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RESOLUTION NO. 03-1460 A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF CASSELBERRY, FLORIDA AUTHORIZING THE ISSUANCE BY THE CITY OF NOT TO EXCEED $2,200,000 IN AGGREGATE PRINCIPAL AMOUNT OF THE CITY OF CASSELBERRY, FLORIDA INFRASTRUCTURE SALES SURT AX REVENUE NOTE, SERIES 2003 TO FINANCE THE CONSTRUCTION OF CERTAIN CAPITAL IMPROVEMENTS IN AND FOR THE CITY; PLEDGING THE PROCEEDS OF THE LOCAL GOVERNMENT INFRASTRUCTURE SURTAX RECEIVED BY THE CITY TO SECURE PAYMENT OF THE PRINCIPAL, INTEREST AND PREMIUM, IF ANY, ON SAID BONDS; PROVIDING FOR THE RIGHTS OF THE HOLDERS OF SUCH BONDS; AUTHORIZING A PRIVATE PLACEMENT AND NEGOTIATED SALE OF SUCH BONDS WITH SUNTRUST BANK; APPROVING THE REGISTRAR AND PAYING AGENT FOR THE BONDS; DESIGNATING THE SERIES 2003 NOTE AS A QUALIFIED TAX-EXEMPT OBLIGATION PURSUANT TO SECTION 265(B)(3) OF THE INTERNAL REVENUE CODE; PROVIDING FOR CERTAIN ADDITIO!\'AL MATTERS IN RESPECT OF SAID BONDS; PROVIDING FOR SEVERABILITY AND PROVIDING FOR AN EFFECTIVE DATE. BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF CASSELBERRY, FLORIDA: ARTICLE I GENERAL SECTION 1.01 DEFINITIONS. When used in this Resolution, the following temlS shall have the following meanings, unless the context clearly otherwise requires: "Act" shall mean Chapter 166, Florida Statutes, Section 212.055(2), Florida Statutes, the City Charter of the City of Casselberry and other applicable provisions oflaw. "Additional Bonds" shall mean the obligations issued at any time under the provisions of Section 6.02 hereof on a parity with the Series 2003 Note. "Additional Project" shall mean the acquisition, construction and improvement of such properties as may be financed by a pledge of the Pledged Funds pursuant to the Act.