HomeMy WebLinkAboutItem #36 - First Reading OrdinanceORDINANCE NO -
AN ORDINANCE AMENDING SECTION 1 OF
ORDINANCE NO. 105219 AS AMENDED,
ADOPTED NOVEMBER 17, 1988, THE
CAPITAL IMPROVEMENTS APPROPRIATIONS
ORDINANCE, BY INCREASING THE
PROJECT ENTITLED "PRELIMINARY
GENERAL OBLIGATION BOND EXPENSES -
1988" PROJECT NO. 311005 IN THE
AMOUNT OF $209000; APPROPRIATING
FUNDS IN SAID AMOUNT FOR SAID
PROJECT FROM BOND PROCEEDS;
CONTAINING A REPEALER PROVISION AND
A SEVERABILITY CLAUSE.
WHEREAS, the City Commission adopted Ordinance No. 10521 on
November 179 1988, appropriating funds for Capital Improvement
Projects; and
WHEREAS, in accordance with Sect' 2� 36 of the Miami City
Code (1980), the Planning epart t s prepared and itted
to the City Commission a it�l mprovement Pro a�a �CIP) that
identifies the sources funding o al r ottsed capital
projects valued at $5,000 r more f he��program years 1988-
1994; and
i WHEREAS, appropriated preliminary general obligation bond
jexpenses for fiscal year 1988 were based on an early estimate for
l
a bond sale for less than the $18,400,000 sold in November, 1988;
and
WHEREAS, as a result of the increase in the size of the 1983 _
1 _—
I general obligation bond issue actual preliminary expenses payable
from the bond proceeds, reached to $120,000; and
NOW, THEREFORE, BE IT ORDAINED BY THE COMMISSION OF THE CITY
_ OF MIAMI, FLORIDA:
Section 1. Section 1 of Ordinance 10521, adopted, November. x
179 1988, as amended, is hereby further amended in the following,,
particulars:l `.5f
Words and or figures stricken through shall be' deleted'-
j! Underscored, wards and/or figures shall be added. The remainin 1>f
r
provisions' are now in effect and remain unchanged. Asterisk$: _
indicate omitted and unchanged material. All figures are rounded,
■i to the nearest hundred dollars.
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