HomeMy WebLinkAboutResolution No. 1974-52RESOLUTION NO. 74 -52
A ItESOLUMON PROVIDING FOR A PROPOSITION I-Olt TIIE
FUNDING OF A RECREATIONAL COMPLEX IN THE CITY
OF CAVE CANAVERAL, FLORIDA, [IV AN IMPOSITiON OF
AN AD VALOREM TAX TO IIE SUBMITTED TO'r111i
ELECTORATE OF THE CITY OF CAPE CANAVERAL ON
TI IE GENERAL 13ALLOT OF NOVEMBER 5, 1974;
PROVIDING FOR NOTICE OF SAID ELECTION; PROVIDING
AN EFFECTIVE DATE.
WHEREAS. tine Recreation Iloard of the City of Cape Canaveral,
Florida, has recommended that a recreational complex be built by the
City and be funded by the Imposition of an ad valorem tax; and
WHEREAS. it has been determined that the City of Crape Canaveral
can borrow the necessary funds from a financial lending institution for
the construction and maintenance of said recreational complex; and
WHEREAS, Section L66.201 Florida Statutes, the Municipal liome
Rule Powers Act, provides that the levy of ad valorem taxes on real
property within the municipality be approved by a vote of the electors;
NON, TIIEREFORE. BE IT RESOLVED AS FOLLOWS:
SECTION 1. There shall be submitted to the voters of the City of
Cape Canaveral, Florida, at the regular general election which Is to be
held in the City on the 5th day of November, 1974, the following
proposition:
"Shall the City of Cape Canaveral, Florida levy an ad valorem
tax not to exceed . R mills on all real property located within
the City of Cape Canaveral, Florida, for the purpose of funding
a recreational complex, which complex shall include tennis
courts, shuffle hoard Courts, handball courts. parking, side-
walks. fencing, landscaping, sprinkler system, and for the
operation and maintenance of the complex. Proceeds of said
tax are to Ix used to retire a loan from a financial lending
institution in the total amount of S125. 000. 00. pills interest not
to exceed 7 1/22 per annum, both principal and interest
to be paid in 10 annual installments or 120 monthly
installments and the balance of said ad valorem tax pro-
ceeds to be used for the operation and maintenance of
said recreational complex ?"
SECTION 2. Notice of said election shall he published not less
than 30 days prior to the date of said election in a newspaper of
general circulation in the City, and publisher] in nrevard County.
Said publication shall he made once a %eel: for four consecutive
during the 30 day poriod. 'rim notice shall be in Substantially
the fullcving form:
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1,- MICROFILMED
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"NOTICE OF ELECTION
CITY OF CAPE CANAVERAL, FLORIDA
Public notice is hereby given that on the 5th day of November,
1974, the following proposition shall be submitted to the voters
of the City of Cape Canaveral, Florida, at the regular general
election which will be held in the City of Cape Canaveral,
Florida, as follows;
Shall the City of Cape Canaveral, Florida levy an ad valorem
tax not to exceed . 8 mills on all real property located within
•
the City of Cape Canaveral, Florida, for the purpose of funding
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•
1,, a recreational complex, which complex shall include tennis
courts, shuffle board courts, handball courts, parking, side-
walks, fencing, landscaping, sprinkler system, and for the
operation and maintenance of the complex. Proceeds of said
tax are to be used to retire a loan from a financial lending
• institution in the total amount of $125, 000.00, plus interest not
to exceed 7 1/2% per annum, ,both principal and interest to be
paid in 10 annual installments or 120 monthly_ installmen.ts•
and the balance of said ad valorem tax proceeds to be
used for the operation and maintenance of said recreational
complex? - -The polling place and precinct for such election shall be Precinct
13, located at 190 Jackson Avenue, Cape Canaveral, Florida.
The polls shall be open from 7:00 a.m. to 7:00 p. m. , Eastern
Daylight Savings Time.
Published by order of the City Council.
City Clerk tf
SECTION 3. This Resolution shall become effective immediately
upon adoption. S ,
ADOPTED THIS 17TH DAY OF SEPTEMBER , 1974.
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Appro ed as to'-form: i
RHAME .
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CITY ATTORNEY BEIMIIIIIIII