Title
RESOLUTION NO. 25R-12-240: A RESOLUTION OF THE CITY OF LAUDERHILL, FLORIDA, SUBMITTING TO REFERENDUM QUESTIONS TO THE QUALIFIED ELECTORS OF THE CITY OF LAUDERHILL, FLORIDA AUTHORIZING THE ISSUANCE OF NOT EXCEEDING SIXTY-FIVE MILLION DOLLARS ($65,000,000) AGGREGATE PRINCIPAL AMOUNT (WITHOUT REGARD TO ORIGINAL ISSUE DISCOUNT OR PREMIUM) OF GENERAL OBLIGATION BONDS OF THE CITY OF LAUDERHILL, FLORIDA, IN ONE OR MORE SERIES, FOR CAPITAL IMPROVEMENTS; PROVIDING FOR NOTICE OF THE BOND REFERENDUM ELECTION TO BE PUBLISHED IN ACCORDANCE WITH THE CHARTER AND CODE OF ORDINANCES OF THE CITY OF LAUDERHILL, FLORIDA, AND CHAPTER 100, FLORIDA STATUTES, AS AMENDED; PROVIDING FOR THE PLACE AND PLACES WHERE THE BOND REFERENDUM ELECTION IS TO BE HELD; PROVIDING FOR AUTHORIZATION AND DIRECTION TO THE CITY CLERK TO PERFORM CERTAIN DUTIES AND FUNCTIONS IN ACCORDANCE WITH THIS RESOLUTION; PROVIDING FOR OTHER MATTERS IN CONNECTION WITH THE FOREGOING; PROVIDING FOR SEVERABILITY AND REPEALING CLAUSES; AND PROVIDING FOR AN EFFECTIVE DATE.
Body
Request Action:
Pass a resolution approving the issuance of General Obligation Bonds for three (3) various categories totaling $65,000,000 including the estimated costs of issuance for said bonds, and providing for and calling for a bond referendum authorizing three questions to be placed on the primary election ballot on March 10, 2026.
Need:
Pass a Resolution to call a referendum to authorize three questions to be placed on the Election Ballot on March 10, 2026 regarding General Obligation (GO) Bond Improvements and approve reimbursement resolutions for financing.
Summary Explanation/ Background:
The City has developed a list of capital improvements located or to be located within the boundaries of the City which may be financed (or the cost of which may be reimbursed), all or in part, with proceeds of its general obligation bonds and other legally available funds. The request is to approve a resolution which will authorize three questions...
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