Title
MOTION TO ADOPT PROPOSED RESOLUTION NO. 2026-R-16.
PROPOSED RESOLUTION NO. 2026-R-16 IS A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF PEMBROKE PINES, FLORIDA, SUBMITTING TO REFERENDUM A QUESTION TO THE REGISTERED ELECTORS OF THE CITY OF PEMBROKE PINES AUTHORIZING THE ISSUANCE OF NOT EXCEEDING EIGHTY MILLION DOLLARS ($80,000,000) AGGREGATE PRINCIPAL AMOUNT (WITHOUT REGARD TO ORIGINAL ISSUE DISCOUNT OR PREMIUM) OF GENERAL OBLIGATION BONDS OF THE CITY OF PEMBROKE PINES, FLORIDA, IN ONE OR MORE SERIES, FOR A POLICE-FIRE PUBLIC SAFETY COMPLEX; PROVIDING FOR NOTICE OF THE BOND REFERENDUM ELECTION TO BE PUBLISHED IN ACCORDANCE WITH THE CHARTER AND CODE OF ORDINANCES OF THE CITY OF PEMBROKE PINES, FLORIDA, AND CHAPTER 100, FLORIDA STATUTES, AS AMENDED; PROVIDING FOR THE PLACE AND PLACES WHERE THE BOND REFERENDUM ELECTION IS TO BE HELD; PROVIDING FOR AUTHORIZATION AND DIRECTION TO THE CITY CLERK TO PERFORM CERTAIN DUTIES AND FUNCTIONS IN ACCORDANCE WITH THIS RESOLUTION; AND PROVIDING FOR AN EFFECTIVE DATE.
Summary Explanation and Background
SUMMARY EXPLANATION AND BACKGROUND:
1. The City of Pembroke Pines, Florida (the "City") has determined that a new police and fire public safety complex ( the“Project”) is needed for public safety reasons; and
2. The City Commission of the City (the “City Commission”) finds that it is necessary and desirable to construct and equip the Project; and
3. It is a municipal and public purpose to pay the cost of the Project through the issuance of general obligation bonds of the City, payable from ad valorem taxes, as hereinafter provided, to serve the health, safety, and welfare of all the citizens and residents of Pembroke Pines, Florida; and
4. The City Commission hereby determines that it serves a paramount public purpose that the Project be constructed, renovated and replaced and that it is in the best interest of the City to issue general obligation indebtedness to finance a portion of the costs of the Project; and
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