Res 590 ~lSO,.o ~ IO,~ NO
%,~z~o the Ci~y of Delray zeach, Florida, o~s and operates the
City of Delray Eeach Water Pl~t and distribution system which is an
existing necessary public utility, and
"~'~'~,,~,~,~ it is necessary to improve, enlarge and extend said City
of Delrs~y Beach water plant and distribution aystem to meet the
imperative needs of the co~unity for the conservation of public health
end safety, and
.i~n~o in order to provi~,e Pop the financing: of euch project it
is necessary for certain revenue certificates to be issued by ~he City
of Delrsy Beach, Florida,
· .... ~r m=:-~,~,~w-~ov BE IT RESOLVED by the City Council of the City cC
Del~y ~each~ Florida~ as ~ollow~:
~CTIOi~ 1. That the ~it~ or DGlray 9e~ch~ Florids~ proposes to
enlarge, improve and eztend the present 9ity o~ D~lray ~each :/ater Plant
and distribution system ~y ~rovidins ne~ ~ell supply, treatment
~acilities~ elevated ~tor~e and distribution improvement ~or the purpose
o~ supplyin~ an adequate q~an~ity o~ potable ~ater to the inhBbit~nts
o~ the City
9~CTIOf~ 2. That t~e 9i~y of Delray Be~ch~ ~lorida~ is ~ereby
prescribed as the zone
~ension work ~hall be done.
=~o~ 3. Ths~ ~he oos~ o9 such impro~emen~ and extension work
Ls estimated ~o be ~350,000,00.
SECT ~' ~ ' "'
ZO,,~
Florida, ~o issue nego~imble revenue oe~ifio~es in ~he aZ~'~reg~e
of ~350,000.00, ~o bear in~eres~ ~ a rede of no~ ~o exceed 3,<'~ per annum,
paya~!e semi-annually, ~o be in ~he denomination of ~1,000.00 each and
~o be pa~able o~er
be payable solely fro~
,,,,~ ~er System.
SECTION 5. That such revenue certificates shall not i~pose any
tax liability upon any real or Dersonal property in the City of D~lr~y
Beach, Floride.
SECTIOM 6. Objections to any provision of this resolution shall
0e m~de in writing end filed with the City ~ouncil of the City of De]r~y
Beech, Florida, ~nd heay~g thereupon shall be held on the ~ day
of~ay~ ~ , 1946, et o clock ~.L~. Eastern
City Council ro~ in the City Hell, Delrey Beech, FloriSe.
SECTi0~J 7. Notice is hereby given that not earlier than 40 d~ys
from this d~te the City Council contempl~tes the passing of a
· 'esolutio~ authorizi~ the contemplated work heretofore described,
providing for the is~uance of revenue certificates herein referred to,
end containing ~ll othe~~ necessery provisions.
PASSED in Special ~ession on this the 6th d~y of ~ay, 19~6.
ATTEST: APP R0V ED:
L~ayor. ~