HomeMy WebLinkAboutR-1984-021 i
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RESOLUTION NO. 21-84
A RESOLUTION OF THE CITY OF DANIA, FLORIDA,
APPROVING AND ADOPTING THE FORM OF PROMISSORY
NOTE TO BE USED IN THE INSTALLMENT PAYMENTS
OF WATER AND/OR SEWER CONNECTION IMPACT FEES
FOR RESIDENTIAL UNITS IN EXISTENCE AT THE TIME j
OF ENACTMENT OF THE IMPACT FEE ORDINANCE I
(ORDINANCE NO. 7) OR IN AN UNINCORPORATED AREA
WHICH HAS BEEN SUBSEQUENTLY ANNEXED TO THE i
CITY OF DANIA, FLORIDA; AND PROVIDING THAT ALL
RESOLUTIONS IN CONFLICT HEREWITH BE REPEALED
TO THE EXTENT OF SUCH CONFLICT ; AND PROVIDING
FOR AN EFFECTIVE DATE.
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BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF DANIA,
FLORIDA:
Section 1. That the Promissory Note in the form as set forth
in "Exhibit A" which is attached hereto and made a part hereof be ,
and the same is hereby approved and adopted for use in connection
with installment payments of water and/or sewer connection impact
fees for residential units in existence at the time of enactment
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of the connection impact fee ordinance or located in an unincor-
porated area at the time of said enactment and which has been
subsequently annexed to the City of Dania, Florida.
Section 2 . That all resolutions or parts of resolutions in
conflict herewith are hereby repealed to the extent of such con-
flict .
Section 3. That this resolution shall be in force and take
effect immediately upon its passage and adoption.
PASSED AND ADOPTED this 8th day of May 1984 .
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MAYOR - COMMIS
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ATTEST:
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CITY� YCf �lC TY CLERK '- AUDITOR
APPROVED FOR FORM AND CORRECTNESS
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I B
K • ADLER, City Attorney I 1
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U
y
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$ DANIA, FLORIDA 1984
As herein provided below next after date
promise(s) to pay to the order of the
CITY OF DANIA, ' Florida, at
100 West Beach Boulevard
I; Dania, Florida, 33004
D
� OLLARS ,
s
FOR VALUE RECEIVED , with interest from date hereof at twelve (12) F
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percent per annum until paid, payable :
In five (5) annual installments of
Dollars each, plus
accrued interest , beginning on the day of
1985 , and continuing on the
day of of each year there-
after until both principal and accrued interest
are fully paid.
The Maker reserves the right to prepay the en-
tire principal balance at any time without
payment of penalty.
N.B. This note is given to the City of Dania,
Florida, in payment of water connection impact
j fees required to be paid by Article I , Chapter
1 27 , of the Code of Ordinances of the City of
Dania.
Payments shall be applied first to interest on the principal
balance , and the remainder on principal . Default for thirty (30)
days in any payment shall cause the full amount hereof to fall E
due and payable without notice or demand . Deferred payments to
bear interest from maturity at fifteen (15) percent per annum,
payable on demand.
In the event this note is placed in the hands of an attorney for
collection, the Maker hereof will repay on demand all costs and
expenses arising therefrom, including reasonable attorney' s fees ,
with interest thereon at the rate of twelve (12) percent per
annum until paid.
The Makers , Endorsers and Guarantors hereof and all others who
may become liable for all or any part of this obligation sever-
ally waive presentment for payment , protest , and notice of
protest and of non-payment , and consent to any number of renewals
or extensions of time payment hereof. Any such renewals or exten-
sions may be made without notice to any of said parties and without
I affecting their liability.
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(Seal)
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(Seal) ^'
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EXHIBIT A
Impact Fees Note