HomeMy WebLinkAboutItem #58 - First Reading Ordinancei.
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J-O1-308
4/18/01
ORDINANCE NO.
AN ORDINANCE OF THE MIAMI CITY COMMISSION AMENDING
CHAPTER 18 OF THE CODE OF THE CITY OF MIAMI,
FLORIDA, AS AMENDED, TO CREATE AND ESTABLISH THE
CITY OF MIAMI ECONOMIC DEVELOPMENT FINANCING
AUTHORITY; PROVIDING FOR DEFINITIONS, MEMBERSHIP,
POWERS AND DUTIES; PROVIDING FOR ISSUANCE OF REVENUE
BONDS AND OTHER FORMS OF INDEBTEDNESS TO FINANCE THE
COSTS OF QUALIFYING PROJECTS; PROVIDING FOR SUCH
INDEBTEDNESS FROM REVENUES DERIVED FROM SUCH
PROJECTS AND OTHER LEGALLY AVAILABLE REVENUES;
PROVIDING FOR THE FORM AND SALE OF SUCH
INDEBTEDNESS; PROVIDING FOR THE TERMS OF SUCH
INDEBTEDNESS AND TRUST INDENTURES AND OTHER
AGREEMENTS SECURING SUCH DEBT; PROVIDING FOR THE
VALIDATION OF SUCH DEBT; PROVIDING FOR CERTAIN
REMEDIES WITH RESPECT TO SUCH INDEBTEDNESS;
PROVIDING LIMITATIONS OF LIABILITY FOR SUCH
AUTHORITY; PROVIDING FOR INTERLOCAL COOPERATION
THROUGH INTERLOCAL AGREEMENTS; PROVIDING FOR
PERMITTED INVESTMENTS OF SUCH AUTHORITY; PROVIDING
FOR FINANCING GOVERNMENTAL BORROWING; PROVIDING FOR
COMMUNITY REDEVELOPMENT FINANCING, PROVIDING FOR
INDUSTRIAL DEVELOPMENT FINANCING; PROVIDING FOR
HEALTH CARE FINANCING; PROVIDING FOR SPECIAL
ASSESSMENT FINANCING, PROVIDING FOR BOND
ANTICIPATION NOTES; PROVIDING THAT SUCH INDEBTEDNESS
MAY BE TAXABLE OR TAX EXEMPT; MORE PARTICULARLY BY
ADDING NEW ARTICLE X TO SAID CHAPTER; MAKING
FINDINGS; CONTAINING A REPEALER PROVISION AND
PROVIDING FOR A SEVERABILITY CLAUSE AND AN EFFECTIVE
DATE.
WHEREAS, additional fi ing for construction,
rehabilitation, improvements a e ipment in connection with
several proposed a d necessar ~rojects within the City of Miami
is required; d
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