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Home My WebLink About1986-041•• 7/86(R-2)LEG/Vk RESOLUTION NO. 86-41 A RESOLUTION OF INDIAN RIVER COUNTY, FLORIDA, THROUGH ITS BOARD OF COUNTY COMMISSIONERS, AUTHORIZING THE ISSUANCE OF GENERAL OBLIGATION BONDS OF INDIAN RIVER COUNTY, FLORIDA, IN ONE OR MORE SERIES, IN AN AGGREGATE PRIN- CIPAL AMOUNT NOT TO EXCEED $5,900,000 TO FINANCE THE COST OF IMPROVEMENTS TO AND EXPANSION OF THE PUBLIC LIBRARY SYSTEM AND SERVICES IN THE COUNTY; CALLING FOR AND PRO- VIDING FOR A BOND REFERENDUM OF THE QUALIFIED ELECTORS RESIDING IN THE COUNTY TO BE HELD ON SEPT. 2, 1986, ON THE QUESTION OF THE ISSUANCE OF SUCH GENERAL OBLIGATION BONDS; AND PROVIDING FOR CERTAIN MATTERS WITH RESPECT THERETO AND AN EFFECTIVE DATE. BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA that: SECTION 1. AUTHORITY OF THIS RESOLUTION. This resolution is adopted pursuant to Section 125.01, Florida Statutes, Chapter 100, Florida Statutes, and other applicable provisions of law. SECTION 2. AUTHORIZATION OF BONDS. Subject and pursuant to the provisions hereof, general obligation bonds of the County of Indian River, Florida (herein called "County"), are authorized to be issued in one or more series in the aggregate principal amount of not to exceed FIVE MILLION NINE HUNDRED THOUSAND DOLLARS to finance the cost of improvements and expansion of the public library system and services in the county; together with purposes necessary, appurtenant or incidental hereto, including all costs of the issuance of the bonds. Such general obligation bonds shall be payable from ad valorem taxes levied without limitation as to rate or amount on all taxable property in the County. None of such bonds shall be issued for a longer term than thirty years iiom their date of issuance and such bonds shall bear interest at the rate or rates not exceeding the maximum rate permitted by applicable law at the time of the sale of the bonds, to be determined upon sale of the bonds. -1- n SECTION 3. BOND REFERENDUM, A bond referendum of the qualified electors residing in the County is hereby called to be held on Sept. 2, 1986, to determine whether or not the issuance of general obligation bonds in one or more series in an aggregate principal amount not to exceed FIVE MILLION NINE HUNDRED THOUSAND DOLLARS shall be approved by such qualified electors to finance the cost of improvements to and expansion of the library system expansion together with other purposes necessary, appurtenant or incidental thereto, including all costs of the issuance of the bonds. All qualified electors residing in the County shall be entitled and permitted to vote in such bond referendum. The places of voting and the inspectors and clerks for the bond referendum shall be the same as those places designated and those persons appointed for the general election to be held in the County on the same date. The polls will be open at the voting places from 7:00 A.M. until 7:00 P.M. on the said day. SECTION 4. OFFICIAL BALLOT. County election equipment shall be used at such bond referendum and the ballot to be used shall be in substantially the following form: OFFICIAL BALLOT INDIAN RIVER COUNTY, FLORIDA BOND REFERENDUM - SEPT. 2, 1986 Shall Indian River County, Florida, issue general obligation bonds, in one or more series, in an aggregate principal amount not r "� �' '. �•,r -i.ng interest at the t 3:, l.'.ng ;:h i maximum rate -aa -it the time of the 1a'.�irmi.ned upon sale Lat,ar t.ian 30 years t),er.aof, payable i • r. ? _ ; [ sc, �n ;ll. taxable F a.thoa: limit as to rate :)I- ,' ittan W ing the cost !•1 o tpansion of the public and be_,:vices Ln the County as �PeL t -..ply 6-�,,.:rib,2d and provided in the Resolution of the Board of County Commissioners adopted July 16 , 1986 -2- F The ballot pages and ballot cards shall be so arranged that the qualified electors may vote "FOR BONDS" or "AGAINST BONDS." SECTION 5. ABSENTEE VOTING. The ballot pages and ballot cards shall be used at such bond referendum for absentee voting. The form of ballot to be used in the bond referendum for absentee voting shall be in substantially the form provided in Section 4 above. SECTION 6. PRINTING OF BALLOTS. The Supervisor of Elections of the County is authorized and directed to have printed a sufficient number of the aforesaid ballots for use of absentee qualified electors entitled to cast such ballots in such bond referendum, and shall also have printed sample ballots and deliver them to the Inspectors and Clerks on or before the date and time for the opening of the polls for such bond referendum; and further is authorized and directed to have printed and delivered in accordance with law the official ballots for use in the voting machines and to make all appropriate arrangements for the conducting of such bond referendum. SECTION 7. REFERENDUM PROCEDURE. The bond referendum shall be held and conducted in the manner prescribed by general law for holding bond referenda. The Canvassing Board shall canvass the vote and make due returns of same without delay to the Board of County Commissioners. Such returns shall show the number of qualified electors who voted at such bond referendum and the number of votes cast respectively for and against the issuance of such bonds. The returns shall as soon as practicable be canvassed by the Board of County Commissioners, which shall declare and certify the results of such bond referendum. The certificate of declaration of results shall bn recordsd in the minutes of the Board of County Commissioners. -3- SECTION 8. ELECTION RESULTS. I£ a majority of the votes cast at such bond referendum shall be for the issance of such bonds, the issance of such bonds shall be approved and then such bonds may be issued as hereafter provided by the County. SECTION 9. UnmTrV nv OAMn DvvvDOMMIY This resolution shall be published in full by the Clerk of the Board of County Commissioners as part of the notice of such bond referendum, together with an appropriate caption in such form as she shall determine, in a newspaper published and of general circulation in the County, at least twice, once in the fifth week and once in the third week prior to the week in which the bond referendum is to be held, the first publication to be not less than thirty days prior to the date of such bond referendum. SECTION 10. QvironTOTi YT In the event that any word, phrase, clause, sentence or paragraph hereof shall be held invalid by any court of competent jurisdiction, such holding shall not affect any other word, clause, phrase, sentence or paragraph hereof. SECTION 11. REPEALING CLAUSE. All resolutions in conflict or inconsistent therewith hereby are repealed, insofar as there is conflict or inconsistency. SECTION 12. WDOW IPT[)v ".- This resolution shall take effect immediately. The foregoing resolution was offered by Commissioner Lyons who moved its adoption. The motion was seconded by Bowman and, upon being put to a vote, the vote was as follows: -4- Chairman Don C. Scurlock, Jr. Aye Vice -Chairman Patrick B. Lyons Aye Commissioner Richard N. Bird Aye Commissioner William Wodtke Aye Commissioner Margaret C. Bowman Aye 86-41 The Chairman thereupon declared Resolution No. duly passed and adopted this 16th day of July , 1986. BOARD OF COUNTY COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA By DON . SCU LOCK, . Chairman Attest: p/et/i F y,3� IGHT Clerk•• q, � Approved as to form and legal sufficiency: Charles P. Vitun c County Attorney -5-