HomeMy WebLinkAboutResolution 901 Revenue Bonds TLBD
RESOLUTION NO. 901
A RESOLUTION OF THE CITY OF WINTER SPRINGS,
FLORIDA AUTHORIZING THE VALIDATION OF THE
CITY'S SPECIAL ASSESSMENT REVENUE BONDS, SERIES
1999 (TUSCA WILLA LIGHTING AND BEAUTIFICATION
DISTRICT) AND OF THE CITY'S SPECIAL ASSESSMENT
REVENUE BOND ANTICIPATION NOTES, SERIES 1999
(TUSCA WILLA LIGHTING AND BEAUTIFICATION
DlSTR1CT) AND PROVIDING AN EFFECTIVE DATE.
WHEREAS, the City of Winter Springs, Florida (the "Issuer" or the "City"), has by
Resolution No. 895, Resolution No. 896 and Resolution No. 897 adopted on September 27,
1999, authorized the issuance of the City's Special Assessment Revenue Bonds, Series 1999
(Tuscawilla Lighting and Beautification District) (the "Bonds") and has authorized the issuance
of and awarded the sale to Bank of America, N.A., d/b/a NationsBank, N.A. (the "Purchaser") of
the City's Special Assessment Revenue Bond Anticipation Notes, Series 1999 (Tuscawilla
Lighting and Beautification District) (the "Notes") for the purpose of paying Costs of the Project
(as defined in said Resolution No.'s 895 and 896); and
WHEREAS, subsequent to the adoption of Resolutions No. 895, 896, and 897 litigation
has been filed against the City challenging among other matters certain actions of the City in
connection with the Bonds and Notes; and
WHEREAS, as a result of such litigation the Purchaser has requested that the Bonds and
Notes be Validated.
BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF WINTER
SPRINGS, FLORIDA:
Section 1. VALlDATION OF BONDS AND NOTES. Counsel for the City is
authotized and directed to prepare, file and pr05ecute proceedings to validate the Bonds and
Notes in the manner prescribed by the laws of Florida. Such counsel is further authorized to
delegate to Carlton, Fields, Ward, Emmanuel, Smith & Cutler, P.A., bond counsel for the City,
such duties in connection with the validation proceedings as said counsel deems appropriate
including, but not limited to, the appearance by such counsel as co-counsel of record on behalf of
the Ciry in the bond and note validation proceedings.
Section 2. This Resolution shall take effect immediately upon its adoption.
PASSED AND ADOPTED this 25th day of October, 1999.
(SEAL)
CITY OF WINTER SPRINGS, FLORIDA
PAUL P. PARTYKA
MAYOR
Attest:
CITY CLERK
Approved as to form and legal sufficiency:
CITY ATTORNEY