HomeMy WebLinkAboutItem #18 - First Reading Ordinance- J-92-198
3/3/92
ORDINANCE NO.
AN ORDINANCE AMENDING SECTIONS 1 AND 6 OF
ORDINANCE NO. 10920, THE ANNUAL
APPROPRIATIONS ORDINANCE FOR THE FISCAL YEAR
ENDING SEPTEMBER 30, 1992, ADOPTED SEPTEMBER
26, 1991, BY ESTABLISHING A NEW ACCOUNT
ENTITLED: "TAX ANTICIPATION NOTES, SERIES
1991 NOTE FUND" AND APPROPRIATING A SUM OF
$20,889,333 TO PROVIDE FOR THE REPAYMENT OF
RECENTLY ISSUED TAX ANTICIPATION NOTES.
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WHEREAS, The City Commission adopted Ordinance No. 10920,
the Annual Appropriations dinanoe, o e ember 26, 1991,
establishing revenues an pp priationss the City of Miami,
Florida, for the Fiso Yea ending S ember 30, 1992; and
WHEREAS, the C ommissi approved the sale of Tax
Anticipation N es, eries 9 1 in the aggregate principal
amount of $20, 0 ,000, pursu t Resolution No. 91-696 adopted
on September 26, 1991; and
WHEREAS, the prooeeds from said notes will cover anticipated
temporary cash defioienoies during the Fiscal Year ending
September 30, 1992; and
WHEREAS, Resolution No. 91-696 requires the establishment of
a special fund in the General Fund entitled "The City of Miami
Tax Anticipation Notes, Series 1991 Note Fund", funded from a
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pledge of ad valorem tax revenue, and appropriating a sum of
$20,889,333 to provide for the repayment of recently issued tax
anticipation notes; and
WHEREAS, principal and interest for said fund amounts to
$20,889,333;
NOW, THEREFORE, BE IT ORDAINED BY THE COMMISSION OF THE CITY
OF MIAMI, FLORIDA:
Section 1. Sections 1, and 6 of ordinance no. 10920,
adopted September 26, 1991, the annual appropriation ordinance
for the Fiscal Year ending September 30, 1992, is hereby amended
in the following particulars: I/
"Section 1. The following appropriations
are made for the municipal operations of the
City of Miami, Florida, for the Fiscal Year
ending September 30, 1992, including the
payment of principal an interest on all
General Obligation Bonds:
Department, Boards, and Offices Appropriations
General Fund
Tax Anticipation Note Section S 20.889.333
Total General Fund $ 200130i'2et $ 221,190,597
L s s * s s s s s s s s s s s s
Total General Operating
Appropriations 246,953,698
Words and/or figures stricken through shall be deleted.
Underscored words and/or figures shall be added. The
remaining provisions are now in effect and remain unchanged.
Asterisks indicate omitted and unchanged material.
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