A RESOLUTION OF THE CITY OF HALLANDALE BEACH AUTHORIZING ISSUANCE OF THE CITY OF HALLANDALE BEACH, FLORIDA SPECIAL ASSESSMENT REVENUE NOTE, SERIES 2025 (THREE ISLANDS IMPROVEMENTS) IN THE PRINCIPAL AMOUNT OF NOT TO EXCEED $3,700,000 FOR THE PURPOSE OF FINANCING, REFINANCING AND/OR REIMBURSING THE COST OF IMPROVEMENTS TO SERVE THE REAL PROPERTY COMPRISING THE THREE ISLANDS ASSESSMENT AREA; PROVIDING THAT SUCH NOTE SHALL BE A LIMITED OBLIGATION OF THE CITY PAYABLE SOLELY FROM CERTAIN ASSESSMENTS AS DESCRIBED HEREIN; PROVIDING FOR THE RIGHTS, SECURITIES AND REMEDIES FOR THE OWNER OF SUCH NOTE; MAKING CERTAIN COVENANTS AND AGREEMENTS IN CONNECTION THEREWITH; AUTHORIZING A VALIDATION PROCEEDING; ESTABLISHING INTENT TO REIMBURSE SUCH IMPROVEMENTS INCURRED WITH PROCEEDS OF SUCH NOTE; AND PROVIDING FOR AN EFFECTIVE DATE. (STAFF: FINANCE DIRECTOR)

Committee

City Commission

Requested by

Finance Department

Introduced

May 6, 2025

On agenda

June 18, 2025

Where it was heard

City Commission Jun 18, 2025