HomeMy WebLinkAboutCC 1922-12-12 MinutesCOMMISSION
MINUTES
Aecember 12, 1922
OF PIRG HELD
PREPARED BY mi OFFICE OF THE CITY CLERK
CITY HALL •
MINUTES OF THE ML'ETING OF THE COMMISSION OF THE CITY OF MUM, FLORIDA.
On the 12th day of Deoember, A. D. 1922, the Commission of the City of Miami met in regu-
lar session at the City Hall in Miami, Florida, at nine o'olook a. m. The meeting was call
ed to order by Chairman Leffler and on roll call the following members of the Board were
present:
O. D. Leffler, J. E. Lummus, J. I. Wilson, J. H. Gilman, E. C.Romfh.
READING OF THE MINUTES
LAST MEETING-DECEMBER 5TH
The Clerk read the minutes of the meeting of Deoember 5th whioh were approved and accepted
as written.
COMPLAINT OF DR. C. F. BAYLES
IN RE LOT CLEANING
Dr. C. F. Bayles appeared before the Commission and complained of the manner in which his
lot, Lot 6, Block 99 Routh, had been cleaned by the City; stating that a number of live
oak and gumbo -limbo trees had been destroyed, and asked that the City make right the damage
done by replacing such tress as had been destroyed and that the City also oanoel any o bar-
ges that might be assessed against the property for the work done. Dr. Sayles further ex-
plained that his lot was not the only one so damaged - the adjoining lot, belonging to Mr.
Calvin Oak, had been damaged to the same extent, but that Mr. Oak was too much of a gentle-
man to come up and make a complaint. Upon investigation it was found that the work had
been properly authorized by the Commission by Resolution No. 505, passed and adopted Sep-
tember 12th, 1922, and after some discussion among the members of the Commission, on motion
of J. &. Lummus, seconded by J. I. Wilson, the matter was referred to the City Manager for
his action, and with the request that he report back to the Commission at a later meeting.
AUTHORIZING PURCHASE OF PUMPS FOR SEWAGE DISPOSAL PLANT
Mr. Murray, Director of Department of Public Service, reported that the pumps ordered for
the Sewage Disposal Plant had been received and that he would like to use these pumps for
relieving the oongested condition in one of the sewage pumping stations and order two more
pumps for the Sewage Disposal Plant. Mr. Kohlhepp, Director of Finance, reported to the
Commission that he could purchase two oentrifugal motor driven pumps for use in the sewage
pumping station at the same price named in the contract between the City and the Worthing-
ton Pump and Machinery Company. Thereupon the following resolution was introduced by J.
H. Gilman:
RESOLUTION NO. 583.
A RESOLUTION AUTHORIZING THE PURCHASE OF TWO AD-
DITIONAL PUMPS FOR USE III THE SEWAGE DISPOSAL PLANT.
WHEREAS, the Director of Public Service reports that he deems it advis-
able to use the two pumps purchased for the Sewage Disposal Plant to relieve
the oonges§ted condition which exists in one of the sewage pumping Stations,
and
WHEREAS, the Director of Finance reports that he can purchase two addi-
tional pumps at the same price as named in the contract between the City and
the Worthington Pump & Machinery Company for use in the Sewage Disposal Plant;
now, therefore,
BE IT RESOLVED by the Commission of the City of Miami, that the City
Manager be, and he is hereby, authorized to purchase, on behalf of the City
the said two centrifugal motor driven pumps as recommended by Director of Pu-
blic Service.
Moved by J. H. Gilman and seconded by J. S. Lummus that the said resolution be passed and
adopted. 0n roll Call the vote was as follows: C. D. Leffler, yes; J. E. Lummus, yea;
J. I. Wilson, yes; J. H.Gilman, yes; E. O. Romfh, yes. Motion carried unanimously and
the said resolution passed and adopted.
AUTHORIZING CHANGE IN COST OF FREIGHT SHED AT MUNICIPAL DOCK
The City Manager presented to the Commission the following oommanioation, whioh, on mo-
tion of E. C. Romfh, seconded by J. E. Lummus, was ordered received and filed and spread
upon the minutes:
Miami, Florida
December 11, 1922.
To the City Commission,
Gentlemen:
At your last meeting I presented a plan drawn by H. H. Mundy for a freight
shed on the City Docks adjacent to the present warehouse. The arehiteot's esti-
mate on the cost of this freight shed was $2500.
You passed a resolution authorizing me to have this shed erected at a oost
not to exceed $2500. I find after getting prioes on this work, that it will
cost approximately 43300.
I did not think it best to cheapen this building, as it is designed to
eventually be converted into a permanent freight warehouse. I am proceeding
with this work and would like to have your resolution amended to Dover this ad-
ditional expenditure.
Respectfully.
F. H. WHARTON
City Manager
Thereupon a resolution authorizing the City Manager to have freight shed erected on the
Oity Docks according to plane and specifications of H. H. Mundy, Arobttee,t, at a cost.of
approximately $3300, was introduced by J. H. Gilman:.
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“1IIIIIIIIIIIIIIIIIIII
RESOLUTION NO. 684.
AUTHORIZING AND DIRECTING THE CITY MANAGER TO HAVE
8:0 ERECTED ON CITY DOCKS AT A COST OF APPROXIMATE..
LT '3300.00, ACCORDING TO PLANS AND SPECIFICATIONS
OF H. HASTINGS MUNDY, ARCHITECT.
MAMAS, the City Manager was, on December 5th, 1922, authorized and direot-
ed to have freight warehouse constructed on the City Docks at a post not exoeed-
ing $2600, and
WHEREAS, the City Manager reports that, after getting prices on such work,it
will oost approximately $3300, and
WHEREAS, the Commission deems it advisable not to oheapen this building, as
it is designed to eventually be converted into a permanent freight warehouse; now,
therefore,
BE IT RESOLVED by the Commission of the City of Miami, that the City Manager
be and he is hereby authorized and directed to have freight warehouse ereoted on
the City Docks at a cost of approximately $3300 by direct labor.
Moved by J. H. Gilman and seconded by E. C. Romfh that the said resolution be passed and
adopted. On roll oall the vote was as follows: C. D. Leffler, yes; J. E. Lummus, yes;
J. I. Wilson, yes; J. H. Gilman, yes; E. C. Romfh, yes. Motion Gerrie(' and the said
resolution passed and adopted.)
AUTHORIZING SIGNING OF CONTRACT WITH ELLIOT-LEVAN 00. POR ADVERTISING
The City Manager presented the proposed form of oontract between the City and the El-
liott-LeVan Company for the painting and display of advertising as set forth in the oon-
tract and reported that the sum due the Elliott-LeVan Company for the work under the.00n-
traot would amount to : 1800. Thereupon a resolution authorizing the City Manager to sign
said contract and authorizing the Director of Finance to issue warrant for said amount,
was introduced by J. H. Gilman:
RESOLUTION NO. 585.
A RESOLUTION AUTHORIZING THE CITY MANAGER TO
SIGN CONTRACT ON BEHALF OF THE CITY BETWEEN THE
CITY OF MIAMI AND THE ELLIOTT-LEVAN COMPANY FOR
PAINTING AND DISPLAY OF ADVERTISING.
BE IT RESOLVED by the Commission of the City of Miami, that the Oity
Manager be, and he is hereby authorized and directed to exeoute oontraot
between the City and the Elliott-LeVan. Company for painting and display
of advertising as set forth in the contract
BE IT FURTHER RESOLVED that upon the execution of the said contract
that the Director of Finance, be, and he is hereby authorized to issue
warrant for said amount to said Elliott-LeVan Company and that said amount
be paid out of the PUBLICITY FUND.
Moved by J. H. Gilman and seconded by E. C. Romfh that the said resolution be passed and
adopted. 0n roll cail the vote was as follows: C. D. Leffle ,yes; J. E. Lummue, yes;
. I. Wilson, yes; J. H. Gilman, yes; E. C. Romfh, yes. Motion oa'rlled and the said .
resolution passed and adopted.
FINAL READING -ORDINANCE REGULATING AIR VESSELS.
LICENSING AIR VESSELS AND PILOTS
An ordinance entitled "AN ORDINANCE DEFINING AIR VESSELS, CREATING A BOARD OF AERO E:KAM-
INERS, LICENSIIG AND REGULATIING AIR VESSELS AND PILOTS, AND DEFINING THE AREA OVER 'Th
CITY IN WHICH AIR VESSELS MAY BE OPERATED, AND STIPULATING THE HEIGHT AT WHICH AND THE
MANNER IN WHICH THE SAME MAY BE OPERATED ABOVE THE AREA INCLUDED IN THE CITY LIMITS",
passed and adopted on its first reading December 5th, 1922, was taken up for its seoond
and final reading. 0n motion of J. I. Wilson, seconded by E. C. Romfh, the said ordi-
nance was given its second and final reading and read in full. Moved by J. I. Wilson
and seconded by J. E. Gilman that the said ordinance be passed and adopted on its second
and final reading. 0n roll call the vote was as follows: C. D. Leffler, yes; J. E.
Lummus, yes; J. I. Wilson, yes; J. H. Gilman, yes; E. C. Romfh, yes. Motion unani-
mously carried and the said ordinance passed and adopted on its second and final reading.
In accordance with resolution No. 155, passed and adopted February 28th, 1922, the said
ordinance is numbered 148 and is shown, as passed and adopted, in Ordinanoe Book 1 at
page 117.
COMMUNICATIOII FROM CIVITAN CLUB IN RE CLOSING OF CERTAIN STREETS NEAR THE CAUSEWAY
Communication from the Civitan Club, addressed to the Mayor, under date of December 9th,
was, on motion of J. I. Wilson, seconded by J. H. Gilman, ordered received and filed and
spread upon the mir_utee of the meeting:
Mr. Charles D. Leffler, Mayor,
Miami, Florida.
Dear Sir:
December 9, 1922.
At a meeting of the Civitan Club of Miami, held Friday noon, December
8th, attention was called to a resolution having been introduced in the Mi-
ami City Council, providing for the closing of one or more streets at the
property of the Belcher Asphalt Paving Company, near the Causeway and Muni-'
cipal Docks.
The matter was discussed freely, and the unanimous expression of those
who spoke, and of the vote taken, was that none of our streets be olosed or
abandoned, especially those covered by the resolution now before the City
Commissioners.
1
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Deoember ].JS; 1922. 119
COMMUNICATION FROM CIVITAN CLUB, CONT'D.
It was the sentiment of the meeting that the streets should be open-
ed up through to the municipal property to afford additional aooess to
the docks and warehouses.
The meeting requested the Board of Direotors of Civitan to take the
matter up with the City Commissioners forthwith.
Yours very truly,
FRED L. TERRY
Secretary
AC CEPT ING DEDICATION OF STREETS
THROUGH BAMM' S PARK AND GOLDCOURT
An ordinance entitled "AN ORDINANCE ACCEPTING THE DEDICATION OF THE STREET AND PARK AS
SAME IS SHOWN ON THE PLAT AUTHORIZED BY THE CI'PY COMMISSION TO BE EXECUTED BY THE MAYOR
AND CITY MANAGER OF THE OPENING AND EXTENSION OF NORTHEAST THIRD AVENUE THROUGH PART OF
LOT NINE OF GOLDCOURT AND LOTS FIFTEEN, THIRTY-SIX AND THIRTY-SEVEN OF RANKER'S PARK,
ADDITIONS TO THE CITY OF MIAMI, passed on its first reading December, 5th, 1922, was
taken up at this meeting for its second and final reading. 0n motion of J. I. Wilson,
seconded by E. C. Romfh, the said ordinance was given its second and final reading and
was read in full. Moved by J. I. Wilson and seconded by E. C. Romfh that the said or-
dinance be passed and adopted on its second and final reading in full. On roll call
the vote was as follows: C. D. Leffler,yes; J. E. Lummus, yes; J. I. Wilson, yes;
J. H. Gilman, yes; E. C. Romfh, yes. Motion carried and the said ordinance passed and
adopted on its second and final reading in full. In accordance with resolution No. 155
passed and adopted February 28th, 1922, the said ordinance is numbered 149 and is shown
in 0rdinance book 1 at page 118.
ACCEPTING DEDICATION OF STREETS
An ordinanc
DIVISION KN
up at this
conded by J
Moved by E.
adopted on
Leffler, ye
yes. Motio
reeolution
bered 150 a
IN SUBDIVISION KNOWN AS "GLENSIDE"
e entitled "AN ORDINANCE ACCEPTING THE DEDICATION OF THE STREETS IN THE SUB -
OWN AS "GLENSIDE", passed on its first reading December 5th, 1922, was taken
meeting for its second and final reading, and on motion of E. C. Romfh, se-
. I. Wilson, was given its second and final reading and was read in full.
C. Romfh and seconded by J. E. Gilman that the said ordinance be passed and
its second and final reading. 0n roll call the vote was as follows: 0- D.
s; J. E. Lummus, yes; J. I. Wilson, yes; J. H. Gilman, yes; E. C. Romfh,
n carried and the said ordinance passed and adopted. Inaccordance with
No. 155, passed and adopted February 28th, 1922, the said ordinance 13 num-
nd is shown in 0rdinance Book 1 at page 119.
ACCEPTING DEDICATION OF STREETS IN SUBDIVISION KNOWN AS "ORCHID DELL GARDENS"
An ordinance entitled "AN ORDINANCE ACCEPTING THE DEDICATION OF THE STREETS IN THE SUB-
DIVISION KNOWN AS "ORCHID DELL GARDENS", was introduced by J. I. Wilson, and on motion
of J. E. Lummus, seconded by E. C. Romfh, it was resolved that the charter requirement
for readings of ordinanoes on two separate occasions be, and the same is hereby, dis-
pensed with by the following vote: C. D. Leffler, yes; J. E. Lummus, yes; J. I. Wil-
son, yes; J. H. Gilman, yes; E. C. Romfh, yes. On motion of J. I. Wilson, seoonded
by J. E. Lummus, the said ordinance was given its first reading and read by title only.
Moved by J. I. Wilson and seconded by E. C. Romfh that the said ordinance be passed on
its first reading. 0n roll call the vote was as follows: C. D. Leffler, yes; J. E.
Lummus, yos; J. I. Wilson, yes; J. H.Gilman, yes; E. C. Romfh, yes. Motion carried
unanimously and the said ordinance passed on its first reading. On motion of J. I.
Wilson, seconded by J. H. Gilman, the said ordinance was given its second and final
reading and was read in full. Moved by J. I . Wilson and seconded by E. C. Romfh that
the said ordinance be passed and adopted on its second and final reading in full. On
roll call the vote thereon was as follows: C. D. Leffler, yes; J. E. Lummus, yes;
J. I. Wilson, yes; J. H. Gilman, yes; E. C. Romfh, yes. Motion carried and the said
ordinance passed and adopted on its second and final reading in full. In accordance
with reeolution No. 155, passed and adopted February 28th, 1922, the said ordinanoe is
shown, as passed and adopted, in Ordinance Book 1, at page 119, and is numbered 151.
ORDINANCE PRESCRIBING SANITARY REGULATIONS FOR TENTS USED AS A HUMAN HABITATION
An ordinance entitled "AN ORDINANCE DEFINING "TENT" AND "TENT CITIES"; PRESCRIBING
SANITARY REGULATIONS FOR TENTS AS A HUMAN HABITATION, AND PROVIDING PENALTY FOR THE
VIOLATION OF THIS ORDINANCE", was introduced by E. C. Romfh, and on motion of J. I.
Wilson, seconded by J. H. Gilman, it was resolved that the charter requirement for
readings of ordinances on two separate occasions be, and the same is hereby, dispen-
sed with by the following vote: ;. D. Leffler, yes; J. E. Lummus, yes; J. I. Wil-
son, yes; J. H. Gilman, yea; E. C. Romfh, yes. On motion of J. I. Wilson, seconded
by J. H. Gilman, the said ordinance was given its first reading and read by title only.
Moved by J. I. Wilson and seconded by J. E. Lummus that the said ordinanoe be passed
on its first reading as read. 0n roll call the vote was as follows: C. D. Leffler,
-es; J. E. Lummus, yes; J. I. Wilson, yes; J. H. Gilman, yes; E. C. Romfh, yes.
Motion carried and the said ordinance passed on its first reading. On motion of J.
I. Wilson, seconded by J. H. Gilman, the said ordinance was given its second and
final reading and was read ih full. Moved by J. I. Wilson and seconded by J. H. Gil-
man that the said ordinance be passed and adopted on its second and final reading in
full. On roll call the vote was as follows: C. D. Leffler, yes; J. E. Lummus, yes;
J. I. Wilson, yes; J. 'H. Gilman, yes; E. C. Romfh; yes. Motion carried unanimously
and the said ordinance passed and adopted on its second and final reading. In accord-
ance with Resolution No. 155, passed and adopted February 28th, 1922, the said ordi-
nanoe is numbered 152 and is shown, as passed and adopted, in Ordinance Book 1 at
page 119.
AUTHORIZING CONSTRUCTION OF PASSENGER SHELTER
AT MUNICIPAL DOCKS
The City Manager reported that in pursuance of a resolution passed and adopted De-
cember 5th, 1922, authorizing the preparation of plans and specifications for pas-
senger shelter to be constructed on Municipal Dock, that he had caused such plane
and specifications to be prepared by H. Hastings Mundy, Arohiteot, and submitted the
said plans and specifications to the Commission. After some discussion among the mem-
bers of the Commission the construction of such a shelter was authorized by the fol-
lowing resolution which was introduced by J. E. Lummus:
i
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.`'wkS,itiz?:XIe;.. 10(0416M-eW_n.AMATAt OP{;s'iAVONIM
December 12th, 1922.
RESOLUTION NO. 586.
ds{diJ I uJii& g" j��
A RESOLUTION AUTHORIZING THE CONSTRUCTION OF PASSEN-
GER SH LTER AT MUNICIPAL DOCKS ACCORDING TO PLANS AND
SPECIFIOATIONS OF H. H. I UNDY, ARCHITECT, AT A COST
NOT TO EXCEED 46500.
BE IT RESOLVED by the Commission of the City of Miami, that the City
Manager be, and he is hereby, authorized and directed to have passenger
shelter constructed at Municipal Docks according to the plans and speci-
fications of H. H. Mundy, Architect, by direct labor at a cost not to ex-
ceed 06500.00.
Moved by J. E. Lummus and seconded by J. I.Wilson that the said resolution be passed and
adopted. Upon roll call the vote was as follows: C. D. Leffler, yea; J. E. Lummus,
yes; J. I. Wilson, yes; J. H. Gilman, yes; E. C. Romfh, yes. Motion carried unani-
mously and the said resolution passed and adopted as read.)
AUTHORIZING TRANSFER OF BALANCES IN APPROPRIATIONS
WITHIN SAME DEPARTMENT
A resolution authorizing the transfer of excessive oredit balances in certain appropria-
tions was introduced by J. H. Gilman:
RESOLUTION NO. 587.
A RESOLUTION AUTHORIZING THE TRANSFER OF $1500
BETWEEN APPROPRIATIONS WITHIN THE FIRE DIVISION
OF THE DEPARTMENT OF PUBLIC SAFETY.
WHEREAS, the Director of Public Safety requests certain transfers
be made within the Fire Division of the Department of Publio Safety as
necessary to the proper maintenance of that Division of the said Depart-
ment; now, therefore,
BE IT RESOLVED by the Commission of the City of Miami, that the Di-
rector of Finance be, and he is hereby, authorized to transfer the sum of
$1500.00 from the appropriation for SALARIES to the appropriation for
MAINTENANCE -MOTORS, both within the Fire Division of the Department of
Public Safety.
Moved by J. E. Gilman and seconded by E. C. Romfh that the said resolttion be passed
and adopted. On roll call the vote was as follows: J. D. Leffler, yes; •J. E. Lummus
yes; J. I. Wilson, yes; J. F. Gilman, yes; E. C. Romfh, yes. Motion carried and
the said resolution passed and adopted.
CHANGE IN PLANS OF WAREHOUSE #3. TO BE CONSTRUCTED AT CITY DOCKS
Mr. Lewis, representing the Clyde Line Steamship Company, appeared before the Commis-
sion in reference to certain changes in the plane for new warehouse to be constructed
on City Docks to meet the requirements of the Steamship Company, and after some dis-
cussion of the matter between the members of the Commission, Mr. Lewis, the Arohiteot,
and the Contractor, the following resolution was ihtroduced by Z. H. Gilman:
RESOLUTION No. 588.
A RESOLUTION AUTHORIZING CHANGES IN THE PLANS AND
SPECIFICATIONS OF WAREHOUSE r3 BY ADDING TO THE WORK
AND LIMITING THE ADDITIONAL COST OF SAID ALTERATION
TO $9,646.35.
WHEREAS, the City Manager has called attention to the agreement enter-
ed into on the 8th of December, 1922, between Halsema Brothers and the City
of Miami for the construction of Warehouse #3 to be located on the City
Docks at a price of : 36,500, and
WHEREAS, the City L4anager reports that, after consultation with the
Architect and Contractor and with the City Commission, that it may be ne-
cessary to make changes by altering or adding to the work, and
WHEREAS, article 24 of said contract provides that the City may. with-
out invalidating the contract, make changes by altering or adding to the
work, the contract sure being adjusted accordingly, and it appearing from
the report of the City Manager and the Architect, together with detailed
plans and specifications thereof, that the size of the said building may
be increased and be better made to meet the requirements of commerce than
are provided :for in the original plans and specifications; and the Commis-
sion_ being satisfied from the reports of the City Manager and Architect
that such changes be made as provided for in article 24 so as to enlarge
the building as provided for by the original plans; and that such plans,
as amended by the architect, would better meet the requirements of com-
merce; now, therefore,
BE IT RESOLVED by the Commission of the City of Miami, that the City
Manager be, and he is hereby, authorized, acting in conjunction with the
Architect as provided for in article 24, to make such changes by alter-
ing or adding to the work. Such changes or alterations' to be shown by the
amended piens and specifications of the Architect, and at an additional
prioe, over and above the original contract price of 036,500, not exceed-
ing $9,646.35.
Moved by J. E. Oilman and seconded by E. C. Romfh that the said resolution be 136eee0
and adopted. On roll call the vote ,was as follows: C. D. Leffler, yes; J. E. Lum-
mus, yes; J. I. Wilson, yes; J. E. Gilman, yes; E. C. Romfh, yes. Motion oarrie8
and the said resolution passed and adopted.)
Deoember 12th, 1922. 121 r
REPORT OF J. G. WHITE ENGINEERING CORPORATION ON WATER AND ELECTRIC LIGHT & POWER SITUATION
Communication from the J. G. White Engineering Corporation addressed to the City Manager,
under date of Deoember 9th, 1922, in reference to the Miami. Utilities, vas presented to
the Commission, and the Commission also received 6 copies of t1ie,report of the J. G. White
Corporation, the report being dated December 1, 1922, on the Miami Water Company and the
Miami Electric Light & Power Company. Upon motion of E. C. Romfh, seconded by J. E. Lum-
mus, the communication was ordered filed and spread upon the minutes:
New York, N. Y.
December 9, 1922.
Mr. F. H. Wharton, City Manager,
Miami, Florida.
Re MIAMI UTILITIES-4266
Dear Sir:
We are forwarding to you in this mail under separate cover in two pack-
ages, speoial delivery, six (6) copies of our report to the City Commission,
dated the let instant, on Miami Water Company and Miami Electric Light.& Pow-
er Company.
These together with our file copies and a copy to Mr. J. T. Woodward ex-
haust our first edition. If you desire additional copies we should be glad
to prepare them and forward them to you promptly on request.
Very truly yours,
C. E. BAILY
Manager Engineering Reports.
There being 6 copies of the reports, one was delivered to each member of the City Commis-
sion and one to the City Manager.
OOMMtJNICATION OF J. T. WOODWARD OF SPENCER TRASK CO. IN RE FINANCING FOR PURCHASE OF UTILITIES
A communication, addressed to the City Commission under date of Deoember 9th, 1922, from
J. T. Woodward, Manager of the Buying Department of the Spender Trask Company of New York,
in reference to the report of the J. G. White Engineering Corporation, engaged by Mr.
Woodward to make an investigation and survey of the water and electric light and power
situation, was received, and on motion of J. E. Lummus, seconded by J. I. Wilson, the said
communication together with the plan of amortization on 30-year 5% bonds which accompanied
said communication, was ordered filed and spread upon the minutes of the meeting:
Communication of J. T. Woodward:
25 Broad Street,
New York
December 9, 1922.
To the Honorable City Commission,
Miami, Florida.
Gentlemen:
In accordance with your verbal instructions, I engaged the firm of J. G.
White & Company to make an investigation and survey of the water and electric
light situation in Miami, and I am informed that their report has already been
forwarded to you. I have been in frequent contact with the engineer who
made the survey and report and have been favored with his general conclusions.
In addition to the engineering phases of the above situation, it is my
understanding,: that the Commission expects from me an analysis of the financial
aspects of the proposed improvement of the water supply and further comment up-
on the proposed acquisition of the Miami Electric Light & Power Company.
For the purpose of more detailed discussion, I will present the financial
phases of the above under two headings, viz.,
No. 1: - Financing necessary to acquire the Miami Water
Company and to provide for the requisite exten-
sions to the supply itself, equipment, etc.
No. 2: - Financial aspects of the proposed acquisition
of the Eleotrio Light & Power Company.
No. 1: I am informed that the engineers estimate the valuation of the
Miami Water Company at $816,500. This valuation includes cash expenditures,
made during this last two years of about $288,000, and to this extent repre-
sents a reduction in the valuation found by the joint appraisers under date of
March 5, 1920. I am of the opinion that the valuation as found is conservative
and that the acquisition of the Water Company on that basis would be fully jus-
tified.
The extensions immediately neoessary, or those that would have to be pro-
vided for at once, according to the engineers, would aggregate $281,200. In-
cluding, therefore, the cost of the Miami Water Company and the necessary im-
mediate extensions, a total of $1,097,700 would have to be provided for. Es-
timated expenditures for the next year and those that may be regarded as essen-
tial for relatively immediate consideration, aggregate $985,000, and the engin-
eers further contemplate a maximum investment for a complete system of $4,996,
500.
From the various discussions that I have had with the engineers, I have
gained the impression that the maximum expenditure above referred to should
not contemplate during any one year an amount beyond the capacity of the City
to economically undertake, and for this reason it is my suggestion that the
City Commission consider as a precent issue a maximum of w` '2,000,000. This will
provide for the purchase of the Miarni Water Company and for an extension of
the actual supply itself through the drilling of additional wells, the building
of larger service mains and the neoessary standpipes, reservoirs, eto.
While the above expenditures would not, therefore, provide the complete
development that is suggested by the engineers, it would undoubtedly materially
increase the available supply of water for the City of Miami, and in addition,
greatly improve its quality.
= 122
mm
December 12, 1922.
swe
MS PROPOSED BOND ISSUE: I have assumed, therefore that the City Commission should
oontemplate at the present time an initial issue of *2,000,000 30-year 5% serial bonds
,s In order to enable the City to receive the advantage of the new expenditures and adds-
- tione to the wetsp ,supply, as well as the contemplated revision of rates, 1 am of the
belief that no sinking fund payments should be provided for until the end of the 6th
year. In other words, the bond issue would be known as a 30-year serial issue, with
maturities beginning in 1929 and ending in 1952.
It would le my further suggestion that the City consider the desirability of ie -
ii suing these bonds in various series and thus be in a position to satisfactorily meet
any changes in market conditions whioh might oontemplate either a lower or higher in-
terest rate.
Assuming, therefore, an issue of 42,000,000 of 55; 30-year bonds at the present
time, the City would be required to provide annually during the first 5 years merely
the interest requirement, or 41.00,000 annually, and beginning with the 6th year, to
set aside annually the sum of 142,000:- the exact working of this amount being shown
in the accompanying amortnation plan. The amortization tables provide for an annual
s payment of approximately k142,300, but I have assumed the setting aside of the round
amount with the result that the provision for the last year would have to be slightly
increased, or in other words, would amount to 0148,050, which may be regarded as a ne-
gligible inorease.
N If the City should decide, before the expiration of the 5-years, to complete the
system to the extent suggested by the engineers, it would be neoessary to have out-
standing bonds for this purpose to the maximum amount of w5,000,000, and if it be as-
sumed that the interest rate of 5; is to be continued for the various issues, a pro-
portionately larger annual payment would neoeesar ily have to be provided for. This
is indicated by the fact that if the bond issue was to be of 45,000,000, the annual
payment, to totally extinguish the debt within the 30 years, would have to be 056,
260 annually, with no payments of any description during the first 5 years.
I am not of the opinion that the City should oontemplate the authorization of bond
issues to the maximum amount indicated at the present time, but to ask for the au-
= thority to issue 42,000,000 at once to acquire the Miami Water Company and to pro-
vide for immediately increasing the supply, and improving the quality of the eater
for the City.
EARI:IITGS AS APPLICABLE TO THE BOND ISSUE: Under private management and with a
restricted supply of vaster, the Miami Water Company has shown earnings v8nich might
be assumed to be applicable to the Interest on the bonds of about 00,000 a year, be-
fore depreciation. It may be regarded as axiomatic that with an increased supply of
good eater, the consumption by the inhabitants of Miami and also of Miami Beach, would
reflect a substantial increase, as the per capita oonsumption of eater in those sec-
tions at the present time is very much below the average of other Cities of approxi-
mately the same population. assuming, therefore, net earnings under existing condi-
tions of ryy''80,000 a year, it is probable that this amount could be substantially in-
creased and that the annual payment of 0100,000 a year for interest requirements would
not in any aenee involve a distinct hardship upon the Water Department or necessitate
a general tax levy to meet any deficiency that might result.
It should be clearly understood, however, that in providing for this bond issue,
the City Commission should make it plain that it would be mandatory upon the City
Government to make such tax levy in the event that for any reason the revenues avail-
able from the Water Department would not be suffioient in size to provide for operat-
ing exrenses, depreciation and interest and amortization on the bonds. This last re-
quirement will be regarded as requisite by any reputable bond house and I am of the
opinion that the counsel representing the City, wcald insist upon such a provision.
The engineers' estimates for future earning indicate net earnings in 1934 of
about 060,000 a year, before depreciation, and if at that time the entire 45,000,000
of bonds were outstanding, the annual payment for interest and sinking fund would be
somewhat less than: this amount.
I cite these figures merely to indicate that the Water Department of the City of
Miami should be at preeent, and in the future, entirely self -sustained, and that the
revenues from this Department should be sufficient for the entire extinguishment of
the debt incurred in connection therewith.
I believe it unncessary to discuss at any length the type of improvement suggest-
ed by the engineers or the different factors affecting the probable additional supply,
but I am of the opinion that the conclusions of the engineers with respeot to the pos-
sibility of securing such additional supply at the place indicated in the report, are
worthy of very serious consideration.
If the Board of Commissioners should decide to put out the $2,000,000 of bonds
now, or as soon as the legal right to issue them could be obtained, the question of
satisfactorily marketing them should not be a matter of any concern, as water bonds
of this general type, and particularly of a city indicating the growth of Miami, are
in ready demand. As a matter of fact, I am confident that the entire issue could be
absorbed within a very short time.
As to the Sale of additional amounts, thip would appear to be a question of ex-
isting market conditions et the time of the proposed sales. The City unquestionably
could sell the entire 3,000,000 additional in one block at a slight concession from
what they condd receive for the same amount spread over three different issues, such
as has been previously suggested. It will also be a question of some moment also as
to the ability of the City t'o use all of the money thus made available in any one year
as the payment of interest Upon money that had not been expended, would not be consider-
ed sound financing.
Subject. therefore, to the ability of the market to properly absorb the addition-
al amount of bonds, it would be my judgment that the requirements in oonnection with
the subsequent expenditure should be made in three blocks of 0.,000,000 each, extend-
ing over a reriod of from 2 to F years, as the necessity for additional money beoomea
apparent.
The Corr.mission should have in mind that the City has now outstanding approxi-
metely y,F,F00,C"0 cf bond issues of various kinds, indicating a fairly substantial
amount r,. debt per capita, and that any increase in this amount of funded debt in the
hands of the public. bee cnd what might be considered as a conservative amount, would
render the Commissioners and the City subjeot to more or less criticism. There elan
be ve-r,/ 11 t:e question, however, but what the investing public as a whole would l6ok
with favor uron e bond issue intended to provide an adequate water supply, and that
generally sapeel:irg, bonds issued for this purpose have a better standing than the
majority of I:unielpal issues, on called. It is also a fact that in computing net
debt for %zany '.,:unieipalities the amount of water debt outstanding is deduoted from the
gross debt because of the usual self-liquidating nature of such debt.
11111
iliudUiul9i'W!Ikiiiiikillii4111
Deoember 12, 1982. 128
In oonolueion, in so far as the deter Department is ooncerned, I would sug-
gest that the Board of Commissioners obtain immediate authority to sell bonds to
the extent of 02,000,000 and that the work of developing new sources of supply
and the requisite extensions to the mains, etc., be undertaken.as soon as can be
provided for.
No. 2: - The question of the acquisition of the Miami Electric Light & Power
Company by the City involves many factors and is a matter that should be very care-
fully gone into before anything like a definite decision is arrived at.
I have not deemed it desirable to make anything like an exhaustive analysis
of the information seoured by the engineers on the electric light and power situa-
tion, as I have regarded the financing necessary for the acquisition of that com-
pany as entirely outside of the financial ability of the City to contemplate at
this time. This con.l asion is sustained by the valuation found by the engineers
which would require the immediate expenditure by the City of approximately, at
least, the value set forth, about $3,000,000, and in addition, financing to provide
for the annual construction and extension requirements, involving at least 02,000,
000 for the next three years.
I am of the opinion that under existing conditions the City of Miami should
not contemplate putting out 43,000,000 of new bonds to acquire this Electric Light
& Power Company. It munt be realized that in so doing and including the amount ne-
cessary to complete the water system, the City of IIiarni would have to contemplate
maximum bond issues for these two purposes, and entirely exclusive of any other
City expenditures approximately $8,000,000. This would be an increase of about
1450 over the amount of funded debt which the City has now oustanding, and while it
is true that to a very large extent, bonds issued for water purposes and for the
electric light and power plant, would be self-liquidating, the total for a city of
the eine of Miami would be regarded by the investing public as excessive.
The inability of the City, under the existing charter, to put out bonds out-
side of the debt limit, would seriously affect its general credit. Another factor
that seems to be misunderstood by the average municipal officer is that in acquir-
ing el.eotrio light and power plants, the City Officials immediately become the tar-
get for every variety of complaint, both as to service and rates, and if it develops
that the electric light and power end shows anything like reasonably adequate earn-
ing capacity, the first reaction of the voter is to demand a reduction in existing
rates on the ground that the City should not contemplate a profit in the operation
of such utility.
There seems to be no necessity to aoquire the Electric Light & Power Company
to boleter up the revenues of the Water Department, because it is very clear that
with an equitable rate schedule and reasonable consumption, the Water Department it-
self need require no assistance from any other Department.
In conclusion, I beg to state that I would strongly recommend. the Board of Com-
missioners providing immediately for the $2,000,000 water bond issue, but to defer
for the time being at least, any consideration of the Electric Light & Power Com-
pany. The operation of a Water Department is a proper function of any Munioipality
and banking interest and investors generally regard water bonds from a more favor-
able standpoint than most other direct obligation securities. They do not, however,
look with the same degree of favor upon bonds issued by Municipalities to acquire
Public Utilities of other kinds, and particularly Electric Light & Power Companies.
The instances in the Country as a whole where Municipal operation of Electric Light
& Power Companies have been suc3essful, are so few as to be almost negligible in
amount.
Respectfully submitted,
J. T. W00DWARD
Manager, Buying Department.
Spencer Trask Company.
PLAN OF AMORTIZATION ON 30-YEAR 5 o BONDS
Issue of 4,1.800,000
Year
1e�
2nd
3rd
4th
5th
6th
7th
8 th
9th
10th
llth
12th
13th
14th
16th
16th
17th
18th
19th
20th
21st
22nd
23rd
24th
25th
26th
27th
29th
29th
50th
Annual
Payment
$90,000
90,000
90,000
9C,000
90,000
127,750
127,750
+r
124,950
Interest Serial
Requirement Maturities
0 90,000
90,000
90,000
90,000
90,000 -
90,000 $37,500
88,126 39,500
86,160 41,500
84,075 44,000
81,876 46,500
79,550 48,000
77,160 50,500
74,626 53,500
71,950 55,500
69,175 58,500
66,250 61,500
63,175 64,600
59,950 68,000
56,550 71,000
53,000 75,000
49,250 78,500
45,325 82,500
41,200 86,500
36,375 91,500
32,300 95,500
27,526 100,000
22,525 106,000
17.275 110,500
11,750 116,000
5,950 119,000
01.
MO
BASED ON ISSUES OF DIFFERENT AMOUNTS
seue of 02,00v,
Annual Interest Serial
Year Pa ent Re ulrement Maturities
ieT t;�� 01oo, 000 -
2nd 100,000 100,000 -
3rd 100,000 100,000 -
4th 100,000 100,000 -
5th 100,000 100,000 -
6th 142,000 100,000 442,000
7th it 97,900 44,000
8th u 95,700 46,000
9th " 93,400 49,000
loth " 90,950 51,000
llth " 88,400 63,500
12th " 86,226 56,500
13th 1, 82,900 59,000
14th " 79,960 62,000
15th " 76,850 65,500
16th 73,676 68,500
17th " 70,150 71,500
18th " 66,575 75,500
19th " 62,800 79,500
20th " 68,825 83,000
21st " 54,675 87,500
22nd " 50,300 91,500
23rd 45,725 96,500
24th " 40,900 101,000
25th " 35,860 106,000
26th " 30,560 111,500
27th " 24,975 117,000
28th " 19,125 123,000
29th 13,475 128,500
30th 148,050 7,050 141,000
1
i
124 December 12th, 1922.
PLAN OF AMORTIZATION ON 30-YEAR 5o BOND
Issue oZf`;'
Annual
Year P
1 - v11 0
2nd 112,500
3rd 112,500
4th 112,500
5th 112,600
Gth 160,000
7th If
8th
9th
loth
llth
12th
13th
14th
15th
16th
17th
18th
19th
20th
21st
22nd
23rd
24th
25th
26th
27th
28th
29th
30th
"
TT
IT
n
If
TT
It
ff
if
fl
If
it
tT
tt
If
if
ft
"
Ii
ft
143,850
YEAR AMT. OUT.
1 $2,000,000
2 2,000,000
3 2,000,000
4 2,000,000
5 2,000,000
6 2,000,000
7 1,958,000
8 1,914,000
9 1,668,000
10 1,819,000
11 1,768,000
12 1,714,500
13 1,658,000
14 1,599,000
15 1,537,000
16 1,471,500
17 1,403,000
18 1,331,500
19 1,256,000
20 1,176,500
21 1,093,500
22 1,006,000
23 914,500
24 818,000
26 717,000
26 611,000
Interest
Requirement
$112,500
112,500
112,500
112,500
112,500
112,500
110,125
107,650
105,025
102,275
99,400
96,350
93,175
89,825
86,325
82,650
78,775
74,725
70,450
65,975
61,275
56,325
51,150
45,700
40,000
34,000
27,700
21,076
14,125
6,850
Year
NT-
2nd
3rd
4 th
5th
Gth
7th
8th
9th
10th
llth
12th
13th
14th
15th
16 th
17th
18th
19th
20th
21st
22nd
23rd
24th
25th
26th
27th
28 th
29th
30th
BAL.AVAIL.
-700,000
100,000
100,000
100,000
100,000
142,000
142,000
142,100
142,400
142,000
142,050
142,150
142,325
142,425
142,475
142,125
142,050
142,400
142,325
142,025
142,200
142,025
142,225
142,000
142,100
142,250
Serial
Maturities
Oi
07,500
49,500
52,500
55,000
57,500
61,000
63,500
67,000
70,000
73,500
77,500
81,000
85,500
89,500
94,000
99,000
103,500
109,000
114,000
120,000
126,000
132,500
139,000
145,500
137,000
BASED ON ISSUES OF DIFFERENT AMOUNTS
Issue of ;2,500,000
Annual Interest Serial
Year Payment Requirement Maturities
Tit- $125,�0. $125,000 -
2nd 125,000 125,000 -
3rd 125,000 125,000 -
4th 125,000 125,000 -
5th 125,000 125,000 -
6th 177,500 125,000 $ 52,500
7th II 122,375 55,000
8th " 119,625 58,000
9th 't 116,725 60,500
loth " 113,700 64,000
llth " 110,500 67,000
12th if 107,150 70,000
13th " 103,650 74,000
14th " 99,950 77,500
15th " 96,075 81,500
16th If 92,000 85,500
17th " 87,725 90,000
18th " 83,225 94,000
19th " 78,525 99,000
20th " 73,575 104,000
21st " 68,376 109,000
22nd " 62,925 114,500
23rd If 57,200 120,500
24th " 51,175 126,000
25th " 44,875 132,500
26th " 38,250 139,500
27th " 31,275 146,000
28th " 23,975 153,600
29th If 16,300 161,500
30th 172,725 8,225 164,500
Issue of,3,000.000
Annual Interest Serial
Patent Requirement Maturities
$1,000 $150,000 -
150,000 150,000
150,000
150,000
150,000
150,000 $p 65,000
146,750 68,000
143,350 71,500
139,775 75,500
136,000 79,000
132,050 83,000
127,900 87,000
123,550 91,500
118,975 96,000
114,175 100,500
109,150 106,000
103,850 111,000
98,300 117,000
92,450 122,500
86,325 128,500
79,900 135,000
73,150 142,000
66,050 •149,000
58,600 156,500
50,775 164,000
42,675 172,500
33,950 181,000
24,900 190,000
15,400 200,000
113,400 5,400 108,000
TO RETIR2 , 000, 000 5%
MIAMI WATER BONDS
AMORTIZATION
IIJT.RE . �AL.FOR RET. AMT.RE'T.
150,000
150,000
150,00°
215,000
11
ti
"
a.
$ 0
V100,000
100,000
100,000
100,000
100,000 42,000
97,900 44,100
95,700 46,400
93,400 49,000
90,950 61,050
88,400 53,650
85,225 56,825
82,900 59,425
79,950 62,475
76,850 65,625
73,575 68,550
70,150 71,900
CC6,575 75,825
62,800 79,525
58,825 93,200
54,675 87,525
50,300 91,725
45,725 96,500
40,900 101,100
35,850 106,250
30,550 111,900
le
42,000
44,000
46,000
49,000
51,000
53,500
56,500
59,000
62,000
65,500
68,500
71,500
75,500
79,500
83,000
87,500
91,500
96,500
101,000
106, 000
111,500
SURPLUS AMT.LEFT OUTSTAND.
j►.. - 412,1090,000
- 2,000,000
- 2,000,000
- 2,000,000
- 2,000,000
1,958,000
100 1,914,000
400 1,868,000
- 1,819,000
50 1,768,000
150 1,714,500
325 1,658,000
425 1,599,000
475 1,537,000
125 1,471,500
50 1,403,000
400 1,331,500
325 1,256,000
25 1,176,500
200 1,093,500
25 1,006,000
225 914,500
- 818,000
100 717,000
250 611,000
400 499,500
itei b i� : �h,. 1922 . 12 5
YEAR AMT. OUT. BAL.AVAIL.
I $142,400
28 382,500 142,425
29 269,500 142,300
30 141,000 142,325
YEAR AMT. OUT.
'r"- 02,250,000
2 2,250,000
3 2,250,000
4 2,250,000
5 2,250,000
6 2,250,000
7 2,202,500
8 2,153,000
9 2,100,500
10 2,045,500
11 1,988,000
12 1,927,000
13 1,863,500
14 1,796,500
15 1,726,500
16 1,653,000
17 1,575,500
18 1,494,500
19 1,409,000
20 1,319,500
21 1,225,500
22 1,126,500
23 1,023,000
24 914,000
25 800,000
26 680,000
27 554,000
28 421,500
29 282,500
30 137,000
YEAR AMT. OUT.
�- $2, 500, 000
2 2,500,000
3 2,500,000
4 2,500,000
5 2,500,000
6 2,500,000
7 2,447,500
8 2,392,500
9 2,334,500
10 2,274,000
11 2,210,000
12 2,143,000
13 2,073,000
14 1,999,000
15 1,921,500
16 1,840,000
17 1,754,500
18 1,664,500
19 1,570,500
20 1,471,500
21 1,367,500
22 1,258,500
23 1,144,000
24 1,023,500
25 897,500
26 765,000
27 625,500
28 479,500
29 326,000
30 164,500
YEAR AI;IT. OUT.
1 $3,000,000
2 3,0'0,000
'3 3,000,000
4 3,000,000
5 3,000,000
6 3,000,000
7 2,935,00C
8 2,867,000
9 2,795,500
10 2,720,000
TO RETIRE $2,000,000 5%
MIAMI WATER BONDS
AMORTIZATION
INT.RE . BAL.POR RET. AMT.RET.
1117,425 $117,000
19,125 123,300 123,000
13,475 128,826 128,500
7,050 135,275 135,000
TO RETIRE ,4'2, 250, 000 5%
MIAMI WATER BONDS
AMORTIZATION
BAL.AVAIL. INT.RE . BAL.FOR RET.
01.2,500 0112,En ii -
112,500 112,500 -
112,500 112,500 -
112,500 112,500 -
112,500 112,500 -
160,000 112,500 47,500
160,000 110,125 49,875
160,375 107,650 52,725
160,225 105,025 55,200
160,200 102,275 57,925
160,425 99,400 61,025
160,025 96,350 63,675
160,175 93,175 67,000
160,000 89,825 70,175
160,175 86,325 73,850
160,350 82,650 77,700
160,200 78,775 81,425
160,426 74,725 85,700
160,200 70,450 89,750
160,250 65,925 94,275
160,275 61,275 99,000
160,000 56,325 103,675
160,175 51,150 109,025
160,025 45,700 114,325
160,326 40,000 120,325
160,325 34,000 126,325
160,325 27,700 132,625
160,125 21,075 139,050
160,050 14,125 145,825
160,325 6,850 153,475
BAL.AVAIL.
125, 000
125,000
125,000
125,000
125,000
177,500
177,500
177,628
177,500
177,775
177,575
177,575
177,925
177,775
177,825
177,750
177,750
177,525
177,800
177,775
177,700
177,825
177,700
177,500
177,825
177,950
177,700
177,925
177,950
177,650
BAL.AVAIL.
150, 000
150,000
150,000
150,000
250,000
215,000
215,000
215,250
215,400
215,125
AMT.RET.
47,500
49,500
52,500
55,000
57,500
61,000
63,500
67,000
70,000
73,500
77,500
81,000
85,500
89,500
94,000
99,000
103,500
109,000
114,000
120,000
126,000
132,500
139,000
145,500
137,000
TO RETIRE 42,500,000 5%
MIAMI WATER BONDS
AMORTIZATION
INT.RE . BAL.FOR RET. ALT.RET.
5' °
125,000 - -
125,000 - -
125,000 - -
125,000 - -
125,000 52,500 52,500
122,375 55,125 55,000
119,625 58,000 58,000
116,725 60,775 60,500
113,700 64,075 64,000
110,500 67,075 67,000
107,150 70,425 70,000
103,650 74,275 74,000
99,950 77,825 77,500
96,075 81,750 81,500
92,000 85,750 85,500
87,725 90,025 90,000
83,225 94,300 94,000
78,525 99,275 99,000
73,575 104,200 104,000
68,375 109,325 109,000
62,925 114,700 114,500
57,200 120,500 120,500
51,175 126,325 126,000
44,875 132,950 132,500
38,250 139,700 139,500
31,275 146,425 146,000
23,975 153,950 153,500
16,300 161,650 161,500
8,225 169,425 164,500
TO RETIRE 43,000,000 5%
MIAMI WATER BONDS
AMORTIZATION
INT.RE4¢. bAL.FOR RET. AMT.RET.
4150,000 4 - -
150,000 -
150,000 -
150,000 -
150,000
150,000
146,750
143,350
139,775
136,000
65,000
68,250
71,900
75,625
79,125
65,000
68,000
71,600
75,500
79,000
SURPLUS.
425
300
325
SURPLUS�.._�.
37▪ 5
225
200
425
25
175
17▪ 5
350
200
425
200
250
275
175
25
325
325
325
125
50
325
16,475
1SURPLUS
25
27▪ 5
75
475
425
275
325
250
250
25
300
275
200
326
200
325
450
200
425
450
150
4,925
SURPLUS��
250
400
125
125
AMT.LE+'T OUTSTAND.
0382,500
269,500
141,000
105,000
AMT.LEFT OUTWARD.
V2,250,000
2,250,000
2,250,000
2,250,000
2,250,000
2,202,500
2,153,000
2,100,500
2,045,500
1,988,000
1,927,000
1,863,500
1,796,500
1,726,500
1,653,000
1,575,500
1,494,500
1,409,000
1,319,500
1,225,500
1,126,500
1,023,000
914,000
800,000
680,000
554,000
421,500
282,500
137,000
Mb
AMT.LEP'T OUTSTAND.
§2,500,000
2,500,000
2,500,000
2,500,000
2,500,000
2,447,500
2,392,500
2,334,500
2,274,000
2,210,000
2,143,000
2,973,000
1,999,000
1,921,500
1,840,000
1,754,500
1,664,500
1,570,500
1,471,600
1,367,500
1,258,500
1,144,000
1,023,500
897,500
765,000
625,500
479,500
526,000
164,500
BAL.L1 'T OUT..
*3,000,000
3,000,000
3,000,000
3,000,000
3,000,000
2,935,000
2,867,000
2,795,500
2,720,000
2,641,000
Deoember 12th, 1922.
YEAR AMT. OUT.
11 $2,641,000
12 2,558,000
13 2,471,000
14 2,379,500
15 2,283,500
16 2,183,000
17 2,077,000
18 1,966,000
19 1,849,000
20 1,726,500
21 1,598,000
22 1,463,000
23 1,321,000
24 1,172,000
26 1,015,500
26 851,500
27 679,000
28 498,000
29 308,000
30 108,000
BAL.AVAIL. INT.REQ.
1216,125 4132,050
215,075 127,900
215,175 123,550
215,125 118,975
215,150 114,175
215,470 109,150
215,320 103,850
215,470 98,300
215,170 92,450
215,220 86,325
215,395 79,900
215,495 73,150
216,345 66,050
215,295 58,600
215,195 50,775
215,420 42,575
215,345 33,950
215,395 24,900
215,495 15,400
215,095 5,400
REQUEST FOR SIDEWALKS
Communication from Thos. M
Third Avenue was received,
the said communication was
the request that he report
C01,IIIUNICATION FR011 J0E CONRAD
AVAIL.FOR RET. AMT. RET. SURPLUS BAL.LEPT OUT.
$83,075 03,000 # 175 $2,558,000
67,175 87,000 175 2,471,000
91,625 91,500 125 2,379,500
96,150 96,000 150 2,283,500
100,970 100,500 470 2,183,000
106,320 106,000 320 2,077,000
111,470 111,000 470 1,966,000
117,170 117,000 170 1,849,000
122,720 122,500 220 1,726,500
128,895 128,500 395 1,598,000
136,495 135,000 495 1,463,000
142,345 142,000 346 1,321,000
149,295 149,000 295 1,172,000
156,695 156,500 195 1,016,500
164,420 164,000 420 851,500
172,845 172,500 345 679,000
181,395 181,000 395 498,000
190,495 190,000 495 308,000
200,095 200,000 95 108,000
210,695 108,000 102,695
ON
ON N. E. THIRD AVENUE
. Worden and others in reference to sidewalks on 11. E.
and on motion of J. E. Lummus, seconded by J. I. Wilson,
referred to the City Manager for investigation and with
the results thereof to the City Commission.
IN RE WIDENING OF STREET
Communication from Joe Conrad in reference to opening of S. W. 7th Street was re-
ceived. Said oamuminicst.i.on was addressed to the City Manager and under date of
November 29. After some discussion among the members of the Commission the matter
was referred to the City Manager with the request that he have Mr. Conrad furnish
the City with an Abstract of Title to the property referred to in the conununioation
and that the said Abstract then be submitted to the City Attorney for his report
back to the Commission.
REQUEST FOR WIDENING OF S. MIAMI AVENUE BY C. J., HOLLEL1AN AND P. A. HENDERSON
Mr. C. J. Holleman and P. A. Henderson appeared before the Commission and request-
ed that Miami Avenue South be widened from Eighteenth Road South to the Deering
Estate. 1.ir. Holleman stated that he would be willing to give the land necessary
thru his property for the widening of the said street if the City would agree to
give the necessary land through the City Park at Eighteenth Road and S. Miami Ave.
The matter was discussed at some length, but no action taken.
ADJOURNI,ZENT
12:15 P. M.
At 12:15 p. m., there being no further business to come before the Board at this
meeting, on motion of J. I. Wilson, seconded by E. C. Romfh, the meeting was ads
journed.
ATTEST:
CITY OF MIAMI
DOCUMENT
MEETING DATE:
INDEX
December 12, 1922
ITEM NO.
1
2
3
4
5
6
DOCUMENT IDENTIFICATION
AUTHORIZING PURCHASE OF ADDITIONAL PUMPS FOR SEWAGE
DISPOSAL PLANT
AUTHORIZING ERECTION OF SHED AT CITY DOCKS AT COST
OF $3,300.00
AUTHORIZING EXECUTION OF CONTRACT BETWEEN CITY AND
ELLIOTT-LEVAN CO.
AUTHORIZING CONSTRUCTION OF PASSENGER SHELTER AT CITY
DOCKS AT COST OF $6,500.00
AUTHORIZING TRANSFER OF $1,500.00 IN FIRE DEPARTMENT
AUTHORIZING CHANGE IN PLANS OF WAREHOUSE 3 AT CITY DOCKS
AT AN ADDITIONAL COST OF $9,646.35
COMMISSION 1 RETRIEVAL
ACTION COOE NO.
R-583
R-584
R-585
R-586
R-587
R-588
00583
00584
00585
00586
00587
00588