HomeMy WebLinkAboutR-84-1445J-84-1206
1 2/4/8 5
rr/101/D8
RESOLUTION NO. 84-1 4S
A RESOLUTION APPROVING AND AUTHORIZING
THE STATE TO TRANSFER STATE REVENUE
SHARING FUNDS; AUTHORIZING THE FLORIDA
DEPARTMENT OF REVENUE IN ACCORDANCE WITH
RULE 12 - 10.09, FLORIDA ADMINISTRATIVE
CODE, TO DESIGNATE A BANK TO RECEIVE THE
REVENUE SHARING STATE WARRANT ON BEHALF
OF THE CITY OF MIAMI; AUTHORIZING THE
BANK SO DESIGNATED TO ELECTRONICALLY
TRANSFER STATE REVENUE SHARING FUNDS TO
A BANK DESIGNATED BY THE CITY OF MIAMI TO
RECEIVE SUCH FUNDS; AND FURTHER TO
AUTHORIZE THE BANK DESIGNATED BY THE
FLORIDA DEPARTMENT OF REVENUE TO DEDUCT
THE COST OF THE TRANSFER FROM THE AMOUNT
RECEIVED FROM TRANSFER.
WHEREAS, the Florida Department of Revenue has adopted
Chapter 12 - 10.09, Wire Deposit of Revenue Sharing Funds in
the Rules of Department of Revenue, State of Florida; and
WHEREAS, it is in the best interest of the City of Miami
to receive the Revenue Sharing Funds by electronic transfer;
NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE
CITY OF MIAMI, FLORIDA:
Section 1. In accordance with S.S. 17.075, FLorida
Statutes and Rule 12 - 10.09, Florida Administrative Code,
the Florida Department of Revenue is hereby authorized to
designate a bank to receive the Revenue Sharing State Warrant
on behalf of the City of Miami, and t)e bank so designated is
hereby authorized to electronically transfer said Revenue
Sharing Funds to a bank designated by the City of Miami to
receive such funds.
Section 2. The bank designated by the Florida
Department of Revenue is hereby authorized to deduct the cost
of the electronic transfer from the amount received for
transfer.
Section 3. This resolution shall take effect
immediately upon its adoption.
CITY Ct.* ...
ME""4 .. .. .
DEC 19 �
RESOLUTION No. s4--144
REMARKS.
xN�
PASSED AND ADOPTED this 13t day or DECEMBER , 1984.
MAURICE A. FERR[
M A Y O R
!:
OV
� � O
ALPH G. ONGIE, CITY CLE
PREPARED AND APPROVED BY:
�.
ROBERT F. CLARK
CHIEF DEPUTY CITY ATTORNEY
APPROV A CORM AND CORRECTNESS:
CITY ATTORNEY
84-144:
�� CITY OF MIA MI, FLORIDA
INTER -OFFICE MEMORANDUM
To Howard V. Gar Y DATE: November 28, 1984 FILE:
City Manager
SUBJECT. Agenda Item
J
i+ FROM Carlos E. Garcia REFERENCES -
Director of Finance
ENCLOSURES:
It is recommended that the attached
resolution authorizing the State of
Florida to designate a bank to receive
funds for the City of Miami and to wire
such funds to the local bank designated
by the City of Miami.
Florida Statutes requires the filing of a resolution adopted by
the governing body of the City of Miami, with the Department of
Banking and Finance, which authorizes the State of Florida to
designate a bank in Tallahassee that will wire transfer funds for
the City to a local bank designated by the City to receive such
funds.
A large number of municipalities in the State are taking advantage
of this method of payment as this process will accelerate the
receipt of funds from the State, and consequently will increase
interest earned by the City on its available cash.
cc: Law Department
84-1445