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 Port Orange
 Code of Ordinances
 Chapter 2. ADMINISTRATION
 Article VI. FINANCE
 Division 4. BONDS

§ 2-316. Definitions.  

Latest version.

  • The following words, terms and phrases, when used in this division, shall have the meanings ascribed to them in this section, except where the context clearly indicates a different meaning:

    Bond shall have the meaning set forth in F.S. § 166.101, as amended and as construed by the courts.

    Emergency shall have the meaning set forth in F.S. § 252.34, as amended and as construed by the courts.

    Essential public project means:

    (1)

    A project required to prevent, mitigate or repair injury or damage to persons, property or city services resulting from an emergency;

    (2)

    A project required by a comprehensive plan adopted and approved pursuant to the Local Government Comprehensive Planning and Land Development Regulation Act (F.S. ch. 163, part II), as such comprehensive plan shall be amended from time to time in accordance with said Act;

    (3)

    A project required for compliance with applicable federal or state law or regulation; or

    (4)

    A project necessary for the health, safety and welfare of persons residing in or served by the city, including the provision of law enforcement, fire, medical, emergency, water, sewer, reclaimed water, drainage, utilities, education, transportation, economic development or redevelopment and other governmental services and functions.

    Lease-purchase obligation means a financing lease or other lease-purchase obligation for the lease of real property, consisting of land or any building or structure thereon, whether in the form of a lease, lease-purchase agreement, installment sale, certificates of participation, or lease revenue bonds. "Lease-purchase obligation" does not include any such financing lease or other lease-purchase obligation for the lease of equipment or other personal property, whether or not constituting fixtures.

    Project shall have the meaning set forth in F.S. § 166.101, as amended, and as construed by the courts.

    Refunding bonds shall have the meaning set forth in F.S. § 166.101, as amended, and as construed by the courts.

(Ord. No. 1991-30, § 1, 10-29-1991; Ord. No. 1997-62, § 1, 12-16-1997)

Cross reference

Definitions and rules of construction generally, § 1-2.