HomeMy WebLinkAboutItem #12A - Discussion ItemCITY OF MIAMI, FLORIDA
INTER -OFFICE MEMORANDUM CITY 6 S OFFICE
A APR 2 41410: 14
TO : DATE : FILE
The Honorable Mayor and April 21, 1994
Fellow Commissioners SUBJECT : • '
Sale of City Assets
FROM :Miller J. Dawkin4b4�1
Vice Mayor
REFERENCES:
ENCLOSURES:
The City Commission and the City Manager continues to give away
Miami's most precious asset "LAND." Prior to the arrival of
Mayor Clark and Commissioner Gort, the "chant" of the previous
commission and the manager was "sell all the vacant land that the
city owns."
At first the sale of land was not alarming, it was said the sale
of land helped to balance the budget. As the city continues to
sell land the city's administration yearly; sold bonds,
refinanced debts and debit one account while crediting another
account.
The records will show that this is an ongoing occurrence.
The manager made me aware of his desires to sell the property we
are using as the "motor Pool" *to get more funds for the "General
Fund."
We refinanced our indebtedness, we borrowed money from the
Sunshine State Fund, and we want the citizens to pass a mega -
millions in bonds this year.
There must be money someplace, because all of the above generates
funds, although the majority of the funds can be used only for
capital expenditures, the same funds should free up other funds
earmarked for capital expenditures to go to non -capital
expenditures.
Please schedule on the June 9, 1994 agenda, a discussion on "a
moratorium" on land sales until there is an audit to show what
the funds obtained from other land sales are.
d c : Cesar Odio, Manager
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