HomeMy WebLinkAboutO-09128I r.
CRDINTANIC E 110. .91 28
AN EJERGGNCY ORUINANU AUTUORi7.ING, I'(((" ISSUANCE,
SU3CTC THE Ej0:PREE_ I" �)
C7 �L=,00^,000 SAI:ITARY :S,:rR BC':DS CF THE
CI^17 OF I•iIAMI, FLOR-IDA FOR THE PI-,RRCSE
CE R;I=i C THE COST CR II;PRC"E";E':^,S AND
EX^EI:S=O':S OF THE Sl;I;I".'tiR.I'
CF T:?E CITY OF I�I��I�:I; PRO't'I^I::G ^: 1 T::IS
L.. 'INA'::CE SE'ALL OTC) E ,:� _ ?'�DIA'L ELY
r c ,tL INTO :.CT
? PO;1 ITS PASSAGE; AND DISPE?,SII;u WITH THE
REAL�II:C OF THIS ORLIIJANICE OI; TI%,O SEPARATE
DAYS BY A VOTE Or I10T LESS THAN POUR -FIFTHS
OF THE COMMISSION.
BE IT O:;DA-_NTED BY THE COMMISSION. OF THE C:TY OF VI4N11I:
Section 1. For the rurpose of payinE- the cost of improve-
ments and extensions of the sanitary sewer s;; step: of The
City of ?:iami, including the construction, reconstructior,
and extension or the sanitary servers and other sewer systerr.
improvements, intercepting sewers, force mains, trunk sewers,
purr:pinE. stat ons, outlets and connections to the sewage
disposal system of the City, the relaying .f any damages
streets cr sidewalks and the acquisition of any necessary
land, here shall be -A-
Constitution the authority of the
and laws of the State of Flprlda, including
particularly the Charter of The City of Miami, Florida, and the
Municipal Home Pule Powers Act, Chapter 1055 of the Florida
Statutes, as amended, and subject to the election hereinafter
provided for, bones of The City of Miami in an aggregate
principal amount of not er.ceeding Forte -five Million
Dollars ($45,000,000), 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:
4
1415
1,,00C
OC R
!
r
0 20
lu
1,r35 C0
V
ry
c, n
10
2,125,000
11
19
3,°10,00�
20
4,1303000
it belno
estimated and declared
by the City Commission that the
probable
life of said sanitary sewer
improvement
is more than
twenty (2C)
years after the ce:r,^letior. of constructicn of
said improvements.
Such
bonds shall be in the
denoninaticn of
55,000 each
and shall bear interest at a rate or rates, nc ; to excee the
rate provided for in the statutes cf the State of Florida,
as shall be determined at the time of sale therecf, such
interest being; pa, able seml-annual y, and both the pri:zc"pal
of and the interest on such bonus shall be payable at a oank
or trust coy pony in the �oroli of Vanhattan, City and State
of Niev: :'ork, or, at the option of the holder or registered
owner, at a bank or trust company in the City of Miami.,
Florida.
The Commission of The City of Miami reserves the right to
make all or any part of such bonds redeemable prior to their
respective maturities at such tiries and prices and under
such terms and conditions as may be fixed by resolution prior
to the sale of said bonds.
Section 2. A part of the cost of said sanitary sever
extensions and improvements mad if the Commission of The City
of Miami shall so determine, be specially assessed in the
manner and to the extent:, authorized and provided by Section
56 o-,;' she City Charter, as amen. ed, and any other ap! lic-
able laws of the State cf Flor_da. For the prompt payment -
of ther: _n:'_^2� of an, -'the inte'_'c— cr. such bonds, there
9128
4
r
shall be levied and collected annually a special tax upon all
taxable property within the City, over and above all other
taxes authorized to be levied by the City of Miami., sufficient
to pay such principal and interest as the same respectively
become due and payable; provided, however, that if any
special assessments shall be levied on account of any of
said sanitary sewer extensions and improvements, such annual
tax levy may be reduced in any year by such amount, if any,
as may have been set aside and is then held for such purpose
in the special fund in which the proceeds of such special
assessments shall have been placed.
Section 3. An election is hereby called to be held on
the 7th clay of October, 1980, for the purpose of submitting
to the electors of the City authorized by law to participate
in such election the question whether such bonds shall be
issued.
Section 4. Pursuant to Section 53 of the Charterof the
City of Miami, this ordinance shall go into effect immediately
upon its passage and shall not be subject to the right of
referendum.
Section 5. This ordinance is hereby declared an emergency
measure on the grounds of urgent public need for the preser-
vation of peace, health, safety, and property of the City of
Miami.
Section 6. 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 the Commission.
PASSED AND ADOPTED this loth day of July, 1980.
MAURICE A. FERRE
M A Y O R
AT ST:
RAL H G. ONGIE, CITY C RK
PRE: AR AND APPROVED BY: APf
RAVED AS T
RO ERT F. CLARK GEORff F. KNOX,
ASSISTANT CITY ATTORNEY CITY ATTORNEY
-3-
AND CORRECTNESS:
9128
CITY OF MIAMI. FLORIDA
i
INTER -OFFICE MEMORANDUM
TO
Joseph R. Grassie July 9, 1.980 r!LE
City Manager
Ordinance Authorizing Issuance
�% of Sanitary Sewer Bonds
lam'
PDirector
o ld W. ather
f Pub e Works
S.NC l_O SU F+F.S
It is recommended that an ordinance be
approved to authorize the issuance of
$45 million in sanitary sewer bonds,
subject to election.
The $45 million sanitary sewer bonds are to finance the
construction of sanitary sewers throughout the remainder
of the City of Miami.
Additional details of this program were included in the
report "Data Compiled for a Proposed General Obligation
Bond Election in 1980". This report was previously
submitted to the City Commission.
JAH:hc
Ordinance attached
MIAMI REVIIEW
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 9128
in the ... _ _.I.X...X.._X.._ -. ............. Court,
was published in said newspaper in the issues of
July 16, 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 th' et— ment for publication
in the saiid',Tlewspa �\
CITY OF MIAMI,
DADE COUNTY, FLORIDA
LEGAL NOTICE
All interested will take notice that on the 10th day of July 1980, the
City Commission of Miami, Florida passed and adopted the following
titled ordinance:
NO. 9148 _
AN EMERGENCY ORDINANCE AUTHORIZING THE IS-
SUANCE, SUBJECT TO THII ELECTION AS HEREIN
PROVIDED, -OF 145,000,000 SANITARY SEWER BONDS OF
y
THE CITY OF MIAMI, FLOR44JA, FOR THE PURPOSE OF
PAYING THE COST OF IMPROVEMENTS AND EXTEN-
SIONS OF THE SANITARY SEINER SYSTEM OF THE CITY
r
OF MIAMI; PROVIDING THAY THIS ORDINANCE SHALL
GO INTO EFFECT IMMEDIATELY UPON ITS PASSAGE;
AND DISPENSING WITH THE READING OF THIS OR-
DINANCE ON TWO SEPARATE DAYS BY A VOTE OF NOT
LESS THAN FQUR-FIFTHS OF THE COMMISSION.
i
RALPH ONGIE
nm CITY CLERK
CITY OF MIAMI, FLORIDA
Publication of this Notice on the 16 day of July 19k
7/ 16 M80.071601