Res 11-79RESOLUTION NO. 11 -79
A RESOLUTION AUTHORIZING FORM, EXECUTION AND DELIVERY
OF OFFICIAL STATEMENT FOR $4,000,000 UTILITIES TAX
REVENUE CERTIFICATES, SERIES 1978, OF THE CITY OF DELRAY
BEACH, FLORIDA.
WHEREAS, the City Council of the City of Delray Beach, Florida did on
the 24th day of July, 1978, adopt a resolution authorizing the issuance of
Utilities Tax Revenue Certificates, Series 1978 (the "Certificates "); and,
�i
WHEREAS, the City Council did on the 11th day of December, 1978, adopt
a resolution determining certain details of the Certificates; and,
WHEREAS, the City Council did on the 9th day of January, 1979, adopt a
resolution awarding the Certificates to the successful purchasers thereof;
and,
WHEREAS, it is necessary for the City Council to take further action
in connection with the Certificates,
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
DELRAY BEACH AS FOLLOWS:
Section 1. That the form of the Official Statement relating to the
Bonds, dated January 9, 1979, in substantially the form attached hereto as
Exhibit A (the "Official Statement "), be and the same is hereby approved,
and the City hereby approves the use of the Official Statement in connection
with the offering and sale of the Certificates, and hereby further approves
i the use of any supplement or amendment to the Official Statement which is
necessary so that the Official Statement does not include any untrue state -
ment 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 Finance
Director of the City are hereby authorized and directed to execute the
Official Statement 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 with such approval to be con -
clusively evidenced by their execution and delivery thereof.
Section 2. That the Certificates have been awarded to the successful
purchasers thereof, Fischer, Johnson, Allen & Burke, Incorporated, at a net
interest cost rate of 6.39009 %.
Section 3. That the Mayor, Finance Director, 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 issuance and
i delivery of the Certificates.
Section 4. That this resolution shall take effect upon its adoption
in the manner provided by law.
PASSED AND ADOPTED in regular session on this the 22nd day of January,
1979.
M A Y 0 R
ATTEST:
�I City Clerk