HomeMy WebLinkAboutItem #16 - First Reading OrdinanceJ-87-495
5/28/81
ORDINANCE NO.
AN ORDINANCE AMENDING SECTION 1 OF
ORDINANCE NO. 10187, ADOPTED DECEMBER 11, 1986,
AS AMENDED, THE CAPITAL IMPROVEMENTS
APPROPRIATIONS ORDINANCE, BY DECREASING AND
RECLASSIFYING THE FUNDING SOURCES FOR THE PROJECT
ENTITLED "FLAGAMI SANITARY SEWERS", PROJECT NO.
351173; BY DECREASING THE APPROPRIATION FROM 1980
SANITARY SEWER G.O. BONDS BY THE AMOUNT OF THREE
MILLION SEVEN HUNDRED THOUSAND DOLLARS
($3,700,000) AND BY APPROPRIATING TWO MILLION SIX
HUNDRED THOUSAND DOLLARS ($2,600,000) FROM THE
REMAINING 1975 & 1976 SANITARY SEWER G.O. BONDS
FUND BALANCE; CONTAINING A REPEALER PROVISION AND
A SEVERABILITY CLAUSE.
WHEREAS, the City Commission adopted Ordinay e J
0187 on December
11, 1986, establishing appropriations for the en ion of Capital
Improvements in the City of Miami; and ,\ A
WHEREAS, Ordinance No. 10187 confirms propriations for the City's
sanitary sewer program, providing funding the amount of three million
seven hundred thousand dolla s 3,7 0, from 1980 Sanitary Sewer G.O.
Bonds for Flagami Sanitary Sew s, Pr c No. 351173; and
WHEREAS, subsequent to the ad t %n of said Ordinance, the project was
modified, bids were recei in amount of $2,152,800, and the total
funding requirements of th oject have been reassessed at $2,600,000; and
WHEREAS, funds to covey\the aforementioned sanitary sewer project are
available in the amount! Vf two million six hundred thousand dollars
($2,600,000). from the rV4ining 1975 b 1976 Sanitary Sewer G.O. Bonds Fund
Balance, agid thys it V hot necessary to sell additional bonds to cover the
cost of MTHR
un r the 1980 Sanitary Sewer G.O. Bond Issue;
NB I T RESOLVED BY THE COMMISSION OF THE CITY OF MI AMI ,
FLORIDA:
Section 1. Section 1 of Ordinance No. 10187, adopted December 11,
1986, as amended, is hereby amended in the following particulars: 1
I Words and/or figures stricken through shall be deleted. Underscored words
and/or figures shall be added. The remaining provisions are now in effect and
remain unchanged. Asterisks indicate omitted and unchanged material. All
figures are rounded to the nearest hundred dollars.