HomeMy WebLinkAboutResolution 2013-27 Tuscawilla Assessment Area Phase III - Funding RESOLUTION NO. 2013-27
A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF
WINTER SPRINGS, FLORIDA, ESTABLISHING THE
TUSCAWILLA PHASE III SPECIAL ASSESSMENT FUND AS A
SPECIAL REVENUE FUND FOR THE CITY OF WINTER
SPRINGS PURSUANT TO GASB 54; PROVIDING FOR REPEAL
OF PRIOR INCONSISTENT RESOLUTIONS; SEVERABILITY;
AND AN EFFECTIVE DATE.
WHEREAS, the City Commission of Winter Springs desires to comply with the
Government Accounting Standards Board Statement No. 54 Fund Balance Reporting and
Governmental Fund Type Definitions; and
WHEREAS, the City Commission of Winter Springs deems that this Resolution
is in the best interest of the public health, safety, and welfare of the citizens of Winter
Springs.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION
OF THE CITY OF WINTER SPRINGS, SEMINOLE COUNTY, FLORIDA, AS
FOLLOWS:
Section 1. Incorporation of Recitals. The foregoing recitals are deemed true and
correct and are hereby fully incorporated by this reference.
Section 2. Establishment of Tuscawilla Phase III Special Assessment Fund. The
Winter Springs City Commission hereby establishes the Tuscawilla Phase 3 Special
Assessment Fund as a Special Revenue Fund, which fund shall be utilized for the
collection of the capital and maintenance assessments to be levied by the Tuscawilla
Phase III Special Assessment for the purpose of construction, restoration and
maintenance of the Tuscawilla Units 12/12A wall, as well as ongoing debt service on the
related debt instrument.
Section 3. Repeal of Prior Inconsistent Resolutions. All prior resolutions or parts
of resolutions in conflict herewith are hereby repealed to the extent of the conflict.
Section 4. Severability. If any section, subsection, sentence, clause, phrase, word, or
portion of this Resolution is for any reason held invalid or unconstitutional by any court
of competent jurisdiction, such portion shall be deemed a separate, distinct and
independent provision and such holding shall not affect the validity of the remaining
portion hereto.
Section 5. Effective Date. This Resolution shall become effective immediately upon
adoption by the City Commission of the City of Winter Springs, Florida.
City of Winter Springs
Resolution No.2013-27
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RESOLVED by the City Commission of the City of Winter Springs, Florida, in a
regular meeting assembled on this 12th day of August, 2013.
Charles Lace , ayor r ,
ATTEST:'\
A.dre. or.rirrLuaces, City Clerk
Approved as to legal form and sufficiency for
The Ci f inter Springs only:
Anthony A. Garganese, City Attorney
City of Winter Springs
Resolution No.2013-27
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