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HomeMy WebLinkAboutR-78-0659LCP/ab 1111 10-i7=78 1 RESOLUTION ADVANCING $350,000 FROM THE CONVENTION CENTER FUND `'O THE TRADE FAIR OF THE AMERICAS-EXPORT '79 TRUST AND AGENCY FUND; SAID ADVANCEMENT TO COME FROM MONIES DERIVED FROM SOURCES OUTSIDE OF THE SALE OF BONDS; THE CONVENTION CENTER FUND TO BE REIMBURSED BY THE TRADE FAIR OF THE AMERICAS-EXPORT '79 TRUST AND AGENCY FUND THE AMOUNT OF $350,000 PLUS INTEREST COMPUTED SIMPLY AT 6% PER ANNUM. WHEREAS, on October 12, 1978 the Commission adopted Resolution 78-644 approving the proposal for the Trade Fair of the Americas - Export '79 and authorizing the transfer of $350,000 from the Convention Center Fund to the Trade Fair Fund on a loan basis; and WHEREAS, funds are available on a reimbursable basis in the amount of $350,000 in the Convention Center Fund which will come from monies derived from sources outside of the sale of bonds; and WHEREAS, Convention Center funds advanced to the Trade Fair of the Americas -Export '79 Trust and Agency Fund will be reimbursed from "DOCUMENT INDEX 3 Fair£ the Americas; and 2 11 operations of the Trade o � z - �� � N4 �./ WiiEF.E,AS , funds advanced to the Trade Fair of the Americas-fl 1 ort ' 79 Trust and Agency Fund will accrue interest computed simply at 6% per annum; NOW, 'I1lEREFORE, BE rr RESOLVED BY WE COMMISSION OF THE CrrY OF M AMI, FLORIDA: Section 1. Funds in the amount of $350,000 are hereby advanced from the Convention Center Fund to the Trade Fair of the Americas -Export '79 Trust and Agency Fund, said advancement to come from monies outside of the sale of bonds. Section 2. Funds advanced from the convention Center Fund to the Trade Fair of the Americas -Export '79 Trust and Agency Fund are reimbursable - from the proceeds of the Trade Fair of the Americas Project. CITY COMMISSION MEETING OF OCT2 4 1978 mount' O78-65 r 11:1 11111111111111111111111111111111111111111iiiimmo == ME ME Station 3, Punett adVanded frOM the Convention Center Fund to the Trade Fair of the Americas -Export '79 Trust and Agency Fund shall accrue interest computed simply at 6% per annum, payable to the Convention Center Paid from the proceeds of the Trade Fair of the Americas Project, PASSED AND ADOPTED this 24 day of October G. KIUE, CITY CLERK BUDGETARY RE HCWARD V. GARY, D CTOR DEPARTMENT OF MANA ilENT AND BUDGET APPROVED AS TO FORM AND CORRECTNESS: =r3 IMK , 1978. 1 (?(" . ROBERT F. CLARK, ASSISTANT CITY ATTORNEY 78-659 ME ME MM gTA'E OF FLORIDA COUNTY OF DADE CITY OF MIAMI Is RALPH G. ONGIEj Clerk of the City of Miamiy Florida; and keeper of the records thereof do hereby certify that the attached and foregoing pages numbered 1 through 2, inclusive, contain a true and correct copy of a resolution adopted by the Commission of said City at a meeting held on the 24th day of October, 1978. SAID RESOLUTION WAS DESIGNATED RESOLUTION NO. 78-659. IN WITNESS WHEREOF, I hereunto set my hand and impress the official seal of the City of Miami, Florida4 this 24th day of October, 1978. RALPH G. ONGIE CITY CLERK MIAMI, FLORIDA