HomeMy WebLinkAboutR-96-0776F-A
J-96-1 168
10/24/96
RESOLUTION NO J 6 7 7 6
A RESOLUTION OF THE MIAMI CITY COMMISSION
REQUESTING METROPOLITAN DADE COUNTY TO EXTEND,
THROUGH A LINE OF CREDIT, A TEMPORARY NON -INTEREST
BEARING LOAN, IN AN AMOUNT NOT TO EXCEED
$10,000,000, TO THE CITY OF MIAMI, WITH PAYBACK
PRIOR TO JANUARY 1, 1997.
BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI, FLORIDA:
Section 1. The Miami City Commission hereby requests Metropolitan Dade
County to extend, through a line of credit, a temporary non -interest bearing loan, in an
amount not to exceed $10,000,000, to the City of Miami, with payback prior to
January 1, 1997.
Section 2. This Resolution shall become effective immediately upon its adoption.
PASSED AND ADOPTED this 24th day of October, 1996.
ATTEST:
WALTER J. AN, CITY CLERK
PREPARED AND APPROVED BY:
RAFAEL 0. DIAZ
DEPUTY CITY A ORNEY
W1198:CSK:ROD
E CAROLLO, MAYOR
APPROVED AS TO FORM AND
CORRECTNESS:
A: QUWN JO E ,"III
CITY ATTO N Y
CITY COMMISSION
MEETING OF
OCT 2 4 1996
ii Resolution No,
.9 6 r 776