HomeMy WebLinkAboutItem #40 - First Reading OrdinanceORDINANCE NO.
t
AN ORDINANCE AUTHORIZING THE ISSUANCE
SUBJECT TO THE ELECTION HEREIN PROVIDED
FOR $ 0,000,000 SOUTHEAST OVERTOWN/PARK
WEST COMMUNITY REDEVELOPMENT AREA BONDS
OF THE CITY OF MIAMI, FLORIDA, FOR THE
PURPOSE OF PAYING THE COST OF LAND
ACQUISITION, RESIDENTIAL AND BUSINESS
RELOCATION, DEMOLITION, SITE AND INFRA-
STRUCTURE IMPROVEMENTS, FINANCIAL
ASSISTANCE FOR THE CONSTRUCTION OF LOW
AND MODERATE INCOME HOUSING, HISTORIC
PRESERVATION, AND THE CONSTRUCTION OV,
REPLACEMENT HOUSING FOR RESIDENTIAL
DISPLACEES; AND PROVIDING FOR THE LEVY
AND COLLECTION OF AD VALOREM TAXES TO
PAY SUCH BONDS.
BE IT ORDAINED BY THE V
I !
CITY OF MIAMI, FLORIDA:
Section 1. For th pur ose of pa g, with y
available funds, the cost Of $EDE
OVERTOWN/PARK WEST COMMUNITY KCAV
THE SOUT`WST
HE
her
T AREA in the City of
Miami, Florida, hereinafter oferred to as "CITY", including
activities prope y appurte t thereto, the acquisition of land
for the construe on�of low and moderate income housing, ancil-
lary commercial public facilities, the demolition of
blig ted str t s, the relocation of residents and businesses
dis a e public acquisition, the construction of site and
infrast c ure improvements, the provision of financial assis-
tance f the construction of low and moderate income housing,
the preservation of structures of historic and architectural
significance and the construction of replacement housing for
residential displacees from the
CITY COMMISSION
MEETING OF
MAR 2 9
ORDINANCE NO.,,.... .......
1st KEAUING..r.. ..'� ........
2n0 READING.., ..••••
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