HomeMy WebLinkAboutR-90-0797J-90-945
10/18/90
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A RESOLUTION OF THE MIAMi CITY CCMMSSION APPROVING,
IN PRINCIPLE, THE CONCEPT THAT THE CITY OF MIAMI
SHOULD UNDERTAKE THE ISSUANCE OF $50 MILLION GENERAL
OBLIGATION BONDS FOR HOUSING TO BE VOTED UPON AT THE
REGULAR CITY ELECTION IN 1991 TO BE USED PRIMARILY FOR
THE PURPOSE OF ACQUIRING LAND FOR THE DEVELOPMENT OF
HOUSING WITHIN THE CITY OF MIAMI, SAID LAND TO BE MADE
AVAILABLE BY LEASE AT $1 PER YEAR TO NON-PROFIT
HOUSING DEVELOPERS AND TO COMMUNITY DEVELOPMENT
CORPORATIONS, WITH MEMBERS OF THE COWnSSION
EXPRESSING ON THE RECORD THEIR INDIVIDUAL CONCERNS AND
CONMENDATIONS FOR THE SUCCESSFUL IMPLEMENTATION OF THE
CONCEPT.
BE IT RESOLVED BY THE COMMISSION OF TME CITY OF MIAMI, FLORIDA%
Section 1. The Miami City Commission hereby approves, in
principle, the concept that the City of Miami should undertake the issuance of
$50 million General Obligation Bonds for housing to be voted upon at the
regular City election in 1991 to be used primarily for the purpose of
acquiring land for the development of housing within the City of Miami, said
land to be made available by lease at $1 per year to non-profit housing
developers and to ccmmmity development corporations, with the mmibers of the
Commission expressing on the record their individual concerns and
commendations for the successful implementation of the concept.
Section 2. This Resolution shall becare effective immediately
upon its adoption.
PASSED AND ADOPTED this 18th day of October , 1990.
CITY CLERK
APPROVED AS TO FORM AND CORRECTNESS:
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CITY
C OF MIAMi, FLORIDA
INTER -OFFICE MEMORANDUM
Cesar H. Odio Se tber' '13;. 19'9.%� [
TO : DATE : pem
City Manager
SUBJECT: Agenda Item for
Commission meeting
of October 11
FROM : Xavier L. Suarez / REFERENCES: 091890/JSB
Mayor
ENCLOSURES:
Please place on the agenda of the October 11, 1990
Commission meeting, for a time certain of 10:00 A.M., a personal
appearance by Martin Fine regarding low-income housing concerns.
Thank you.