HomeMy WebLinkAboutItem #24 - First Reading OrdinanceJ-8b-576 �
ORDINANCE NO.
AN ORDINANCE AMENDING ORDINANCE NO. 9939,
ADOPTED DECEMBER 20, 1984, AS AMENDED, THE
CAPITAL IMPROVEMENT APPROPRIATIONS ORDINANCE, BY
ESTABLISHING A NEW PROJECT ENTITLED:
"PRELIMINARY BOND EXPENSE" AND APPROPRIATING
FUNDS FOR IT'S OPERATION IN THE AMOUNT OF
$110,000 FROM GENERAL OBLIGATION BONDS-1986
ISSUES; CONTAINING A REPEALER PROVISION AND A
SEVERABILITY CLAUSE.
WHEREAS, the City of Miami plans to issue $22,000,000 in City General
Obligation Bonds - Series 1986; and ,
WHEREAS, the City Commission adopted R of t' W. -86 on June 12,
1986 fixing certain details concerning $12 0 0 Polic H adquarters and
r Crime Prevention Facilities ds, $5,000,00 torm Sewer m ovement Bonds,
$3,000,000 Sanitary Sewe reet Ponds;
onds and $2,000,000 Street and
Highway Improvement Bonds f t of Miami, Florida and directing
publication of notice of sae f sa and
WHEREAS, the City Commission adopted Resolution No. 86-435 on June 12,
1986 approving the Ci Attorney's selection and authorizing the employment of
�. the law firm of.Green rg, Traurig, Askew, Hoffman, Lipoff, Rosen and Quental,
P.A. t erve as P Bond Counsel for the issuance of $22,000,000 City
Genera] ligati n onds - Series 1986 subject to a maximum payment of
$2 d
WHERE in addition to legal fees, it is necessary to obtain
professional d other services such as financial advisors, accountants,
rating agencies and printing services; and
WHEREAS, each bond issue shall pay a proportionate share of the
preliminary bond expenses incurred;
NOW, THEREFORE, BE IT ORDAINED BY THE COMMISSION OF THE CITY OF MIAMI,
FLORIDA:
CITY COMMISSION
MEETING OF
JULi 0
ORDINANCE NO.,..,.
1st READING. .......
2n ING.........................
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