HomeMy WebLinkAboutLegislationCity of Miami
Legislation
Resolution
City Hall
3500 Pan American
Drive
fL 33133
www.miamigov.com
File Number: 06-01451
Final Action Date:
A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENTS),
AUTHORIZING THE TRANSFER OF FUNDS, IN THE AMOUNT $52,000,.FROM
THE CITY OF MIAMI REVOLVING LOAN PROGRAM; ALLOCATING SAID FUNDS
TO SECTION 108 DEBT SERVICE, TO ADJUST ACTUAL EXPENDITURES FOR
THE YEAR AS A RESULT OF INCREASED INTEREST PAYMENT ON VARIABLE
INTEREST RATE LOANS.
WHEREAS, the Administration is recommending the transfer of funds, in the amount of $52,000
from the City of Miami Revolving Loan Program to Section 108 debt service to adjust actual
expenditures for the year as a result of increased interest payment on variable interest rate loans;
NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI,
-FLORIDA:
Section 1. The recitals and findings contained in the Preamble to this Resolution are adopted by
reference and incorporated'as if fully set forth in -this Section.- -- -
Section 2. The transfer of funds, in the amount of $52,000, from the City of Miami -Revolving Loan
Program, and the allocation of said funds to Section 108 Debt Service, to adjust actual expenditures
for the year as a result of increased interest payment on variable interest rate loans, is authorized.
Section 3. This Resolution shall become effective immediately upon its adoption and signature of
the Mayor.{1}
APPROVED AS TO FORM AND CORRECTNESS:
Footnotes:
{1} if the Mayor does not sign this Resolution, it shall become effective at the end of ten calendar days
from the date it was passed and adopted. if the Mayor vetoes this Resolution, it shall become effective
immediately upon override of the veto by the City Commission.
City of Miami
Page 1 of 1 Printed On: 8/29/2006