HomeMy WebLinkAboutR-84-1447J-84- 1205
12/4/85
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RESOLUTIQN N0. "'1447
A RESOLUTION APPROVING AND AUTHORIZING
THE STATE TO TRANSFER LOCAL GOVERNMENT
HALF -CENT SALES TAX FUNDS; AUTHORIZING
THE FLORIDA DEPARTMENT OF REVENUE IN
if
ACCORDANCE WITH RULE 12 - 10.09, FLORIDA
ADMINISTRATIVE CODE, TO DESIGNATE A BANK
TO RECEIVE THE LOCAL GOVERNMENT HALF -CENT
SALES TAX WARRANT ON BEHALF OF THE CITY
OF MIAMI; AUTHORIZING THE BANK SO
DESIGNATED TO ELECTRONICALLY TRANSFER
LOCAL GOVERNMENT HALF -CENT SALES TAX
FUNDS TO A BANK DESIGNATED BY THE CITY OF
ra5_.
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
Half -Cent Sales 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 Half -Cent Sales Tax Funds by
wire transfer;
.L
NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE
CITY OF MIAMI, FLORIDA:
V
;- 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 Half -Cent
Sales Tax Warrant
on behalf
of the City of
Miami, and the
bank so designated
is hereby
authorized to
electronically
transfer said Local
Government
Half -Cent Sales
Tax 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 wire transfer from the amount received for transfer.
e
CITY COVIVIISSION
MEETING OF
DEC 1SW
ON Ne Mwml
I�-
i
Section 3. This resolution shall take effect
immediately upon its adoption.
PASSED AND ADOPTED this 13th day of
Al EST:
ALPH ONGIE, CITY CLER
PREPARED AND APPROVED BY:
ROBERT F. CLARK
CHIEF DEPUTY CITY ATTORNEY
APPROVEVAS/19" FORM' AND CORRECTNESS:
L U%, A r% Pl. VUuu
CITY ATTORNEY
DECEMBER , 1984.
MAURICE A. FERRE
M A Y O R
84-1449
99 CITY OF MIAMI, FLORIDA
INTER -OFFICE MEMORANDUM
TO Howard V. Gary
City Manager
DATE: November 28, 1984
SUBJECT.
Agenda Item
FILE:
FROM. Carlos E. Garcia REFERENCES: , —•
Director of Finance
ENCLOSURES: ry
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
4 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
84-144'7