DECLARING TOWN'S INTENT TO UNDERTAKE BRIDGE CONSTRUCTION, FINANCE BRIDGE PROJECT

A RESOLUTION OF THE TOWN COUNCIL OF THE TOWN OF LAKE CLARKE SHORES, FLORIDA (THE “TOWN”); DECLARING THE TOWN’S OFFICIAL INTENT TO UNDERTAKE THE CONSTRUCTION AND OR REPAIR OF BRIDGES IN THE TOWN (THE “BRIDGE PROJECT”), TO FINANCE THE BRIDGE PROJECT THROUGH THE ISSUANCE OF TAX-EXEMPT BONDS OR NOTES BY THE TOWN, AND  TO USE A PORTION OF THE PROCEEDS OF SUCH BONDS OR NOTES TO REIMBURSE THE TOWN FOR EXPENDITURES PAID OR INCURRED PRIOR TO THE DATE OF ISSUANCE THEREOF; AND AUTHORIZING THE OFFICERS OF THE TOWN TO TAKE ACTION IN FURTHERANCE OF THE ISSUANCE OF SAID BONDS OR NOTES.