|
Title:
|
A RESOLUTION APPROVING AND AUTHORIZING THE MAYOR TO EXECUTE AN AGREEMENT WITH THE DOWNTOWN DEVELOPMENT AUTHORITY FOR THE PURCHASE OF PROPERTY TO BE DEVELOPED AS A PUBLIC PARK AMENITY FINANCED WITH REVENUE BONDS PLACED BY THE DOWNTOWN DEVELOPMENT AUTHORITY; AUTHORIZING THE MAYOR TO EXECUTE DOCUMENTS AND PERFORM ACTS DEEMED NECESSARY IN FURTHERANCE OF THE ISSUANCE OF THE BOND; LEVYING AN ANNUAL AD VALOREM TAX ON ALL TAXABLE PROPERTY WITHIN THE CITY NECESSARY TO PRODUCE REVENUES NEEDED TO FULFILL THE OLBIGATIONS UNDER THE AGREEMENT WITH THE DOWNTOWN DEVELOPMENT AUTHORITY; PROVIDING FOR AN EFFECTIVE DATE; AND FOR OTHER PURPOSES.
|