Res 33-83 RESOLUTION NO. 33-83
A RESOLUTION OF THE CIT~ COUNCIL OF THE CITY OF DELRAY
BEACH, FLORIDA, AUTHORIZING THE EXECUTION AND DELIVERY
OF AN' OFFICIAL STATEMENT 'IN CONNECTION WITH THE ISSU-
ANCE OF $4,000 , 000 WATER AND SEWER REVENUE BONDS
(SERIES 1983), AND AUTHOriZING PROPER OFFICERS TO DO
ALL OTHER THINGS DEEMED NECESSARY OR ADVISABLE IN CON-
NECTION WITH THE DELIVERX OF THE BONDS.
WHEREAS, the City of Delray Beach', Florida (the "City"),
did, on December 21, 1982, adopt a resolution (the "Resolution")
authorizing the issuance of $4,000,000 Water and Sewer Revenue Bonds,
(Series 1983) (the "Bonds"); and,
WHEREAS, the City did on April 4, 1983, adopt a resolution
determining certain details of the Bonds as provided in the
Resolution; and,
WHEREAS, there has been prepared and submitted to the City
the form of an Official Statement relating to the Bonds, dated
Apri-1 20, 1983, and attached hereto as Exhibit A (the "Official
Statement" ) ,
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF DELRAY BEACH, FLORIDA, AS FOLLOWS:
~ That the Official Statement, in substantially
the form presented to this meeting, be and the same is hereby
approved, and the City Council hereby approves the use of the
Official Statement by the successful purchaser of the Bonds (the
"Purchaser") in connection with the offering and sale of the Bonds,
and the City Council hereby further approves the use by the Purchaser
of any supplement or amendment to the Official Statement which is
necessary so that the Official Statement does not include any untrue
statement of a material fact and does not omit to state a material
fact necessary to make the statements therein not misleading. The
Mayor and the City Clerk are hereby authorized and directed to exe-
cute the Official Stateme.nt and any amendment or supplement thereto,
in the name and on behalf of the City, and thereupon to cause the
Official Statement and any such amendment or supplement to be deliv-
ered to the Purchaser with such approval to be conclusively evidenced
by their execution and delivery thereof.
~ That the Mayor, City Clerk, and any other
proper officer of the City, be and each of them is hereby authorized
and directed to execute' and deliver any and all documents and instru-
ments and to do and cause to be done any and all acts and things nec-
essary or proper for carrying out the transactions contemplated by
the sale, issuance and delivery of the Bonds.
Section 3. That this resolution shall take effect immedi-
ately upon its adoption in the manner provided by law.
pASSED AND ADOPTED in special session on this the 20th
day of Aprill, 1983. 9.
ATTEST: