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1983-46
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1983-46
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Last modified
3/20/2019 10:47:34 AM
Creation date
10/5/2015 9:49:09 AM
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Ordinances
Ordinance Number
1983-46
Adopted Date
12/21/1983
Ordinance Type
Revenue Bonds
State Filed Date
01\03\1984
Subject
Special Assessments for Revenue Bonds
Supplemental fields
SmeadsoftID
13122
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'+ 7 <br />amended, as incorporated herein, are hereby made to reflect the <br />differences between municipal and county government. The Board, <br />however, shall not be required to let contracts for any <br />Improvements before adoption of any resolution authorizing the <br />issuance of Bonds. All assessment plats, plans and <br />specifications, cost estimates and records of the names and <br />addresses of the owners of property to be assessed shall be kept <br />and maintained by the public works or other similar department of <br />the County, or such other office or officer of the County as may <br />be specified by the Board from time to time. Any special <br />assessment liens upon real property, resulting from special <br />assessments levied pursuant to the provisions of this ordinance, <br />shall be extinguished upon the recording by the Board in the <br />Official Records of the County, an affidavit or affidavits exe- <br />cuted by the Chairman of the Board to the effect that sufficient <br />security has been deposited with the County in order to insure <br />timely payment of the amounts of such special assessments or the <br />installments thereof, as the case may be. If notes are issued in <br />anticipation of the issuance of Bonds, the special assessments <br />shall bear interest at a rate not to exceed 1% above the rate of <br />interest on the notes, as long as the notes are outstanding. Any <br />special assessments that are prepaid shall bear interest at the <br />rate borne by the Bonds or the notes issued in anticipation of <br />the issuance of the Bonds, whichever are outstanding, and, if <br />necessary to pay additional expenses of redemption, shall include <br />a prepayment fee not to exceed the applicable redemption premium, <br />if any, for such notes or Bonds, if they were to be redeemed on <br />the next available redemption date. <br />SECTION 5. NO REFERENDUM REQUIRED. No referendum or <br />election in the County shall be required for the exercise of any <br />of the provisions of this ordinance, unless such referendum or <br />election is required by the Constitution of the State of Florida. <br />SECTION 6. NO IMPAIRMENT OF CONTRACT. The County will <br />not enact any ordinance or adopt any resolution which will <br />repeal, impair or amend in any manner the rights of the holders <br />-4- <br />
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