File #: 24R-5820    Version: 1 Name: GO Bond Series Ordinance Amendment
Type: Ordinance Status: Passed
File created: 9/3/2024 In control: City Commission Meeting
On agenda: 10/28/2024 Final action:
Title: ORDINANCE NO. 24O-09-145: AN ORDINANCE OF THE CITY COMMISSION OF THE CITY OF LAUDERHILL, FLORIDA MODIFYING CERTAIN OF THE PARK, RECREATIONAL, LEISURE AND CULTURAL PROJECTS FUNDED BY THE CITY’S GENERAL OBLIGATION BONDS, SERIES 2017 TO INCLUDE CERTAIN ADDITIONAL COMPONENTS THEREOF AND PROVIDING FOR A NEW PROJECT WITHIN THE CATEGORY OF PARK, RECREATIONAL, LEISURE AND CULTURAL PROJECTS, IN EACH CASE, THE COSTS OF WHICH WILL BE PAID, ALL OR IN PART, FROM CERTAIN AVAILABLE AMOUNTS ON DEPOSIT IN THE 2017 PARK, RECREATIONAL, LEISURE AND CULTURAL PROJECTS ACCOUNT ESTABLISHED UNDER CITY ORDINANCE NO. 16O-12-154 ENACTED ON JANUARY 9, 2017 IN CONNECTION WITH THE GENERAL OBLIGATION BONDS, SERIES 2017; MODIFYING CERTAIN OF THE PARK, RECREATIONAL, LEISURE AND CULTURAL PROJECTS FUNDED BY THE CITY’S GENERAL OBLIGATION BONDS, SERIES 2018 TO INCLUDE ADDITIONAL COMPONENTS THEREOF, THE COSTS OF WHICH WILL BE PAID, ALL OR IN PART, FROM CERTAIN AVAILABLE AMOUNTS ON DEPOSIT IN THE 2018 PARK, RECREATIONAL, LE...
Attachments: 1. ORD-24O-09-145-REVISED FINAL THIRD READING Ordinance Modifying GOB Projects - Lauderhill General 2024.pdf, 2. AR 24O-09-145, 3. REVISED First Addendum to Tax Certificate GOB Projects - Lauderhill General 2024.pdf, 4. REVISED Third Addendum to Tax Certificate GOB Projects - Lauderhill General 2024.pdf
Title
ORDINANCE NO. 24O-09-145: AN ORDINANCE OF THE CITY COMMISSION OF THE CITY OF LAUDERHILL, FLORIDA MODIFYING CERTAIN OF THE PARK, RECREATIONAL, LEISURE AND CULTURAL PROJECTS FUNDED BY THE CITY’S GENERAL OBLIGATION BONDS, SERIES 2017 TO INCLUDE CERTAIN ADDITIONAL COMPONENTS THEREOF AND PROVIDING FOR A NEW PROJECT WITHIN THE CATEGORY OF PARK, RECREATIONAL, LEISURE AND CULTURAL PROJECTS, IN EACH CASE, THE COSTS OF WHICH WILL BE PAID, ALL OR IN PART, FROM CERTAIN AVAILABLE AMOUNTS ON DEPOSIT IN THE 2017 PARK, RECREATIONAL, LEISURE AND CULTURAL PROJECTS ACCOUNT ESTABLISHED UNDER CITY ORDINANCE NO. 16O-12-154 ENACTED ON JANUARY 9, 2017 IN CONNECTION WITH THE GENERAL OBLIGATION BONDS, SERIES 2017; MODIFYING CERTAIN OF THE PARK, RECREATIONAL, LEISURE AND CULTURAL PROJECTS FUNDED BY THE CITY’S GENERAL OBLIGATION BONDS, SERIES 2018 TO INCLUDE ADDITIONAL COMPONENTS THEREOF, THE COSTS OF WHICH WILL BE PAID, ALL OR IN PART, FROM CERTAIN AVAILABLE AMOUNTS ON DEPOSIT IN THE 2018 PARK, RECREATIONAL, LEISURE AND CULTURAL PROJECTS ACCOUNT ESTABLISHED UNDER CITY ORDINANCE NO. 18O-07-124 ENACTED ON AUGUST 27, 2018 IN CONNECTION WITH THE GENERAL OBLIGATION BONDS, SERIES 2018; APPROVING THE FORM, AND AUTHORIZING THE EXECUTION, OF A CERTIFICATE OF THE CITY FOR PURPOSES OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED, EVIDENCING CERTAIN MATTERS RELATING TO THE MODIFICATIONS TO THE PARK, RECREATIONAL, LEISURE AND CULTURAL PROJECTS PROVIDED FOR HEREIN; AUTHORIZING THE PROPER OFFICIALS OF THE CITY TO DO ALL OTHER THINGS DEEMED NECESSARY OR ADVISABLE IN CONNECTION WITH THE MATTERS PROVIDED FOR HEREIN; PROVIDING FOR SEVERABILITY; PROVIDING FOR AN EFFECTIVE DATE.


Body
Request Action:
Pass an Ordinance to modify the list of projects funded by the City's General Obligation Bonds, Series 2017 and Series 2018 within the Park, Recreational, Leisure and Cultural Projects.


Need Summary Explanation/ Background:
There remains a balance in some of the funds in some of the projects and it is ...

Click here for full text