Ordinance No. 95-89-41 v ORDINANCE NO. 95-89-41
AN ORDINANCE EXTENDING THE REDEMPTION
DATE OF THE BUCCANEER WATER AND SEWER
DISTRICT REVENUE BONDS IN EXCHANGE FOR
CERTAIN REAL ESTATE; PROVIDING AN
EFFECTIVE DATE.
WHEREAS, the partners of Buccaneer Management Partnership
wish to extend the redemption date of bonds in the Buccaneer
Water and Sewer District; and
WHEREAS, in order to encourage the city to comply with
their requests the partnership will convey to the City of
Atlantic Beach real property located at 902 Assisi Lane; and
WHEREAS, it appearing that the proposal is beneficial to
the city.
BE IT ORDAINED BY THE CITY COMMISSION OF THE CITY OF ATLANTIC
BEACH, FLORIDA, AS FOLLOWS:
Section 1 . That upon the conveyance from the Buccaneer
Management Partnership to the City of Atlantic Beach of the real
property located at 902 Assissi Lane, Jacksonville, Florida, the
City Commission shall extend the redemption date on the
Buccaneer Water and Sewer District Bonds until May 15, 1994, at
which time they may be redeemed in whole or in part at the price
of par plus accrued interest to the redemption date.
Section 2 . This Ordinance shall take effect upon its adoption.
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Passed by the City Commission on first reading August 14, 1989 .
Passed by the City Commis on on secon. and , inal reading August
28, 1989 .
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' liam I . Gulliford, - •r, Pr-siding Officer
Appro /0o fo and correctness:
AtV44
S phen Stra ord, Acting ty Attorney
ATTEST:
ax-cti«-,;- -72
Mau een King, Ci y Cl ik
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