HomeMy WebLinkAboutR-84-1446J-84- 1207
12/4/85
rr/102/D8
RESOLUTION NO.84"1446
A RESOLUTION APPROVING AND AUTHORIZING
THE STATE TO TRANSFER LOCAL OPTION GAS
TAX FUNDS; AUTHORIZING THE FLORIDA
DEPARTMENT OF REVENUE IN ACCORDANCE WITH
RULE 12 - 10.09, FLORIDA ADMINISTRATIVE
CODE, TO DESIGNATE A BANK TO RECEIVE THE
LOCAL GOVERNMENT'S LOCAL OPTION GAS TAX
FUND WARRANT ON BEHALF OF THE CITY OF
MIAMI; AUTHORIZING THE BANK SO DESIGNATED
TO ELECTRONICALLY TRANSFER LOCAL
GOVERNMENT'S LOCAL OPTION GAS TAX 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 Local Government's Local
Option Gas Tax 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 Local Government's local Option Gas Tax Funds
by wire 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 Local Government's Local
Option Gas Tax Fund Warrant on behalf of the City of Miami,
and the bank so designated is hereby authorized to
electronically transfer said Revenue Sharing Funds to a bark
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.
CITY COMMISSION
MEETING OF
DEC 19 1�14
a-
Section 3. This resolution shall take effect
immediately upon its adoption.
PASSED AND ADOPTED this 13th day of DECEMBER , 1984.
MAURICE A. FERRE
M A Y O R
T:
i
ALPH G. ONGIE, CITY CLEW
PREPARED AND APPROVED BY:
44� I -
ROBERT F. CLARK
CHIEF DEPUTY CITY ATTORNEY
APPROV, ID AS,,n FDRIr-AAD CORRECTNESS:
1v- -. vvvu
CITY ATTORNEY
84-14406
A
CITY OF MIAMI, FLORIDA
98 INTEROFFICE MEMORANDUM
TO, Howard V. Gary DATE: November 28, 1984 FILE:
City Manager
SUBJECT: Agenda Item
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
i 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
94 -14 4 6