HomeMy WebLinkAboutItem #87 - First Reading OrdinanceY..
Amofidmint Not to
Ordlnanto No. 9919
ORDINANCE NO.
AN ORDINANCE AMENDING ORDINANCE NO. 9939,
ADOPTED DECEMBER 20, 1984, AS AMENDED, THE
CAPITAL IMPROVEMENT APPROPRIATIONS
ORDINANCE, BY DECREASING THE SOUTHEAST
OVERTOWN/PARK WEST REDEVELOPMENT -PHASE I
PROJECT APPROPRIATIONS IN THE NET AMOUNT
OF $1,035,000; THROUGH THE DELETION OF
COMMUNITY DEVELOPMENT BLOCK GRANT FUNDING
FOR ADMINISTRATION COST IN THE AMOUNT OF
$2,135,000; AND THROUGH THE APPROPRIATION
OF $1,100.000 OF INTEREST EARNINGS FROM
HOUSING GENERAL OBLIGATION BONDS TO
PROPERLY ACCOUNT FOR ALL FUNDING RESOURCES
IN ORDER TO CONFORM WITH GENERAL
ACCOUNTING PRINCIPLES; CONTAINING A
REPEALER PROVISION AND A SEVERABILITY
CLAUSE;
WHEREAS, the City Commission adopted Ordinanc
on December 20, 1984, establ i shi ikgO AAA
appropriations for implement do of Ca 1 pr
the City of Miami; and
No. 9939
and
ments in
WHEREAS, this proj ct 'n`v v redevelopment of the
Southeast Overtown/Park esk`Ar bounded by I-395, N.W. 5th
Street, I-95 an j/scayne Boulevard;---a-nd
WHEREAS, development is scheduled for FY'85 of the
t
nine (9) block adj tent to the Overtown Transit Station;
and
WH R all administration costs for Southeast
I
er ow / rk West was budgeted under its Special Revenue
nd nd
WHEREAS, the Special Revenue Fund encompass funding
sources from the General Fund, Community Development Block
ant, and local match to the Urban Mass Transit
Administration Grant; and