HomeMy WebLinkAboutR-87-0066J-87-71
1/8/87
RESOLUTION NO. 0 % 6 6
A RESOLUTION AUTHORIZING A TEMPORARY LOAN FROM THE
GENERAL FUND, SPECIAL PROGRAMS AND ACCOUNTS, IN AN
AMOUNT NOT TO EXCEED $1,500,000 TO THE MIAMARINA
ENTERPRISE FUND TO BE REIMBURSED FROM THE PROCEEDS
OF THE SALE OF 1987 MARINA REVENUE BONDS.
WHEREAS,
the City
expects
to sell Marina Revenue Bonds
during the second
quarter
of 1987;
and
WHEREAS, certain renovations required at Miamarina are to
be completed by the scheduled inauguration of the Bayside
Specialty Center in April, 1987;
NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE
CITY OF MIAMI, FLORIDA:
Section 1. The City Manager is authorized to
effectuate a temporary loan in an amount not to exceed $1,500,000
from the General Fund, Special Programs and Accounts, to the
Miamarina Enterprise Fund, to be repaid with the proceeds of the
1987 Marina Revenue Bond Sale.
PASSED AND ADOPTED this
ATTE
MATTY HIRAI,
CITY CLERK
PREPARED AND APPROVED BY:
ROBERT F. CLARK,
CHIEF DEPUTY CITY ATTORNEY
8th day of January , 1987.
XAVIER L. SUAREZ
M A Y O R
APPROVE�j AS TO FORM AND
CORREC,KESS:
LUCIA A. DOUGHER�Y,
CITY ATTORNEY
CITY coMmsioN
MEETING OF
JAN �' 19� S
)M &.
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