESOLUTION OF THE TOWN OF LONGBOAT KEY, FLORIDA AUTHORIZING THE ISSUANCE OF not to exceed $25,250,000 IN AGGREGATE PRINCIPAL AMOUNT OF TOWN OF LONGBOAT KEY, FLORIDA SPECIAL ASSESSMENT REVENUE BONDS, SERIES 2016 (GULF OF MEXICO DRIVE UNDERGROUNDING PROJECT) FOR THE PURPOSE OF financing thE COSTS OF UNDERGROUNDING ELECTRICAL, COMMUNICATIONS, FIBER OPTICS AND OTHER UTILITIES AND INSTALLATION OF STREET LIGHTING RELATING TO GULF OF MEXICO DRIVE; PROVIDING THAT SUCH BONDS SHALL BE LIMITED OBLIGATIONS OF THE TOWN PAYABLE SOLELY FROM NON-AD VALOREM SPECIAL ASSESSMENTS IMPOSED AGAINST REAL PROPERTY THROUGHOUT THE TOWN AND A BACKUP COVENANT TO BUDGET AND APPROPRIATE LEGALLY AVAILABLE NON-AD VALOREM REVENUES OF THE TOWN; PROVIDING FOR THE RIGHTS, SECURITIES AND REMEDIES FOR THE OWNER OF SUCH BONDS; MAKING CERTAIN COVENANTS AND AGREEMENTS IN CONNECTION THEREWITH; AUTHORIZING A BOND VALIDATION; AUTHORIZING CERTAIN OFFICIALS AND EMPLOYEES OF THE TOWN TO TAKE ALL ACTIONS REQUIRED IN CONNECTION WITH THE SALE, ISSUANCE AND DELIVERY OF such BONDS; AND PROVIDING AN EFFECTIVE DATE.

 

All interested persons may appear and be heard with respect to the proposed Resolution.  Copies of the proposed Resolution and related material may be viewed at the Office of the Town Clerk, 501 Bay Isles Road, Monday through Friday, between 8:30 AM and 5:00 PM, prior to the public hearing.  No verbatim record by a certified court reporter is made of these proceedings. Accordingly, any person who may seek to appeal any decision involving the matters noticed herein will be responsible for making a verbatim record of the testimony and evidence at these proceedings upon which any appeal is to be based (see Section 286.0105, F.S.).  In accordance with the Americans with Disabilities Act and Section 286.26, F.S., persons needing a special accommodation to participate in this proceeding should contact the Town Clerk’s Office at 941-316-1999 forty-eight (48) hours in advance of this proceeding.  If you are hearing impaired please call 941-373-7002

 

S/Jo Ann Mixon, Deputy Town Clerk

 

 
 
Town of Longboat Key    -    501 Bay Isles Road Longboat Key, FL 34228    -    Phone: (941) 316-1999 Fax: (941) 316-1656
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