HomeMy WebLinkAboutItem #52 - First Reading Ordinance6 a
ORDINANCE NO.
AN ORDINANCE
Amendment No. 26 to Ordinance No. 9534
AMENDING ORDINANCE NO. 9534, ADOPTED DECEMBER 9,
1982, THE EXISTING CAPITAL IMPROVEMENTS APPROPRIATIONS
ORDINANCE; AS AMENDED; BY DECREASING APPROPRIATIONS
FOR THE MIAMI CONVENTION CENTER AND PARKING GARAGE IN
THE MIAMI CONVENTION CENTER ENTERPRISE FUND FROM THE
AMOUNT OF $76,679,100 TO THE AMOUNT OF $74,562,900 TO
CORRECTLY REFLECT THE REMOVAL OF THE AMOUNT OF
$3,998,200 FOR OPERATING EXPENDITURES ESTIMATED TO BE
INCURRED DURING FY 1984 THAT IS APPROPRIATED TO SAID
PROJECT IN THE CURRENT GENERAL OPERATING BUDGET AND TO
FURTHER APPROPRIATE ADDITIONAL REVENUES RECEIVED AND
DEPOSITED IN THE CONSTRUCTION ACCOUNT TO DATE IN THE
AMOUNTS OF $1,049,000 FROM CONVENTION CENTER REVENUE
BONDS INTEREST, $88,000 FROM A CREDIT FROM THE
DOWNTOWN COMPONENT OF METRORAIL, AND $745,000 FROM
HOTEL DEVELOPER REIMBURSEMENTS FOR A TOTAL AMOUNT OF
$1,882,000; CONTAINING A REPEALER PROVISION AND A
SEVERABILITY CLAUSE.
WHEREAS, the City Commission adopted Ordinance No. 9534 on December 9,
1982 establishing resources and appropriations for the implement tion of
capital improvements in the City of Miami; and � ;-
WHEREAS, Ordinance No. 9756 adopted by the City o iislrfor.Oerati
on rember
18, 1983, included an appropriation in the amount of 8,20ng
expenditures estimated to be incurred;�'duri n FY 9 at the City of Miami/
University of Miami James L. Knight I/Int rna i Center and Parking Garage;
and
i
WHEREAS, generally accepted ac ing procedures deem it necessary to
account for operating lexpitures and construction expenditures separately;
and
WHEREAS, this hereby removes the amount of $3,998,200
appropriateJithe M aV Convention Center Enterprise Fund to said Project,
decreasingri ions from $76,679,100 to $72,680,900 for construction
expenditureand
WHER his amount of $3,998,200 is correctly appropriated to the
Miami Convention Center and Parking Garaae fnr ~06"--
estimated to be incurred during FY 1984 CITY COMMISSION
Operating Budget Adopted by the City ( MEETING OF
Ordinance No. 9684; and MAR 8
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