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Home My WebLink AboutO-09141OR AMENDMENT NO. 16 TO ORDINANCE NO. 9019 ORDINANCE NO. 9 1 4 1 AN EMERGENCY ORDINANCE AMENDING SECTION 1 OF ORDINANCE NO. 9019, ADOPTED NOVEMRER 81 1979, THE CAPITAL IMPROVEMENT APPRO- PRIATIONS ORDINANCE FOR THE FISCAL YEAR ENDING SEPTEMBER 30, 1980, AS AMENDED; BY TRANSFERRING FUNDS IN THE AMOUNT OF $1,400,000 FROM THE CAPITAL IMPROVEMENT FUND, PROCEEDS OF THE INTERAMA LAND SALE TO ESTABLISH PARAGRAPH XIV. HOUSING GENERAL OBLIGATION BOND FUND IN THE SAME AMOUNT FOR THE PURPOSE OF FUNDING SECTION 8 HOUSING PROJECTS DADE 8-1 (WYNWOOD), DADE 8-3 (COCONUT GROVE), DADE 8-11 (LITTLE HAVANA), and DADE 8-12 (TOWNPARK); CONTAINING A REPEALER PROVISION AND A SEVERABILITY CLAUSE; AND DISPENSING WITH THE REQUIREMENT OF READING THE SAME ON TWO SEPARATE DAYS BY A MOTE OF NOT LESS THAN FOUR -FIFTHS OF THE MEMBERS OF THE COMMISSION. WHEREAS, the City Commission adopted Ordinance No. 9019 on November 8, 1979, establishing resources and appropriations for the implementation of capital improvements in the City of Miami, Florida for the Fiscal Year ending September 30, 1980; and WHEREAS, the City of Miami in 1976 passed a $25,000,000 General Obligation Housing Bond Issue to provide funds in the development of low and moderate income housing to alleviate the crucial need for such housing; and WHEREAS, the City Commission adopted Resolution No. 80-344 on May 8, 1980, thereby authorizing the sale of General Obligation Housing Bonds in the amount of $1,400,000 with the proceeds to be used as a capital contribution for the development of four Section 8 Projects in the City of Miami, designated Dade 8-1 (Wynwood), Dade 8-3 (Coconut Grove), Dade 8-11 (Little Havana), and Dade 8-12 (Townpark); and -1- 2 WHEREAS, it is in the best interest of the City of Miami to move forward with the development of these Section 8 Projects prior to the housing bond sale in the fall of 1980; and WHEREAS, Resolution No. adopted authorized the advance of the aforementioned amount from the Cap- ital Improvement Fund, proceeds of the Interama Land Sale to the Housing General Obligation Bond Fund; and WHEREAS, said amount will be transferred from the Capital Improvement Fund to the Housing General Obligation Bond Fund; and WHEREAS, an amount of $1,400,000 will be available from the Housing General Obligation Bond Fund to provide funding for the aforementioned Section 8 projects; NOW, THEREFORE, BE IT ORDAINED BY THE COMMISSION OF THE CITY OF MIAMI, FLORIDA: Section 1. Section 1 of Ordinance No. 9019, adopted November 8, 1979, as amended, is hereby further amended in the following par - titulars: l/ "Section 1. The following appropriations hereby made by fund and project title include previously authorized projects and fund appropriations for implementation of all municipal capital improvements of the City of Miami, Florida. The sources of revenue to support the herein appropria- tions are hereby identified by fund and project : Appropriation (in thousands of $) 11// Words and/or figures stricken through shall be deleted. Underscored words and/or figures constitute the amendment proposed. The remaining provisions are now in effect and remain unchanged. Asterisks indicate omitted and unchanged material. All figures are rounded to the next hundred dollars. -2- 9141 ena� XIV. Housing General Obligation Bond Fund A. Resources: a loan from the Capital Improvement Fund $11400.00 TOTAL RESOURCES $10,400.00 B. New Projects: 1. Section 8 Housing Projects Dade 8-1 (Wynwood), Dade 8-3 (Coconut Grove), Dade 8-11 (Little Havana),and Dade 8-12 (Townpark) $11400.00 TOTAL APPROPRIATED $1,400.00" Section 2. All ordinances or parts of ordinances insofar as they are inconsistent or in conflict with the provisions of this ordinance are hereby repealed. Section 3. If any section, part of section, paragraph, clause, phrase, or word of this ordinance is declared invalid, the remaining provisions of this ordinance shall not be affected. Section 4. This ordinance is hereby declared to be an emergency measure on the grounds of urgent public need for the preservation of peace, health, safety, and property of the City of Miami, and upon the further ground of the necessity to make the required and necessary payments to its employees and officers, payment of its contracts, payment of interest and principal on its debts, neces- sary and required purchases of goods and supplies, and to generally carry on the functions and duties of its municipal affairs. Section 5. The requirement of reading this ordinance on two separate days is hereby dispensed with by a vote of not less than four -fifths of the members of this Commission. -3- 9141 Id � ,.A PASSED AND ADOPTED this 24th day of July , 1980. ATTEST: (Z� i cf§�/ r:51 . LPH G. ONGIE, CITY CLER PLANNING REVIEW: J M REID, DIRECTOR PLANNING DEPARTMENT BUDGETARY REVIEW: MANORAR S. RANA, ACT. DIR. DEPARTMENT OF MANAGEMENT AND BUDGET -4- Maurice A. Ferre MAYOR LEGAL REVIEW: ASkISTANT CITY ATTORNEY APPROVED AS TO FORM AND CORRECTNESS: 9141 MIAMI REVIEW AND DAILY RECORD Published Daily except Saturday, Sunday and Legal Holidays Miami. Dade County, Florida. STATE OF FLORIDA COUNTY OF DADE Before the undersigned authority personally ap• peared Becky Caskey, who on oath says that she is the — Assistant Director of Legal Advertising of the Miami Review and Daily Record, a daily (except Saturday, Sunday and Legal Holidays) newspaper, published at Miami in Dade County, Florida; that the attached copy ' of advertisement, being a Legal Advertisement or Notice in the matter of CITY OF MIAMI Re: Ordinance 9141 in the X X . . . ... .. Court, id was published in sanewspaper in the issues of July 30, 1980 Affiant further says that the said Miami Review and Daily Record is a newspaper published at Miami, in said Dade County. Florida, and that the said newspaper has heretofore been continuously published in said Dade County. Florida. each day (except Saturday, Sun- day and Legal Holidays) and has been entered as second class mail matter at the post office in Miami, in said Dade County, Florida, for a period of one year next preceding the first publication of the attached copy of advertisement; and affiant further says that she has neither paid nor promised any person, firm or corpora• tion any discount, rebate. commission or refund for the purpose of securing this advertisement for publication in the 90 newspaper �Sw td`a'nTa�db for a this 3 0 h ay of J 819 0 CI OF ,�, �Ty![-[ ``p DADE W1 r"jai LEGAL NOTICE All interested will take notice that on the 21th day of July 1980, the City Commission of Miami, Florida passed and adoptedlMte Wowing titled ordinance: ORDINANCE NO. 9141 AN EMERGENCY ORDINANCE AMENDING 9ECTIONAZr— _19711, THE CAPITAL IMPROVEMENT APPROPRIATIONS OR- DINANCE FOR THE FISCAL YEAR ENDING SEPTEMBER 30, 1980, AS AMENDED; BY TRANSFERRING FUNDS IN THE AMOUNT OF $1,400,000 FROM THE CAPITAL IMPROVEMENT FUND, PROCEEDS OF THE INTERAMA LAND SALE TO ESTABLISH PARAGRAPH XIV. HOUSING GENERAL OBLIGATION BOND FUND IN THE SAME AMOUNT FOR THE PURPOSE OF FUNDING SECTION 8 HOUSING PROJECTS DADE 8.1 (WYNWOOD), DADE 8.3 (COCONUT GROVE), DADE 8.11 (LITTLE HAVANA), and DADE 8.12 (TOWNPARK); CONTAINING A REPEALER PROVISION AND A SEVERABILITY CLAUSE; AND DISPENSING WITH THE REQUIREMENT OF: READING,. THE SAME ON TWO SEPARATE DAYS BY A VOTE -or NOT LESS THAN FOUR -FIFTHS OF THE MEMBERS OF THE` COMMISSION. ' RALPH ONGIE nM CITY CLERK CITY OF MIAMI, FLORIDA Publication of this Notice on the 30 day of July 1980 7/30 M80-073047 y r Octe a Y Fer yre g Notar Publ c, fate �F rida at Large (SEAL) �. �y\, / My Commissioh,ex�iA' bni )6. 1 MR 67•! - 1 1 ICI'Y G!' `•11aU!I, FL-ORIOA t I'NTcF?-OFFICE MEMORANDUM Joseph R. Grassie >F July 17, 1980 VRE City Manager Emergency Ordinance! 1, Appropriation of $11400,000 from / General. Obligation Housing Denai]Jlman Director Bond Fund to Develop �,'Oepartment of Community Section 8 Projects Development City Commission Agenda, —----------- — --- -- __�_ - July 24, 1980 _ It is recommended that the City Commission ,- by Emergency Ordinance amend Section 1 of Ordinance No. 9019, adopted November 8, 1979, the Capital Improvement Appropriations Ordinance for the fiscal year ending September 30, 1980, as amended to transfer funds in the amount of $1,400,000 from the Capital Improvement Fund, proceeds of the Interama Land Sale to the Housing General Obligation Bond Fund as a capital contribution to assist Dade County in the devel- opment of four Section 8 housing projects, per the attached Ordinance. By Resolution No. 76-612, the City of Miami Commission authorized the execution of an agreement for financing housing in the City of Miami by and between Dade County and the City of Miami, for the purpose of developing Section 8 housing projects in the City. Originally, all four projects were to be finapced through Dade County Special Revenue Bonds. However, due to the high interest rates Dade County has experienced in the sale of its Special Revenue Housing Bonds, sufficient capital is unavailable from the bond proceeds with which to acquire these projects. In order to develop these projects, staff recommended, and the City Commission approved, Resolution No. 80-344, which authorized the City Manager to proceed with the issuance of $1,400,000 in housing bond proceeds for a capital contribution to assist in the development of Section 8 projects Dade 8-1 (Wynwood), Dade 8-3 (Coconut Grove), Dade 8-11 (Little Havana), and Dade 8-12 (Town Park). However, the sale of $1,400,000 in General Obligation Housing Bonds will not occur until the fall of 1980. In an effort to move forward with the development of the aforementioned Section 8 housing projects, the transfer of $1,400,000 from the City's Capital Improvement Fund (said proceeds from the Interama Land Sale) to the Housing General Obligation Bond Fund appears to be the most expeditious method of developing these projects. 9141 n Joseph R. Grassie Page 2. July 17, 1980 Due to the immediate need to make available the City's assistance to Dade County, Commission approval of this item is recommended.,. /so 01 9141