Loading...
HomeMy WebLinkAboutItem #22 - First Reading OrdinanceJ-09 -14 1 7/19/00 f t*iii i-:k:rr. LA14 1P•T oRt'3 oh"CR NO. At$ ORDINANCE CRt ATING A NEW SYE CI At, REVENUE: ruNn ENTITLED "Oi,;N1 AREA REDEVELOPMENT TAX INCREMENT TRUST FUND ACCOUNT" AND APPROPRIAT114G INITIAL FUNDS FOR ITS OPERATION M .T11E AMOUNT OF ONE MILLION SIX IIUNDREt) THOUSANn DOLLARS CONSISTING OF AD VALOREM TAX INCREMENT MONIES RECEIVED OR TO BE RECEIVED rROM METROPOLITAN DADE COUNTY AND/OR SUCH OTHER MONIES AS MAY BE ALLOCATED BY THE CITY RELATIVE: TO THE OMNI AREA REDEVELOPMENT PLAN (RESOLUTION NO. 86-868); PROVIDING rott INTENT; PROVIDING FOR FUTUttr, APPROPRIATIONS; AND CONTAINING A REPEAbER PROVISION AND A SEVEFLI 3ILITY rLAtISF . WHEREAS, oil October 23, 1986, th City Commfsnion Adopted Reavlutiuii No. 86-868 ag-vinqee tI Area Re.davolopment. Plan Pand requesting a Dade y Cvrnm coil to create And implement.an Omni Are Red,- el Pnstrict within the City !�-14i6,11i, F1orlda; and 1 V.-HU tEA:;, the Met ropy rd 1 d .04 . y ('0JiVniAgi0n, nn - 'July` 7, 1987, voted to appr. thr Area Rndev©lofsmont pran; and %IHEiAEAS, the City of Miami, as the ,*:ommunity Redevolulw-6-11t Agonc:y fox: the Omni Area District, is required by St.att.t la:: to antablitsh a Redevelopment Tru:;t F•ilnci for the P►rrE.(-)geR of collecting and using funds rc.tlative t(I the financ_irig of rC-d0V(:)ap:?1ent aCtivitleS undertaken pursuant to the Community Redevelopment Plan and such other velated purposes which may, be - allowed by stXite lzw; and WfIF.REAS, it. is intended that t:hv Special R4.:vonvie F,m-1 I.•• anc.e,hl ieshad herein and apprul,r:.iations shall hit a opos i trid thoiiti foz no long as any indeGtedilf-sa exists tar which Orin � tc1a 1)iwer.ict. ln.:xerr�s�snt reventius have been ple.:itr-d (not to 'ox, cc•.I 3Ct yvars)l and {