HomeMy WebLinkAboutR-89-047405111/89
RESOLUTION NO i _. 89" 474.
A RESOLUTION RECOGNIZING THE TAXI -EXEMPT
STATUS CLAIMED BY PENINSULA HOUSING
DEVELOPMENT INC. II, A CODEC HOUSING PROJECT,
IN SUPPORT OF ITS REQUEST FOR RETURN OF
MONIES TO BE PAID BY IT BECAUSE OF ITS
FAILURE TO FILE AN APPLICATION FOR TAXY-EXEMPT
STATUS OF PROPERTY LOCATED WITHIN THE CITY OF
MIAMI; AUTHORIZING AND INSTRUCTING THE t
FINANCE DIRECTOR TO REIMBURSE SAID
ORGANIZATION THE AMOUNT OF $359651.62 SAID
SUM BEING CONFIRMED AS THE AMOUNT TO BE
RECEIVED BY THE CITY AS A RESULT OF THE
ORGANIZATION'S NONCOMPLIANCE WITH THE FILING
REQUIREMENT; FURTHER DESIGNATING PROPERTY
TAXES ACCOUNTS IN THE GENERAL FUND AND
GENERAL OBLIGATION DEBT SERVICE FUND FOR SUCH
REIMBURSEMENT.
WHEREAS, the Peninsula Housing Development Inca II, a CODEC
Housing Project, has been recognized as having a tax-exempt
status under provisions of the Internal Revenue Service and: the
State of :Florida; and
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WHEREAS, the .City is to receive $35,651.62 from tax monies
to be paid by said organization due to its having failed o
perfect; its claim for. recognition of such status;1.
h
NOW,"
OW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY
MIAMI$ FLORIDA; f`
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Section 1. The tax exempt status: recognized under Federal c
and Florida law -and claimed by the Peninsula Housing Development
Inc. II, a CODEC Housing Project, in support of its request.for K
s
the waiver of monies owed to the City because of its failure, to
timely file an application for tax-exempt status of property
located in the City of Miami, is hereby rec�ogni.zed aDd
'Finance Director is hereby.authorized and instructed.t reimbur
tat'' . .
said organization the amount of . $35,651 :62, ,` From applicab,e
;.
Property Taxes Accounts in the General k'uud acid Oerleaw' s. . n
�A` %`
Obligation Da.bt. Service : Fund, isatd sum being core ' rn ed s n
y ;heCtyedbamount . i:
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PA 'BED .' AND 'ADO PT9D this 5th
dAy of M
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XAVIER L AREZ r
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M A Y R
ATT
MAM HIRAI- CITY CLERK
FINANCIAL REVIEW:
S E. GARCIA� -DIRECTOR„
DEPA TMENT, OF` FINANCE
BUDGET REVIEW:
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MANOHAR $URA CTOR
MANAGEMENT AND ET. DEPARTMENT
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REVIEWED ,.AND APP�t13VED
'
�ROHERT F.CLA K
CHIEF' DEPUTY.-' CITY ;:'ATTORNEY .
-_
APPROVEDIAS TO'FORM AND CORRECTNESS:
41
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JO GE. R A EZ
CITY ATTOR EY
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CAY of MIAMI, FLOAIDA
IWEII-OFFICE MEMORANDUM
Nonorkblg Mayo and tbembere U„ft.
or City commission
Agenda item for City.'