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Home My WebLink AboutO-09406ORDINANCE NO, 9 4 0 AN ORDINANCE AMENDING 5ECTION 1 OF ORDINANCE NO. 9296, WHICH AUTHORIZES THE ISSUANCE OF $21,000,000 PRINCIPAL AMOUNT OF FIRE FIGHTINO, FIRE PREVENTION AND RESCUE FACILITIES 1009 OF THE CITY OF MIAMI, FLORIbA, TO REVISE THE MATURITIES OF SUCH BONDS TO CONFORM TO THE VOTERS' APPROVAL OF SUCH BONDS IN THE NOVEMBER 3, 1981 BOND ELECTION AUTHORIZED BY ORDINANCE NO, 9295. BE IT ORDAINED by the Commission of The City of Miami, Florida: Section 1. Section 1 of Ordinance No, 9256 entitled: "AN ORDINANCE AUTHORIZING THE ISSUANCE, SUB- JECT TO THE ELECTION HEREIN PROVIDED FOR, OF $21,000,000 BONDS OF THE CITY OF MIAMI, FOR THE PURPOSE OF PAYING THE COST OF FIRE FIGHT- ING, FIRE PREVENTION AND RESCUE FACILITIES, INCLUDING THE CONSTRUCTION AND RECONSTRUCTION AND IMPROVING OF FIRE STATIONS FOR THE CITY OF MIAMI, ADMINISTRATION BUILDING, OTHER STRUC- TURES, EQUIPMENT, VEHICLES AND COMMUNICATION SYSTEMS RELATED TO THE TRAINING, ADMINISTRATION AND OPERATIONS OF THE FIRE DEPARTMENT IN THE CITY OF MIAMI AND THE ACQUISITION OF ANY NECESSARY LAND AND EQUIPMENT RELATED THERETO; DECLARING THIS ORDINANCE TO BE AN EMERGENCY MEASURE, AND PRO- VIDING THAT THIS ORDINANCE SHALL GO INTO EFFECT IMMEDIATELY UPON ITS PASSAGE, AND DISPENSING WITH THE READING OF THIS ORDINANCE ON TWO SEPARATE DAYS BY A VOTE OF NOT LESS THAN FOUR -FIFTHS OF THE COMMISSION." adopted by said Commission on the 23rd day of July, 1981 is hereby amended, in conformity with the bond proposition as approved by the voters in the bond election held November 3, 1981, authorized pursuant to Ordinance No. 9295, adopted by said Commission on the 23rd day of July, 1981, by revis- ing Section 1 of such Ordinance No. 9296 by striking (i) the table of maturities of the bonds in the first paragraph of said Section 1 and (ii) the words and punctuation in such paragraph reading "in the years and in the principal amounts, respectively, as follows;" and substituting therefor the words "to mature in annual installments three (3) to twenty (20) years, inclusive, after the date of the respective bond9o" Section 2. With the ekCoptibn of the revision author- ized in +-Llig ordinance, Ordinance No. 9296 it hereby rati- fied and approved and Shall otherwise remain in fOtC6 at initially adopted. Section 1. Pursuant to Section 58 of the Charter of the city of Miami this ordinance shall go into effect irnmedl," atoly upon its passage and shall not be subject to the right of referendum. Section 4. The requirement of reading this ordinance on two separate days is hereby dispensed with by an affirma- tive vote of not less than four -fifths of the members of the Commission. Section 5. This ordinance shall be in full force and effect immediately upon its passage. PASSED AND ADOPTED this 1st day Of April 1982. Maurice A. Ferre MAURICE A. FERRE M A Y 0 R AT r ONG19- CITY CLERK PREPARED AND APPROVED BY: ASSISTANT CITY ATTkR_NEY APPROVX-- AS TO FORM AND ,CORRECTNESS : (�FORGE F. KNOX, JR., CITY ATTORNEY 2. 9400 0 0 DAH C61JINTY, FLOPI16A L16AL Nbtitt All intet fed will take notice that on the 1§t day of April,1082, the City C6MthI§I;Ioh of MIAMI, Florida adopted the f6116WIhO titled ordinances: ORDINANCE NO.9401 AN EMERGENCY ORDINANCE AMENDING SECTION I OF ORDINANCE NO.9353, ADOPTED NOVEMBER 19,1981, THE CITY'S CAPITAL IMPROVEMENT APPROPRIATIONS ORDI- NANCE FOR FISCAL YEAR i9t11.132; AS AMENDED; BY INCREASING APPROPRIATIONS FOR THE CITY OF MIAMI/UNIVERSITY OF MIAMWAMES L. KNIGHT INTERNA- TIONAL CENTER AND PARKING GARAGE (ITEM X.BJ.)'IN AN AMOUNT OF $2,600,000 FROM CONVENTION CENTER REVENUE BONDS ACCRUED INTEREST EARNINGS FOR ADDITIONAL WORK AND IMPROVEMENTS"TO THE CON• MIAMI REVIEW VENT16N CENTER;, CONTAINING A REPEALER PROVISION _ AND SEVERABILITY CLAUSE. AND DAILY RECORD ORDINANCE NO.9402 Published Dally except Saturday, Sunday and AN ORDINANCE AMENDING SECTIONS 2 AND 5 OF ORDI, Legal Holidays NANCE NO. 9321, ADOPTED SEPTEMBER 24, 1981, THE , Miami, Dade County, Florida. ANNUAL APPROPRIATIONS ORDINANCE FOR THE FISCAL YEAR ENDING SEPTEMBER 30, 1982, AS AMENDED, BY STATE OF FLORIDA APPROPRIATING INTO THE INTERNAL REVENUE SERVICE COUNTY OF DADE., FUNDS, BUILDING AND VEHICLE MAINTENANCE DEPART - Before the undersigned authority personally appeared MENT, HEAVY EQUIPMENT MAINTENANCE DIVISION, FROM Dianna Stuver, who on oath says that she is the Assistant to THE HEAVY EQUIPMENT MAINTENANCE DIVISION, RETAINED, the Publisher of the Miami Review and Dally Record, a daily EARNINGS, AN AMOUNT OF $100,000; TO ENABLE AN (except Saturday, Sunday and Legal Holidays) newspaper, INTERFUND TRANSFER OF SAID AMOUNT TO THE COM, published at Miami to Dade County, Florida; that the attached MUNICATIONS MAINTENANCE DIVISION FOR THE PURPOSE copy of advertisement, being a Legal Advertisement of Notice OF PROVIDING FUNDS FOR INCREASED DEMAND OF COM- in the matter of MUNICATION PARTS AND OUTSIDE MAINTENANCE SERV- ICES: CONTAINING A REPEALER PROVISION AND A SEV- City of Miami ERABILITY CLAUSE; AND DISPENSING WITH THE REQUIRE- MENT OF READING SAME ON TWO SEPARATE DAYS BY A VOTE OF NOT LESS THAN FOUR -FIFTHS OF THE MEM- BERS`OF THE COMMISSION. ORDINANCE No. 9403 X X X In the ......................................... Court, AN ORDINANCE ESTABLISHING A NEW TRUST AND AGENCY was published in said newspaper In the Issues of FUND ENTITLED: CONSORTIUM LIAISON 1981.82; PROVID- Apr 9, 1982 ING FOR REVENUES THEREIN TO BE RECEIVED FROM ............................................. THE SOUTH FLORIDA EMPLOYMENT AND TRAINING CON. SORTIUM TO PROVIDE FOR THE COSTS APPERTAINING . , • , . , • , . , ......... TO A LIAISON OFFICER TO THE CONSORTIUM APPOINTED BY THE CITY MANAGER; CONTAINING A REPEALER PRO Afflant further says that the said Miami Review and Deily VISION AND A SEVERABILITY CLAUSE; AND DISPENSING Record Is a newspaper published at Miami in said Dade County, WITH THE REQUIREMENT OF READING THE SAME ON, Florida, and that the said newspaper has heretofore been TWO SEPARATE DAYS BY A VOTE; OF NOT LESS THAN continuously published in said Dade County, Florida, each day FOUR -FIFTHS OF THE MEMBERS OF THE COMMISSION. (except Saturday, Sunday and Legal Holidayysf► and has been entered as second class mall matter at the post office In - Mleml in said Dade County, Florida, for a period of one year ORDINANCE NO. 9404 next preceding the first publication of the attached copy of advertisement: and afllant further says that she has neither paid nor promised any person, fine or corporation any discount. AN ORDINANCE AMENDING SECTIONS 1 AND 5 OF ORDI- rebate, commission or refund for the purpose of securing this NANCE NO. 9321, ADOPTED SEPTEMBER 24, 1981, .THE _ advertisement for publication in the said newspaper. ANNUAL APPROPRIATIONS ORDINANCE FOR THE FISCAL ti: lrst ,t,� YEAR ENDING SEPTEMBER 30, 1982, AS AMENDED BY INCREASING THE APPROPRIATIONS FOR THE GENERAL FUND PARKS DEPARTMENT IN THE AMOUNT OF $23980 , • * AND BY INCREASING THE REVENUE FOR THE GENERAL -_ Swom to and subscribed before me this FUND IN ALIKE -AMOUNT FROM FISCAL YEAR 1981 FUND ( =_ BALANCE, FOR THE PURPOSE OF FUNDING THREE 9th,. day of m. ,y4pr A D 982.... GROUNDS TENDERS TO RE-ESTABLISH A FIRE STATION " MAINTENANCE ; CONTAINING A REPEALER PROVI- M ENA E CREW I SION AND A SEVERABILITY CLAUSE: AND DISPENSING, (lefty J Brooks WITH THE REQUIREMENT OF READING SAME ON TWO rMptary Publics, Stets 61 Fforids at Large SEPARATE DAYS BY A VOTE OF NOT LESS THAN FOUR - (SEAL) FIFTHS OF THE MEMBERS OF THE COMMISSION. My Commission expipn��1, 1983 ORDINANCE NO.9405 AN ORDINANCE ESTABLISHING A SPECIAL REVENUE FUND ENTITLED: "MIAMI CABLE ACCESS CORPORATION" AND APPROPRIATING FUNDS FOR THE OPERATION OF SAME IN THE AMOUNT OF $5%000; CONTAINING A REPEALER PROVISION AND A $EVERABILITY CLAUSE; AND DISPENS- ING WITH THE REQUIREMENT OF READING SAME ON TWOSEPARATE DAYS BY A VOTE OF NOT LI=SS THAN FOUR, -� FIFTHS OF THE MEMBERS OF THE COMMISSION. ORDINANCE NO, 9408 AN ORDINANCE AMENDING SECTION 1 OF ORDINANOE NO.9296, WHICH AUTHORIZES THE ISSUANCE OF $�1;1)QO,QOQ PRINCIPAL. AMOUNT OF FIRE FIGHTING, FIRE PR€VQ_D TION AND RESCUE FACILITIES BONDS OF THE CITY` -OF MIAMI, FLORIDA, TO REVISE THE MATURITIES OF SUCH. BONDS TO CONFORM TO THE VOTERS' APPROVAL OF SUCH BONDS IN THE NOVEMBER 3,1901 BOND EL SCTION AUTHORIZED BY ORDINANCE NO. 9Z95, > of _ MR lie '9s RALPH G. ONC,IE p '"`""R rR"' CITY CLERK 'CITY OF MIAMI, FLOPtpA; P�IL►Ilf:i�llRra pl f h1� �!!F pn 1r� JI C _f April 1 4/9 Howard V. Gary March 171 1982 - I City Manager . ;") Agenda Item Carlos E. Garcia Director of Finance ft .5 It is recommended that the attached Resolution and Ordinance be passed by the City Commission, amending Section 3 or Resolution No. 81=1020, and amending Section 1, or Ordinance No. 9296. Said Resolution and Ordinance authorizes the issuance of $21,000,000 principal amount of fire fighting, fire prevention and rescue facilities bonds of the City of Miami, Florida The City Commission adopted Resolution No. 81-1020 on December 10, 1981, and Ordinance No. 9296, on July 23, 1981, authorizing the issuance of $$21,000,000 principal amount of fire fighting, fire prevention and rescue facilities bonds of the City of Miami, Florida. It is recommended that Section 3, of the Reso- lution, and Section 1, of the Ordinance, be amended by eliminating at this time, a fixed maturity schedule. At the time when bonds will be sold, the City Commission will then approve a maturity schedule within the terms approved by the voters in the election of MW November 3, 1981. At that time, the City Manager will recommend a maturity _ schedule tailored to the specific conditions existing in the bond market at the time. For instance, at times such as the present when interest rates are very high, it would be more advantageous to the City to have a bond maturity schedule —� with larger maturities for the bonds to be redeemed in the earlier years. Such a proposal will reduce total interest rates by shortening the average life of the bonds, and would make the bonds more attractive to investors. 9406