HomeMy WebLinkAboutItem #44 - First Reading Ordinance::1 ei6a
ORDINANCE NO.
AN ORDINANCE AMENDING SECTION 1 OF
ORDINANCE NO. 10347, ADOPTED NOVEMBER 19,
11871 THE CAPITAL APPROPRIATIONS
ORDINANCE, BY ESTABLISHING THE PROJECT
ENTITLED 'NORTHWEST RIVER DRIVE
ACQUISITION PROJECT - RREIDT PROPERTY",
PROJECT NO. 419002, IN THE AMOUNT OF
$34,000 AND APPROPRIATING FUNDS FROM
PROPERTY i LEASE MANAGEMENT'S ENTERPRISE
FUND - RETAINED EARNINGS; CONTAINING A
REPEALER PROVISION AND A SEVERABILITY
CLAUSE.
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WHEREAS, the City Commission adopted Ordinance No. 10347 on
November 190, 1987, establishing appropriations for the
Implementation of Capital Improvements in the City of Miami; and
WHEREAS, in accordance with Section 2.136 of the Miami City
Code (1960), the Planning Department has prepared and submitted
to the City Commission a Capital Improv"ent Program (CIP) that
identifies the sources of funding all proposed capital
projects valued at $5,000 or more f C the program years 1987-
1993; and
WHEREAS, this Program was!-"qdo i�zlby the City CommXssion by
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Resolution No. 87-935 on October 2, 1967; and
WHEREAS, the Property i Le se Management ivi'sion of the
General Services AdministratiOn Departm t pe fo s the function
of acquiring property 'for development Ooj ct ich the City is
presently implementing; and
WHEREAS, the acqu'�sdtion of the herein�roperty will assist
the City in impl-ementinq`, the marine -oriented development of
Publicly owned properties along the Miami River from Southwest
2nd Avenue to Northwest 5th Street; and
WHEREAS, two appraisers retained by the City appraised the
Rreidt property at $20*000 and $31,400; and
WHEREAS, Resolution 77-73 established policy to provide a
bonus over the appraised value to property owners who sell their