Res 02-80 RESOLUTION NO. 2-80
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DELRAY
BEACH, FLORIDA, AUTHORIZING THE EXECUTION AND DELIVERY OF
AN OFFICIAL STATEMENT IN CONNECTION WITH THE ISSUANCE OF
$4,000,000 WATER AND SEWER REVENUE BONDS, SERIES 1979,
AND AUTHORIZING PROPER OFFICERS TO DO ALL OTHER THINGS
DEEMED NECESSARY OR ADVISABLE IN CONNECTION WITH THE
DELIVERY OF THE BONDS.
WHEREAS, the City of Delray Beach, Florida (the "City"), did,
on the 23rd day of July, 1979, adopt a resolution (the "Resolution")
authorizing the issuance of $4,000,000 Water and Sewer Revenue Bonds,
Series 1979 (the "Bonds"); and,
~EREAS, the City did on the 22nd-day of October, 1979, adopt a
resolution determining certain details of the Bonds as provided in the
Resolution; and,
WHEREAS, on the 7th day of January , 19 80, the City
adopted Resolution No. 1-80 amending Resolution No. 77-7~"'to change the
date from which interest is to be paid; and,
WHEREAS, there has been prepared and submitted to the City the
form of an Official Statement relating to the Bonds, dated December 4,
1979, 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:
Section 1. 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 Underwriters in connection with the offering and sale of the Bonds,
and the City Council hereby further approves the use by the Underwriters
of any supplement or amendment to the Official Statement which is neces-
sary 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 execute the Official State-
ment 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 delivered to the Underwriters with such
approval to be conclusively evidenced by their exectution and delivery
thereof.
Section 2. 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 instruments
and to do and cause to be done any and all acts and things necessary or
proper for carrying out the transactions contemplated by the sale, issu-
ance and delivery of the Bonds.
Section 3. That this resolution shall take effect immediately
upon its adoption in the manner provided by law.
PASSED AND ADOPTED in special session on this the 7th
day of January , 19..80. /..-
M A Y O ~
ATTEST: LEON M. WEEKES
City Clerk .