HomeMy WebLinkAboutItem #34 - First Reading Ordinance10
ORDINANCE NO.
AN ORDINANCE AUTHORIZING THE ISSUANCE,
SUBJECT TO THE ELECTION HEREIN PROVIDED
FOR, OF $25,000,000 PARK AND RECREATIONAL
FACILITIES BONDS OF THE CITY OF MIAMI,
FLORIDA, FOR 1HE PURPOSE OF PAYING THE
COST OF ACQUIRING, CONSTRUCTING,
DEVELOPING, EXTENDING, ENLARGING AND
IMPROVING PUBLIC PARK AND RECREATIONAL
FACILITIES IN THE CITY OF MIAMI,
INCLUDING FACILITIES PROPERLY APPURTENANT
THERETO, THE ACQUISITION AND THE
IMPROVEMENT AND FILLING, OF LAND FOR SUCH
PURPOSES AND THE ACQUISITION OF EQUIPMENT
THEREFOR; PROVIDING FOR THE LEVY AND
COLLECTION OF AD VALOREM TAXES TO PAY
SUCH BONDS.
BE IT ORDAINED BY THE COMMISSION OF THE CITY OF MIAMI,
FLORIDA:
Section 1. For the purpose of paying, with any other
available funds, the cost of acquiring, constructing,
developing, extending, enlarging and improvi`Vg public PARK
AND RECREATIONAL FACILITIES in the Cityof Miami, Florida
(the "City"), including facilities properly appurtenant
.t
thereto, the acquisition of land for the construction,
e
development, extension, enlargrnent or improvement of such
facilities, the improvyiertrent and filling of land for such
purposes, and the acquisition of equipment therefor, there
shall be issued.,•under the authority of the Constitution and
laws of the State of Florida, including particularly the
Charter of the City and the Municipal Home Rule Powers Act
(Chapter 166, of the Florida Statutes, as amended), and
sub"ject•tojhe election hereinafter provided for, bonds of
t e Cft.y din an aggregate principal amount not exceeding
Twenty Five Million Dollars ($25,000,000), such bonds to be
issued at one time or from time to time and to mature, in the
years and principal amounts respectively as follows:
A
CITY COMMISSION `
MEETING OF
JAN19 M
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