HomeMy WebLinkAboutexhibit 5-pre legislationJ-01-856
10/11/01
ATTACHMENT C
r
ORDINANCE NO.
12137
AN EMERGENCY ORDINANCE OF THE MIAMI ''CITY
COMMISSION, WITH ATTACHMENT(S), AUTHORIZING THE
ISSUANCE, SUBJECT TO THE ELECTION HEREIN PROVIDED
FOg,tt IN AN 'AGGREGATE PRINCIPAL AMOUNT NOT
EXCEEDING $255,000,000 OF GENERAL OBLIGATION BONDS
OF THE CITY OF MIAMI, FLORIDA, FOR HOMELAND
SECURITY, NEIGHBORHOOD IMPROVEMENTS, CAPITAL"
PROJECTS AND INFRASTRUCTURE IMPROVEMENTS, WITH
INTEREST PAYABLE AT RATES NOT TO EXCEED THE
._,MAXIMUM RATE ALLOWED BY LAW; PROVIDING FOR THE -
LEVY AND COLLECTION OF AD VALOREM TAXES TO PAY
SUCH BONDS PROVIDED THAT THE DEBT MILLAGE NOT
EXCEED THE CURRENT RATE OF 1.218; MAKING
PROVISIONS FOR HOLDING A SPECIAL • MUNICIPAL
ELECTION ON NOVEMBER 13, 2001, •FOR THE PURPOSE OF
SUBMITTING TO THE ELECTORATE AT SAID ELECTION,
WITH RESPECT TO THE ISSUANCE OE' SUCH BONDS; .
DESCRIBING THE REGISTRATION BOOKS AND RECORDS
MAINTAINED UNDER THE PROVISIONS OF THE GENERAL
LAWS OF FLORIDA AND. CHAPTER 16 OF THE CODE OF THE
CITY OF MIAMI, FLORIDA, AS AMENDED, WHICH THE CITY
HAS ADOPTED AND DESIRES TO USE FOR HOLDING. SUCH
SPECIAL MUNICIPAL ELECTION; DESIGNATING AND
APPOINTING THE CITY CLERK AS THE OFFICIAL
REPRESENTATIVE OF THE CITY COMMISSION WITH RESPECT
TO THE USE OF SUCH REGISTRATION BOOKS AND RECORDS;
AUTHORIZING AND DIRECTING THE CITY CLERK TO
PUBLISH NOTICE OF THE ADOPTION OF THIS ORDINANCE
AND THE PROVISIONS THEREOF PURSUANT TO APPLICABLE
LAW; AND DIRECTING THE CITY CLERK TO CAUSE J
CERTIFIED COPY OF THE HEREIN ORDIWANCE TO BE
DELIVERED TO THE SUPERVISOR O.F ELECTIONS OF MIAMI--
DADE COUNTY, FLORIDA, PURSUANT TO APPLICABLE LAW;
CONTAINING A REPEALER PROVISION.AND A SEVERABILITY
CLAUSE; PROVIDING FOR AN EFFECTIVE DATE.
BE IT ORDAINED BY THE•COMMISSION OF THE CITY OF MIAMI,
FLORIDA:
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