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1994-42 Supporting 1 Cent Sales Tax or Capital Improvement Bond Issue for New SchoolsRESOLUTION NO. 94 - 42 A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF PARKLAND, FLORIDA DIRECTED TO THE SCHOOL BOARD OF BROWARD COUNTY, FLORIDA (SCHOOL BOARD), EXPRESSING SUPPORT FOR A ONE CENT SALES TAX WITH A SUNSET PROVISION OR CAPITAL IMPROVEMENT BOND ISSUE FOR SCHOOL CONSTRUCTION IN BROWARD COUNTY, FLORIDA CONDITIONED UPON THE SCHOOL BOARD PROVIDING THE CITY, THE PUBLIC AND ALL CITIES IN BROWARD COUNTY, FLORIDA WITH AN EXPLANATION DETAILING, TO THE SATISFACTION OF THE CITY, THE PROPOSED SOURCES AND USES OF THE MONIES TO BE DERIVED FROM A ONE CENT SALES TAX OR CAPITAL IMPROVEMENT BOND, INCLUDING A BREAKDOWN OF THE ESTIMATED CONSTRUCTION COSTS, ARCHITECTURAL AND ENGINEERING FEES, LAND ACQUISITION COSTS, HARD COSTS; AND PROVIDED, FURTHER, THAT THE SCHOOL BOARD PROVIDES THE CITY, THE PUBLIC AND ALL CITIES IN BROWARD COUNTY, FLORIDA, ASSURANCES, TO THE SATISFACTION OF THE CITY, OF THE PROCEDURES (SUCH AS AUDITS BY AN INDEPENDENT CERTIFIED PUBLIC ACCOUNTANT) TO BE INSTITUTED TO ASSURE ANNUAL ACCOUNTABILITY OF USE OF THE FUNDING SOURCE SOLELY FOR ITS STATED PURPOSES; AND PROVIDED FURTHER THAT SUCH FUNDING SOURCE SHALL BE USED EXCLUSIVELY FOR CAPITAL IMPROVEMENT PURPOSES AND BE RESTRICTED FROM ANY TRANSFER FOR OPERATIONAL PURPOSES; AND PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, the school construction crisis is a potential educational disaster for the people of Broward County, Florida; and WHEREAS, this man-made disaster will affect the lives of residents of the City of Parkland, and all other similar situated residents of Broward County, Florida; and WHEREAS, the School Board is now requesting support from the City of Parkland and other municipalities and public officials for a One Cent Sales Tax increase or Capital Improvement Bond Issue; and RESOLUTION NO. 94 - 42 PAGE 2 WHEREAS, the City Commission of the City of Parkland, Florida, desires to express support for a One Cent Sales Tax or Capital Improvement Bond Issue proposed by the School Board for the construction of schools (new schools, replacement schools, and school renovations) in Broward County, Florida, which support is expressly conditioned upon the below described matters; and WHEREAS, the City's support for the One Cent Sales Tax or Capital Improvement Bond Issue is conditioned upon the School Board providing the City, the public and all Cities in Broward County, Florida, with an explanation detailing, to the satisfaction of the City, the proposed sources and uses of the monies to be derived from a One Cent Sales Tax or Capital Improvement Bond Issue, including a breakdown of the estimated construction costs, architectural and engineering fees, land acquisitions costs, hard costs; and WHEREAS, the City's support for a One Cent Sales Tax or Capital Improvement Bond Issue is further conditioned upon the School Board providing the City, the public and all Cities in Broward County, Florida, with assurances detailing, to the satisfaction of the City, the procedures to be instituted, such as audits by an independent Certified Public Accountant, to assure annual accountability of the use of such funding sources solely for the above stated purposes; and RESOLUTION NO. 94 - 42 PAGE 3 WHEREAS, the City's support for a One Cent Sales Tax or Capital Improvement Bond Issue is further conditioned upon such funding source to be used exclusively for capital improvement purposes delineated in a Board approved plan for capital construction and be specifically restricted from any transfer for operational purposes; and WHEREAS, the City's support for a One Cent Sales Tax is conditioned upon a five, six, or seven year Sunset Provision; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF PARKLAND, FLORIDA, that: Section 1. The City Commission of the City of Parkland, Florida, hereby expresses support for a One Cent Sales Tax or Capital Improvement Bond Issue proposed by the School Board of Broward County, Florida (School Board) for the construction of schools (new schools, replacement schools, and school renovations) in Broward County, Florida to alleviate the existing school construction crisis in Broward County, Florida, which support is specifically conditioned upon the matters described in sections 2, 3, 4, and 5 hereof. Section 2. The support of the City Commission of the City of Parkland, Florida, for a One Cent Sales Tax or Capital Improvement Bond Issue is conditioned upon the School Board providing the City, the public and all Cities in Broward County, Florida, with an explanation detailing, to the satisfaction of the City, the proposed sources and uses of the monies to be derived RESOLUTION NO. 94 - 42 PAGE 4 from a One Cent Sales Tax or Capital Improvement Bond Issue, including a breakdown of the estimated construction costs, architectural and engineering fees, land acquisitions costs, hard costs. Section 3. The support of the City Commission of the City of Parkland, Florida, for a One Cent Sales Tax or Capital Improvement Bond Issue is further conditioned upon the School Board providing the City, the public and all Cities in Broward County, Florida, with assurances detailing, to the satisfaction of the City, the procedures to be instituted (such as audits by an independent Certified Public Accountant) to assure annual accountability of the use of such funding source solely for above stated purposes. Section 4. The support of the City Commission of the City of Parkland, Florida, for a One Cent Sales Tax or Capital Improvement Bond Issue is further conditioned upon being used exclusively for capital improvement purposes delineated in a Board approved plan of capital construction and be specifically restricted from any transfer for operational purposes. Section 5. The support of the City Commission of the City of Parkland, Florida, for a One Cent Sales Tax is conditioned upon a 5, 6, or 7 year Sunset Provision. Section 6. The City Commission of the City of Parkland, Florida, hereby directs the City Clerk to forward copies of this Resolution to all members of the School Board of Broward County, Florida and all interested parties. RESOLUTION NO. 94 - 42 PAGE 5 Section 7. This Resolution shall become effective immediately upon its passage and adoption. PASSED AND ADOPTED THIS 20 DAY OF JULY 1994. "d"7 SAL P LIARA, R SUSAN ARMSTRONG, C.M.C., ITY CLERK