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Home My WebLink AboutR-00817CITY COMMISSION KEYING OF JUL 17 —/q,23 swim la ...••••••.............. e•• . "DOCUMENT INDEX " ITEM NO. kJUPPOR'iiVE DOCUMENTS FOLLOW" RESOLUTION No. A RESOLUTION PROVIDING FOR THE IMPROVEMENT. HONDS, SERIES "U". ihHEREAS certain highway and sidewalk "i iprottementi"htve been ordered by resolutions duly passed by the City Cottiiisic under Section 56 of the Charter, and such resolutions have been duly confirmed by the City Commission after advertise-. ment published in accordance with the charter, and after due estimates made by the City Manager of the cost -of each of suoh improvements and of the incidental expenses thereunto appertaining; and ti"HEREAS contracts have been duly let after due public advertisement, for the construction of -the said improvements, and it is deemed necessary immediately to issue bonds of the City to pay a portion of the costs of said improvements as hereinafter set forth; and rHEREAS the following diagram contains a true statement in its several colums of the following facts: Column 1: The designation of each improvement, the letter H indicating a highway improvement and the letters Sk indicating a sidewalk • improvement. Column 2: The number of the resolution ordering each improvement. Column 3: The date of confirmation of eaoh resolution ordering an improvement. Column 4: The City 14ana6erls estiaate of the incidental expenses connected with each improvement. ,.......� Column 5: The cost, or portion of cost, for which bonds are to be issued for each improvement under this resolution in addition to the cost of incidental expenses, the figures in column 5 being in every case the amount of the oon- tractprice exclud*ne incidental expenses, Atis of- lath SOC-itait sidisalk loproveasitts d7 *. it sett . iut thrills : s ioi#3 sd ils�srov 4 t(t t i it UPPO DOCUMENTS of post, the amounts • of suet:, ertisrrt+e FOLLOW" of said Vase oases being less thillt. oonttaot octets.. Improve-' Reec lu- Confirmation iaoidezitale► B went Lion oid4ntald._ H 190 741 May 8, 1923 $3 95. 00 $4, 291.00 ; H 191 644 March 20, 1923 123.07 2,012.4.0 H 192 660 April 3, 1933 400.00 6,389.24 H 193 715 April 17, 1923 4,058.78 34, 568.15 H 194 861 April 3, 1923 5,622.40 48, 256.31 H 195 662 April 3, 1923 26,143.34 223, 665.80 H 196 663 April 3, 1983 16, 427.55 179,062.81 H 19? 664 April 3, 1933 1, 225.53 13, 307.80 H 198 665 Apr i l 3, 1923 2,212.18 23, 742.33 H 199 666 April 3, 1923 3, 982.12 40, 825.24 H 200 667 April 3, 1923 2, 212.59 23, 005.05 H 201 668 April 3, 1923 727.72 7,730.21 H 202 669 April 3, 1923 316.80 3.384.94 H 203 670 April 3, 1923 2, 095.73 22, 576.28 H 204 721 April 24, 1923 1,424.87 14, 248.70 Sk 37 671 April 3, 1923 14, 358.40 143, 584.00 Sk 38 372 April 3, 1923 350.00 3, 500.00 Sk 39 673 April 3, 1923 422.50 3,520,80 Sk 40 753 May 22, 1923 154.00 1,507.38 Sk 42 755 May 22s, 1923 193.05 1, 891.50 Sk 43 756 )Iay 22, 1923 400.40 3, 922.68 6k 44 757 May 22, 1923 384.75 3, 455. 20 TOTALS $83, 630.78 $808.485,48 ae in no vase been .leas than the amounts reapeativel given in the fifth column above; and „ THER A.S the oast of inoi'dental expenses has in na 'aaae been lees than the City Manager's estivate thereof in' fourth column above; and WHEREAS no special assessments have as yet been riide .for any of said improvements but such assessments .will be hereafter made and will then be sub jest to -no pledge 'hr;api cation other than to the payment of the bonds herein authorized.; and the interest thereon, as hereinafter in this resolution provided; NOT, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI2 Section 1. That in order to pay that portion or entirely, as set forth in the fifth column of the diagram contained in the preambles of this resolution, of the cost of each and every improvement therein specified, as well as to pay the cost of the incidental expenses in connection with each of said irriprovermente, and to reimburse any city fund or funds from which a portion of such cost has been paid or shall be paid before the receipt of the proceeds of the bonds herein authorized, there shall be issued the negotiable coupon bcnie of the City of Mia::i in the aggregate amount of S892, 000, th : proceeds of which shall be applied to said costs and incidental ex-censes, r.roport1onini, the sa:ie to each in:prove:::ent in accordance with the figures set forth in columns fo;.z, and five of said dia6ram. "SUPPORTIVE Section 2. That said bonds shall be designated as DOCUMENTS prov emert Bonds, Series 73" and ^:i.: 1 e dated July 1, FO{ LO P1523, and shall ocrsis.t 8c=2 conas of .:1, 0.a0 `!L '✓ nu t erect frc;c 1;11 to 280E., both: i::cl : _v e, and bear interest at a rate to be here.after deter.._ned not :,>eea a r: six 1..er c enturn per anrum, i:ayabl s e.:.1-ar.nual ly cr. The first days of anraary andu1' ooi r ona to be ivttaohed .t'b s td.lbonidts, lboth: pr 'n interest to be payable ingpld coin of the United:SW the present, standard of *eight and lineneit at the U ' States Mortgage' & Trust Company, in the --City of. New To • Section S. That the .said bonds shall mature option of prior payment, on July' 1 annuallyas fo10!04 $ 121. 000. 00 1925, $ 112,Q00.90 1926, $ 113. 000.00 • $ 72.000..00 1928,4 89 00Q.O0 1929, $ 90.000 00 i $ 103. 0000 00 1931, IL , 80000. 00 1938, 4. -1121- 300 OO in numerical order, lowest. numbers first. Section 4. That said bonds shall be signed by=:the Mayor and City Clerk and attested by the Director of Finanoe: and sealed with the City seal, and the coupons annexed -thereto shall be signed by said Clerk, whose signature may be in facsimile; and the form of said bonds shall be in accordance with the forin provided by resolution No. 53, passed October 11, 1921. Section 5. That the principal and interest of all special assessments levied for the improvements hereinabove mentioned, shall be placed in a special fund which is hereby created, to be known as "Special Assessment U Fund", and said fund and said assessment shall be used for no other purpose than for the payment of the principal and interest of the bonds herein authorized. Section C. That notwithstanding the foregoing pro- vis .ons for the segregation of special assese:nents for the i ay.:.ent of the bonds herein e.uthor .zed and inte_ est, the N =nLi . C.L r. 1 and interest of said bonds shall be -payable from � �,L w.� 6e eral taxation •4on all the taxable property ofh_ The City o.. ui. + a�' .rovid rL by �'`+o�i t' cn ofy. .. cthe or�art.eiy�now in u;_ �, :• ce a::,. we t s:on for such levy eha' l be :ale in eaoh year while the bond: e_ e:.n authorized o a: ; be outstanding. "SUPPORTIVE DOCUMENTS FOLLOW" I4uI1II .z. • f!. Odbjeot to 000ttroatiob th 104stotto Tots t tbi PASUD AU ADOPT= this 1?th day Oir' • • 4 1, • • • • • • .4.; • • . •