HomeMy WebLinkAboutResolution_20-96/97_06/12/1997 i
RESOLUTION NO. 20 -9697
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A RESOLUTION OF THE VILLAGE COUNCIL OF THE
VILLAGE OF TEQUESTA, PALM BEACH COUNTY,
FLORIDA, EXPRESSING THE VILLAGE COUNCIL'S ;
DECLARATION OF INTENT TO REIMBURSE ORIGINAL
EXPENDITURES WITH PROCEEDS OF CERTAIN TAX -
EXEMPT OBLIGATIONS IN CONNECTION WITH
IMPROVEMENTS TO AND CONSTRUCTION OF VARIOUS
VILLAGE PUBLIC BUILDINGS; PROVIDING AN
EFFECTIVE DATE.
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NOW, THEREFORE, BE IT RESOLVED BY THE VILLAGE COUNCIL OF THE I
VILLAGE OF TEQUESTA, PALM BEACH COUNTY, FLORIDA, AS FOLLOWS:
Section 1. This Resolution is adopted for purposes of
United States Treasury Regulations Section 1.150 -2.
Section 2. The Village of Tequesta, Florida, (the
"Village ") intends to finance improvements to and
construction of public buildings, including Fire - Rescue,
Police, Recreation Center, and a new Village Hall. The
maximum principal amount of debt expected to be issued for
the Project is $7 million. The Village reasonably expects
that it will reimburse original expenditures made on the
Project with proceeds of the debt.
Section 3. This Resolution shall take effect immediately i
upon its adoption.
THE FOREGOING RESOLUTION WAS OFFERED by Councilmember
Cameron , who moved its adoption. The motion was seconded by f
Councilmember Hansen and upon being put to a vote, the
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vote was as follows: i
FOR ADOPTION AGAINST ADOPTION
j Alexander W. Cameron
� f
Joseph N. Caprett I
Carl C. Hansen
Ron T. Mackail
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Elizabeth A. Schauer
The Mayor thereupon declared the Resolution duly passed and
adopted this 12th day of June, A.D., 1997.
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MAYOR OF TEQUESTA
Elizabeth A. chauer
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ATTEST:
oann Mangan ello
Village Clerk
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