HomeMy WebLinkAboutItem #45 - First Reading Ordinance1W
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Re�ti--rsed
' 1/12/84
ORDINANCE NO.
AN ORDINANCE AUTHORIZING THE ISSUANCE
SUBJECT TO THE ELECTION HEREIN PROVIDED
FOR $109000,000 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 OF
REPLACEMENT HOUSING FOR RESIDENTIAL
DISPLACEES; AND PROVIDING FOR THE LEVY
AND COLLECTION OF AD VALOREM TAXES TO
PAY SUCH BONDS.
RE 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 REDEVELOPMENT OF THE SOUTHEAST
OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AREA in the City of
Miami, Florida, hereinafter referred\to as "CITY", including
activities properly appurtenant tiPereto, the acquisition of land
for the construction of low and moderate income housing, ancil-
lary commercial, and public facilities, the demolition of
blighted structures, the -'relocation of residents and businesses
displaced by public acquisition, the construction of site and
infrastructure improvements, the provision of financial assis-
tanccK for the construction of low and moderate income housing,
the prep ervation of structures of historic and architectural
significance and the construction of replacement housing for
residential displacees from the project area within the Overtown
CITY COMMISSION
MEETING OF
JAN 1 9 '
1sl REAVIN1
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