HomeMy WebLinkAboutR-89-07564'1: / • 61 1! '1: '44* •; • 0- vl:r t
WMU;8AS, by Ordinance No. 10141 of the City of Muni , Florida (the
"City") , the Commission of the City, (the "Commission") authorized the lease
purchase of items of personal property and equipment to be aoquired by the
City prior to September 1, 19M pursuant to a lease purchase agreement and
authorized the lessor under such lease purchase agreement to sell certificates
of participation evicdencimg undivided interests in such lease purchase
agreement; and
WHEREAS, pursuant to Qixiinanoe No. 10141 of the City and other
applicable provisions of law, on August 29, 1986, Fiscal Funding of Miami.,
Inc. (the "Lessor") caused Sun Barak, National Association (the "Agent") to
issue $16,175,000 aggregate principal amount of Certificates of Participation,
—■ Series 1986 (the "Certificates") , evidencing undivided proportionate interest
in the rights and interests of the Lessor in the Lease Purchase Agreement
dated as of August 1, 19W (the "Lease") between the Lessor and the City; and
s WHEREAS, pursuant to said Lease the proceeds from the issuance of such
Certificates were deposited with the Agent to be used for the general purpose
of purcbasing on or prior to August 28, 1989, the items of personal property
and equipment described in the Lease; and
WHEREAS, the City has not fully expended the funds deposited with the
Agent from the issuance of the Certificates; and
WHEREAS, in order to utilize fully the proceeds from the issuance of t,.e
Certificates for the purchase of personal property and equipment, the City
desires to extend the date set for the purchase of such equipment from
August 28, 1989 to August 28, 1990; and.
r WHEREAS, it has been determined that such extension is in the best
interest of the City;
CITY CO SMMI SION
MEETING OF
SEP 14 1989
RESOLUTION No QJ '� ' 5 "
REMARKS:
------------
Sail', ES IT =MVW . YTo awassimO' To am OP
_• ear krc =• : r• r• ,r- ••u r-• r rc _: ue _ • •
�r �• •U tGr =•+ • • r r_• a �r cr C�!•= a U • r• r••r rer r=•
bweit a8 if frilly set forth in this Seoti.on.
8eotion 2. The won hereby authorizes extension of the tires
requiz43d to purdhage pmvonal propmty and equiptent p==t to the term of
the Leave from August 28, 19M to August 28, 1990.
Section 3. Mie Mayor, the City Manager, the 17ireotor of FinaMSO
the City Attorney and the City Clerk of the City and other officials and
officers of the City are hereby authorized, empowered and directed to execute
and deliver such documents and to take such other aotions as dhal1be
necessary and appropriate to aoocuplish the extension auttwrized by this
Resolution and all matters related thereto.
Section 4. All Resolutions or parts of Resolutions insofar as
they are inoonsisteat or in oonfliot with the provisions of this Resolution
Section 5. Miis Resolution sW 1 become effeotive imedj ately
upon its adoption.
i• • tia�r n w • :u - .: • • •
SHI li FIkl ;i• SNIkN in Y• AN 5414 M r •;
•� :�r � �)•1� it ��)•i• J M :r. �
N •1•+
-2-
6
CITY OF MIAMI. PLOAIDA
INTER -OFFICE MEMORANDUM
Ito Honorable Mayor and Members DATE Fad
of t e City Commission
rcT Resolution Authorizing
extension of time required
to purchase personal
row Cesar H. Odio eEFEmemcEsproperty with the Certifi-
City Manager Cates of Participation
emmoKwsProceed a.
RECOMMENDATIONS
it is respectfully recommended that the City Commission adopt the
attached resolution authorizing an extension of the time required
to purchase personal property and equipment with the proceeds from
the issuance of the $16,175,000 Certificates of Participation
Series 1986; authorizing the taking of action and the execution of
documents in connection therewith; repealing inconsistent
resolutions; and providing an effective date.
BACKGROUND:
The City of Miami issued $16,1759000 in Certificates of
Participation in 1986 with the purpose of acquiring personal
property and equipment, comprised of cars, trucks and related
equipment.
Originally, acquisition funds were to be used within three years of
issuing the Certificates, that is, by August 1989. The acquisition
fund had a balance of approximately $1,000,000 as of the end of
August, 1989, due to the accumulation of interest earnings. These
funds could be used to purchase additional equipment once the
attached resolution extending the purchase period is approved by
the City and the other parties involved in the transaction,
otherwise, the funds must be used to redeem outstanding
Certificates.
The Departments of General Services Administration and Finance
recommend extending the acquisition period through August, 1990, as
per attached legislation.
j FORM 811 MEMORANDUM OF VOTING CONFLICT FOR
COUNTY9 MUNICIPAL AND OTHER LOCAL PUBLIC FFICER
' I LAST NAME —Mast NAMk—MlDplk NAME
NAME Of aQARQ Co11►'CIL CvoAMISSION. AUTHORITY. 02 COMMITTI
SUAREZ, XAVIER L.
I YAlUN1� A1IURESS THE WARM COUNCIL.C'OMMISStOMAUT
HORITY. THORITY. OR COMMITTEE OD
WHICH 1 SERYL ti A UNII OF:
3500 Pan t'merican Drive xnlr rrtuNTr ' o�r/ttR lnc'A+ ACENrY
CITI tTOVNTI NAML Or kXrr1CA1. SUtWVISION:
LVAI[
iami UDade Mayor
O* WHIc M MR CX111. atEU MY FMTION If eptember 14, 1989
WHO MUST FILE FORM a
This form is for use by any person serving at the county. city, or other local level of government on an appointed or elected board,
council, commission, authority, or committee. It applies equally to members of advisory and non -advisory bodies who are presented
with a voting conflict of interest under Section 112.3143. Florida Statutes. The requirements of this law are mandatory; although
the use of this particular form is not required by IaN, you are encouraged to use it in making the disclosure required by law.
Your responsibilities under the 12% when faced with a measure in which you have a conflict of in►emst will vary greatly depending
on whether you hold an elective or appointive position. For this reason, please pay close attention to the instructions on this form
before completing the nurse side and filing the form.
INSTRUCTIONS FOR COMPUANCE WITH SECTION "2.3443, FLORIDA STATUTES
ELECTED OFFICERS:
A person holding electi%c county. muni6pal, or other local public office MUST ABSTAIN from voting on a measure which inures
to his sproal private gain. Each local officer also is prohibited from knowingly voting on a measure which inures to the special
gain of a principal (other than a government agency) by whom he is retained.
In either case, you should disclose the conflict:
PRIOR TO THE VOTE BEING TAKEN by publicly stating to the assembly the nature of your interest in the measure on
which you are abstaining from voting; and
WITHIN IS DAPS AFTER THE VOTE OCCURS by completing and filing this form with the person responsible for recording
the minutes of the meeting, who should incorporate the form in the minutes.
APPOINTED OFFICERS:
A person holding appointive county, municipal, or other local public office MUST ABSTAIN from voting on a measure which
inures to his special private gain. Each local officer also is prohibited from knowingly voting on a measure which inures to the
special gain of a principal (other than a government agency) by whom he is retained.
A person holding an appointive local office otherwise may participate in a matter in which he has a conflict of interest, but must
disclose the nature of the conflict before making any attempt to influence the decision by oral or written communication, whether
made by the officer or at his direction.
IF YOU INTEND TO MAKE ANY ATTEMPT TO INFLUENCE THE DECISION PRIOR TO THE MEETING AT WHICH
THE VOTE WILL BE TAKEN:
• You should complete and file this form (before making any attempt to influence the decision) with the person responsible for
recording the minutes of the meeting, who will incorporate the form in the minutes.
• A copy of the form should be provided immediately to the other members of the agency.
• The form should be read publicly at the meeting prior to consideration of the matter in which you have a conflict of interest.
S
(I FORM to 10.86
IF YOU #TAKE NO ATTEMPT TO INFLUENCE THE DECISION EXCEPT by DISCUSSION AT THE MEETINO:
• You should disclose orally the enure of your contort in the treasure before partidpating.
e You should complete the form and Pik it within Is days after the vote occurs with the pelt raponsibk ror nownIni the minutes
of the meeting. who should incorporate the form in the minutes.
DMOSVlS OF LOCAL OFFICER'! *ffW lT
I. . XAVi nr J. S lArPa , hereby disclose that on
(a) A treasure come or will come before my agency which (check one)
inured to my special private pin; or
so Cl)��Sf �!G Tyr �`tc�7 I S
inured to the special pin or �� by whom 1-wirsendn W. '
• J610tali"Ej
(b) The measure before my agency and the nature or my interest in the measure is as follows:
R-89-756:
Non -agenda item: A resolution. authorizing an extehsion of the
time required to purchase personal property and equipment with
the proceeds from the issuance of the $16,175,000 certificates
of participation series 1986; authorizing the taking of action
and the execution of documents in connection therewith;
repealing inconsistent resolutions; and providing an effective
date.
�f
Date Fired Signature
NOTICE: UNDER PROVISIONS OF FLORIDA STATUTES 1112.117 (1985). A FAILURE TO MAKE ANY REQUIRED
DISCLOSURE CONSTITUTES GROUNDS FOR AND MAY HE PUNISHED BY ONE OR MORE OF THE FOLLOWING:
IMPEACHMENT. REMOVAL OR SUSPENSION FROM OFFICE OR EMPLOYMENT, DEMOTION. REDUCTION IN
SALARY. REPRIMAND, OR A CIVIL PENALTY NOT TO EXCEED S5,000.
PAGE