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Ord 2017-18 Issuance General Obligation Bond
Posted Date:
10/11/2017
Authorizing the issuance of General Obligation Bond not to exceed $5,895,000.00

TOWN OF LONGBOAT KEY

ORDINANCE 2017-18

NOTICE OF SECOND READING AND

PUBLIC HEARING

NOVEMBER 6, 2017 – 1:00 PM

 

Notice is hereby given that the Longboat Key Town Commission will hold second reading and public hearing on November 6, 2017, at 1:00 p.m., or as soon thereafter as possible.  The meeting will be held in the Town Commission Chamber, at Town Hall, 501 Bay Isles Road, Longboat Key, Florida.

 

ORDINANCE 2017-18

AN ORDINANCE OF THE TOWN OF LONGBOAT KEY, FLORIDA, AUTHORIZING THE ISSUANCE, SUBJECT TO THE BOND REFERENDUM HEREIN PROVIDED FOR, OF GENERAL OBLIGATION BONDS AND/OR NOTES IN AN AGGREGATE PRINCIPAL AMOUNT NOT TO EXCEED $5,895,000.00,  MATURING NOT BEYOND 25 YEARS FROM ISSUANCE,  PAYABLE FROM THE FULL FAITH, CREDIT AND UNLIMITED AD VALOREM TAXING POWER OF THE TOWN, FOR PROVIDING FUNDS TO FINANCE THE DESIGN, DEMOLITION, CONSTRUCTION, REPLACEMENT, RECONSTRUCTION, RENOVATION, IMPROVEMENT, AND/OR EQUIPPING OF THE TOWN'S FIRE STATIONS; PROVIDING FOR AND CALLING A BOND REFERENDUM OF THE QUALIFIED ELECTORS OF THE TOWN TO BE HELD ON MARCH 20, 2018; PROVIDING FOR AN OFFICIAL BALLOT; ESTABLISHING TOWN INTENT TO REIMBURSE SUCH CAPITAL EXPENDITURES INCURRED WITH PROCEEDS OF SUCH GENERAL OBLIGATION BONDS AND/OR NOTES; AND PROVIDING AN EFFECTIVE DATE.

 

All interested persons may appear and be heard with respect to the ordinances.  Copies of the ordinance and related materials may be viewed prior to the public hearing at the Office of the Town Clerk, 501 Bay Isles Road, Monday through Friday, between 8:30 a.m. and 5:00 p.m.  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, FS).  In accordance with the Americans with Disabilities Act and Section 286.26, FS, 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.  Call 941-316-8719 if you are hearing impaired.

 

 

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