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FIRST INSERTION
TOWN OF OAKLAND, FLORIDA
NOTICE OF PUBLIC HEARING
The Town Commission (the “Town Commission”) of the Town of Oakland, Florida (the “Town”) will conduct a public hearing at its regular meeting to be held on July 10, 2018, commencing at 7:00 p.m., or as soon thereafter as practically possible, in the Town Meeting Hall, 220 North Tubb Street, Oakland, Florida 34760, to receive comment on the enactment of an ordinance entitled:
AN ORDINANCE OF THE TOWN COMMISSION OF THE TOWN OF OAKLAND, FLORIDA, AUTHORIZING A LOAN FROM BRANCH BANKING AND TRUST COMPANY IN AN AGGREGATE PRINCIPAL AMOUNT OF NOT TO EXCEED $1,000,000 FOR THE PURPOSE OF FINANCING THE COSTS OF CERTAIN CAPITAL IMPROVEMENTS AS DESCRIBED HEREIN; AUTHORIZING INDEBTEDNESS OF THE TOWN TO BE EVIDENCED BY A TOWN OF OAKLAND, FLORIDA CAPITAL IMPROVEMENT REVENUE NOTE, SERIES 2018; AUTHORIZING THE ACCEPTANCE OF THE LENDER'S PROPOSAL; PROVIDING FOR SEVERABILITY; AND PROVIDING FOR AN EFFECTIVE DATE.
Upon conclusion of the public hearing, the Town Commission will consider enactment of the ordinance which authorizes the incurrence of indebtedness in the form of a bank loan or the issuance of revenue bonds (the “Obligation”) for the purposes and in the not to exceed amount stated above. If the Town Commission approves the issuance, the Obligation will be secured by certain capital gifts received by the Town and payable from a covenant to budget and appropriate non-ad valorem revenues of the Town in an amount sufficient to pay principal and interest when due on the Obligation pursuant to the Constitution and laws of the State of Florida, including particularly Chapter 166, Part II, as amended and supplemented, the municipal home rule charter of the Town, and other applicable provisions of law and secured by a pledge of certain capital gifts received by the Town.
Interested parties may appear at the public hearing and be heard with respect to the proposed ordinance, a copy of which is available for inspection by the public at the Office of the Town Clerk, 220 North Tubb Street, Oakland, Florida 34760.
If an individual decides to appeal any decision made by the Town Commission with respect to any matter considered at this meeting, a record of the proceedings will be required and the individual will need to ensure that a verbatim transcript of the proceedings is made, which record includes the testimony and evidence upon which the appeal is based (Section 286.0105, Florida Statutes). Such person must provide a method for recording the proceedings verbatim.
In accordance with the Americans with Disabilities Act, any persons with disabilities needing special accommodations should submit a written request to the Town Clerk's Office, Post Office Box 98, Oakland, Florida 34760; phone 407-656-1117 x 2104, at least 48 hours before the meeting time.
June 28, 201818-03147W