HomeMy WebLinkAboutO-10629J-89-787
8/11/89
ORDINANCE NO. 1 (W12"k'.
AN EMERGENCY ORDINANCE APPROPRIATING THE SUM
OF $300,000 IN SUPPORT OF THE PROGRAM OF
CAREY TECHNICAL INSTITUTE, INC., A FLORIDA
NOT FOR PROFIT CORPORATION ("CAREY
TECHNICAL"), UPON CAREY TECHNICAL'S
COMPLIANCE WITH THE TERMS AND CONDITIONS SET
FORTH IN ENABLING LEGISLATION AND LOAN
AGREEMENT(S) TO BE EXECUTED BY CAREY
TECHNICAL, SAID $300,000 CONSISTING OF
$100,000 RECEIVED FROM MIAMI CAPITAL
DEVELOPMENT, INC. FROM ITS LOAN POOL FOR FY
1988-89 AND OTHER FUNDS CURRENTLY
APPROPRIATED TO MIAMI CAPITAL DEVELOPMENT,
INC., WITH MONIES TO BE MADE AVAILABLE BY
AUGUST 15, 1989 TO CAREY TECHNICAL, AND
FURTHER CONSISTING OF $100,000 FROM
MISCELLANEOUS REVENUES OF THE CITY OF MIAMI
FOR FY 1988-89, TO BE MADE AVAILABLE BY THE
CITY MANAGER TO CAREY TECHNICAL ON OR ABOUT
SEPTEMBER 1, 1989, WITH THE SUM OF $100,000
TO BE MADE AVAILABLE FROM MISCELLANEOUS
REVENUES OF THE CITY OF MIAMI IDENTIFIED BY
THE CITY MANAGER, TO CAREY TECHNICAL
INSTITUTE ON OR ABOUT OCTOBER 1, 1989; ALL OF
THE FOREGOING TO BE TRANSFERRED AND DEPOSITED
IN CITY OF MIAMI SPECIAL PROJECTS AND
ACCOUNTS FOR THE SOLE AND EXCLUSIVE PURPOSE
OF FUNDING THE CONTINUED OPERATIONS OF CAREY
TECHNICAL, IN ACCORDANCE WITH ENABLING
LEGISLATION AND THE LOAN AGREEMENT(S) FOR
SAID LOAN; CONTAINING A REPEALER PROVISION
AND A SEVERABILITY CLAUSE.
WHEREAS, Carey Technical Institute, Inc. ("Carey
Technical"), a Florida not for profit corporation, which provides
necessary educational, vocational and technical training to
residents and use of the areas commonly known as the inner city
within the City of Miami and its adjacent neighborhoods has
petitioned the City of Miami to make a $300,000 loan to said
Carey Technical for the purposes of assisting Carey Technical to
remain open despite difficult fiscal and economic problems it is
encountering so that it may continue to provide necessary
training and technical guidance to disadvantaged residents of the
community through which the entire City and its adjacent areas
benefit by the resulting increased economic, technical and social
advancement of disadvantaged residents; and
ti
WHEREAS, the City Commission shall authorize a loan of
Three Hundred Thousand Dollars ($300,000) in accordance with the
terms, conditions and stipulations contained in the security
agreement, promissory note, UCC-1 financing statement, and
similar loan instruments (herein collectively referred to as
"loan documents") and in accordance with enabling legislation for
the continued operation and existence of Carey Technical; and
WHEREAS, City of Miami has been able to identify the sums
of One Hundred Thousand Dollars ($100,000) as being available
from the operating fund budget of Miami Capital Development, Inc.
for FY 1988-89 to make the first disbursement of said loan
proceeds on or about August 15, 1989, and further has identified
the sum of $100,000 from miscellaneous revenues of the City of
Miami for FY 1988-89, to be made available to Carey Technical,
and paid on or about September 1, 1989; and
WHEREAS, the City Manager shall identify the sum of One
Hundred Thousand Dollars ($100,000) from miscellaneous revenues
of the City of Miami for FY 1989-90, commencing on October 1,
1989, to be made available to Carey Technical for the third and
final disbursement of this loan to be paid on or about October 1,
1989;
NOW, THEREFORE , BE IT ORDAINED BY THE COMMISSION OF THE
CITY OF MIAMI, FLORIDA:
Section 1. The recitals and findings contained in the Preamble to
this Ordinance are hereby adopted by reference thereto and incorporated herein
as if fully set forth in this Section.
Section 2. The following special projects and accounts fund is
hereby established and resources are hereby appropriated as described herein
for the sole and exclusive purposes of making this loan in the manner provided
for by the enabling legislation and loan agreements:
FUND TITLE:
Special Projects and Accounts, Carey Technical
REVENUES:
Miami Capital Development, Inc. Operating
Fund Balance for FY 1988-89 (payable
on or about August 15, 1989) $100,000
.,
-2- ._� ?Q�,, wi i
H
Miscellaneous Revenues of the City of
Miami from FY 1988-89 (to be made
available on or about September 1, 1989) $100,000
Miscellaneous Revenues of. the City
of Miami from FY 1989-90 (to be made
available on or about October 1, 1989,
only under the terms and conditions of
the loan agreement(s) and enabling $100,000
legislation)
APPROPRIATIONS
SPECIAL PROJECTS AND ACCOUNTS,
CAREY TECHNICAL $300,000
Section 3. All ordinances or parts of ordinances insofar
as they are inconsistent or in conflict with the provision of
this Ordinance are hereby repealed.
Section 4. If any section, part of section, paragraph,
clause, phrase, or word of this Ordinance is declared invalid,
the remaining provision of this Ordinance shall not be affected.
Section 5. This Ordinance is hereby declared to be an
emergency measure on the grounds of urgent public need for the
preservation of peace, health, safety, and property of the City
of Miami, and upon the further grounds of the necessity to make
the required and necessary payments to its employees and
officers, payment of its debts, necessary and required purchases
of goods and supplies, and to generally carry on the functions
and duties of municipal affairs.
Section 6. The requirement of reading this Ordinance on two
separate days is hereby dispensed with by an affirmative vote of
not less than four -fifths of the members of the Commission.
Section 7. This Ordinance shall become effective
immediately upon its adoption.
PASSED AND ADOPTED this llth day of August ,
1989.
XAVIER L./SUAREZ, MAYOR
AT T•
MAT Y HIRAI
CITY CLERK
PREPARED AND APPROVED BY:
Zwal C-11,11413 �---:v
AEL E. SUARE RIVAS
ASSISTANT CITY ATTORNEY
APPROVED AS TO FORM AND CORRECTNESS:
JORGE L. FERNANDEZ
CITY ATTORNEY
RSR:yv:M528
-4- 1 ,
f
MIAMI REVIEW
Published Daily except Saturday, Sunday and
Legal Holidays
Miami, Dade County, Florida.
STATE OF FLORIDA
COUNTY OF DADE:
Before the undersigned authority personally appeared
Sookle Williams, who on oath says that she is the Vice
President of Legal Advertising of the Miami Review, a daily
(except Saturday, Sunday and Legal Holidays) newspaper,
published at Miami in Dade County, Florida; that the attached
copy of advertisement, being a Legal Advertisement of Notice
In the matter of
CITY OF MIAMI
ORDINANCE NO. 10629
In the ..... ?t ..:t.. ?c............. . ............. Court,
was published in said newspaper in the Issues of
August 28, 1989
Affiant further says that the said Miami Review is a
newspaper published at Miami in said Dade County, Florida,
and that the said newspaper has heretofore been continuously
published In said Dade County, Florida, each day (except
Saturday, Sunday and Legal Holidays) and has been entered as
second class mail matter at the post office in Miami in said
Dade CpmM Florida, fora period of one year next receding
the fir pub* ation of the attached copy of advertisement; and
affia forth says that she has neither paid nor promised any
persVund
or corporation any discount, rebate, commission
or rr the purpose o1securing this advertisement for
pubin the said newspaper.
tv ttG u d before me this
?.$�/7Fev �is. A.D.19....9.
sue` �y0WLgtC I Worlda at Large
My Commission p�Fe� Q�4DN
MR 105
RECEIVED
1(1 fAiU QF MIAMI, Ft.dlsli��►`'.`
UG' ' AL A®TICE
r. 1 r 88 '
�A i ed persons wili,teke notice that on tr;e�jth day cif
C- 4 9,;the City:`.Comrnission ofMIjami, Florida, adopted the
rj i i lt Ardlnances
ORDINANCE NO10629
AN 1 EMERGENCY' 6abIN4NCE` APPROPRIATING, . `CF E',SUM .,OF
$300,000 IN SUPPORT OF THE PROGRAM OF,,CAREY'TECHNiCAL
INSTITUTE, INC., kFLORIDA NOT.FOR:.PROFiT CORPORATION
("CAREY TECHNICAL"), UPON CAR EY TECHNICAL'S?COMPLI=
ANCE WITH THE TERMS AND CONDITIONS SET FORTH IN:ENA
BUNG LEGISLATION AND�LOAN AGREEMENT(o TO BE.,EXECUTEO
BY CAREY�TECHNICAL,;$AID_$300,000iCONSISTING OF:$100,000
RECEIVED'FROM MIAt.4i CAPITAL'DEVELOPMENT,INC.,FROM;ITS
LOAN POOL. FOR FY.19888VAND,OTHER._FUNDS,CURRENTLY
APPROPRIATED T0, MIAMI CAPITAL DEVELOPMENT,'INC.; WITH
MONIES TO BE MADEAVAiLABLE BY, AUGUST '15, 198970,CAREY;
TECHNICAL, AND FURTHER CONSISTING OF $100,00(Q FROM
MISCELLANEOUS REVENUES .OF THE CITY;OF MIAMI'FOR: FY.
1988.89, TO BE. MADE;'AVAILABLE BY THE CITY MANAGER,TO
CAREY TECHNICAL ON ;OR ABOUT. SEPTEMBER .1, 1989,. WITH
THE SUM OF-$100,000 TO BE MADE. AVAILABLE .FROM MISCEL-
LANEOUS REVENUES OF THE CiTY OFMIAMI, THE
CITY MANAGER, TO':CAREY;;TECHNICAL INSTITUTE CIN OR ABOUT
OCTOBER 1, .1989, ALL OF THE FOREGOING TO BE TRANSFERRED
AND DEPOSITED IN CITY OFMIAMI 'SPECIAL''PROJECTS AND
ANCE WITH ENABLING LEGISLATION AND, THE LOAN AGREE-
MENT(% FOR SAID LOAN; CONTAINING A REPEALER PROVISION
AND A SEVERABILITY,CLAUSE,-!'-
Said. ordinances may be Inspected by'the public at the Office of
the; City Clerk, 3500' Pan American Drive, Miami, Florida,' Monday
through Friday, excluding holidays, between the hours'of 8:00 a;m.
and:6:00 p,m:
ti�is)
MATTY HIRAI
CITY CLERK ,
MiAMI, FLORIDA
3128 89.4,082842M