HomeMy WebLinkAboutO-100432
J-85-955
ORDINANCE NOS. 0048
Amendment No. 14
to Ordinance Nn. 9901
AN EMERGENCY ORDINANCE AMENDING SECTIONS 1,215
AND 6 OF ORDINANCE NO, 9901, ADOPTED SEPTEMBER
21,1984, THE ANNUAL APPROPRIATIONS ORDINANCE FOR
THE FISCAL YEAR ENDING SEPTEMBER 30, 1985, AS
AMENDED BY INCREASING THE APPROPRIATIONS FOR THE
GENERAL OBLIGATION BOND FUND IN THE AMOUNT OF
$561,500 AND BY INCREASING REVENUES IN THE SAME
AMOUNT FROM FY'84 DEBT SERVICE FUND BALANCE TO PAY
FOR $561,500 OF ADDITIONAL INTEREST PAYMENTS
DURING FY'85 AS A RESULT OF THE RECENT SALE OF
$12,000,000 IN GENERAL OBLIGATION BOND ANTICIPA-
TION NOTES, BY INCREASING ENTERPRISE FUND REVENUES
IN THE AMOUNT OF $508,400, $238,400 FOR THE
CONFERENCE CENTER, AND $270,000 FOR THE MUNICIPAL
AUDITORIUM BY INCREASING FY'85 APPROPRIATIONS IN A
LIKE AMOUNT, FOR THE PURPOSE OF APPROPRIATING
$238,400 OF ADDITIONAL REVENUE, FOR THE
CONFERENCE CENTER AND FUNDING DEFICITS ACCUMLATED
IN PRIOR YEARS FOR THE MUNICIPAL AUDITORIUM TO BE
FUNDED FROM A CONTRIBUTION FROM THE GENERAL FUND
BY INCREASING THE SPECIAL REVENUE FUND, RESCUE
SERVICES, IN THE AMOUNT OF $50,072 FROM FUND
BALANCE, BY INCREASING THE FY-85 APPROPRIATIONS
FOR RESCUE SERVICES IN A LIKE AMOUNT FOR THE
PURPOSE OF PURCHASING TWO (2) BASIC LIFE SUPPORT
VANS, BY INCREASING TRUST AND AGENCY REVENUE
PENSION, IN THE AMOUNT OF $1,120,000, BY INCREAS-
ING THE APPROPRIATION FOR PENSION IN A LIKE AMOUNT
FOR THE PURPOSE OF MEETING THE ACTURIAL
REQUIREMENTS FOR THE SETTLEMENT OF THE PENSION
LITIGATIONS AND TO ADEQUATELY PROVIDE FOR THE
PAYMENT TO POLICE AND FIRE SUPPLEMENTAL PENSION
FUNDS, ALSO AUTHORIZING THE FINANCE DIRECTOR TO
APPROVE AND RECORD IN THE POOLED CASH AND INVEST-
MENTS GROUP OF ACCOUNTS THE CITY'S PAYMENT OF BANK
AND INVESTMENT MANAGEMENT CHARGES IN THE AMOUNT OF
$62,000, RETAIN AND RECORD AS COMMUNITY DEVELOP-
MENT PROGRAM REVENUE THE INTEREST EARNED ON H.U.D.
FUNDS IN THE AMOUNT OF $224,650 AND ESTABLISH A
RESERVE FOR POSSIBLE LOSSES ON INVESTMENTS IN THE
AMOUNT OF $300,000; CONTAINING A REPEALER
PROVISION AND A _sEVERABILITY CLAUSE.
WHEREAS, the City Commission adopted Ordinance No. 9901 the Annual
appropriations ordinance on September 21, 1984, establishing revenues and
appropriations for the City of Miami, Florida for the fiscal year ending
September 30, 1985; and
WHEREAS, funds are required to pay $561,500 for additional interest
expenditures in the General obligation Bond Fund as a result of the recent sale
of $12,000,000 in General obligation Bond anticipation notes; and
WHEREAS, $561,500 is available from FY'84 Debt Service Fund Balance to pay
said interest expenditures; and
WHEREAS, additional Enterprise Fund Revenues in the amount of $238,400 are
available from a net increase in parking fees, rents and interest income at the
Conference Center; and
WHEREAS, $270,000 is available from a contribution from the General Fund
for the municipal Auditorium; and
WHEREAS, these additional monies are required to offset increased
operational costs of said Conference Center and to fund accumlated deficits in
prior years at the Municipal Auditorium; and
WHEREAS, $50sO72 is available from prior year fund balance in the Rescue
Services Department to purchase two (2) Basic Life Support Vans; and
WHEREAS, 1,120,000 is needed to meet the acturial and Self Insurance
requirements of the Pension Litigation Settlement and payment to the Police and
Fire supplemental pension fund; and
WHEREAS, Revenues are available in the amount of $300,000 from the State of
Florida, Police and Fire Insurance Premium payments (Florida Statue 175 and
185), and $820j000 from the Pension Trust and Agency Fund Balance to meet this
obligation; and
WHEREAS, the City uses a Pooled Cash and Investments Group of Accounts to
record and maintain substantially all cash, investments, and accrued interest;
and
WHEREAS, interest income is allocated based upon the approximate
proportionate balance of each fund's positive equity in pooled cash and
investments; and
WHEREAS, interest earned by the Pooled Cash and Investments Fund in fiscal
year 1984-85 will exceed $12,000,000; and
WHERERAS, it is to the City's advantage to compensate its bank for service
by payment of approximately $62,000 rather than by maintaining full compensation
balances; and
WHEREAS, interest earnings of $224,650 on Community Development funds have
been approved by H.U.D. for retention and recordation as Community, Development
Program Revenues; and
WHEREAS, the establishment of a reserve for possible loss on investments in
the amount of $300,000, is deemed necessary in order to absorb possible
investment losses;
NOW, THEREFORE, BE IT ORDAINED BY THE COMMISSION OF THE CITY OF MIAMI,
FLORIDA:
Section 1. Section 1,2,5 and 6 of Ordinance No, 9901 adopted September 21,
1984, The Annual Appropriations Ordinance for fiscal year ending September 30,
1985, is hereby amended in the following particulars: 1/
"Section 1, The following appropriations are made
for the municipal operations of the City of Miami,
Florida, for the Fiscal Year 1984-85, including
the payment of principal and interest on all
general obligations bonds and interest on all
general obligation bond anticipation no es:
-'r
r
Total enterprise Funds $�3992 $ 22,2.17,�Z1
Special Revenue Funds Revenues
Rescue Services-1363;834 $ 1,313,9Q
Total Special Revenue Funds $-16;314:976 $ 16_,365,048
Trust and Agency _Funds Revenue
Pension $=24-;889;831 $ 26,009,031
Total Trust and Agency Funds $-43;4881347 $ 44,608,347°
Section 2. The herein appropriation for the General Obligation Bond Fund
in the amount of $561,500 is to pay for $561,500 of additional interest payments
during FY185 as a result of the recent sale of $12,000,000 in General
Obligation Bond anticipation notes. Revenue in a like amount is available from
FY'84 Debt Service Fund balance. The herein appropriation in the Enterprise
Fund, Conference Center in the amount of $238,400 is for the purpose of
appropriating $238,400 of additional revenue earned during FY'85 (i.e. rent,
parking fees interest income) which will offset increased operational costs.
The herein appropriation of $270,000 is for the purpose of funding accumulated
deficits in prior years for the Municipal Auditorium. Revenue in a like amount
is available from a contribution from the General Fund. The herein appropria-
tion of $50,072 for Rescue Services is for the purpose of purchasing two (2)
Basic Life Support Vans. Revenue in a like amount is available from fund
balance. The herein appropriation for the Trust and Agency Fund, Pension in the
amount of $820,000 is for the purpose of meeting actuarial requirements for the
settlement of the Gates Case and $300,000 for additional payments to State of
Florida Police and Fire Insurance premium pension fund. Revenue in a like
amount is available from the State of Florida, Police and Fire Insurance premium
payments of '$300,00 and $820,000 from the Pension Fund Balance. The herein
ordinance also authorizes the Finance Director to approve and record in the
pooled cash and investments group of accounts the City's payment of Bank and
investment management charges in the amount of $62,000, retain and record as
Community Development Program Revenues the interest earned on H,U,p, funds in
the amount of $224,650 and establish a reserve for possible losses on i.nvest�
ments in the amount of $300,000,
Section 3. All ordinances or parts of ordinances insofar as they are
inconsistent or in conflict with the provisions of this ordinance are hereby
a
repealed.
General Obligation Bonds Apprdpriatioo
General Obligation Bonds $-223454A $ 22,946j.040
Cnterprise rund App.ro,ri,ations
Municipal Auditorium $ 375059
Conference Center $=1A676;592 $ 10,914,902
Total Enterprise Funds $-217A9;321 $ 22,217,721
Section 2. The following appropriations are
made for the municipal operations of Cable
Television, Rescue Services, Southeast
Overtown/Park West, Federal Revenue Sharing
for fiscal year 1985 and the Local Option
Gas Tax of the City of Miami for the fiscal
year 1984-85:
Special Revenue Funds Appropriations
Rescue Services 1,813,906
Total Special Revenue Funds 16,365,048
Section 5. The following appropriations are
made in Trust and agency funds:
Trust and Agency Funds Appropriations
Pension $-2478897931 $ 26,009,031
Total Trust and Agency $43;488;347 $ 44,608,347
Section 6. The above appropriations are made
based on the following sources of revenue for the
1984-85 fiscal year:
General Obligation Bonds Revenue
Fund Balance Appropriation $-- ;6453AA8 $ 2,106,500
General Obligation Bonds $- U T384v649 $ 22,946,040
Enterprise Fund Revenue
Municipal Auditorium $---49ST959 $ 375,959
Conference Center $1As55;563 $ 1.0,91.4,902
10049 .
WNW
Section 4. If any section, part of section, paragraph, clause, phrases or'
word of this ordinance is declared invalid, the remaining provisions of this
ordinance shall not be affected,
Section 5, This ordinance is hereby declared to be an emergency measure on
the grounds of urgent public need for the preservation of peace, health, safety,
and property of the City of Miami, and upon the further grounds of the necessity
to make the required and necessary payments to its employees and officers,
payment or its contracts, payment of interest and principal on its debts,
necessary and required purchases of goods and supplies, and to generally carry
on functions and duties of its municipal affairs.
Section 6. The requirement of reading this ordinance on two separate days
is hereby dispensed with by a vote not less than four -fifths of the members of
the Commission.
PASSED AND ADOPTED this 26thday of September y 1985
ATTEST:
BUDGETARY REVIEW:
MANOHAR S. S R
DEPARTMENT OF AND BUDGET
Maurice A. Ferre
MAURICE A. FERRE
MAYOR
1, Clerk of the City of A4iatni, E !br'da,
A, 1), is, �.. it iudl, true 11110 ct?irL`ct col y oi` the ;J) -vv
WaS P0';i(:d il: thC1 sm i. ....,.,r
Court House at the ,)i::c: ;'(uViL'.d
(t.:tiC.s an.i pub;ica,ions by attaching; soli•.: j:y to
ir,sviljed therefor.
WITNESS NESS my hand and th t'flci it s�::11 , t pp-:d
City this.., ..day of..... .% D. ICity Qtea
I'O.,�w,
LEGAL REVIEW;
eMoe, �dWAZ40-0/Q_
4064-ey—
ROBERT
APPROVED AS
CORRECTNESS;
Iq
CITY dK MIAMI. h•L01410A
INTER-OFFIC1 MC MOi4ANICIWM
To. Honorable +Mayor and CATS. 8 E P 8 985 Fist: Dai l
tk tubers of the City Conrnission
suaitct: Amendment to the Annual
Appropriation Ordinance
FROM. Sergio Pereira REFERENCES-.
City Manager,
9INCLOSURE5
It is recommended that the City Commission approve
the attached emergency ordinance increasing the FY
85 appropriations for the General Obl iyation 21ond
Fund in the amount of S561,500 and by increasing
revenues in the same amount from FY'84 debt
service fiend bal3nc(, to pay ��r crG'.,500 of
additional intor4su p:/ ;ants .iuri!rg FY'23 as a
resul+V o` the r.J3 J 41l f 1-1 ,001 ,(J0101
1 rl
general obligation hoed anticipation not-s,
increasing Enterprise Fund revenues in the amount
of S238,400,`or the Conference Center, and
$2.70,000 for the Municipal Auditorium by increas-
ing FY'85 appropriations in a like amount, for the
purpose of appropriating S238,400 of additional
revenue, for the Conference Center and funding
deficits accumulated in prior years for the
Municipal Auditorium to be funded from a contribu-
tion from the General Fund by increasing the
Special Revenue Fund, Rescue Services, in the
amount of $50,072 from fund balance, by increasing
the FY'85 appropriations for Rescue' Services ir, a
like amount for the purpose of purchasing two (2)
basic life support vans, increasing Trust and
Agency revenue P-nsion, in the amount of
$1,120,000, by increasing the appropriation fur
Pension in a like amount for the purpose of
meeting the acturial requirements of S820,000 for
the settlement of the pension litigations and to
adequately provide for the payment to Police and
Fire supplemental Pension Funds of $300,000, also
authorizing the Finance Director to approve ,and
record in the pooled case and investments group of
accounts the City's payment of bank and
Investments ;lanarers charges in ti;e amount of
$62,000, retain and record as community develop-
ment program revenue the interest earned on H,U.D,
funds in the amount of $224,650, and establish a
reserve .for possible losses on investments in the
amount of $300,000,
The attached grdinance authorizes and appropriates the following
transactions required to properly close the City's financial records
for Fiscal Year ' 935:
4
Can January 10, 1985, the City sold S12 million of bond anticipation
notes to finance various capital projects, These notes were sold at
an average interest rate of 7:050%1, At this rate the interest on the
notes for Fiscal Year 1985 will be $561,500, This ordinance is
required to appropriate
riate sufficient funds to meet the interest require-
ment,
The financial records of the City include an enterprise fund for the
Municipal Auditorium. This facility and the fund will cease to exist
during the current fiscal year as the 9ayside Project becomes a
reality.
During its many years of operation, the Municipal Auditorium fund
accumulated a deficit fund balance of approximately $270,000, This
appropriation ordinance will 'fund this deficit and allow the Finance
Department to close the financial accounts on the Auditorium as of the
end of this fiscal year.
The conference Center has received S238,400 of additional revenue from
a net increase in parking fees, rents and interest income. This
additional revenue will fund increased operational costs for said
Conference Center. The Special Revenue Fund Rescue Services has
committed S50,072 from prior year reserves to purchase two (2) Basic
Life Support Vans. This purchase was awarded during 1983-84 Bid Plo.
83-84-119 to EVF Inc. for delivery in FY'85.
The Pension Fund requires an additional appropriation of $1,120,000 to
provide sufficient funding to:
$820,000 to meet the increased actuarial requirements that was
necessitated by the settlement of the Gates case.
$300,000 to bring the appropriation for the transfer of the State
of Florida, Chapters 175 and 185, funds up to amount actually
received.
The City of Miami maintains a Pooled Cashed and Investments Group of
Accounts for all of its cash investments, except those with fiscal
agents.
Interest earnings for the Pooled Cash and Investments Group of
Accounts during the current fiscal year are estimated to exceed
$12,000,000, and are prorated among funds with positive cash balances.
The City maintains bank arrangements by which the bank is compensated
for its services either by the City maintaining compensating balances
or by the actual payment of fees, It is to the City's advantage to
maintain compensating balances at the lowest possible levels, invest
the otherwise uninvested funds, and pay the bank a fee of approxi-
mately $62,000, which is hereby authorized.
9urin fiscal v:,,Ir-- :n'i"j `lirnu�tit !tirt 1� j're ,�;f f i
rt I .,• :�, i ,. l 'lu eC} r,7t are.
fiC,J5inq ihrj tir!-,ati I',. i10`)'"I"t ` !)Qrr_ 11i'D 't'lWl'4l !Indt,r t.hl
.!"f-, ,i1)iIitri+.i(Ir2 (.I)'.iri Pro(11.,`I)t: !:'t:l ii:,u!I-,,i` _4 (-,i1•',h 1')tiiii;" �
order to tit~'" up e-,crow 3ccourlts, CE'nsequefit1y, acl::It,iu1clted c:3sh
balances interest 'n :hIa amount of 5224,6SO which H,1),D. has
a-.ithori,C'', the City t0 r;:^t)1't:; t.he!,i a t'E'v* iM1ius for thE? (,GiT"it_I;li1v
Development Prcgra , This ')ruinancc Mill provide City Commission
approval of this transaction,
In 197$ the Ci ty purchased a cx)struction loan on Gateway Shoe Company
for 51:575 million, through a participation agreement with Southern
Investors Management Company, Irlc,, SI;ICO), STLHCO had a loan guaran-
tee from EDA. (Cconomic Develo.pirnent Administration). The agreement
called for monthly payments of interest and repayment of principal to
the City.
a In 1982, the City began to experience difficulties in collecting
I
complete payments: The matter was referred to the Law Department and
with their assistance interest payments were collected through
Ci.cember 1983. Gateway Shoe Corinany r;;n into financial problems which
eventually !?d It int.) 1!'ivol:in idi'.y bankruptcy. The ri*y Cc7n ti�u=d t0
deal r't th '-�: I; ICO throl,03n. the Lai! Depart:;ient on the r sol uti o', of t l''.
EDP. loan guar;.r.tee, so the City could be paid.
ill September of 190-4, the City received a check from SiMCO as final
payment which was drawn on insufficient funds. The City retained
outside counsel in the State of Louisiana, where SIMCO is based, and
filed an Involuntary Petition of Bankruptcy against SIMCO, in an
attempt to preserve any interest the City may have in the assets of
S U11CO.
This ordi,iance authorizes setting a reserve For possible loss on
investments for S300,000 to offset a loss that will be determined once
l the bankruptcy process is finalized.
i
All investments now being made by the City are guaranteed and cr;r;silt
of:
Certificates of deposit with local hanks participating in the
Local Depos i tnri es Frog ram ��f the State of Florida, and .;ua ran -
teed by the investment pool mairtained 'y the State for this
purpose.
Treasury dills enf,' Treasury I.otes of the --federal Government.
Overnight `izpur.^,(; se, Aiireement,; Ci: T:-2asury riIIs and T;-,�c. !
Notes cIi> :.hich the C:I t v tak_-, r.)sse-sion of i,e cal la"et -a i .
The attached el,if.?rr4ency ordinance is proposed ror the Septei:ibur 26,
19035, City Cor;rlissiotl i oeting.
Atn dt7ent No, 14
to Ordihahct N_ 9901
ORNINAINCE NO,
AN EMERGENCY ORDINANCE AMENDING SECTIONS 1,2,5
AND 6 OF ORDINANCE NO, 9901, ADOPTED SEPTEMBER
2-111984, THE ANNUAL APPROPRIATIONS ORDINANCE FOR
THE FISCAL YEAR ENDINr, SEPTEtIBER 30, 1935, AS
AMENDED BY INCREASING THE APPROPRIATIONS FOR THE
GENERAL OBLIGATION BOND FUND IN THE AMOUNT OF
S561,500 AND BY INCREASING REVENUES IN THE SAME
AMOUNT FROM FY'34 DEBT SERVICE FUND BALANCE TO PAY
FOR S551,500 OF ADDITIONAL INTEREST Pr+Y`IENTS
DURING FY'85 AS A RESULT OF THE RECENT SALE OF
512,000,000 IN GENERAL OBLIGATION BOND ANTICIPA=
TION NOTES, BY INCREASING ENTERPRISE FUND REVENUES
IN THE AMOUNT OF $508,400, 5233o400 FOR THE
CONFERENCE CENTER, AND $210,000 FOR THE i•iUNICIPAL
AUDITORIUM BY INCREASING FY'85 APPROPRIATIONS IN A
LIKE AMOUNT, FOR THE PURPOSE OF APPROPRIATING
5238,400 OF ADDITIONAL REVENUE, FOR THE
CONFERENCE CENTER AND FUNDING DEFICITS ACCUMLATED
IN PRIOR YEARS FOR THE MUNICIPAL AUDITORIUM TO BE
FUNDED FROM A CONTRIBUTION FROM THE GENERAL FUND
BY INCREASING THE SPECIAL REVENUE FUND, RESCUE
SERVICES, IN THE AMOUNT OF $50,072 FROM FUND
BALANCE, BY INCREASING THE FY'-85 APPROPRIATIONS
FOR RESCUE SERVICES IN A LIKE AMOUNT FOR THE
PURPOSE OF PURCHASING TWO (21 BASIC LIFE SUPPORT
VANS, BY INCREASING TRUST AND AGENCY REVENUE
PENSION, IN THE AiiOUNT OF S1,120,000, BY INCREAS-
ING THE APPROPRIATION FOR PENSION IN A LIKE AMOUNT
FOR THE PURPOSE OF MEETING THE ACTURIAL
REQUIREMENTS FOR THE SETTLEMENT OF THE PENSION
LITIGATIONS AND TO ADEQUATELY PROVIDE FOR THE
PAYMENT TO POLICE AND FIRE SUPPLEMENTAL PENSION
FUNDS, ALSO AUTHORIZING THE FINANCE DIRECTOR TO
APPROVE AND RECORD IN THE POOLED CASH AND INVEST-
MENTS GROUP OF ACCOUNTS THE CITY'S PAYMENT OF BANK
AND INVESTMENT MANAGEMENT CHARGES IN THE AMOUNT OF
$62,000, RETAIN AND RECORD AS COMMUNITY DEVELOP-
MENT PROGRAM REVENUE THE INTEREST EARNED ON H.U.D.
FUNDS IN THE AMOUNT OF $224,650 AND ESTABLISH A
RESERVE FOR POSSIBLE LOSSES ON INVESTMENTS IN THE
AMOUNT OF $300,000; CONTAINING A REPEALER
PROVISION AND A SERVERABILITY CLAUSE:
WHEREAS, the City Commission adopted Ordinance No. 9901 the Annual
appropriations ordinance on September 21, 1984, establishing revenues and
appropriations for the City of Miami, Florida for the fiscal year ending
September 30, 1985; and
WHEREAS, funds are required to pay $561,500 for additional interest
expenditures in the General obligation Bond Fund as a result of the recent sale
of $12,000,000 in General obligation Bond anticipation notes; and
rHEREA$, S561,500 is available from FY'84 Debt Service Fund Balance to pay
said interest expenditures; and
WHEREAS, additional Enterprise Fund Revenues in the amount of $238,400 are
available from a net increase in parking fees, rents and interest income at the
Conference Center; and
1:
WHEREAS* S270,000 is available from a Contribution from the General Fund
for the Municipal Auditorium; and
WHEREAs, these additional monies are required to offset increased
operational costs of Said Conference Center and to fund accumlated deficits in
prior years at the Municipal Auditorium; and
WHEREAS, S50,072 is available from prior, year fund balance in the Rescue e
Services Department to purchase two (2) Basin Life Support Vans; and
WHEREAS, 1,120,000 is needed to meet the acturial and Self Insurance
requirements of the Pension Litigation Settlement and payment to the Police and '.
Fire supplemental pension fund; and F
WHEREAS, Revenues are available in the amount of $300,000 from the State of
Florida, Police and Fire Insurance Premium payments (Florida Statue 175 and
185), and $820,000 from the Pension Trust and Agency Fund Balance to meet this
obligation; and
WHEREAS, the City uses a Pooled Cash and Investments Group of Accounts to
record and maintain substantially all cash, investments, and accruedinterest;
and
WHEREAS, interest income is allocated based upon the approximate
proportionate balance of each fund's positive equity in pooled cash and
investments; and
WHEREAS, interest earned by the Pooled Cash and Investments Fund in fiscal
year 1984-85 will exceed $12,000,000; and
WHERERAS, it is to the City's advantage to compensate its bank for service
by payment of approximately $62,000 rather than by maintaining full compensation
balances; and
WHEREAS, interest earnings of $224,650 on Community Development funds have
been approved by H.U.D. for retention and recordation as Community Development
Program Revenues; and
WHEREAS, the establishment of a reserve for possible loss on investments in
the amount of $300,000, is deemed necessary in order to absorb possible
investment losses;
NOW, THEREFORE, BE IT ORDAINED BY THE COMMISSION OF THE CITY OF MIAMI
FLORIDA:
Section 1, Section 1,2,5 and 6 of Ordinance No, 9901 adopted September 21,
1984, The Annual Appropriations Ordinance for fiscal year ending September 30,
1985, is hereby amended in the following particulars; I/
Section 1► The following appropriations are made
for the municipal operations of the City of Miami,
Florida, for the Fiscal Year 1984-88, including
the payment of principal and interest on all
general obligations bonds and interest on all
general obligation bond antic1p4-ton .no. es
004
Geiser l �b1 i at on, C3 rtds Auy—p i_a,tiont,
General Obligation Bonds 5-291984;549
Entprpr4iseFund ApProp.0.01ons
Municipal Auditorium S- 495 959 S 37$1959
Conference Center 5�19;55;593 S 10,914,992
Total Enterprise Funds 22,217,121
Section 2. The following appropriations are
made for the municipal operations of Cable
Television, Rescue Services, Southeast
Overtown/park West, Federal Revenue Sharing
for fiscal year 1985, and the Local Option
Gas Tax of the City of Miami for the fiscal
year 1984-85:
Special Revenue Funds
Appropriations
i
Rescue Services
1,813,906
y
s; Total Special Revenue Funds
16,365,048
i
Section 5. The following appropriations are
made in Trust
and agency funds:
Trust and Agency Funds
Appropriations
Pension
$-34;889;931:
$ 26,009,031
f
Total Trust and Agency
$433488v347
$ 44,608,347
Section 6. The above appropriations are made
j based on the following sources of revenue for the
.
1984-85 fiscal
year:
4 General Obligation Bonds
Revenue
Fund Balance Appropriation
$--iTS457999
$ 2,106,500
General Obligation Bonds
$-22;384;549
$ 22,946,040
Enterprise Fund
Revenue
Municipal Auditorium
$-4957969
$ 375,959
-Conference Center
10.914,902
�i
.. 11 Tf El a n' , co l
ees •
and/ar figures hall' added The remaining provisions are
now in offeCt Ar�d .
remain unchanged. '
i'rtdq indicate c�itted and upchan9ed
--
total Enterprise Funds 21
S,p,ecjal Revenue.. Funds. keveiues
Rescue Services $=63;834 $,„1,,813,9Q6
Total Special Revenue Funds $46i3144t6 $ .1b065_048
Trust and_ Agency, Funds Revenue
Pension $-24 889;931 $ 26,009_,b01
Total Trust and Agency Funds $43488-r34; $ 44,608,347
Section 2. The herein appropriation for the General Obligation Bond Fund
in the amount of $561,500 is to pay for $561,500 of additional interest payments
during FY'85 as a result of the recent sale of $12,000,000 in General
Obligation Bond anticipation notes. Revenue in a like amount is available from
FY'84 Debt Service Fund balance. The herein appropriation in the Enterprise
Fund, Conference Center in the amount of $238,400 is for the purpose of
appropriating $238,400 of additional revenue earned during FY'85 (i.e. rent,
parking fees interest income) which will offset increased operational costs.
The herein appropriation of $270,000 is for the purpose of funding accumulated
deficits in prior years for the Municipal Auditorium. Revenue in a like amount
is available from a contribution from the General Fund. The herein appropria-
tion of $50,072 for Rescue Services is for the purpose of purchasing two (2)
Basic Life Support Vans. Revenue in a like amount is available from fund
balance. The herein appropriation for the Trust and Agency Fund, Pension in the
amount of $820,000 is for the purpose of meeting acturial requirements for the
settlement of the Gates Case and $300,000 for additional payments to State of
Florida Police and Fire Insurance premium pension fund. Revenue in a like
amount is available from the State of Florida, Police and Fire Insurance premium
payments of $300.00 and $820,000 from the Pension Fund Balance, The herein
ordinance also authorizes the Finance Director to approve and record in the
pooled cash and investments group of accounts the City's payment of Bank and
investment management charges in the amount of $62,000, retain and record as
Community Development Program Revenues the interest earned un H.tl,Q, funds in
Section 4, If any section, part of section, paragraph, OaUto, PhNates Or
word of this ordinance is declared invalid, the remaining OrOViSiOht Of this
ordinance shall not be affected,
Section S. this ordinance is hereby declared to be. an emergency measure on
the grounds of urgent public need for the preservation of peace, health, Safety,
and property of the City of Mi
ami, and upon the further grounds of the necessity
to make the required and necessary payments to its employees and officers,
payment or its contracts, payment of interest and principal on its debts,
necessary and required purchases of goods and supplies, and to generally carry
on functions and duties of its municipal affairs.
Section 6. The requirement of reading this ordinance on two separate days
is hereby dispensed with by a vote not less than four -fifths of the members of
the Commission.
PASSED AND ADOPTED this day of 1985
MAURICE A. FERRE
P1 A Y 0 R
ATTEST:
MATTY HIRAI, CITY CLERK
BUDGETARY REVIEW:
MANOHAR S. SUR6PI OR
DEPARTME14T OF , IF AND BUDGET
LEGAL REVIEW:
APPROVED A$ TO FORM A14D CORRECTNUS.-
TITY ATTOMF
I : 0
r
MIAMI REVIEW
AND DAILY RECORD
Published Daily except Saturday, Sunday and
Legal Holidays
Miami, Dade County, Florida.
STATE OF FLORIDA
COUNTY OF DADS
Before the undersigned authority personally appeared
Sonia Halligan, who on oath says that she Is the Assistant to
the Supervisor of Legal Advertising of the Miami Review and
Daily Record, 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 MIAMI
Re: ORDINANCE NO. 10043
X X X ..., Court,
Inthe .....................................
. was published in said newspaper In the Issues of
Oct . 2 , 1985
Aftlent further pare that the said at Miami nt Review said DadenCountly
ty.
Record is a that the pull
Florida, and that the Bald newspaper has heretofore been
continuously published Florida. each beene
Satray,Suad egalHoliday*) and has
entered as second class mail matter at the post office In
Miami in said Dads County, Florida, for a period of one year
next preceding the first publication of the attached copy of
edwrti r Proms and alfiant m Tihm or corpthorration rshe� has neither
paid nor omnlisslon o person.
advertisement for publication in
the the purpose
nowwsp%pff securing this
' Il IIII !
SX&m to and subscsia fors me this
at Large
(SEAL)
My Commission
MR 1.91)
Mi01
LS111AL 06"02
All lhtbfb:ltfld p6 sam Will takb huildo that an thh 00tfi 60 fit`
S6
0
1l;tbbi3f, INA, the City CCtf ithlbbltbh at Mlafril, #108111, hdOtitd
the 161lowltig titl@d ordillt ndf(b)
6ANNAN6E NO.1bb44
AN 0AblNANDE AMENDINI3 THE 20WINt3 AlUt OP Oft.
NANCE NCI.0500, THE 2ONiN0 ORDINANCE OF THE CITY
OF MIAMI, PLORIDA, BY CHANGIN614 26NINO OLAS,
SI iCATi13N'OF APPRCXIMATtILV 001•iE2 NORTHN1t0t
ORDINANCE N6. 1b043
AN EMERGENCY 6AOINAN05 AMENDING StCT10Ng 1,2,5
AND 8 OF ORDINANCE NO.00i, ADOPTED ttPTEMBER.
21, 1084, THE ANNUAL APPROPAIAT16NS:.OAbINANCE,
FOR THE FISCAL YEAR ENDING SEPTEMBER 30,1098, AS
AMENDED 73Y INCREASING THE APPROPRIATIONS FOR
THE GENERAL OBLIGATION BOND FUND IN THE AMOUNT
OF $561,500 AND 13Y INCREASING REVENUES IN THE
SAME AMOUNT FROM FY'84 DEBT SERVICE FUND. 13AL•
ANCE TO PAY FOR $561,600 OF ADDITIONAL INTEREST
PAYMENTS DURING FY'85 AS A RESULT OPIHE RECENT
SALE OF $12,000,000 IN GENERAL OBLIGATION BOND
ANTICIPATION NOTES, BY INCREASING ENTERPRISE FUND,
REVENUES IN THE AMOUNT OF $508,d00, $238,400 FOR
THE CONFERENCE CENTER, AND $270,b00 FOR THE M11NIC•
IPAL AUDITORIUM BY INCREASING FY'85 APPROPRIATIONS
IN A LIKE AMOUNT, FOR THE PURPOSE OF APPROPRIAT
WG $238,400 OF ADDITIONAL REVENUE, FOR THE CON.:,
FERENCE CENTER AND FUNDING DEFICITS ACCUMU-
LATED IN PRIOR YEARS FOR THE,MUNICIPAL AUDITO--
RIUM TO BE FUNDED FROM A CONTRIBUTION FROM
THE GENERAL FUND BY INCREASING.THE SPECIAL REV-'
ENUE FUND, RESCUE. SERVICES, IN THE. AMOUNT OF
$50,072 FROM FUND BALANCE, BY INCREASING'THE FY'85
APPROPRIATIONS FOR: RESCUE SERVICES IN A; LIKE
AMOUNT. FOR :THE PURPOSE OF PURCHASING:TWO (2)
BASIC LIFE SUPPORT VANS; BY INCREASING TRUST AND,.
AGENCYREVENUE PENSION, IN THE AMOUNT OF
$1,120,000, BY. INCREASING THE APPROPRIATION FOR
PENSION -IN A-LIKE,AMOUNT FOR THE PURPOSE OF
MEETING THE ACTURIAL REQUIREMENTS FOR THE SET-
TLEMENT OF THE PENSION LITIGATIONS -AND TO,ADE-
QUATELY PROVIDE FOR THE PAYMENT TO POLICE AND ,
FIRE SUPPLEMENTAL PENSION FUNDS, ALSO AUTHOR
IZING THE FINANCE DIRECTOR TO APPROVE AND RECORD "
IN THE POOLED CASH AND INVESTMENTS GROUP OF
ACCOUNTS THE CITY'S PAYMENT OF BANK'AND INVEST
MENT MANAGEMENT CHARGES IN THE' AMOUNT -OF,
$82,000 EY
RETAIN AND. RECORD AS COMMUNITY'DE6".
OPMENT PROGRAW REVENUE THE INTEREST EARNED,
ON H.U.D.FUNDS 1N THE AMOUNT OF`$224,650•:ANO
ESTABLISH A RESERVE.. FOR POSSIBLE. -;LOSSES ON
INVESTMENTS IN THE AMOUNT OF,$300,000; CONTAINING
A REPEALER PROVISION• AND A SEVERABILITY CLAUSE.
ORDINANCE NO. i0044
AN.ORDINANCEREGULATING: THE'PLACEMENT, OF
NEWSRACKS IN PUBLIC RIGHTS-ORWAY IN'THE CITY OF
MIAMI AND IMPOSING SAFETY AND, AESTHETIC RESTRIG
TIONS RELATED THERETO; PROVIDING A`t$TATEMENT
OF PURPOSE;,PROVIDINGTHATSAIDORDINANCE'SHALL
BECOME. EFFECTIVE UPON ADOPTION WITH;THE PRO= �
VISIONS THEREOF 13EINGsOPERATIVE.UPON ALL`SUCH
EXISTING AND FUTURE NEWSRACKS; ESTABLISHING PER
MITIONS; ESTABLISHING STANDARDS.EOR OPERATION,
PLACEMENT AND INSTALLATION OF NEWSRACKS; PRO
VIDING FOR REMOVAL OF NEWSRACKS; FSTABOOING r
PROCEDURES FOR HEARINGS ONV(OLATIONS, REL?L11R
ING A PERMIT AND; PAYMENT OF A PERMIT FEE; REOWR '
ING INSURANCE AND.INDEMNIFICATION; PROVIDING FOR
SEVERABILITY; INC{.USION IN THE CODE OF THF, CITY
OF MIAMI, FLORIDA; AND, UPON'`ADOPTION OF -THIS
ORDINANCE,INSTRUPTIN15 THE CITY MANAGER TI9 ;TEND
A COPY OF THIS ORDINANCE, TO THE POMPUTOR OF . i
EACH NEWSPAPER, MAGAZINE OR OTHER NEWa Pt;RI
ODICAL PLACED IN NEWSRACKS WITHIN THE CITY:;
ORDINANCE NO,1094t
AN EMERGEMCY:ORDINANCE AMENDING THE 0 0E OF
THE CITY OF MIAMI, AS AMENDED; SY AMEMOING ARTI=
Gi E II ,ENTITLED ".SIDEWALK AND STRUT 1(POORS,"
OF CHAPTER S8 t3F $Ali} OODE:OY FRQuIC]hIS1:A-I�EF�tF
NITION OF''WRITTEN MATTED" PROV)PII4QUEMPTIDNS
FROM SPEWF1Et? &SGTIS�NS CF.SAilI ARTICLE F IT 11 M
DOWHQ :Et4latFUta1VELY VEN�t..YYRtTTEN AAT.T'E4T., ."'
X X X . Court,
Inthe ........................................
was published In said newepsper In the Issues of
Oct,2, 1985
Affiant further says that the said Miami Review and Daily
Retord Is, a news
paper published at Miami in said Dade County,
Florida, and that the said newspaper has heretofore been
continuously published in said Dade County, Fiorida, each day
(ekcapt Saturday, Sunday and Legal Holidays) and has been
entered as second ties% mall matter at the post office in
Miami In said Dade County, Florida, for a period 01 one year
next preceding the first publication of the attached copy of
ad"rtleemeht; and sfflant further osrays�thatatshe hidl�u^4
er
paid nor_ promised any perwn,
rebate cortrmisalon or refund for the purpou of securing this
odvertlaament for publication In the said hewspd�psr.
' Xtt 1111 f
Swbm tttoo and subscgliW lore ms this
85
2nd cf e . %' �.,. _ t9.......
01
A.
of Pu 11 , State pride at Large
My Commission expfrtif, 46hefti4>i9
MR 139
e1140IUN, IN 1HE AMOUNT OF
f$1,'120,000, BY INCREASING THE APPROPRIATION FOR
i PENSION IN A LIKE AMOUNT FOR THE PUAPf55E OF
MEETING THE ACTURIAL REQUIREMENTS FOR THE SET-
T TLEMENT OF THE PENSION LITIGATIONS AND TO ADE-
QUATELY PROVIDE FOR THE PAYMENT TO POLICE AND
FIRE SUPPLEMENTAL PENSION FUNDS, ALSO AUTHOR-
)ZING THE FINANCE DIRECTOR TO APPROVE AND RECORD
IN THE POOLED CASH AND INVESTMENTS GROUP OF
ACCOUNTS THE CITY'S PAYMENT OF BANK AND INVEST,
MENT MANAGEMENT CHARGES IN THE AMOUNT OF.
$62,000, RETAIN AND RECORD AS COMMUNITY DEVEG
OPMENT PROGRAM REVENUE THE iNTEREST. _�AANEb.
ON H.U.D. FUNDS IN .THE AMOUNT OF`02d,S5b` AND`
ESTABLISH A RESERVE FOR POSSIBLE. LOSSES ON
INVESTMENTS iN THE AMOUNT OF $300,000; CON'TAIN{NG
A REPEALER PROVISION AND A SF-VEAABiLITY CLAUSE.
ORDINANCE N6.10044
AN ..ORbINANCE REGULATING THE PLACEMENT 01:
NEWSRACKS IN PU13LIC-RIGHTS-6I+-WA1,,IN THE CITY O ' .-
MIAMI AND IMPOSING SAFETY AND AESTHETIC RESTR,IG` �->
TIONS' RELATED THERETO; PRO [DIN
OF. PURPOSE; PROVIDING THA ,SAID: ORDINANCE SHALL
BECOME: EFFECTIVE'UPON. ADOPTION WITH;`THE "PROS, `-w:;
VISIONS THEREOF BEING OPERATIVE UPON"ALL"SUCH" `,'
EXISTING AND FUTUREIJEWSRACKS ESTABUSHiNta`bEF,''
iNITIONS;.ESTABLISHINOSTAIN DARDS.FOR ,OPERATION
;,
PLACEMENTAND'INSTALLATION,OF NEWSRACKS;,`PRO=
ViDiNG FOR REMOVAL'OF NEWSRACKS;'ESTABLISHINGroTt" '
PROCEDURES FOR HEARINGS" ON.VIOLATiONS;�AEOUIR?'kv4,ki
.,.ING,A PERMIT AND PAYMENT OF A PERMIT FEE', REOUIR=
ING NSURANCE'AND INDEMNIFICATION; PROVIDING=FOR<`
SEVERABILITY,,-INCLUSION : IN THE, CODE, OF hTHECITY —
OF::,MIAMI;.°FLORIDA `AND".UPONtADOPTION OF. THIS
ORDINANCE, INSTRUCTING ..T_HE CITY;MANAGER TO SEND-
A COPY::OF,THIS ORDINANCE:TOTHE DISTRIBUTOR OF','T
` EACN NEWSPAPE"R; MAGAZINE:OR,,bT�iER?NEVIIS'''PERI='m�
ODICAL'' PLACED;IN NEWSRACKS,WITHEC,ITY*>
r ORDINANCE NO 100A5zr' E,
AN EMERGENCY;ORDINANCEAMENDING.T IECODEOF"` T:"�.
THE CITY'OF.MIAMI;'.,-A$ AMENDED,'BY�AMENDIOG'ARTI•"s'`''s;,
CLE II ENTITLED`.',.:SIDEWALK ANp;STR..ETaVEN,90�IS,"
OF CHAPTER S8 OF'SAID:CODE�Y;zP, O�VIb NC,j QEj n
N{TION OF.'WRiTTEN MATTER", P.ROVINGi,EE(u1P`��ONS
`t
FROM, SP.,ECiFIED;SECTIONS;OF SAIO;ARTIGLE,I OR VE'N� ='z
DORS V1►HO` EXC.EUSIVELY;VENDSWRITTENJMIITf,ER,'' ;a'`.
W
PROHIBITING,VENDING ,FROM"ON-STREET ;PARk, H;G'`�y
SPACES OR LOADING',ZONES;,,PROVIDING,TIi/END
FROM MOTOR;VEHICL'ES :MUST, BE`:,:OFF,TFiE,FiOAD" A `:
WHEN THERE iS NO-CURB,`AND "RESTRICTED
PANTS.OF -ABUTT,IN,G PROPERTY ONLY, CONTAINING�A
REPEALER::PROVISION AND A`,SEVEf�AB)LiTeY'CI:AUSE;".,:; ;
AND DISPENSING-,WITH-,THE'REQUIREMEAiTaOF,
„i ING THE SAME ON TWO SEPARATE DAYS BY A VOT'J OF
NOT LESS THAN FOUR FIFTHS OF THE MEMBERS OF,'.
THECOMMISSION,
(p 1 A65)
i. MATTY HIF�1.
CITY CLERK; `:;. } ....
CITY OFMiAMI, FLORIDA''.:..
t012 6;1-1 0.0240M .