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| 1 | CHAMBER ACTION | ||
| 2 | |||
| 3 | |||
| 4 | |||
| 5 | |||
| 6 | The Committee on Local Government & Veterans' Affairs recommends | ||
| 7 | the following: | ||
| 8 | |||
| 9 | Committee Substitute | ||
| 10 | Remove the entire bill and insert: | ||
| 11 | A bill to be entitled | ||
| 12 | An act relating to the City of Delray Beach, Palm Beach | ||
| 13 | County; providing for codification of existing special | ||
| 14 | laws relating to the creation, powers, and duties of the | ||
| 15 | Delray Beach Downtown Development Authority; codifying, | ||
| 16 | amending, reenacting, and repealing chapters 71-604, 72- | ||
| 17 | 524, 80-495, 87-520, 89-477, 91-385, 92-263, 94-476, and | ||
| 18 | 98-503, Laws of Florida; providing an effective date. | ||
| 19 | |||
| 20 | Be It Enacted by the Legislature of the State of Florida: | ||
| 21 | |||
| 22 | Section 1. Pursuant to section 189.429, Florida Statutes, | ||
| 23 | this act constitutes the codification of all special acts | ||
| 24 | relating to the Delray Beach Downtown Development Authority. It | ||
| 25 | is the intent of the Legislature in enacting this law to provide | ||
| 26 | a single, comprehensive special act charter for the Authority, | ||
| 27 | including all current legislative authority granted to the | ||
| 28 | Authority by its several legislative enactments. | ||
| 29 | Section 2. Chapters 71-604, 72-524, 80-495, 87-520, 89- | ||
| 30 | 477, 91-385, 92-263, 94-476, and 98-503, Laws of Florida, are | ||
| 31 | codified, reenacted, and repealed as herein provided. | ||
| 32 | Section 3. The charter for the Delray Beach Downtown | ||
| 33 | Development Authority Act is reenacted and re-created to read: | ||
| 34 | Section 1. SHORT TITLE.--This Act shall be known and may | ||
| 35 | be cited as the "Delray Beach Downtown Development Authority | ||
| 36 | Act." | ||
| 37 | Section 2. DEFINITIONS AND RULES OF CONSTRUCTION.--Unless | ||
| 38 | qualified in the text, the following definitions and rules of | ||
| 39 | construction shall apply hereto: | ||
| 40 | (a) "Authority" means the Delray Beach Downtown | ||
| 41 | Development Authority hereby created, and any successor to its | ||
| 42 | functions, authority, rights, and obligations. | ||
| 43 | (b) "City" and "Delray Beach" mean the City of Delray | ||
| 44 | Beach, Florida. | ||
| 45 | (c) "City Council" means the Delray Beach City Council and | ||
| 46 | any succeeding governing body of the City. | ||
| 47 | (d) "Downtown" and "Downtown area" mean the area herein | ||
| 48 | described and to which this Act primarily relates, including the | ||
| 49 | central business district and its environs. | ||
| 50 | (e) "Herein," "hereby," "hereof," and similar compounds | ||
| 51 | refer to the entire Act. | ||
| 52 | (f) "Including" shall be construed as merely introducing | ||
| 53 | illustrative examples and not as limiting in any way the | ||
| 54 | generality of the inclusive term. | ||
| 55 | (g) "Majority" without qualification means a majority of a | ||
| 56 | quorum. | ||
| 57 | (h) "State" means the State of Florida. | ||
| 58 | Section 3. DOWNTOWN AREA DESCRIPTION.--The Downtown | ||
| 59 | area includes all lands lying within boundaries described | ||
| 60 | as: | ||
| 61 | Beginning at a point on the intersection of the High | ||
| 62 | Water Mark of the Atlantic Ocean and the easterly | ||
| 63 | projection of the north line of the south half of Lot | ||
| 64 | 13, Plat of the Fractional East Half Section 16, | ||
| 65 | Township 46 South, Range 43 East (according to the | ||
| 66 | Plat thereof as recorded in Plat Book 1, page 25 of | ||
| 67 | the Public Records of Palm Beach County, Florida); | ||
| 68 | thence in a westerly direction along said easterly | ||
| 69 | projection, and the north line of the south half of | ||
| 70 | said Lot 13, and the westerly projection thereof, to | ||
| 71 | the centerline of the right of way for Andrews Avenue; | ||
| 72 | thence southerly along said centerline to the easterly | ||
| 73 | projection of the south property line of the Beach | ||
| 74 | Cabanas Condominium; thence westerly along said | ||
| 75 | easterly projection, and said south property line to | ||
| 76 | the west property line of the Beach Cabanas | ||
| 77 | Condominium; thence northerly along the west property | ||
| 78 | line of said Beach Cabanas Condominium to the south | ||
| 79 | property line of the Grove Condominium; thence | ||
| 80 | westerly along said south property line to the east | ||
| 81 | plat limit of Seabreeze Park Subdivision (according to | ||
| 82 | the plat thereof as recorded in Plat Book 4, Page 31 | ||
| 83 | of the Public Records of Palm Beach County, Florida); | ||
| 84 | thence north along said east plat limit to the | ||
| 85 | northeast corner of Lot 21, of said Plat of Seabreeze | ||
| 86 | Park; thence westerly along the north line of said Lot | ||
| 87 | 21 and the westerly projection thereof to the west | ||
| 88 | plat limit of Seabreeze Park; thence southerly along | ||
| 89 | said west plat limit to the southeast corner of Lot | ||
| 90 | 29, Lowry Park Estates (according to the plat thereof | ||
| 91 | as recorded in Plat Book 24, Page 156 of the Public | ||
| 92 | Records of Palm Beach County, Florida); thence in a | ||
| 93 | northwesterly direction to the southwest corner of | ||
| 94 | said Lot 29; thence continuing along the extension of | ||
| 95 | said line to the intersection with the west right of | ||
| 96 | way line of East Road (as shown on the said plat of | ||
| 97 | Lowry Park Estates); thence southwesterly along said | ||
| 98 | west right of way line to the northeast corner of Barr | ||
| 99 | Terrace Condominium; thence southerly along the east | ||
| 100 | property line of the Barr Terrace Condominium and the | ||
| 101 | southerly extension thereof to a point of intersection | ||
| 102 | with the south right of way line of East Atlantic | ||
| 103 | Avenue (also known as State Road 806); thence westerly | ||
| 104 | along said south right of way line of East Atlantic | ||
| 105 | Avenue to the intersection of the centerline of the | ||
| 106 | Intracoastal Waterway right of way; thence northerly | ||
| 107 | along said centerline of the Intracoastal Waterway to | ||
| 108 | the intersection with the easterly projection of the | ||
| 109 | centerline of N.E. 1st Street right of way; thence | ||
| 110 | westerly along said easterly projection, and the | ||
| 111 | centerline of N.E. 1st Street right of way to a point | ||
| 112 | of intersection with the southerly projection of the | ||
| 113 | west line of Lot 20, Block 115, Town of Linton | ||
| 114 | (according to the plat thereof as recorded in Plat | ||
| 115 | Book 1, Page 3 of the Public Records of Palm Beach | ||
| 116 | County, Florida); thence northerly along said | ||
| 117 | southerly projection of the west line of said Lot 20 | ||
| 118 | to the southwest corner of said Lot 20; thence | ||
| 119 | northerly along the west lot lines of Lots 20, 19, 18, | ||
| 120 | 17, 16, 15, 14, 13, 12 and 11 of said Block 115 to the | ||
| 121 | northwest corner of Lot 11, of said Block 115; thence | ||
| 122 | northerly along the northern projection of the west | ||
| 123 | line of said Lot 11 to the southwest corner of Lot 20, | ||
| 124 | Block 114, said plat of the Town of Linton; thence | ||
| 125 | northerly along the west line of Lots 20, 19, 18, 17, | ||
| 126 | 16, 15, 14, 13, 12, and Lot 11 of said Block 114, to | ||
| 127 | the northwest corner of Lot 11, of said Block 114; | ||
| 128 | thence northerly along the northern projection of the | ||
| 129 | west line of said Lot 11 to the southwest corner of | ||
| 130 | Lot 14, Block 113, Highland Park (according to the | ||
| 131 | plat thereof as recorded in Plat Book 2, Page 79 of | ||
| 132 | the Public Records of Palm Beach, Florida); thence | ||
| 133 | northerly along the west line of Lots 14, 13, 12, 11, | ||
| 134 | 10, 9, 8, 7, 6, 5, 4, 3, 2, and 1 of said Block 113 | ||
| 135 | to the northwest corner of Lot 1, of said Block 113; | ||
| 136 | thence northerly along the northern projection of the | ||
| 137 | west line of said Lot 1 to the intersection with the | ||
| 138 | centerline of the right of way of N.E. 4th Street; | ||
| 139 | thence westerly along said centerline of N.E. 4th | ||
| 140 | Street to the centerline of the right of way of N.E. | ||
| 141 | 1st Avenue; thence southerly along said centerline of | ||
| 142 | N.E.1st Avenue to the intersection with the centerline | ||
| 143 | of the right of way of N.E. 3rd Street; thence | ||
| 144 | easterly along said centerline of N.E. 3rd Street to | ||
| 145 | the intersection of the northern projection of the | ||
| 146 | east property line of Lot 1, Block 74, plat of the | ||
| 147 | Subdivision of Block 74 (according to the plat thereof | ||
| 148 | as recorded in Plat Book 11, Page 12 of the Public | ||
| 149 | Records of Palm Beach, Florida); thence southerly | ||
| 150 | along said projection, to the northeast corner of Lot | ||
| 151 | 1 of said plat of the Subdivision of Block 74; thence | ||
| 152 | southerly along the east line of Lots 1, 2, 3, 4, 5, | ||
| 153 | 6, 7, 8, 9, 10, 11, and 12, and the southerly | ||
| 154 | projection of the east line of Lot 12 of said plat of | ||
| 155 | the Subdivision of Block 74 to the northeast corner of | ||
| 156 | Lot 1, Block 75, said plat of the Town of Linton; | ||
| 157 | thence southerly along the east line of Lots 1, 2, 3, | ||
| 158 | 4, 5, and 6, said Block 75, to the northeast corner of | ||
| 159 | Lot 7 of said Block 75; thence westerly along the | ||
| 160 | north line of Lot 7, Block 75 and the westerly | ||
| 161 | projection of said north line of Lot 7, Block 75, to | ||
| 162 | the centerline of the N.E.1st Avenue right of way; | ||
| 163 | thence southerly along said centerline of N.E.1st | ||
| 164 | Avenue right of way to its intersection with the | ||
| 165 | centerline of N.E.1st Street; thence westerly along | ||
| 166 | said centerline of N.E.1st Street to the intersection | ||
| 167 | with the centerline of the Swinton Avenue right of way | ||
| 168 | and N.W. 1st Street; thence in a westerly direction | ||
| 169 | along the centerline of N.W. 1st Street to a point of | ||
| 170 | intersection with the centerline of N.W. 3rd Avenue; | ||
| 171 | thence in a southerly direction along the centerline | ||
| 172 | of N.W. 3rd Avenue to a point of intersection with the | ||
| 173 | easterly extension of the north lot line of Lot 6, | ||
| 174 | Revised Plat of Block 36, Plat Book 5, Page 38, as | ||
| 175 | recorded in the public records of Palm Beach County, | ||
| 176 | Florida; thence in a westerly direction along said | ||
| 177 | extension, and the north line of said Lot 6, and the | ||
| 178 | westerly extension thereof, to a point of intersection | ||
| 179 | with the centerline of the north/south alley of said | ||
| 180 | Revised Plat of Block 36; thence in a northerly | ||
| 181 | direction along said centerline to a point of | ||
| 182 | intersection with the easterly extension of the south | ||
| 183 | line of Lot 21, of said Revised Plat of Block 36; | ||
| 184 | thence in a westerly direction along said extension | ||
| 185 | line, and the south line of said Lot 21, and the | ||
| 186 | westerly extension thereof, to a point of intersection | ||
| 187 | with the centerline of N.W. 4th Avenue; thence in a | ||
| 188 | north erly direction along said centerline to a point | ||
| 189 | of intersection with the centerline of N.W. 1st | ||
| 190 | Street; thence in a westerly direction along the | ||
| 191 | centerline of N.W.1st Street to a point of | ||
| 192 | intersection with the southerly extension of the | ||
| 193 | centerline of the north-south alley of Block 27, said | ||
| 194 | plat of the Town of Linton (north half of block has | ||
| 195 | since been replatted to the Plat of Resubdivision of | ||
| 196 | Block 27, Plat Book 21, page 43, as recorded in the | ||
| 197 | Public records of Palm Beach County, Florida); thence | ||
| 198 | in a northerly direction along said extension line and | ||
| 199 | said centerline of the north-south alley, and the | ||
| 200 | northerly extension of said centerline to point of | ||
| 201 | intersection with the centerline of N.W. 2nd Street; | ||
| 202 | thence in a westerly direction along the centerline of | ||
| 203 | N.W. 2nd Street to a point of intersection with the | ||
| 204 | northerly extension of the west line of Lot 1, Plat of | ||
| 205 | Melvin S. Burd Subdivision, Plat Book 11, Page 73, as | ||
| 206 | recorded in the public records of Palm Beach County, | ||
| 207 | Florida; thence in a southerly direction along said | ||
| 208 | extension, and west lot lines of Lots 1, 2, 3, 4, 5, | ||
| 209 | 6, 7, and 8, said Plat of Melvin S. Burd Subdivision, | ||
| 210 | to a point at the south west corner of said lot 8; | ||
| 211 | thence in a westerly direction along the westerly | ||
| 212 | extension of the south line of said Lot 8, and the | ||
| 213 | south line of Lot 16, said Plat of Melvin S. Burd | ||
| 214 | Subdivision, to a point of intersection of a line 135 | ||
| 215 | feet east of and parallel with, the west line of Block | ||
| 216 | 19, said plat of the Town of Linton; thence in a | ||
| 217 | southerly direction along said parallel line to a | ||
| 218 | point of intersection with a line 135 feet north of | ||
| 219 | and parallel with, the south line of said Block 19; | ||
| 220 | thence in a westerly direction along said line to a | ||
| 221 | point of intersection with a line 165 feet west of and | ||
| 222 | parallel with, the east line of said Block 19; thence | ||
| 223 | in a southerly direction along said line, and | ||
| 224 | southerly extension thereof, to a point of | ||
| 225 | intersection with the centerline of N.W. 1st Street; | ||
| 226 | thence in an easterly direction along said centerline | ||
| 227 | to the point of intersection with the northerly | ||
| 228 | extension of a line 135 feet east of and parallel | ||
| 229 | with, the west line of Block 20, said plat of the Town | ||
| 230 | of Linton; thence in a southerly direction along said | ||
| 231 | extension and parallel line to a point of intersection | ||
| 232 | with a line 300 feet south of and parallel with, the | ||
| 233 | north line of said Block 20; thence in westerly | ||
| 234 | direction along said parallel line to a point of | ||
| 235 | intersection with the west line of said Block 20; | ||
| 236 | thence in a westerly direction to a point at the | ||
| 237 | southeast corner of Lot 17, Block 12, of the Plat of | ||
| 238 | the Monroe Subdivision, Plat Book 14, Page 67, as | ||
| 239 | recorded in the public records of Palm Beach County, | ||
| 240 | Florida; thence in westerly direction along the south | ||
| 241 | line of said Lot 17, and westerly extension thereof, | ||
| 242 | to a point of intersection with the centerline of the | ||
| 243 | north-south alley of said Block 12, Monroe | ||
| 244 | Subdivision; thence in a northerly direction along | ||
| 245 | said centerline to a point of intersection with the | ||
| 246 | easterly extension of the north line of Lot 26, of | ||
| 247 | said Block 12, Monroe Subdivision; thence in a | ||
| 248 | westerly direction along said extension, and north | ||
| 249 | line of said Lot 26, and westerly extension thereof, | ||
| 250 | to a point of intersection with the centerline of N.W. | ||
| 251 | 7th Avenue; thence in a southerly direction along said | ||
| 252 | centerline to a point of intersection with the | ||
| 253 | easterly extension to the south line of Lot 17, Block | ||
| 254 | 4, said Plat of Monroe Subdivision; thence in a | ||
| 255 | westerly direction along said extension, and the south | ||
| 256 | line of said Lot 17, and the westerly extension | ||
| 257 | thereof, and the south line of Lot 26 and 25, Block 4, | ||
| 258 | said Plat of Monroe Subdivision, and the westerly | ||
| 259 | extension of said Lot 25 to a point of intersection | ||
| 260 | with the centerline of N.W. 8th Avenue; thence in a | ||
| 261 | northerly direction along said centerline to a point | ||
| 262 | of intersection with the easterly extension of the | ||
| 263 | south line of the Plat of West Side Heights, Plat Book | ||
| 264 | 13, Page 61, as recorded in the public records of Palm | ||
| 265 | Beach County, Florida; thence in an westerly direction | ||
| 266 | along said extension, and the south line of said Plat | ||
| 267 | of West Side Heights, and the westerly extension | ||
| 268 | thereof, to a point of intersection with the | ||
| 269 | centerline of N.W. 10th Avenue; thence in a southerly | ||
| 270 | direction along said centerline to a point of | ||
| 271 | intersection with the easterly extension of the north | ||
| 272 | line of Lot 11, Block 2, Plat of Atlantic Pines, Plat | ||
| 273 | Book 13, Page 77, as recorded in the public records of | ||
| 274 | Palm Beach County, Florida; thence in a westerly | ||
| 275 | direction along said extension, and the north line of | ||
| 276 | said Lot 11, and the westerly extension of the north | ||
| 277 | line of said Lot 11, and the north line of Lot 30, of | ||
| 278 | said Block 2, and the westerly extension of the north | ||
| 279 | line of Lot 30 to a point of intersection with the | ||
| 280 | centerline of N.W. l1th Avenue; thence in an westerly | ||
| 281 | direction to a point at the northeast corner of Lot | ||
| 282 | 14, Block 1, said Plat of Atlantic Pines; thence in a | ||
| 283 | westerly direction along the north line of said Lot | ||
| 284 | 14, and the westerly extension thereof to a point of | ||
| 285 | intersection with the centerline of the north-south | ||
| 286 | alley in Block 1, said Plat of Atlantic Pines; thence | ||
| 287 | in a southerly direction along said centerline to a | ||
| 288 | point of intersection with the easterly extension of | ||
| 289 | the north line of Lot 34, of said Block 1; thence in a | ||
| 290 | westerly direction along said extension, and the north | ||
| 291 | line of said Lot 34, and the westerly extension | ||
| 292 | thereof, to a point of intersection with the | ||
| 293 | centerline of N.W. 12th Avenue; thence in a southerly | ||
| 294 | direction along said centerline to a point of | ||
| 295 | intersection with the easterly extension of the south | ||
| 296 | line of Lot 21, Block 1, Plat of Atlantic Park | ||
| 297 | Gardens, Plat Book 14, Page 56, as recorded in the | ||
| 298 | public records of Palm Beach County, Florida; thence | ||
| 299 | in a westerly direction along said extension, and | ||
| 300 | south line of said Lot 21, and westerly extension | ||
| 301 | thereof, and the south line of Lot 12, Block 1, said | ||
| 302 | Plat of Atlantic Park Gardens, and the westerly | ||
| 303 | extension thereof, to a point of intersection with | ||
| 304 | centerline of N.W. 13th Avenue; thence in a westerly | ||
| 305 | direction to a point at the southeast corner of Lot | ||
| 306 | 12, Block 1, Plat of Odmanns Subdivision, Plat Book 4, | ||
| 307 | Page 53, as recorded in the public records of Palm | ||
| 308 | Beach County, Florida; thence in a westerly direction | ||
| 309 | along the south line of said Lot 12, and the westerly | ||
| 310 | extension thereof, and the south line of Lot 21, Block | ||
| 311 | 1, said Plat of Odmanns Subdivision, to a point at the | ||
| 312 | southwest corner of said Lot 21; thence in a southerly | ||
| 313 | direction to a point at the northwest corner of Lot | ||
| 314 | 21, Block 4, said Plat of Odmanns Subdivision; thence | ||
| 315 | in an easterly direction along the north line of said | ||
| 316 | Lot 21, and the easterly extension thereof, and the | ||
| 317 | north line of Lot 12, said Block 4, and the easterly | ||
| 318 | extension thereof, to a point of intersection with the | ||
| 319 | centerline of S.W. 13th Avenue; thence in an easterly | ||
| 320 | direction to a point at the northwest corner of Lot | ||
| 321 | 12, Block 2, said Plat of Atlantic Park Gardens; | ||
| 322 | thence in an easterly direction along the north line | ||
| 323 | of said Lot 12, and the easterly extension thereof, | ||
| 324 | and the north line of Lot 21, of said Block 2, and the | ||
| 325 | easterly extension thereof, to a point of | ||
| 326 | intersection with the centerline of S.W. 12th Avenue; | ||
| 327 | thence in a southerly direction along said center line | ||
| 328 | to a point of intersection with the westerly extension | ||
| 329 | of the south line of Lot 13, Block 5, Plat of Atlantic | ||
| 330 | Gardens, Plat Book 14, Page 63, as recorded in the | ||
| 331 | public records of Palm Beach County, Florida; thence | ||
| 332 | in an easterly direction along said extension, and the | ||
| 333 | south line of said Lot 13, and easterly extension | ||
| 334 | thereof, and the south line of Lot 22, and the | ||
| 335 | easterly extension thereof, to a point of intersection | ||
| 336 | with centerline of S.W. 11th Avenue; thence in a | ||
| 337 | southerly direction along said centerline to a point | ||
| 338 | of intersection with the westerly extension of the | ||
| 339 | south line of Lot 15, Block 8, said Plat of Atlantic | ||
| 340 | Gardens; thence in an easterly direction along said | ||
| 341 | extension, and the south line of said Lot 15, and the | ||
| 342 | easterly extension thereof, and the south line of Lot | ||
| 343 | 24, of said Block 8, and the easterly extension | ||
| 344 | thereof, to a point of intersection with the | ||
| 345 | centerline of S.W. 10th Avenue; thence in an easterly | ||
| 346 | direction to a point at the southwest corner of Lot | ||
| 347 | 10, Block 1, Plat of Belair Heights, Plat Book 20, | ||
| 348 | Page 45, as recorded in the public records of Palm | ||
| 349 | Beach County, Florida; thence in an easterly direction | ||
| 350 | along the south line of said Lot 10, and the easterly | ||
| 351 | extension thereof, and the south line of Lot 19, of | ||
| 352 | said Block 1, and the easterly extension thereof, to a | ||
| 353 | point of intersection with the centerline of S.W. 9th | ||
| 354 | Avenue; thence in a southerly direction along said | ||
| 355 | centerline to a point of intersection with the | ||
| 356 | westerly extension of the south line of Lot 6, Block | ||
| 357 | 2, said Plat of Belair Heights; thence in an easterly | ||
| 358 | direction along said extension, and the south line of | ||
| 359 | said Lot 6, to a point at the southeast corner of said | ||
| 360 | Lot 6; thence in a northerly direction along the east | ||
| 361 | line of said Lot 6, and Lot 5, to a point of | ||
| 362 | intersection with a line 250 feet north of, and | ||
| 363 | parallel with, the south line of Lot 9, Plat of the | ||
| 364 | Subdivision of 17-46-43, Plat Book 1, Page 4, as | ||
| 365 | recorded in the public records of Palm Beach County, | ||
| 366 | Florida; thence in an easterly direction along said | ||
| 367 | line to a point of intersection with the centerline of | ||
| 368 | S.W. 8th Avenue; thence in a southerly direction along | ||
| 369 | said centerline to a point of intersection with the | ||
| 370 | westerly extension of the south line of Lot 16, Block | ||
| 371 | 5, Plat of the Subdi vision of Block 5, Plat Book 21, | ||
| 372 | Page 43, as recorded in the public records of Palm | ||
| 373 | Beach County, Florida; thence in an easterly direction | ||
| 374 | along said extension, and the south line of Lot 16 and | ||
| 375 | Lot 25, of said Block 5, and the easterly extension of | ||
| 376 | the south line of said Lot 25, to a point of | ||
| 377 | intersection with the centerline of S.W. 7th Avenue; | ||
| 378 | thence in an easterly direction to the point of | ||
| 379 | intersection of a line 385 feet south of, and parallel | ||
| 380 | with, the north line Block 13, said Plat of the Town | ||
| 381 | of Linton, and the west line of said Block 13; thence | ||
| 382 | in an easterly direction along said parallel line to a | ||
| 383 | point of intersection with a line 135 west of, and | ||
| 384 | parallel with, the east line of said Block 13; thence | ||
| 385 | in a northerly direc tion along the directly | ||
| 386 | aforementioned parallel line to a point of | ||
| 387 | intersection with a line 250 feet north of, and | ||
| 388 | parallel with, the south line of said Block 13; thence | ||
| 389 | in an easterly direction along the directly aforemen | ||
| 390 | tioned parallel line to a point of intersection with | ||
| 391 | the centerline of S.W. 6th Avenue; thence in a | ||
| 392 | northerly direction along said centerline to a point | ||
| 393 | of intersection with a line 290 north of, and parallel | ||
| 394 | with, the south line of Block 21, said Plat of the | ||
| 395 | Town of Linton; thence in an easterly direction along | ||
| 396 | said parallel line to a point of intersection with a | ||
| 397 | line 135 feet east of, and parallel with, the west | ||
| 398 | line of said Block 21; thence in a southerly direction | ||
| 399 | along directly aforementioned parallel line to a point | ||
| 400 | of intersection with the centerline of S.W. 1st | ||
| 401 | Street; thence in an easterly direction along said | ||
| 402 | centerline to a point of intersection with the | ||
| 403 | southerly extension of the west line of Lot 27, Block | ||
| 404 | 29, Plat of the Resubdivision of Blocks 29 & 37, Plat | ||
| 405 | Book 9, Page 66, as recorded in the public records of | ||
| 406 | Palm Beach County, Florida; thence in a northerly | ||
| 407 | direction along said extension, and the west line of | ||
| 408 | Lots 27, 26, 25, 24, 23, 22, 21, 20, 19, 18, 17, 16, | ||
| 409 | 15, 14 (all in said Block 29), to a point at the | ||
| 410 | northwest corner of said Lot 14; thence in an easterly | ||
| 411 | direction along the north line of said Lot 14, and | ||
| 412 | easterly extension thereof, to a point of intersection | ||
| 413 | with the centerline of S.W. 4th Avenue; thence in a | ||
| 414 | southerly direction along said centerline to a point | ||
| 415 | of intersection with the centerline of S.W. 1st | ||
| 416 | Street; thence in an easterly direction along the | ||
| 417 | centerline of S.W. 1st Street to a point of | ||
| 418 | intersection with the centerline of S.W. 3rd Avenue; | ||
| 419 | thence in a southerly direction along the centerline | ||
| 420 | of S.W. 3rd Avenue to a point of intersection with the | ||
| 421 | westerly extension of the south line of the Plat of | ||
| 422 | Palm Beach County South County Judicial Center, Plat | ||
| 423 | Book 60, Page 124, as recorded in the public records | ||
| 424 | of Palm Beach County, Florida; thence in an easterly | ||
| 425 | direction along said extension, and the south line of | ||
| 426 | said Plat of Palm Beach County South County Judicial | ||
| 427 | Center, and easterly extension thereof, to a point of | ||
| 428 | intersection with the centerline of S.W. 2nd Avenue; | ||
| 429 | thence in a northerly direction along said centerline | ||
| 430 | to a point of intersection with the centerline of S.W. | ||
| 431 | 1st Street; thence in an easterly direction along the | ||
| 432 | centerline of S.W. 1st Street to a point of | ||
| 433 | intersection with the centerline of S.W. 1st Avenue; | ||
| 434 | thence in a northerly direction along the centerline | ||
| 435 | of S.W. 1st Avenue to a point of intersection westerly | ||
| 436 | extension of the south line of Lot 1, Block 61, said | ||
| 437 | Plat of the Town of Linton; thence in an easterly | ||
| 438 | direction along said extension, and the south line of | ||
| 439 | Lots 1, 2, 3, 4, said Block 61, and the easterly | ||
| 440 | extension of said Lot 4, to a point of intersection | ||
| 441 | with the centerline of Swinton Avenue; thence | ||
| 442 | southerly along said centerline of Swinton Avenue to | ||
| 443 | its intersection with the westerly projection of the | ||
| 444 | north line of Lot 7, plat of the Subdivision of Block | ||
| 445 | 69, Plat Book 2, Page 43, as recorded in the public | ||
| 446 | records of Palm Beach County, Florida; thence easterly | ||
| 447 | along said westerly projection to the northwest corner | ||
| 448 | of said Lot 7; thence east along the north line of | ||
| 449 | said Lot 7, to the northeast corner of said Lot 7; | ||
| 450 | thence easterly along the westerly projection of the | ||
| 451 | north line of Lot 24, said plat of the Subdivision of | ||
| 452 | Block 69, to the northwest corner of said Lot 24; | ||
| 453 | thence easterly along the north line of said Lot 24 | ||
| 454 | to the northeast corner of said Lot 24; thence | ||
| 455 | easterly along the eastern projection of the north | ||
| 456 | line of said Lot 24 to the intersection with the | ||
| 457 | centerline of the right of way of S.E. 1st Avenue; | ||
| 458 | thence southerly along said centerline of S.E. 1st | ||
| 459 | Avenue to the intersection with the centerline of the | ||
| 460 | right of way of S.E. 2nd Street; thence easterly along | ||
| 461 | said centerline of S.E. 2nd Street to the intersection | ||
| 462 | of the northerly projection of the west line of Lot 2, | ||
| 463 | Roebucks Resubdivision of Block 103 (according to the | ||
| 464 | plat thereof as recorded in Plat Book 28, Page 19 of | ||
| 465 | the Public Records of Palm Beach County, Florida); | ||
| 466 | thence southerly along said northerly projection of | ||
| 467 | the west line of said Lot 2 to the northwest corner of | ||
| 468 | said Lot 2; thence southerly along the west line of | ||
| 469 | Lots 2, 3, 4, 5, 6, 7, 8, 9, 10, and 12 of said | ||
| 470 | Roebucks Resubdivision of Block 103 to the southwest | ||
| 471 | corner of said Lot 12; thence southerly along the | ||
| 472 | south projection of the west line of said Lot 12 to | ||
| 473 | the intersection with the centerline of the right of | ||
| 474 | way of S.E. 3rd Street; thence easterly along said | ||
| 475 | centerline of S.E. 3rd Street to the southerly | ||
| 476 | projection of the west line of Lot 13, Gracey-Byrd | ||
| 477 | Subdivision of Block 119 (according to the plat | ||
| 478 | thereof as recorded in Plat Book 10, Page 52 of the | ||
| 479 | Public Records of Palm Beach County, Florida); thence | ||
| 480 | northerly along said southerly projection of said Lot | ||
| 481 | 13 to the southwest corner of said Lot 13; thence | ||
| 482 | northerly along the west lot line of Lots 13, 14, 15, | ||
| 483 | 16, 17, 18, 19, 20, 21, 22, 23, and 24, of said plat | ||
| 484 | of Gracey-Byrd Subdivision to the northwest corner of | ||
| 485 | Lot 24, of said Gracey-Byrd Subdivision; thence | ||
| 486 | northerly along the northern projection of the west | ||
| 487 | line of said Lot 24 to the southwest corner of Lot 12, | ||
| 488 | subdivision of Block 118 (according to the plat | ||
| 489 | thereof as recorded in Plat Book 2, Page 8 of the | ||
| 490 | Public Records of Palm Beach County, Florida); thence | ||
| 491 | northerly along the west lines of Lots 12, 11, 10, 9, | ||
| 492 | 8, 7, 6, 5, 4, 3, 2, and 1, of said subdivision of | ||
| 493 | Block 118 to the northwest corner of Lot 1 of said | ||
| 494 | subdivision of Block 118; thence northerly along the | ||
| 495 | northern projection of the west line of said Lot 1 to | ||
| 496 | the southwest corner of Lot 24, Block 117, said plat | ||
| 497 | of the Town of Linton; thence northerly along the west | ||
| 498 | line of Lots 24, 23, 22, 21, 20, and 19 of said Block | ||
| 499 | 117, to the southwest corner of Lot 18 of said Block | ||
| 500 | 117; thence easterly along the south line of said Lot | ||
| 501 | 18, and easterly projection thereof, to the east right | ||
| 502 | of way line of S.E. 7th Avenue; thence northerly along | ||
| 503 | the east right of way line of S.E. 7th Avenue to the | ||
| 504 | northwest corner of Lot 12, Palm Square, an unrecorded | ||
| 505 | plat located in Block 125 and Block 133, said plat of | ||
| 506 | the Town of Linton; thence easterly along the north | ||
| 507 | lot lines of Lots 12, 43, 59, and 90 of said | ||
| 508 | unrecorded plat of Palm Square, and easterly | ||
| 509 | projection of the north line of said lot 90, to the | ||
| 510 | point of intersection with the east right of way line | ||
| 511 | of the Intracoastal Waterway; thence southerly along | ||
| 512 | the east right of way line of the Intracoastal | ||
| 513 | Waterway to the southwest corner of the Waterway East | ||
| 514 | Commercial Condominium property; thence easterly along | ||
| 515 | the south line of said property and easterly extension | ||
| 516 | thereof to the southwest corner of Lot A, John B. | ||
| 517 | Reid's Village Subdivision (according to the plat | ||
| 518 | thereof as recorded in Plat Book 21, Page 95 of the | ||
| 519 | Public Records of Palm Beach County, Florida); thence | ||
| 520 | easterly along the south line of said Lot A, to a | ||
| 521 | point on the southeast corner of said Lot A; thence in | ||
| 522 | a northerly direction along the west line of Lot 7, | ||
| 523 | Block C of said plat of John B. Reid's Village | ||
| 524 | Subdivision to the northwest corner of said Lot 7; | ||
| 525 | thence easterly along the north line of said Lot 7, to | ||
| 526 | the northeast corner of said Lot 7; thence southerly | ||
| 527 | along the east line of said Lot 7 to the southeast | ||
| 528 | corner of said Lot 7; thence in an easterly direction | ||
| 529 | to the southwest corner of Lot 8, Block 4, Ocean Park | ||
| 530 | Subdivision (according to the plat thereof as recorded | ||
| 531 | in Plat Book 5, Page 15 of the Public Records of Palm | ||
| 532 | Beach County, Florida); thence easterly along the | ||
| 533 | south line of said Lot 8 to the southeast corner of | ||
| 534 | said Lot 8; thence in a northerly direction along the | ||
| 535 | east line of Lots 8, 7, and 6, to the northeast corner | ||
| 536 | of said Lot 6 (being in Block 4, Ocean Park | ||
| 537 | Subdivision, as recorded in Plat Book 5, Page 15 of | ||
| 538 | the Public Records of Palm Beach County, Florida); | ||
| 539 | thence easterly to the southwest corner of Lot 8, | ||
| 540 | Block 3 of said Ocean Park Subdivision; thence | ||
| 541 | easterly along the south line of said Lot 8 to the | ||
| 542 | southeast corner of said Lot 8; thence northerly along | ||
| 543 | the east line of said Lot 8 and Lot 7 to the northwest | ||
| 544 | corner of Lot 24, Block 3 of said Ocean Park | ||
| 545 | Subdivision; thence easterly along the north line of | ||
| 546 | said Lot 24, to the northeast corner of said Lot 24; | ||
| 547 | thence easterly to the northwest corner of Lot 7, | ||
| 548 | Block 2, of said Ocean Park Subdivision; thence in an | ||
| 549 | easterly direction along the north line of lots 7 and | ||
| 550 | 24, Block 2, of said Ocean Park Subdivision, to the | ||
| 551 | northeast corner of said Lot 24; thence easterly to | ||
| 552 | the northwest corner of Lot 16, Block 1, of said Ocean | ||
| 553 | Park Subdivision; thence easterly along the north line | ||
| 554 | of Lots 16 and 2, Block 1, of said Ocean Park | ||
| 555 | Subdivision to a point at the northeast corner of said | ||
| 556 | Lot 2, Block 1, of said Ocean Park Subdivision; thence | ||
| 557 | easterly along an extension of the north line of Lot | ||
| 558 | 2, Block 1, of said Ocean Park Subdivision to the mean | ||
| 559 | high water line of the Atlantic Ocean; thence | ||
| 560 | northerly along said high water line to the point of | ||
| 561 | beginning. | ||
| 562 | Section 4. CREATION OF THE AUTHORITY; COMPOSITION AND | ||
| 563 | PROVISIONS RELATING TO MEMBERS.--There is hereby created a board | ||
| 564 | composed of seven members to be known officially as the "Delray | ||
| 565 | Beach Downtown Development Authority." It is hereby constituted | ||
| 566 | a body corporate and an agency of the City, and performance by | ||
| 567 | the Authority of its duties and exercise of its powers are | ||
| 568 | hereby designated municipal functions and shall be so construed. | ||
| 569 | (a) The City Council shall by vote of a majority of its | ||
| 570 | entire membership appoint the members of the Authority, and by | ||
| 571 | vote of four-fifths of its entire membership, after notice | ||
| 572 | specifying the charges and a hearing held not earlier than ten | ||
| 573 | days after personal delivery of notice or mailing thereof by | ||
| 574 | registered or certified mail addressed to the member at his or | ||
| 575 | her latest known residence, the City Council may remove a member | ||
| 576 | of the Authority for good cause, including willful neglect of | ||
| 577 | duty, incompetence or unfitness to perform his or her duty, or | ||
| 578 | conviction of an offense involving moral turpitude. A member so | ||
| 579 | removed shall be entitled to review by the circuit court of the | ||
| 580 | action taken. | ||
| 581 | (b) Each member shall be appointed for a term of three | ||
| 582 | years beginning July 1. Two members shall be appointed | ||
| 583 | commencing on July 1 following the referendum approving the | ||
| 584 | expansion of the Delray Beach Downtown Development Authority | ||
| 585 | boundaries. | ||
| 586 | (c) To qualify for appointment to the Authority, and to | ||
| 587 | remain qualified for service on it, a prospective member or a | ||
| 588 | member already appointed shall reside in or have his or her | ||
| 589 | principal place of business in the City and shall not be serving | ||
| 590 | as a City officer or employee. At least four of the members | ||
| 591 | shall be owners of realty within the Downtown area, a lessee | ||
| 592 | thereof required by the lease to pay taxes thereon, or a | ||
| 593 | director, officer, or managing agent of an owner or of a lessee | ||
| 594 | thereof so required to pay taxes thereon. To the extent that it | ||
| 595 | is possible, appointments to the Authority shall be made so that | ||
| 596 | the members shall be geographically proportioned as evenly as is | ||
| 597 | possible within the Downtown area as described in Section 3, as | ||
| 598 | amended. | ||
| 599 | (d) Vacancy in office, which shall be filled within thirty | ||
| 600 | days of its occurrence for the remainder of the unexpired term, | ||
| 601 | shall occur whenever a member is removed from office, becomes | ||
| 602 | disqualified or otherwise unable to serve, resigns, or | ||
| 603 | disappears without explanation for a period of six months. The | ||
| 604 | City Council shall fill any vacancy in office for the unexpired | ||
| 605 | term. | ||
| 606 | (e) Each member of the Authority shall serve without | ||
| 607 | compensation for services rendered as a member but may be | ||
| 608 | reimbursed by the Authority for necessary and reasonable | ||
| 609 | expenses actually incurred in the performance of duty. The | ||
| 610 | Authority need not but may require that all of its members or | ||
| 611 | any or all of its officers or employees be required to post bond | ||
| 612 | for faithful performance of duty, and the Authority shall pay | ||
| 613 | bonding costs. No member of the Authority shall be personally | ||
| 614 | liable for any action taken in attempting in good faith to | ||
| 615 | perform his or her duty, or for a decision not to act, except in | ||
| 616 | instances of fraud or willful neglect of duty. | ||
| 617 | Section 5. AUTHORITY BYLAWS AND INTERNAL GOVERNMENT.--The | ||
| 618 | Authority shall formulate and may amend its own rules of | ||
| 619 | procedure and written bylaws not inconsistent herewith. A | ||
| 620 | majority of its entire membership shall constitute a quorum for | ||
| 621 | the transaction of business. All action shall be taken by at | ||
| 622 | least four affirmative votes of the Authority, and each member | ||
| 623 | present shall vote on each matter unless barred from voting as | ||
| 624 | herein provided. The Authority shall select one of its members | ||
| 625 | as Chair and another as Vice Chair and shall prescribe their | ||
| 626 | duties, powers, and terms of serving. It shall hold regular | ||
| 627 | meetings at least once a month and shall provide in its bylaws | ||
| 628 | for holding special meetings. All meetings shall be open to the | ||
| 629 | public. The bylaws may provide for the Mayor of the City, or | ||
| 630 | his or her representative, to attend meetings of the Board as an | ||
| 631 | ex officio member, but he or she shall not have any vote or | ||
| 632 | power over the Board except that he or she shall be entitled to | ||
| 633 | speak on any issue or question before the Board. | ||
| 634 | Section 6. FUNCTIONS OF THE AUTHORITY.--The Authority | ||
| 635 | shall perform the following functions: | ||
| 636 | (a) Prepare an analysis of the economic conditions and | ||
| 637 | changes occurring in the Downtown area, including the effect | ||
| 638 | thereon of such factors as metropolitan growth, traffic | ||
| 639 | congestion, lack of adequate parking and other access | ||
| 640 | facilities, and structural obsolescence and deterioration. | ||
| 641 | (b) Formulate long-range plans for improving the | ||
| 642 | attractiveness and accessibility to the public of Downtown | ||
| 643 | facilities, promoting efficient use thereof, remedying the | ||
| 644 | deterioration of Downtown property values, and developing the | ||
| 645 | Downtown area. | ||
| 646 | (c) Recommend to the City Council and to Downtown | ||
| 647 | businesspersons and residents the actions deemed most suitable | ||
| 648 | for implementing the Downtown development plans, including | ||
| 649 | removal, razing, repair, renovation, reconstruction, remodeling, | ||
| 650 | and improvement of existing structures, addition of new | ||
| 651 | structures and facilities, relocation of any of those existing, | ||
| 652 | and changes in patterns of and facilities for getting thereto | ||
| 653 | and therefrom. | ||
| 654 | (d) Participate actively in the implementation and | ||
| 655 | execution of Downtown development plans, including | ||
| 656 | establishment, acquisition, construction, ownership, financing, | ||
| 657 | leasing, licensing, operation, and management of public | ||
| 658 | facilities deemed feasible and beneficial in effecting | ||
| 659 | implementation, but this paragraph shall not give the Authority | ||
| 660 | any power or control over any City property unless and until | ||
| 661 | assigned to it by the City Council under the provisions of | ||
| 662 | paragraph (f) of this section. | ||
| 663 | (e) Participate actively in plans and programs to | ||
| 664 | encourage economic development and promotion of the Downtown as | ||
| 665 | a prosperous Downtown Area. | ||
| 666 | (f) Carry on all projects and undertakings authorized by | ||
| 667 | law and within the limits of the powers granted to it by law, | ||
| 668 | and such additional public projects and undertakings related to | ||
| 669 | the Downtown area as the City Council may assign to it with its | ||
| 670 | consent. | ||
| 671 | Section 7. POWERS OF THE AUTHORITY.--In the performance of | ||
| 672 | the functions vested in or assigned to the Authority, it is | ||
| 673 | hereby granted the following powers: | ||
| 674 | (a) To enter into contracts and agreements, and to sue and | ||
| 675 | be sued as a body corporate; | ||
| 676 | (b) To have and use a corporate seal; | ||
| 677 | (c) To acquire, own, convey, or otherwise dispose of, | ||
| 678 | lease as lessor or lessee, construct, maintain, improve, | ||
| 679 | enlarge, raze, relocate, operate, and manage property and | ||
| 680 | facilities of whatever type, and grant or acquire licenses, | ||
| 681 | easements, and options with respect thereto; | ||
| 682 | (d) To accept grants and donations of any type of | ||
| 683 | property, labor, or other thing of value from any public or | ||
| 684 | private source; | ||
| 685 | (e) To receive the proceeds of the tax hereby imposed; | ||
| 686 | (f) To receive the revenues from any property or facility | ||
| 687 | owned, leased, licensed, or operated by it or under its control, | ||
| 688 | subject to the limitations imposed upon it by trusts or other | ||
| 689 | agreements validly entered into by it; | ||
| 690 | (g) To have exclusive control of all funds legally | ||
| 691 | available to it, subject to limitations imposed upon it by law | ||
| 692 | or by any agreement validly entered into by it; | ||
| 693 | (h) To cooperate and enter into agreements with any | ||
| 694 | governmental agency or other public body; | ||
| 695 | (i) To make to or receive from the City or Palm Beach | ||
| 696 | County conveyances, leasehold interests, grants, contributions, | ||
| 697 | loans, and other rights and privileges; | ||
| 698 | (j) To request by resolution that the City exercise its | ||
| 699 | municipal power of eminent domain in specific instances for the | ||
| 700 | use and benefit of the Authority and, if the City complies with | ||
| 701 | the request and the property involved is acquired, the Authority | ||
| 702 | shall take over and assume control of such property on terms | ||
| 703 | mutually agreed upon between the City and the Authority, but the | ||
| 704 | Authority shall not thereafter be authorized to sell, lease, or | ||
| 705 | otherwise dispose of such property so acquired without the | ||
| 706 | formal consent of the City Council; | ||
| 707 | (k) To issue and sell revenue certificates as hereinafter | ||
| 708 | provided, or in any other manner permitted by law and not | ||
| 709 | inconsistent with the provisions hereof, and to take all steps | ||
| 710 | deemed by it necessary or expedient for efficient preparation | ||
| 711 | and marketing of the certificates at public or private sale at | ||
| 712 | the best price obtainable, including the entry into binding | ||
| 713 | agreements with corporate trustees, underwriters, and the | ||
| 714 | holders of the certificates, and the employment and payment, as | ||
| 715 | a necessary expense of issuance, for the services of consultants | ||
| 716 | on valuations, costs, and feasibility of undertaking, revenues | ||
| 717 | to be anticipated and other financial matters, architecture, | ||
| 718 | engineering, legal matters, accounting matters, and any other | ||
| 719 | fields in which expert advice may be needed to effectuate | ||
| 720 | advantageous issuance and marketing; | ||
| 721 | (l) To fix, regulate, and collect rates and charges for | ||
| 722 | facilities and services furnished by it or under its control and | ||
| 723 | to pledge the revenue to the payment of revenue certificates | ||
| 724 | issued by it; | ||
| 725 | (m) To borrow money on its unsecured notes, for a period | ||
| 726 | not exceeding nine months, in an aggregate amount for all | ||
| 727 | outstanding unsecured notes not exceeding fifty percent of the | ||
| 728 | proceeds received during the immediately prior fiscal year from | ||
| 729 | the tax hereby imposed, and at an annual rate of interest not | ||
| 730 | exceeding the rate being charged at the time of the loan by | ||
| 731 | banks in the City on unsecured short-term loans to local | ||
| 732 | businesses; | ||
| 733 | (n) To acquire by rental or otherwise and to equip and | ||
| 734 | maintain a principal office for the conduct of its business; | ||
| 735 | (o) To employ, when deemed necessary, and prescribe the | ||
| 736 | duties, authority, compensation, and reimbursement of expenses | ||
| 737 | of the Director of the Authority, who shall act as its chief | ||
| 738 | executive officer, a general counsel, who shall be an attorney | ||
| 739 | with at least two years of experience in active Florida practice | ||
| 740 | and so engaged at the time of appointment, and such other | ||
| 741 | personnel as it may, after consultation with the Director, deem | ||
| 742 | necessary from time to time; provided, its personnel shall not | ||
| 743 | be under civil service regulations and shall be employed to | ||
| 744 | serve at its pleasure. Its personnel shall not while employed by | ||
| 745 | it serve as City officers or employees, and, with the exception | ||
| 746 | of its Secretary, shall not while employed by it serve as a | ||
| 747 | member of it; and | ||
| 748 | (p) To exercise all powers incidental to the effective and | ||
| 749 | expedient exercise of the foregoing powers to the extent not in | ||
| 750 | conflict herewith or inconsistent herewith. | ||
| 751 | Section 8. LEVY OF AD VALOREM TAX.--For the fiscal year of | ||
| 752 | the Authority beginning within the calendar year 1972, and for | ||
| 753 | each fiscal year thereafter, an ad valorem tax in addition to | ||
| 754 | all other ad valorem taxes is hereby levied annually for the | ||
| 755 | purpose of financing the operation of the Authority on all | ||
| 756 | property in the Downtown area that is subject to ad valorem | ||
| 757 | taxation for City operation expenses. The tax base shall be the | ||
| 758 | assessed valuation made annually by the County tax assessor. The | ||
| 759 | rate shall be one mill on each dollar of tax base in 1972 and | ||
| 760 | each year thereafter; provided, for each year after the first | ||
| 761 | year of levy the Authority, by written notice to the County tax | ||
| 762 | collector at such time as he or she shall specify, may set a | ||
| 763 | rate of less than one mill for the ensuing fiscal year. The | ||
| 764 | County tax collector shall collect the tax when and in the same | ||
| 765 | manner in which he or she collects the City ad valorem taxes, | ||
| 766 | with the same discounts for early payment, and shall pay the | ||
| 767 | proceeds into the City treasury for the account of the | ||
| 768 | Authority. | ||
| 769 | Section 9. AUTHORITY RECORDS AND FISCAL MANAGEMENT.--The | ||
| 770 | fiscal year of the Authority shall coincide with that of the | ||
| 771 | City. | ||
| 772 | (a) All funds of the Authority shall be received, held, | ||
| 773 | and secured like other public funds by the appropriate fiscal | ||
| 774 | officers of the City. The funds of the Authority shall be | ||
| 775 | maintained under a separate account, shall be used for only the | ||
| 776 | purposes herein authorized, and shall be disbursed only by the | ||
| 777 | direction of or with the approval of the Authority pursuant to | ||
| 778 | requisitions signed by the Director or other designated chief | ||
| 779 | fiscal officer of the Authority and countersigned in such | ||
| 780 | instances and manner as the Authority bylaws may prescribe. The | ||
| 781 | Authority may pay the City, as an operating expense, a | ||
| 782 | reasonable amount for the services rendered by the City to it at | ||
| 783 | its request. | ||
| 784 | (b) The Authority bylaws shall provide for maintenance of | ||
| 785 | minutes and other official records of its proceedings and | ||
| 786 | actions, for preparation and adoption of an annual budget for | ||
| 787 | each ensuing fiscal year, for internal supervision and control | ||
| 788 | of its accounts, which function the appropriate City fiscal | ||
| 789 | officers may perform for it at its request, and for an external | ||
| 790 | audit at least annually by an independent certified public | ||
| 791 | accountant who has no personal interest, direct or indirect, in | ||
| 792 | its fiscal affairs. The bylaws shall specify the means by which | ||
| 793 | each of these functions is to be performed and, as to those | ||
| 794 | functions assigned to Authority personnel, the manner and | ||
| 795 | schedule of performance. | ||
| 796 | (c) No member or employee of the Authority shall | ||
| 797 | participate by vote or otherwise on behalf of the Authority in | ||
| 798 | any matter in which he or she has a direct financial interest or | ||
| 799 | an indirect financial interest other than that of the benefits | ||
| 800 | to be derived generally from the development of the Downtown | ||
| 801 | area. Participation with knowledge of such interest shall | ||
| 802 | constitute malfeasance and shall result, as regards a member, in | ||
| 803 | automatic forfeiture of office or, as regards an employee, in | ||
| 804 | prompt dismissal. | ||
| 805 | Section 10. TAX EXEMPTION OF AUTHORITY PROPERTY.--All | ||
| 806 | income, donations, property, and facilities of the Authority are | ||
| 807 | hereby dedicated to the effectuation of essential municipal | ||
| 808 | purposes, their use is declared an essential municipal function, | ||
| 809 | and they are granted the same exemptions from taxation as are | ||
| 810 | afforded to income, property, and facilities of the City. | ||
| 811 | Section 11. PROVISIONS GOVERNING ISSUANCE OF | ||
| 812 | CERTIFICATES.--Issuance of revenue certificates by the Authority | ||
| 813 | shall be governed by the following general provisions: | ||
| 814 | (a) Revenue certificates for purposes hereof are limited | ||
| 815 | to obligations that are secured solely by pledge of revenues | ||
| 816 | produced by the facility or facilities for the benefit of which | ||
| 817 | the certificates are issued and the sale proceeds used, that do | ||
| 818 | not constitute a general debt of the Authority, that are not | ||
| 819 | secured directly or indirectly, in whole or in part, by pledge | ||
| 820 | of taxing powers, and that do not constitute a lien or | ||
| 821 | encumbrance, legal or equitable, on any real property of the | ||
| 822 | Authority or on any of its personal property other than the | ||
| 823 | revenues pledged to secure payment of the certificates. | ||
| 824 | (b) The faith and credit of the City shall not be pledged | ||
| 825 | and the City shall not be obligated directly or indirectly to | ||
| 826 | make any payments on or appropriate any funds for certificates | ||
| 827 | issued by the Authority. | ||
| 828 | (c) The rate or rates of interest and the sale price of | ||
| 829 | the certificates by the Authority shall be such that the net | ||
| 830 | interest cost to it on the proceeds received from the sale shall | ||
| 831 | not exceed an average annual rate of eight percent, computed | ||
| 832 | with relation to the absolute maturity of the certificates in | ||
| 833 | accordance with standard tables of bond values and excluding | ||
| 834 | from the computation the amount of any premium to be paid on | ||
| 835 | redemption of the certificates prior to maturity. | ||
| 836 | (d) Before issuing any revenue certificates, the Authority | ||
| 837 | shall, as to each issue: (1) prepare or procure from a reputable | ||
| 838 | source detailed estimates of the total cost of the undertaking | ||
| 839 | for which the certificates are contemplated and of the annual | ||
| 840 | revenues to be obtained therefrom and pledged as security for | ||
| 841 | payment of the certificates; (2) determine that the anticipated | ||
| 842 | net proceeds from their sale, together with any other funds | ||
| 843 | available and intended for the purposes of the issue, will be | ||
| 844 | sufficient to cover all costs of the undertaking and of | ||
| 845 | preparing and marketing the issue or connected therewith; (3) | ||
| 846 | determine that the annual revenues anticipated from the | ||
| 847 | undertaking will be sufficient to pay the estimated annual cost | ||
| 848 | of maintaining, repairing, operating, and replacing to any | ||
| 849 | necessary extent not only the undertaking but also the punctual | ||
| 850 | payment of the principal of and interest on the contemplated | ||
| 851 | certificates; and (4) shall specify these determinations in and | ||
| 852 | include the supporting estimates as parts of the resolution | ||
| 853 | providing for the issue. | ||
| 854 | (e) The Authority may, as to any issue or revenue | ||
| 855 | certificates, engage the services of a corporate trustee for the | ||
| 856 | issue and may treat any or all of the costs of carrying out the | ||
| 857 | trust agreement as part of the operating costs of the | ||
| 858 | undertaking for which the certificates are issued. | ||
| 859 | (f) The Authority shall from time to time establish such | ||
| 860 | rentals, rates, and charges, or shall by legally binding | ||
| 861 | agreement maintain such control thereof, as to meet punctually | ||
| 862 | all payments on the certificates and also the costs of operation | ||
| 863 | of the undertaking and its maintenance and repair, including | ||
| 864 | reserves therefor and for depreciation, replacement, and any | ||
| 865 | necessary extensions. | ||
| 866 | (g) Revenue certificates may be issued for the purposes of | ||
| 867 | funding, refunding, or both. | ||
| 868 | (h) All revenue certificates issued pursuant hereto shall | ||
| 869 | be negotiable instruments for all purposes. | ||
| 870 | Section 12. TRANSFER UPON CESSATION OF THE | ||
| 871 | AUTHORITY.--Should the Authority cease to exist or to operate | ||
| 872 | for whatever reason, all its property of whatever kind shall | ||
| 873 | forthwith become the property of the City, subject to the | ||
| 874 | outstanding obligations of the Authority, and the City shall use | ||
| 875 | this property to the maximum extent then practicable for | ||
| 876 | effectuating the purposes hereof and shall succeed to and | ||
| 877 | exercise all powers of the Authority insofar as such exercise is | ||
| 878 | not in conflict with or inconsistent with the provisions of the | ||
| 879 | City charter or other law applicable to the City. | ||
| 880 | Section 13. ACT CUMULATIVE; NO NOTICE REQUIRED.--Neither | ||
| 881 | this Act nor anything herein contained shall be construed as a | ||
| 882 | restriction or limitation upon any powers which the Authority | ||
| 883 | might otherwise have under any laws of this State, but shall be | ||
| 884 | construed as cumulative of such powers. The foregoing sections | ||
| 885 | of this Act shall be deemed to provide a complete, additional, | ||
| 886 | and alternative method for the doing of the things authorized | ||
| 887 | thereby and shall be regarded as supplemental and additional to | ||
| 888 | powers conferred by other laws; provided, the issuance of | ||
| 889 | revenue certificates and revenue refunding certificates under | ||
| 890 | the provisions of this Act need not comply with the requirements | ||
| 891 | of any other law applicable to the issuance of certificates and | ||
| 892 | bonds including, particularly, chapters 671 through 680, Florida | ||
| 893 | Statutes, 1969 (also known as Uniform Commercial Code). No | ||
| 894 | proceedings, notice, or approval shall be required for the | ||
| 895 | organization of the Authority or the issuance of any | ||
| 896 | certificates or any instrument as security therefor, except as | ||
| 897 | provided herein or pursuant hereto, any law to the contrary | ||
| 898 | notwithstanding; provided, nothing herein shall be construed to | ||
| 899 | deprive the State and its governmental subdivisions of their | ||
| 900 | respective policy powers over any properties of the Authority. | ||
| 901 | Section 14. LIBERAL CONSTRUCTION AND SEVERABILITY.--The | ||
| 902 | provisions of this Act, being necessary for the welfare of the | ||
| 903 | City and its inhabitants, shall be liberally construed to | ||
| 904 | effectuate the purposes herein set forth and are severable. | ||
| 905 | Should any portion hereof be finally held invalid by a court of | ||
| 906 | competent jurisdiction, each other portion shall remain | ||
| 907 | effective to the maximum practicable extent. | ||
| 908 | Section 4. In the event any section or provision of this | ||
| 909 | act is determined to be invalid or unenforceable, such | ||
| 910 | determination shall not affect the validity of or enforceability | ||
| 911 | of each other section and provision of this act. | ||
| 912 | Section 5. Chapters 71-604, 72-524, 80-495, 87-520, 89- | ||
| 913 | 477, 91-385, 92-263, 94-476, and 98-503, Laws of Florida, are | ||
| 914 | repealed. | ||
| 915 | Section 6. This act shall take effect upon becoming a law. | ||