O-1984-1398 - Laserfiche WebLink

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t , ......;... , ,~ i.:J . ,,- e r . .' , .' . '. ORDINANCE NO. 1398 AN ORDINANCE CONSENTING TO THE 'ISSUANCE AND SALE OF BONDS BY COLLEGE VIEW MUNICIPAL UTILITY DISTRICT WHEREAS, Ordinance No. 768 passed and approved by the City Commission on May 1, 1967, as amended by Ordinance No. 768-A passed and approved by the City Commission on July 20, 1970, among other things imposes certain'conditions upon the bonds which may be issued and sold by certain political subdivisions which are created within the area of the extra-territorial jurisdiction of the City (the "City of . La Portell); and WHEREAS, College View Municipal Utility District I I (the "District") is one of such political subdivisions created within the area of the City's extra-territorial jurisdiction, and the District wishes to issue and sell $3,350,000 of its Waterworks and Sewer System Combination Tax and Revenue Bonds, Series 1984 (the IIBonds"), on terms and conditions which are not strictly in accordance with the requirements of said Ordinance; and WHEREAS, by Ordinance No. 1393 passed and approved by the City Council on December 28, 1983, the City annexed, among other land, all of the territory embraced by the District and proposes to ab~lish the District on or before March 27, 1984, upon the occurrence of which latter event the City will take over all properties, assets and functions of the District and assume all of its debts, liabilities and obligations including the Bonds; and WHEREAS, the issuance and sale of the Bonds by the District on the proposed terms and conditions is, satisfactory and in the best interest of the City and the City desires to consent to the issuance and sale of the Bonds; therefore