HomeMy WebLinkAboutResolution 878 Refunding Revenue Bonds
RESOLUTION NO. 878
A RESOLUTION OF THE CITY OF WINTER SPRlNGS,
FLORIDA AUTHORIZING THE CITY MANAGER OR CITY
FINANCE DIRECTOR TO DEEM FINAL WITHIN THE
MEANING OF SECURITIES AND EXCHANGE COMMISSION
RULE 15c2-12 THE CITY'S PRELIMINARY OFFICIAL
ST ATEMENT PREPARED IN CONNECTION WITH THE
PROPOSED ISSUANCE BY THE CITY OF ITS NOT
EXCEEDING $8,500,000 IMPROVEMENT REFllliTIING
REVENUE BONDS, SERIES 1999; AND PROVIDING AN
EFFECTIVE DATE:
WHEREAS, the City of Winter Springs, Florida (the "Issuer") is proposing to issue its
not exceeding $8,500,000 Improvement Refunding Revenue Bonds, Series 1999 (the "Bonds")
to refund certain outstanding debt of the City and to acquire and construct certain capital
improvements within the City limits and;
WHEREAS, the Issuer has selected Hanifen, Imhoff Inc. and Gardnyr Michael Capital
Inc. to serve as underwriters (collectively the "Underwriters") in connection with the Bond issue;
and
\VHEREAS, in connection with the issuance of the Bonds, the Preliminary Official
Statement (the current form of such document being attached hereto as an exhibit) will be used
by the Underwriters in the marketing of the Bonds; and
WHEREAS, Securities and Exchange Commission Rule 15c2-12 (the "Rule"),
particularly subsection (b) thereof requires that prior to the time underwriters offer for sale in an
offering. municipal securities such as the Bonds that they shall have obtained and reviewed an
offering document that the issuer of such municipal securities deems final as of its date except
for the omission of no more than the following information: the offering prices, interest rates,
selling compensation, aggregate principal amount, principal amount per maturity, delivery dates
and ratings and other terms of securities depending on such matters,
AND NOW THEREFORE, it is resolved by the City Commission of the City of Winter
Springs, Florida as follows:
Section 1: The Issuer is hereby authorized to distribute a Preliminary Official Statement
for the Bonds. Prior to such distribution, the City Manager or the Finance Director are hereby
authorized to deem such Preliminary Official Statement relating to the Bonds "final" within the
meaning of the Rule, except for the "permitted omissions" as defined therein,
Section 2: The provisions of this Resolution shall take effect immediately upon its
passage.
Adopted this 26th day of April, 1999.
City Commission
City of Winter Springs, Florida
Mayor
ATTEST:
City Clerk
Approved as to form and legal sufficiency:
City Attorney By Robert D. Guthrie