1969-01DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
AMENDMENT TO OFFER
Project No. PFL -Fla -124
Sewer Facilities
City of Clermont, Florida
Contract No. H- 302 -3495
Amendment No. 1
January 23, 1969
WHEREAS, on September 6, 1968, the United States of America, acting
through the Department of Housing and Urban Development, made an Offer to the
City of Clermont, Florida for certain financial assistance; and
WHEREAS, by resolution of its governing body the City did accept said
Offer on September 24, 1968; and
WHEREAS, the parties to said Agreement are desirous of effecting
certain changes therein;
NOW, THEREFORE, the United States of America offers to amend said Loan
Agreement in the following respect, to wit:
By deleting the Bond Specifications, marked Exhibit C, of the Offer,
and substituting in lieu thereof, new Bond Specifications, Exhibit C, as attached
hereto.
Upon the acceptance of this Amendment to Offer, the Offer as then
amended, together with the Terms and Conditions referred to, shall become the
"Loan Agreement" as amended.
This Amendment to Offer must be accepted within 60 days from the above
date.
UNITED STATES OF AMERICA
Secretary of Housing and Urban Development
By
Assistant Regional Administrator
for Metropolitan Development
EXHIBIT C
Project No. PFL- Fla -124
Revised January 9, 1969
Sewer Facilities
SECURITY SPECIFICATIONS: Clermont, Florida
(substantially as follows)
Special Assessment Certificates
Aggregate Principal Amount of Special Assessment Certificates: $800,000
Designation: Sanitary Sewerage Improvement System Certificates
Type: Special Obligation, Negotiable, Term, Coupon Certificates
Security: The Special Assessment Certificates shall be secured by a first,
exclusive and closed lien on the proceeds to be derived from all
special assessments levied and collected from the Sanitary Sewer
Improvement Area, including all interest and penalties thereon,
and the proceeds received by the City from the sale of land or
real estate sold or foreclosed on to satisfy said assessment, as
provided by law.
Date: April 1, 1969 Interest Rate: 41/2%
Denomination: $5,000 Certificate Numbers: 1 -160, inclusive
Interest Payment Dates: First payment on April 1, 1970, and annually thereafter
on April 1 of each year.
Maturities as of April 1:
Amount Year
$800,000 1980
Place of Payment: At the principal office of the depository, which is a member
of the Federal Deposit Insurance Corporation, to be designated
by ordinance or resolution of the Issuer, or at the option of
the Holder, at the main office of a bank or trust company
in the Borough of ;Manhattan, City and State of New York,
Redemption Provisions: The Certificates shall be redeemable prior to maturity,
at the option of the Issuer, in whole or in part, at par
and accrued interest to date of redemption, upon notice
of not less than 30 days prior to the date of redemption,
Registration Privileges: Registrable as to principal only.
DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
AMENDMENT TO OFFER
Project No. PFL -Fla -124
Sewer Facilities
City of Clermont, Florida
Contract No. H- 302 -3495
Amendment No. 1
January 23, 19b9
WHEREAS, on September 6, 1968, the United States of America, acting
through the Department of Housing and Urban Development, made an Offer to the
City of Clermont, Florida for certain financial assistance; and
WHEREAS, by resolution of its governing body the City did accept said
Offer on September 24, 1968; and
WHEREAS, the parties to said Agreement are desirous of effecting
certain changes therein;
NOW, THEREFORE, the United States of America offers to amend said Loan
Agreement in the following respect, to wit:
By deleting the Bond Specifications, marked Exhibit C, of tiA, oticr,
and substituting in lieu thereof, new Bond Specifications, Exhibit C, as attached
hereto.
Upon the acceptance of this Amendment to Offer, the Offer as then
amended, together with the Terms and Conditions referred to shall become the
"Loan Agreement" as amended.
This Amendment to Offer must be accepted within 60 days from the above
date.
UNITED STATES OF AMERICA
Secretary of Housing and Urban Development
By
Assistant regional administrator
for Metropolitan Development
EXHIBIT C
Project No. PFL -Fla -124
Revised January 9, 1969 Sewer Facilities
SECURITY SPECIFICATIONS: Clermont, Florida
(substantially as follows)
Special Assessment Certificates
Aggregate Principal Amount of Special Assessment Certificates: $800,000
Designation: Sanitary Sewerage Improvement System Certificates
Type: Special Obligation, Negotiable, Term, Coupon Certificates
Security: The Special Assessment Certificates shall be secured by a first,
exclusive and closed lien on the proceeds to be derived from all
special assessments levied and collected from the Sanitary Sewer
Improvement Area, including all interest and penalties thereon,
and the proceeds received by the City from the sale of land or
real estate sold or foreclosed on to satisfy said assessment, as
provided by law.
Date: April 1, 1969 Interest Rate: 41/2%
Denomination: $5,000 Certificate Numbers: 1 -160, inclusive
Interest Payment Dates: First payment on April 1, 1970, and annually thereafter
on April 1 of each year.
Maturities as of April 1:
Amount Year
$800,000 1980
Place of Payment: At the principal office of the depository, wt;rr ,s a _
of the Federal Deposit Insurance Corporation, to be designated
by ordinance or resolution of the Issuer, or at the option of
the Holder, at the main office of a bank or trust company
in the Borough of Manhattan, City and State of New York.
Redemption Provisions: The Certificates shall be redeemable prior to maturity,
at the option of the Issuer, in whole or in part, at par
and accrued interest to date of redemption, upon notice
of not less than 30 days prior to the date of redemption.
Registration Privileges: Registrable as to principal only.
-1- ,
•
ACCEPTANCE OF AMENDMENT TO OFFER
WHEREAS, there was filed with the Government in behalf of the
City of Clermont
(herein called the "Applicant") an application, Project No.
for Federal assistance under the Public Facility Loans Program, Public Law 345,
84th Cengress, as amended, and the Department of
has transmitted to the Applicant for
acceptance an Offer dated October, 28 assistance
in connectien with the Project referred to in said applicaion and described
in said Offer; and
WHEREAS, by resolution of the governing body, the applicant accepted
said offer, said amendment to offer being dated the
WHEREAS, both parties are desirous of effecting certain amendments
unto the Loan Agreement; and
WHEREAS, the Government has transmitted to Applicant Amendment No.
1 to Offer said Amendment to Offer being dated the day of
19 and
WHEREAS, said Amendment No. 1 to offer has been duly read in
open meeting, fully considered in accordance with all pertient rules 0f
procedure and legal requirements, and made a part of the applicant's public
records; and
WHEREAS it is deemed advisable in the puplic interest that said
Amendment to Offer be accepted;
NOW, THEREFORE, be it Resolved by the City Council
that the said Amendment to Offer, a
true and correct copy of which is attached hereto, be and the same is hereby
accepted without reservation or qualification
Passed by the aforementioned governing body of the Applicant on the
28th day of January 1969
City Clerk
Date January 28, 1969
Approved as a Valid Acceptance
the above mentioned Amendment to Offer
Attorney at Law
Richard H. Langley
Typed Name of Attorney
630 Montrose Street, Clermont,Florida
CERTIFICATE
I Dolores W. Carroll, do hereby certify that I am
City Clerk of the City of Clermont
Florida and as such am custodian of its records.
I further certify that the above and foreeing is a true and correct copy Of
a resolution of the said govereing body of the City of Cl ermont,
Florida duly adopted at a meeting held and convened on the 28th day of
January 1969City Clerk