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File #: RES. NO. 2025-17    Version: 1 Name: Capital Improvement Revenue Bonds Series 2025
Type: Resolution Status: Agenda Ready
File created: 8/12/2025 In control: City Council
On agenda: 8/26/2025 Final action:
Title: A Resolution of the City of Venice, Florida Authorizing the Issuance of not to Exceed $17,500,000 in Aggregate Principal Amount City of Venice, Florida Capital Improvement Revenue Bonds, Series 2025 for the Purpose of Financing and/or Reimbursing Costs of Acquiring, Constructing and Equipping the New Fire Station #52, an EOC Storage Facility and a New Solid Waste/Recycling and Fleet Maintenance Facility within the City; Covenanting to Budget and Appropriate Legally Available Non-Ad Valorem Revenues to Provide for the Payment Thereof; Making Certain Covenants and Agreements for the Benefit of the Holders of Such Bonds; Authorizing Certain Officials and Employees of the City to Take All Actions Required in Connection with the Sale, Issuance and Delivery of Such Bonds; Taking Certain Other Actions with Respect to Such Bonds; Authorizing and Approving the Negotiated Sale of Such Bonds to the Underwriter Named Herein Subject to the Terms and Conditions Contained Herein; Approving the Form a...
Attachments: 1. Memorandum, 2. Bond Resolution, 3. Exhibit A - Form of Bond Purchase Agreement, 4. Exhibit B - Form of Continuing Disclosure Certificate, 5. Exhibit C - Form of Preliminary Official Statement
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Title

A Resolution of the City of Venice, Florida Authorizing the Issuance of not to Exceed $17,500,000 in Aggregate Principal Amount City of Venice, Florida Capital Improvement Revenue Bonds, Series 2025 for the Purpose of Financing and/or Reimbursing Costs of Acquiring, Constructing and Equipping the New Fire Station #52, an EOC Storage Facility and a New Solid Waste/Recycling and Fleet Maintenance Facility within the City; Covenanting to Budget and Appropriate Legally Available Non-Ad Valorem Revenues to Provide for the Payment Thereof; Making Certain Covenants and Agreements for the Benefit of the Holders of Such Bonds; Authorizing Certain Officials and Employees of the City to Take All Actions Required in Connection with the Sale, Issuance and Delivery of Such Bonds; Taking Certain Other Actions with Respect to Such Bonds; Authorizing and Approving the Negotiated Sale of Such Bonds to the Underwriter Named Herein Subject to the Terms and Conditions Contained Herein; Approving the Form and Authorizing the Distribution of a Preliminary Official Statement and Execution and Delivery of a Final Official Statement; Authorizing Certain Officials to Deem Final the Preliminary Official Statement for Purposes of Securities and Exchange Commission Rule 15C2 12; Approving the Form and Authorizing the Execution and Delivery of a Bond Purchase Agreement; Appointing the Paying Agent and Registrar; Approving the Form and Authorizing the Execution and Delivery of a Continuing Disclosure Certificate; Providing Certain Other Matters Relating to the Series 2025 Bonds; Providing for Conflicts; Providing for Severability; and Providing an Effective Date