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HomeMy WebLinkAboutR-02-0589J-02-535 5/21/02 RESOLUTION NO. 02— 589 A RESOLUTION OF THE MIAMI CITY COMMISSION DIRECTING THE CITY MANAGER TO EXPEDITE THE AVAILABILITY OF FUNDS, IN THE AMOUNT OF $16 MILLION, FROM THE FIRST SERIES OF LIMITED AD VALOREM TAX REVENUE BONDS AND ANY OTHER AVAILABLE GRANT FUNDS FOR ORANGE BOWL PROJECTS. WHEREAS, pursuant to Resolution No. 02-532 adopted May 9, 2002, the City Commission approved $16 million in funding from the first series of the Limited Ad Valorem Tax Revenue Bonds for City of Miami Orange Bowl projects; NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI, FLORIDA: Section 1. The recitals and findings contained in the Preamble to this Resolution are adopted by reference and incorporated as if fully set forth in this Section. Section 2. The City Manager is directed to expedite the availability of funds, in the amount of $16 million, from the first series of Limited Ad Valorem Tax Revenue Bonds and any other available grant funds for Orange Bowl projects. CITY COIGN NmEE—rids br A! ;' 1 3 2002 Resciudon No. 02- 589 Section 3. This Resolution shall become effective immediately upon its adoption and signature of the Mayor.'/ PASSED AND ADOPTED this 23rd ATTEST: PRISCILLA A. THOMPSON CITY CLERK day of May 2002. MANUEL A. D Z, MAYOR APPROV AS 0 ORM AND CORRECTNESS:/ �4wn?TTORNEY 0 VILARELLO W6,Z81:MJS:mcr:BSS 1 If the Mayor does not sign this Resolution, it shall become effective at the end of ten calendar days from the date it was passed and adopted. If the Mayor vetoes this Resolution, it shall become effective immediately upon override of the veto by the City Commission. Page 2 of 2 02- 589