The URL can be used to link to this page

Home My WebLink AboutO-10215w� 3-87"153 A. dmeot,. No z to 1/2'9/87 f dinance No, 10150 ORDINANCE NO, 1 0 21 S AN EMERGEENCY ORDINANCE A'*ENDIN!3 SF('I'LONS ii AND 6 OF ORDINANCE NO. 10150 AD0PT!:i) SEP'T'EMBER 25, 1986, THE ANNUAL APPROPRIATIONS ORDINANCE FOR THIN F%SrA!� YEAR ENDING SEPTEMBER 30, 198`7; BY INCREASIN1T THE APPROPRIATIONS IN THE I V'I k::RNAf_. SERVICE FUND IN THE AMOUNT OF $3066;1051 HEAVY EQUIPMENT MAINTENANCE DIVISION, INf7REA.SIN,3 REVENUES IN A LIKE AMOUNT FROM FY186 RETAINED FARNIN!,,S TO FUND THE RENTAT_ PAYMENTS REI.,ATIVE TO THE SALE OF $161175,000. IN CERTIFICATE OF PARTICIPATION NOTES; C ONTAINING A cif PEA',ER PROVISION AND A SEVERABI:..I`I'Y C;,AUSE. WHEREAS, the City Commission adopted Resolution No. 86-560 or. July 10, 1986, authorizing and directing the City Manager to select, negotiate and execute a . g-eemer.t with a managing underwriter not to exceed $20,000,000 of certificates of participation in a lease purchase agreement, pursuant to which = the City of Miami, as lessee, will finance the acquisition of certain vehicles and equipment; and WHEREAS, the City of Miami prepared an Offering Circular dated August 28, 1986 with respect to the offering of $16,175,000 of Certificate of Participation rotes; and WHEREAS; the aforementioned Certificates evidence undivided proportionate interests in "Basic_ Rent" (as defined in the Offering Circular) to be made by the City of Miami pursuant to the irease Purchase Agreement dated as of August 1, 1986 by and between. the City and Fiscal Funding of Miami, Ire. for the acquisition_ and financing of certain equipment to be used by the City; and WHEREAS, the City of Miami is required to make semi-annual basic rent payments pursuant to the Lease Purchase Agreement; and WHEREAS, basic,rent payments in the amounts of $478,180 and $2,587,925 are due and payable on February 13, 1987 and August 16, 1987, respectively; — NOW, THEREFORE, HE IT ORDAINED BY THE: COMMISSION OF THE CITY OF MIAMI, FLORIDA: Section 1. Sri": t i'mi"; 4 anal 6 of Ordinance No. 10150 adopted September 25, 1986, the Annual Appr.-)priati.)r. Ordin.ar.ce for the fiscal year ending September 301987,nrre hereby amerded it'. the following particulars 1/ "Section 4. The following activities, which are carried on for the service and convenience of other funds, shall be operated by the City Manager within the limits of the appropriations provided in the foregoing departments, boards, offices, and accounts of the city of Miami and ether revenues or receipts which may be received. In.tern.al Service Funds Appropriation, Heavy Equipment Maintenance 12,660,783 Total Internal Service Funds -4 299 944 $ 30,355,019 Section. 6. The above appropriations are made based on the following sources of revenues for the 1986-87 fiscal year: Internal Service Funds [footnote reference omitted] Revenue Heavy Equipment Maintenance ,994- 679 $ 12,660,783 _ Total In.tern.al Service Funds 27,-2$g-, 944 $ 30, 355, 019 Section. 2. All ordinances or parts of ordinances insofar as they are inconsistent or in conflict with the provisions of this ordinance are hereby repealed. 1/ Words and/or figures stricken through shall be deleted. Underscored words anal/or figures shall be added. The remaining provisions are now in effect and remain. unchanged, Asterisks indicate omitted and unchanged material. 110215 4W Section 3- tf any part o r section, paragraph) ca us e, phrase, o r wt d of this Or d ir a roe is declared invalid, the remaining pr'ovisiOrls Of this or;jirarce, shall rtt be a f re c t e d section 4. This ,) r d i r a rc e is hereby declared to be ar. emergency measure or the grourds of urJellt public need . f o v- t, h e preservation of peace, health, safety, and property of the City of Miami. Section. 5. The requirement of reading this ordi-nance ir two separate days is hereby dispersed with by ar, aCfirmative vOto-z Of not less than four -fifths of the Members of the Commission. RU f PE 12th da of y 1987. PASSED AND ADOPTED this RU VIER L. SUPE,7,/, MAYOR ATTEST: MATTI HIRAI CITY CLERK i BUDGETARY REVIEW: DEPARTMENT BUDGET 11,,GEMENT, AND PREPARED AND APPROVED BY: ROBFRT F. CLARK CHIEF DEPUTY CITY ATTORNEY APPROVED AS T FORM AND CORRECTNESS: 7t —jC-f AT A. DOUGHERTY CITY ATTORNEY C;t- -f W)mi-Florid-1 of A 0, 'it-v --1 of said 01's -A. D. Jy • ' 33. city of MIAM I. KL00ibA rivfi =off I MtMOAAiNCIUM Tn Honorabl e Mayor and Members DATE ° L 1987 tr"E of the City Commi ssion sue1E=' Amendment to the Annual jj Appropriations Ordinance KROM REFERENCES - Cesar H. Odi o C i -ty Manager SNZLOSURES - Recommendation: It is respectfully recommended that the City Commission adopt the attached emergency ordinance appropriating $3,066,105 to cover the FY'87 basic rent charges relative to the sale of S16,175,000 in Certificate of Participation notes. Background: The Finance Department presented the City Commission financial information which resulted in the City of. Miami selling $16,175,000 of Certificate of Participation notes on August 29, 1986 pursuant to a Lease Purchase Agreement dated as of August 1, 1986. This agreement i s between the C.i ty of Mi ami and Fiscal Funding of Miami, Inc. The funds generated by thi s sal e are to be used for the purchase of automobiles_, light trucks, motorcycles and other equipment specified in the offering circular to comply with the City Commission's stated policy to improve the safety of the City"s pool fleet, especially police patrol vehicles.. Basic rent payments, which consists of principal and interest components, are payable semi-annually beginning February 13, 1987 and ending August 16, 1992. In order for the lease agreement to remain in force th.ru 1992, it is necessary for the City Commission to appropriate each fiscal year an amount necessary to cover the basic rent payments.. Funds to cover the appropriations will come from FY'86 retained earnings in the Internal Service Fund. Attachments: Proposed Emergency Ordinance MIAMI REVIEW Published Daily except Saturday, Sunday and Legal Holidays Miami, Dace County, Flcrica. STATE OF FLORIDA COUNTY OF DADE: Before the undersigned authority personally appeared Octalma V. Ferbeyre, who on oath says that she is the Supervisor of Legal Advertising of the Miami Review, a daily (except Saturday, Sunday and Legal Holidays) newspaper, published at Miami In Dade County, Florida; that the attached copy of advertisement, being a Legal Advertisement of Notice In the matter of CITY OF MTAIMI ORDINANCE NO.: 10215 XXXX in the Court, was published in said newspaper in the issues of Feb. 27, 1987 Affiant further says that the said Miami Review is a newspaper published at Miami in said Dade County,. Florida. and that the said newspaper has heretofore been continuously published in said Dade County, Florida. each day (except Saturday, Sunday and Legal Holidays, and has been entered as second class mad matter at the post office in Miami in said Dade County, Florida. for a period of one year next preceding the first publication of the attached copy of advertisement: and afllanl further says that she has Heil er paid nor promised any person, firm or corporation ar} , ' co nt, rebate, commission or re hd for the purpose cur, this advertisement for pub n in the aid ne p . 6 Swom to and subscribed before me this 27..'day pf .. >;>�a> fir,, A.D. 19 87 AIlrfn "toi :-iJotar,'Public, St t Florida at large (SEAL) r� �1 ' • y My Commission expires Aug. 16. 1988. MR 143 diTY or MIAMI DAME COUNTY' PL+C RIBA � LEiiAL N010E i that on the 12TN day <)l All Interested persons wilt take notice February. 198r, the City Chmmisston of Mi:rmt, Floc{da; adopted the following litled ordinances: ORDINANCE NO, 10214 AN EMERGENCY ORDINANCE ESTABLISHING ANNUAL COMMERCIAL SERS OFARBAGE COLLECTION AND DISPOSAL FEES Ci7Y COMMERCIAL GA BAGE SERVICES; FOR ITOYNTAINING PRO11EI DING FpRVINCO USIOtDJ AN THEE CITY CODE. ORDINANCE NO. 10215 AN EMERGENCY ORDINANCE AMENDING SECTIONS 4 AND 6 E F ORDINANCE NO 10150 ADOPTED SEPTEMBER 25. 1986, THE ANNUAL APPROPRIA.7IONS ORDINANI E FOR THE FISCAL YEAR ENDING SEPTEMBER 30. 1987, BY ICE FUND IN HE APPROPRIATIONS IN THE AMOUNT OF $3 %6Ho JNTERNAL SER HEAVY EQUIIP ICE FUND IN MENT MAINTENANC13. bIVtS10N, INCREASING REVENUE IN A LIKE FUNDTHE REEARNINGS TO OUNT FROM FY-86 NTAL PAYMENTS RELA7 VETRETAINEDO THE SALE OF CONTAINING A REPEALERTPROVISION AND AOEVERABIL- ITY CLAUSE, ORDINANCE NO. 10216 ANODI ORDINANCE NNO. 10150, ADOPTED SEPTEMBER AND OF O198 -AS AMENDED, THE ANNUAL APPROPRIATIONS ORDINANCE YEAR ENDING SEPTEMBER 30,1987, ARE HERRTHE FISCAL EBY FURTHER AMENDED, By NCREASING THE APPRO pR1ATION5 IN THE ENTERPRISE FUND. PROPERTY AND LEASE MANAGEMENT ENTERPRISE FUND IN OF PROPOSED AMOUNT OF $15,000 FOR THE PURPOSE OF REIMBURS pES URGES FNT OF NATURAL OR THE ACQUISITION OFETWO REAL PROP' ERTY LOCATED ATS30471 MAIN HF BAG WAY, REACLE DENUE INITION TONE LIKE AMOUNT BEING AVAILABLE FROM PROPERTY AND LEASE MANAGEMENT'S 1985.19B6 RETAINED EARNINGS CONTAINING A REPEALER PROVISION AND A SEVERABIL• ITY CLAUSE. ORDINANCE NO, 10217 AN ORDINANCE AMENDING CHAPTER 54 ARTICLE VI OF F THE CITY THE ENTITLED OSIDEWALK GOA:EIS.MIBYLADDING N WAS EAREAS N 54-109, '-DEFINITIONS", BY AMENDING ZSOECT NES ON 54--11112 ,PERMIT FEES" TO MPOSED ON A SQUARE OFOOTAGE BASISVIDE FOR : By AMEND T FEES TO NGfSECTION R APPLICATION REVIEW" ANDS CTION 6 -C 6TRIERIA OFORM AND CONDITIONS OF PERMIT''; CONTAINING A REPEALER PROVISION AND A SEVERABILITY CLAUSE, ORDINANCE NO. 10218 AN NA pC pNO.N 015 MA OPTEDENDING SSEPTOEMBER 25, 1986—THE ANNUAL APPROPRIATIONS ORDINANCE OR THE YEAR ENDING SEPTEMBER 30. 1987. ASAMENDEDCAL BY INCREASING THE APPROPRIATIONS IN THE ENTERPRISE FUND, PROPERTY AND LEASE MANAGEMENT ENTERPRISE rr,unr0Cc oHE PROP Art n MOA Nrcc3:$26GONwEEGTION WITH THE CiTY'S POSSIBLE ACOUISFTiL)N Ul- f-Hu"tn)T FOR FOR LEASE TOTTHE UNITED STATES GENUARE EOT BUILD RA SERV• ICES BEING AVAILABLE N THE LIKE AMOUNT AFROM PRO ERTY( AND LEASE MANAGE- MENT'S 1985-1986 RETAINED EARNINGS CONTAINING A REPEALER PROVISION AND A SEVERABILITY CLAUSE. ORDINANCE NO. 10219 N 2-309, ENTITLED AN ORDINANCE DISCpDING OSURE"NTO CHAPTEW ER 2 OF THE CODE OF THE CITY OF MIAMI, FLORIDA. AS AMENDED; SETTING FORTH REQUIREMENTS DISCLURE By CITY, OFFICIALS OF INFORMOATONNUAL RELATED TO THE FINAN- CIAL NG PENAL- TIES. STATUS A REPEALER I ROVISION AND A, OFFICIALS;TNISEVERABILITY CLAUSE. ORDINANCE NO- 10220 AN I tAt.lti;ItJitF,�tF�'1}t5tAC)t)F'1tLt:i` iFPlfMfiF.Fxt1` ()F'it)iNA1Jt-:•E'. r,1 3 yt1G. 1 ltF. AtJtJt.1At.. l,f'if';,f F11A1 1 t�1A1rE i}IS.3r, 1(,F:r'f= By i.xAt YE:A}e tA-41104 .,. sIJ1t_i<I'1Fst. sk.ft'd seat:F%rrA`.ait101-i'tt'..APPRC)f'RfA'tf(�tJ,137341, HEAVY EQUIP- k:E f=UND !N THE AMOUNT OF $2 MEN1 MAiN11 NANCE DIVISION, INCREASING REVENUES FROTHE PROCEEDS OF THE $ALE IN A LIKE AMUNT CAPE OF pARpCiPATigN NOTES TO OE APPRQ OF GE PRIAT.EQ INTO THE MOTOR OOI,- )LICE PATROL" Y HI• TO fUNO THE 'P.URCN .GEES; Q TH9NING.A REPEALER PROYISIO.N AND A SEA' �f;II,�11-1TY CI✓Af��E•