HomeMy Public PortalAboutRES 84/03ESOLUTION 84- 3
A RESOLUTION CANVASSING THE RESULTS OF THE VOTES
CAST IN THE BOND REFERENDUM FOR VARIOUS CAPITAL
PROJECTS WITHIN THE TOWN OF GULFSTREAM, FLORIDA,
HELD ON MARCH 13,1984; PROVIDING AN EFFECTIVE DATE.
WHEREAS, the Town of Gulfstream, Florida, did, on January 27, 1984, duly
adopt a resolution calling a bond referendum in the Town of Gulfstream, Florida, to be
held on March 13, 1984, on the question of issuing General Obligation Bonds for various
capital projects within the Town; and
WHEREAS, the bond referendum was duly held and votes cast on March 13,
1984, the results of which have been canvassed; now therefore
BE IT RESOLVED BY THE TOWN COMMISSION OF THE TOWN OF
GULFSTREAM, FLORIDA:
SECTION 1. As a result of the canvass of the votes cast in the bond
referendum held in the Town of Gulfstream, Florida, on March 13, 1984, it is determined
by the Town Commission that the votes cast in said bond referendum were as follows:
Proposition 1
That as a result of the aforesaid canvass, the referendum vote on the question:
Shall there be issued not exceeding $905,000 principal amount of
General Obligation Bonds of the Town of Gulfstream, Florida,
bearing interest at a rate not exceeding the maximum rate
permitted by law at the time of the sale of the bonds, maturing not
later than thirty (30) years from the date of issuance thereof,
secured by the full faith, credit and taxing power of .the Town of
Gulfstream, Florida, for the purpose of financing the construction
and equipping of projects consisting of an administrative complex
and repayment of an existing loan upon the property where the
administrative complex will be located, a more particular descrip-
tion of which is on file in the office of the Town Clerk?
resulted as follows:
For Bonds / e /
Against Bonds //2-
Proposition 2
Shall there be issued not exceeding $420,000 principal amount of
General Obligation Bonds of the Town of Gulfstream, Florida,
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bearing interest at a rate not exceeding the maximum rate
permitted by law at the time of the sale of the bonds, maturing not
later than thirty (30) years from the date of issuance thereof,
secured by the full faith, credit and taxing power of the Town of
Gulfstream, Florida, for the purpose of financing the construction,
equipping and /or improvement of public works projects consisting
of road improvement, drainage and paving, a more particular
description of which is on file in the office of the Town Clerk?
resulted as follows:
For Bonds
Against Bonds <�
Proposition 3
Shall there be issued not exceeding $305,000 principal amount of
General Obligation Bonds of the Town of Gulfstream, Florida,
bearing interest at a rate not exceeding the maximum rate
permitted by law at the time of the sale of the bonds, maturing not
later than thirty (30) years from the date of issuance thereof,
secured by the full faith, credit and taxing power of the Town of
Gulfstream, Florida, for the purpose of financing the repayment of
an existing loan upon the Gulfstream water system and construc-
tion, equipping and /or improvement of the Town water system, a
more particular description of which is on file in the office of the
Town Clerk?
resulted as follows:
For Bonds L Z
Against Bonds 6 6
Proposition 4
Shall there be issued not exceeding $97,500 principal amount of
General Obligation Bonds of the Town of Gulfstream, Florida,
bearing interest at a rate not exceeding the maximum rate
permitted by law at the time of the sale of the bonds, maturing not
later than thirty (30) years from the date of issuance thereof,
secured by the full faith, credit and taxing power of the Town of
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Gulfstream, Florida, for the purpose of financing the maintenance
and improvement of the Town's canals, a more particular descrip-
tion of which is on file in the office of the Town Clerk? Such
amount represents approximately 30% of the cost of the project,
the remainder of which shall be paid by property owners directly
abutting the canals to be improved.
resulted as follows:
For Bonds /7-7
Against Bonds
SECTION 2. As a result of the aforesaid canvass, the Town Commission does
hereby determine and declare that:
Proposition 1 was passed, the highest number of votes being for the Bonds.
Proposition 2 was passed, the highest number of votes being for the Bonds.
Proposition 3 was passed, the highest number of votes being for the Bonds.
Proposition 4 was passed, the highest number of votes being for the Bonds.
SECTION 3. , This resolution shall take effect immediately upon its adoption,
this 13 day of rii= l , 1984.
PASSED AND ADOPTED one READING THIS 13 DAY OF
-1, 1984.
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