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Fort Walton Beach Resolution — 96-06-Inducement Agreement-Burton Golf — reading text
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EXHIBIT " B"
NOTICE OF INTENTION TO ISSUE BONDS
The City Council of The City of Fort Walton Beach.
Florida. will meet on May 14. 1996. in the Council
Chambers at the Fort Walton Beach City Hall. located at
107 Miracle Strip Pkwy SW. Ft Walton Beach. Florida.
commencing at 7: 00 P. M.. for the purpose of conducting a
public hearing on the proposal to issue one or more series
of industrial development revenue bonds of said City in an
aggregate principal amount not to exceed $ 2. 000.000 for
the purpose of acquiring. constructing and equipping a
manufacturing facility for Burton Golf. Inc (the " Company")
to be located at the Company' s existing plant at 654
Anchors St. N W. .. Ft. Walton Beach. Florida. 32548.
These bonds. when issued. will be special. limited
obligations of the City. The principal of and interest on
such bonds shall be payable solely out of the revenues
derived from a financing agreement between the City and
the Burton Golf. Inc The bonds and interest thereon shall
never constitute the debt or indebtedness of the City within
the meaning of any provision or limitation of the statutes or
Constitution of the State of Florida. and shall not constitute
or give rise to a pecuniary liability of the City or a charge
against its general credit or taxing powers.
At the time and place fixed for said public hearing all
who appear will be given an opportunity to express their
views for or against the proposal to issue said bonds and
any written comments received by the Council will be
considered.
Persons are advised that. if they decide to appeal any
decision made at this public hearing. they will need a
record of the proceedings. and. for such purposes. they may
need to ensure that a verbatim record of the proceedings is
made. which record includes the testimony and evidence
upon which the appeal is to be based.
All interested parties are invited to present their
comments at the time and place set forth above. Written
comments received by the City Clerk prior to the hearing
will also be considered.
J. Jerome Miller
City Attorney
MCL- 05/ 02/ 96
Rev 05/ 07/ 96
Rev- 05/ 14/ 96- 6205- indu- res 12-