1971-04 (General Bonds)RESOLUTION NO. 34)j (Ordinance)
A 'RESOLUTION AMENDING RESOLUTION N0. 343 L.`TITLED " A RESOLUTION .'
PROVIDING FOR THE ISSUANCE OF GENERAL OBLIGATION BONDS OF THE
CITY OF OKEECHOBEE, FLORIDA, NOT TO EXCEED IN THE AGGREGATE
$490,500 FOR THE PURPOSE OF REFUNDING CERTAIN OUTSTANDING BONDS;
AND CONTAINING OTHER PROVISIONS RELATING TO SUCH BONDS."
WHEREAS, the Council has heretofore, under date of April 6, 1971, duly
adopted Resolution No. 343, entitled:
11A RESOLUTION PROVIDING FOR THE ISSUANCE OF GENERAI. OBLIGATION
BONDS OF THE CITY OF OKEECHOBEE, FLORIDA, NOT TO EXCEED IN THE
AGGREGATE $4801500 FOR THE PURPOSE, OF REFUNDING CERTAIN OUTSTANDING
BONDS; AND CONTAINING OTHER PROVISIORS RELATING TO SUCH BONDS.41
authorizing and providing for the issuance of $480,500 General Obligation Refunding
Bonds; and
WHEREAS, inadvertently, the redemption provisions for said Bonds, set forth
in &action 9 of said Resolution and in the bond form set out in Section 10 of said
Resolution are incorrectly stated and it is necessary and desirable that said
redemption provisions be clearly set forth; now, therefore,
BE IT RESOLVED BY THE COUNCIL OF THE CITY OF OKEECHOBEE, FLORIDA.
SECTION 1, That Section 9 of Resolution No. 343 adopted on April 6, 1971
and entitled:
"A RESOLUTION PROVIDING FOR THE ISSUANCE OF GENERAL OBLIGATION B014DS
OF THE CITY OF OKEECHOBEE$ FLORIDA, NOT TO EXCEED IN THE AGGREGATE
• $480,500 FOR THE PURPOSE OF REFUNDING CERTAIN OUTSTANDING BONDS;
AND CONTAINING OTHER PROVISIONS RELATING TO SUCH .BONDS, 11
be and the same is hereby amended to read as follows:
SECTION 9. REDEMPTION PROVISIONS. Bonds maturing in the years
1972 to 1981, inclusive, shall not be redeemable prior to their
stated dates of maturity. Bonds maturing in the years 1982 through
1996, both inclusive, shall be redeemable at the option of the
City, on July 1, 1.981, or on any interest payment date thereafter,
at the price of par and accrued interest to the date of redemption,
plus the following premiums, expressed as a per centage of the par
value thereof; if redeemed at the following times:
Three per centun 0%) if redeemed on July 1, 19810 to and including
January 1, !986;
Two per centum (2%) if redeemed on July 1, 1986, to and including
Jarniary 1, 1991;
One per centirn (1%) if redeemed on July 11 1991, or thereafter
prior to maturity.
Notice of Bonds to be redeemed shall be given not less than thirty
days prior to the redemption date by registered or certified mail
to banks or trust companies serving as paying; agents and by
publication at least once not less than thirty days prior to
such .redemption date in a financial newspaper or journal of general
circulation published in the City of. New York, New York."
SECTION 2. That the bond form contained in Section 10 of said Resolution
No. 343 be and the same is hereby amended to conform with the prov1_sions of Section
1 of this Resolution:
SEcTioN 3. The remaining provisions of Resolution No. 343 shall remain
in full. force and effect and are hereby ratified and confirmed.
SECTION 4. This Resolution shall take effect in the manner provided
by law.
Chief Thomas was present, reporting that he: was having numerous complaints of people hold!.,
Church and Prayer meetings in residential areas causing a distla.rbance. Mayor Dunham to get inform-
ation from adjoining cities how this matter is governed, also Attorney Curren to analyze law
governing same.
Councilman Domer reported that the County Commissioners had adopted a Resolution on re-
naming streets and had agreed to share the cost with the City on a 50 - 50 basis, also agreed to
contact K. C. Mopp and Associates of West Palm Beach and get information on the cost of project.
on water intake line] seconded by Councilman Domer and "carried.
Councilman Domer reported that the fire truck parts and repairs was more than anticipated,
approximately $lp200.00 but the truck was in good order now.
Councilman Domer moved to accept charge for fire truck parts and repairs, seconded by
Councilman Breland and carried.
Councilman Domer suggested that Attorney Curren contact the Department of Transportation
on signal light at intersection of SR 70 and Riverview Drive. The Council agreed.
President Burk proposed that the Building Official be paid $25.00 per week expense allowai
Upon motion by Councilman Breland Building Official Spray was granted $25.00 per week expense
allowance, seconded by Councilman Douglas and carried.
The Council discussed needed improvements at the Dog Pound. President Burk proposed
erecting a chain link fence around all pound area. Councilman Breland Stated the need of additiora.
kennels. Mayor Dunham recommended that the food storage and pump house be inclosed in the fence.
a list of
Council. agreed to prepare/the necessary improvements and Councilman Breland requested to get estimai
of cost.
Councilman Douglas reported that he had met with the County Commissioners regarding their
charge to the City for shell and was advised the matter would be discussed and he would be informed,
A discussion by the Council regarding the City furnishing free water tc the Wa��side Park
and Swimming Pool was heard. Aften;hich the Council agreed to bill the County Commissicncrs for
water used at above locations.
Councilman Breland reported a request fron Chalk Ward for a trailer park license. The
Council agreed to instruct Building Official Spray to investigate matter.
Attorney Curren presented copies of exee�-pts from Florida State Statutes to the Council.
Councilman Domer discussed. with the Council obtaining water from ground water source. Thi
Council requested Engineer Osha to get estimate of cost for Geological Survey.
Upon motion the Council adjourned.
PRESID}-1;4T CITY COUNCIL
ATTEST:
CITY CLK�