HomeMy WebLinkAboutR-92-0622J-92- 722
10/8/92
RESOLUTION NO. 9 2` 622
A RESOLUTION AUTHORIZING THE CITY MANAGER TO
APPLY FOR A COMMUNITY DISASTER LOAN FROM THE
FEDERAL EMERGENCY MANAGEMENT AGENCY (FEMA) IN
AN AMOUNT NOT TO EXCEED $5,000,000.
WHEREAS, the City of Miami has lost revenues, as a result of
damages caused by Hurricane Andrew; and
WHEREAS, federal regulations authorize the President to make
Community Disaster Loans to any local government which has
suffered loss of revenues as a result of a major disaster; and
WHEREAS, federal regulations allow the Associate Director,
State and Local Programs and Support (The "Associate Director")
to cancel repayment of all or part of a Community Disaster Loan
to the extent that he/she determines that revenues of the local
government during the three fiscal years following the disaster
are insufficient to meet the operating budget of that local
government because of disaster -related revenue losses and
additional unreimbursed disaster -related municipal operating
expenses;
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 hereby adopted by reference
thereto and incorporated herein as if fully set forth in this
Section.
CITY COMUSSION . "
MEETING OF
OCT 0 8 1992
R'solution No,
92-- 622
Section 2. The City Manager is hereby authorized to
apply for a Community Disaster Loan from the Federal Emergency
Management Agency in an amount not to exceed $5,000,000 to cover
loss of revenues and additional unreimbursed municipal operating
expenses resulting from damage caused by Hurricane Andrew.
Section 3. The interest rate on the loan shall be at the
rate for five year maturities, as determined by the Secretary to
the United States Treasury, in effect on the date that the
Promissory Note is executed.
Section 4. The term of the loan is five (5) years,
unless otherwise extended by the Associate Director if requested
by the Commission of the City of Miami.
Section 5. This Resolution shall become effective
immediately upon its adoption.
PASSED AND ADOPTED this 8th
ATT T
4,40
MAT Y HIRAI, CITY CLERK
PREPARED AND APPROVED BY:
RAFAEL 0. DIAZ
DEPUTY CITY AT
APPROVED AS TO FORM AND CORRECTNESS:
CITY
bss:M321
day of O,p# ob2K:j 1 1992.
XAVIER L. �SUAREZ,
-2- 92- 622
SEtiT hY-PROCURE1MENT N�1aG ;10- 7-g2 ;12'13EY CITY t� 1!Nt 3b5gi8BQ81;# </
QTY Of' MIAMI, rLORIDA,
INTER -OFFICE MEMORANDUM
r6 . J'Udy 9 . Carter DArE FILt
chief Procureittnt Officer
cue,ecr Puchase of one (1)
Flatbed Truck
'•M Rv Wi MrFEREWES
AS i ant City anager
� hC'LOSUIICS
The Department of General Services and Solid Waste has verified
available funding with the Department of Budget that funds are
available to cover the cost of the subject hid in the amount, of
$35,745.00. Funds are available for the FY191-92 solid Waste
Reduction, Recycling and Education Grant Fund, Project No.
1.97004, Account ftdt No, 421302-940 .
BUDGETARY REVYER & APPROVED BY:
Mancihar a, DT3 Fact6r
Department Budget
92- 622