HomeMy WebLinkAboutR-02659RESOLUTION NO. 2659.
A REaOLUTIOIt AUTHORIZING THE CITY MANAGER TO
EXECUTE FOR AND ON BEHALF OF THE CITY OF MIAMI
THREE (3) CERTIFICATES OF INDEBTEDNESS HEREIN-
AFTER DESCRIBED AND SET FORTH IN FAVOR OF TWP
I.E. 3RD AVENUE COMPANY.
WHLliEAS, the City Attorney has reported that in the condemna-
tion proceedings instituted by the City for the opening and widening
of N.E. 3rd Avenue that an award of $25,000.00 has been made In the
case of City of Miami vs. Agnew Welsh and Cora E. Welsh, his wife,
an award of ;;t51,7b0.00 in the case of City of Miami vs. Elizabeth
Cushman and A. J. Cushman, her huspand and an award of $91,500.00
in the case of City of Miami vs. Elizabeth G. Dorn, and
WHEREAS, under the agreement with the N.B. 3rd Avenue Company,
the said Company is to advance to the City of Miami the cash necessary
to pay the condemnation awards made in the opening and widening of
I.E. 3rd Avenue, which said advances are to be repaid at such time and
under such rates and terms and conditions as set forth in said agree-
ment dated April 12th, 1926,
i4-0, Tii i EFOIiE, BE II RESOLVED BY THE COYMISSIO QT THE CITY
O I:IJd I:
That the City kanager be, and he is hereby, authorized and di-
rected to execute for and on behalf of the City of Miami three(3)
Certificates of Indebtedness in the following form:
(a) . I; a . 1. . 25.000.00
u,I,nia.I , r'LO�:ID3.
April 29th, 1926.
The City of ki+.r:hi , Florida, hereby ac,uJowledges it
is indebted to Third :;venue Company, a corporation cre-
ated grid existing, under the lags of tie state of Florida,
in the sum of Twenty-five Thousand (ti L0 , 000. 00) Dollars,
this day advanced in cash by said Jomran,, to said City
in accordance :rith the terms of a contract between said
omlany and said city dated Arril 12th, 13 6, copy of
which said contract is heretc attached.
Said sum of 5,030.00 Js to be used by said City
ior the purposes set out in i aracrapns four and five of
said contract; and said City of Miami hereby premises
z.iid binds itself to pay said suit. of ,000.00 to said
Third .venue company, with interest tbereon from thje
date until paid, in accordance with the terms of said
contract; time of payment of principal, rate and terms
of payment of interest, aid all conditions u..c er which
this indebtedness has arisen, and is to be disc!larLed,
being fully set out in said contract, wl,ici, le MAAP E:_y)n ;y,1
a part hereof. -' '-J'•\ i i \ L
L»)CLlMEt\ I S
FOLLO7i"
In testimony whereof said. City of Miami, by
proper resolution of its Commission, has (mused
its name to be eigned hereto by F. H. Wharton its
City Manager, this 29th day of April, 1926.
By:
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CITY OF MIA1CLI ,
(.11..y Manager.
The above and foregoing Certificate of Indebtedness is given for and
represents the award by the jury in the case of the The City of Mlami.
V. Agnew Welsh and. Cora E. Welsh, his wife.
(b). No. 2. 151,750.00
MIAMI, FLORIDA
April 29th, 1926.
The City of M ami, Florida, hereby acknowledges it
13 indebted to Third Avenue Company, a corporation ore-
ated and existing under the lawa of the State of Florida,
in the sum of Fifty-one Thousand Seven Hundred Fifty
(.51,750.00) Dollars, this day advanced in cash by said
company to said city in accordance with the terms of a
contract between said company and said city dated April
12th, 1926, copy of which said contract is hereto attached.
.aid sum of 051,750.00 is to be used by said city for
the purposes set out in paragraphs four and five of said
contract; and said City of,i,,iami hereby promises and binds
''self to pay said 61,11a of .51,750.00 to said Third Avenue
Company, with interest thereon from this date until paid,
ill accordance witn the torn cs of ii contract; time of
paylont of principal, rate and terms of payment of interest,
and all conditions under which this indebtedness has arisen,
anl is to be discharged, being fully set oat in said con-
tract, which is made a part hereof.
In testimony whereof said. City of k.iami, by proper
resolution of it3 .:omILission, has caused its name to
be sined hereto by Venarton its it Li.A.n1„c'er, this
r of April, 1-J26.
ILL .i
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of payment of principal, rate and terms of payment
of interest., and all conditions under which this.
indebtedness has arisen, and is to be discharged,
being fully set out in said oontrSat., which is made
a part hereof.
In testimony whereof said. City of Miami, by
proper resolution of its commission, has oaused its
name to be signed hereto by F. H. Wharton its City
Manager, thia 29th day of April, 1926.
CITY OF MIAMI
BY:
City Manager,
The above and foregoing Certificate Of Indebtedness is given for
and repreaent8 the award by the jury in the case of The City of
Miami vs. Elizabeth G. Dorn.
PASSED AND ADOPT thia 29th day of April, A. D. 1926.
ATTEST:
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CITY COMMISSION
MEETING OF
APR ? i - L-
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RE50LUT QN NU.... t ,
REMARKS;