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P.H. 2025-05: (PUBLIC HEARING 2ND READING)
AN ORDINANCE OF THE CITY COMMISSION OF THE CITY OF POMPANO BEACH, FLORIDA, APPROVING THE ISSUANCE OF THE CITY OF POMPANO BEACH, FLORIDA, WATER AND WASTEWATER REVENUE BONDS, SERIES 2024 IN AN AGGREGATE PRINCIPAL AMOUNT OF NOT EXCEEDING $90,000,000 (THE "SERIES 2024 BONDS") UNDER ORDINANCE NO. 2021-62 ENACTED ON JUNE 22, 2021 (THE "BOND ORDINANCE"), FOR THE PURPOSE OF FINANCING (INCLUDING THROUGH REIMBURSEMENT) THE ACQUISITION, CONSTRUCTION AND EQUIPPING OF ALL OR A PORTION OF CERTAIN CAPITAL PROJECTS RELATED TO THE ISSUER'S WATER, SEWER, WASTEWATER AND REUSE SYSTEM, AS MORE FULLY DESCRIBED HEREIN, PAYING COSTS OF ISSUANCE OF THE SERIES 2024 BONDS AND FUNDING CAPITALIZED INTEREST ON THE SERIES 2024 BONDS AND/OR A RESERVE SUBACCOUNT FOR THE SERIES 2024 BONDS IF DETERMINED NECESSARY AND APPROPRIATE AS PROVIDED HEREIN; FIXING CERTAIN TERMS AND DETAILS OF THE SERIES 2024 BONDS; AUTHORIZING EXECUTION AND DELIVERY OF THE SERIES 2024 BONDS; AUTHORIZING THE PUBLIC SALE OF THE SERIES 2024 BONDS AND THE USE OF THE PRELIMINARY OFFICIAL STATEMENT, OFFICIAL NOTICE OF SALE AND SUMMARY NOTICE OF SALE IN CONNECTION THEREWITH; DELEGATING AUTHORITY TO THE CITY MANAGER OF THE ISSUER, IN CONSULTATION WITH THE ISSUER'S MUNICIPAL ADVISOR, TO ACCEPT, PURSUANT TO A COMPETITIVE PUBLIC SALE PROCESS, THE BID OR BIDS OF THE LOWEST QUALIFIED BIDDER OR BIDDERS FOR THE PURCHASE OF THE SERIES 2024 BONDS, SUBJECT TO CERTAIN PARAMETERS AND OTHER MATTERS SET FORTH HEREIN; DIRECTING THE APPLICATION OF THE PROCEEDS OF THE SERIES 2024 BONDS; APPROVING THE FORM OF AND AUTHORIZING THE DISTRIBUTION OF A PRELIMINARY OFFICIAL STATEMENT AND AUTHORIZING THE EXECUTION AND DELIVERY OF A FINAL OFFICIAL STATEMENT AND AUTHORIZING THE EXECUTION AND DELIVERY OF A CERTIFICATE DEEMING THE PRELIMINARY OFFICIAL STATEMENT FINAL; APPROVING THE APPOINTMENT OF UMB BANK, N.A. AS THE PAYING AGENT AND REGISTRAR FOR THE SERIES 2024 BONDS; APPROVING THE FORM OF AND AUTHORIZING EXEC...
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