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Home My WebLink AboutO-08034ORDINANCE NO. 8°34 AN ORDINANCE AUTHORIZING THE ISSUANCE. SUBJECT TO: Tt E EN, MON t1EREIN PROVIDED P R or : .._39 89,0 00q, 0 :; :. PARK AND RECREATIONAL, FACILITIES BONDS OR: T CIS. DP MIAMI , FLORIDA, FOR THE PURPOSE OF MIN THE COST, TOGETHER WITH ANY ; OTHER AVAILABLE FUNDS, OP ACQUIRING, CONSTRUCTING, DEVELOP* ING, EXTENDING, ENLARGING AND. IMPROVING PUBLIC' PARK AND RECREATIONAL, FACILITIESIN THE CITY OF MIAMY, INCLUDING FACILITIES PROPERLY' APPURTENANT THERETO, THE ACQUISITION . OF LAND FOR THE CONSTRUCTION, DEVELOPMENT, EXTENSION, ENLARGEMENT OR IMPROVEMENT OF SUCH FACILITIES, THE IMPROVEMENT AND FILLING OP LAND FOR SUCH PURPOSES, AND THE ACQUISITION OF EQUIPMENT; PROVIDING THAT THIS ORDINANCE SHALL GO INTO EFFECT IMMEDIATELY, UPON ITS PASSAGE; AND DISPENSING WITH THE READING OF THIS ORDI- NANCE ON TWO SEPARATE DAYS BY A. VOTE OF, NOT LESS THAN FOUR -FIFTHS OF THE COMMISSION.. BE IT ORDAINED BY THE COMMISSION OF THE CITY OF MIAMI, FLORIDA: Section 1. For the purpose of paying the cost, together with any other available funds, of acquiring, constructing, developing, extending, enlarging and im- proving public PARK AND RECREATIONAL FACILITIES in the City of Miami, including facilities properly appurtenant on of land for the construction. thereto, the acquisition r►etr , development, extension, enlargement or improvement of, such facilities, the improvement and filling of land for such purposes, and the acquisition of equipment, there shall be issued under the authority of the City Charter, as amended, subject to the ei.ectien hereinafter pre' �lded for bonds Of The City of Miami ih ar0 aggregat€ Orincipal a fount net citceedirtg T.hir.t 1nine_ Million Ei. _ht Hundt.ed ..ninet ($29 UgJU6bb.Ob)such bonds to be .issued at one time or froth time to time and to mature as follOwat Principal Years after Principal `Yeats after unt bate, or. Dates �,tnount_.. �. Date._br �ate_s Amo 2 $ 14 $ 1,665,O00 1.6C000 3 $ _16 OQO 15 $"'IJAL —fib 16 $ l y bb5, __ 5 $ I,G,._ GSA--000 17 1,665,000. 20 1,fiG�i,t100 18 $ 7 $ 1,GG5,000 19 1,665.b00 8 $ 1, Gf__5,_000 20 $. J 66 9 $ 1 .1 000 21 $�.1.665.000 1,G 5G 000 1 66�000 101 $ 00 23 $ 1�6 0 11 $ 1 G_ _s, 6_. 52_._-- 1,665,000 12 $ ,665,000 24 $.---- 13 $ 1,6 65--- ,000 25 $ 1_____595,000 it being estimated and declared by the City Commission that the probable life of said land is more than twenty- five (25) years after the acquisition thereof. Such bonds shall he in the denomination of $5,000 each and shall bear interest at a rate or rates not exceeding seven and one-half per centum (7-1/2%) pe annum, such interest being payable semi-annually, and P both the principal of and the interest on such bonds shall be payable at a bank or trust company in theBorough of Manhattan, City and State of New York, or at a bank or trust company in the City of Chicago, Illinois, or at a bank or trust company in The City of Miami, Florida, at the Option of the holder or registered owner. thoubafd Debars The City commission reserves the right tb maka all or a part of ouch bands redeemable prior tc their rasped- Live' maturities at such tines and pri`ce's and under auoh terms .arid conditions as may be fixed by resolution prior to the sale of the bends. Seetion 2. 'Pot 'the prompt payment of the principal of and the interest on such bonds, there shall be levied and collected annually a special tax upon all taxable property within the City, over and above all other taxes; authorized to be levied by The City of Miami,- sufficient to pay such' principal and interest as the same respectively become due and payable. Section 3. A special election is hereby called to be held on the 14th day of March, 1972, for the purpose of submitting to the electors of the City, authorized by law to participate in such election' the question whether such bonds shall be issued. The question to appear on the ;ballot to be used in said special bond election shall read as follows: "SHALL ;BONDS OF T}IE CITY OF MIAMI, FLORIDA, IN AN AGGREGATE PRINCIPAL AMOUNT, NOT EXCEED-, ING BE' VISIONS: OF ORDINANCE UNDER THE PRO- �♦ NO. 8034+ FOR THE PURPOSE OF PROVIDING FUNDS TOGETHER WITH .ANY OTHER AVAILABLEFUNDS ,TO: PAY THE COST -OF. ACQUIRING,, CONSTRUCTING, DEVELOPING, EXTENDING, ENLARGING, FILLING AND IMPROVING PUBLIC PARK AND RECREA=. TIONAL FACILITIES IN THE ''CITY: OF MIAMI, `:`SUCH BONDS TO BE ISSUED AT ONE TIME, OR: FROM TIME TO' TIME AND TO MATURE IN ANNUAL INSTALLMENTS 2`TO 25 YEARS INCLUSIVE, AFTER THE DATE OR DATES OF THE' BONDS TO BEAR INTEREST NOT EXCEEDING 7 L/2% , PER ANNUM, AND TO.BE PAYABLE FROM U) LIMITED . AD VALOREM TAXES 7" Section 4► Pursuant to etti n'56 di the Chartir of the City► this ordinance shall qo intOeffeqiimMedii. tely upon its passage and shal.'nett be subleot tb the right of referendum. Seetion 5. The require ner t of reading this ordi- nance on two separate days is hereby dispensed with by a vote of not less than four -fifths of the members ,of the Commission. PASSED AN 20th � -- - - day of AND ADOPTED this' ,._. __. .. _.•.-- January (2) , 1972. H. D. SOUTHERN CITY CLERK (s) DAVID T. KENNEDY MAYOR . I,, ' *t 0 2 a f..11, ?• w tval . (w. ...:1G' - COpa Q f ._',., :! t:rar3, ''or,,r,.. ,,,r Qr:`.. r :,..) .Y.'.4•; r + •+.o'. at the .;• ' ppoox of t:' a }(;N;1 . C:C „w.r y 0,0127:t .. ."':1.«"..p;' -e.t, she Illac - provided. for zotd b/yore a,r n,-.1y 7 J.. by nt 4ac11'4 oa a !^rr• coat;; t9 tt��,; T11 . :'"`:t t•; ;: .,.. Wit' Mgr, I.". / i;.? £+.d 41«.1 . ' .0 t Ci c i.i'. l - !`r.' 0'ti1 of u..- { i y ; 2,, 4 r�';� - ' E ‘t-"L` q [� ..01.t7 h,''r,t ,t. r}.rr r.. rrr,/ in..,,.i w4,, .1�r,.lr�j i,.s ,'• A �A 19 7 *,t!•te.t► !!H r•rlr.+.rr, e.r.l , ♦,•*,lry,Itll ttl!„r+• j •A ^RqK t ,.ARV i.. Inn Mien{ grit mytAgtillb .bA1L MIAM1- bA£st ttbiRibA A 'A'rt b ' ` tiRM COUNT? or $ASE: flat61e the ti'titiersir hed authority peTsanally apa geared Mattifi A; gteitil9erig, who to tt bath says that lie 'is Glas ifie lfilke 1V.na ei of The Miarni Herz old, adaily ttdilispaoe% published at Miaftii it bade dount i, Florida; that the attaeliecl copy of advetr= ti§e1 tetlt, being a .. , , ,, . , .... , _ .. + the tttatter of ..... " .. . , Cotttt, was iiublished in said. ttewsparier .tt the issues of January 26 1072 Affiant further says that the said The .v iatri Herald is a newspaper published at iv ian' i, in the said Dade County, Florida, and that the said news- paper has heretofore been continuously published in said Dade County-, Florida, each day and has been entered ,as second, class rrtail natter at the post of- fice in said Dade County, Florida, for a period of one year next preceding the first publica- tion of theattached copy of advertiserr ertt; and af- fiant further says that he has neither paid nor prom iced any person, firn- or corporation any dis- count, rebate, Corr n- ission or refund for the pur• pose of securing this advertiserr ent for publication in the said newspaper. /.1.10-".Ck" . "74:: Sworn to and subscribed before n• e this ...., . .... . day of ... cti�.. A.D. 19 . . :fit ! �.. : )'.d-c--(-- — NO1, nJ .LIC STAME Of FLOR:O.9• itr tARGr MY COMhol 5IOM EXPIRES f.....;CH 12, 1973 r y conar ission expires ...... RID.Ep THRU FRED. V.. DIESTELHDiRST Ab1�t'a W I lia fhei thsoth die, ettai , $7tne !lttdadoiit6dinhc ,tttneA A, 6itb�NANce AUfH6it�ZINly FHL ISSU ANC SU JE_C T E LECT10N H REl Pj� VIDEO OR OP #39 PARE( :AND REC ,OP PACILiT IES BON' S, oP T E t tY OP AMI FLORIIDA, POR TN PURPOSE 0 PAYING -THE COS v ;TObE E trutp! 144. brcotailt�ti�s�+ STrRUCc+ING,.. bEVELOPIN TENDING. ENLARGING AN0 {' OUUU PROVING FOLIC, AiN RECREATIONAL ppHOTTHE CIYF MtAMIUDtN TENANT TtI Efit' STNgreN, EV}La0 AS M 1. T N ION ENLARGEMENT: bk IM• I PROVEMENt OF SUC .` itACILI TIES,H IMPROVE T AN FILLING,_OP,'LAN O• SUCH TinN iFFS,.. �j D N Tell WON` 7GHdA'tTEG THIS N� tiRvAtELY uPON I�TTO S.PAs AGEt A DRSP THIS IINORDIN SICk ••RpENi1D N SEPARATE DAYS Y_A VOTT O NOT LESS TH ,N UR+PIPTHts T E C MMIS%%ON• w tch It deato a ed ONdtnahti: NO. 80 1 N. b' Sb 1`N RN tiro of mioli, LORIDA JnnunrV TA, 1972 MINA= Nos PW .. AN WINANCE AUTHORItING THE ISSUANCE, SUBJECT TO TH- E pc-- E IN PROVIDED FOR , OF $'.� V _ PARK AND RECREATIONAL:PACILIirES BONDS OP THE CITY OF MIAMI, FLORIDA, ?OR THE PURPOSE OF PAYING THE COST,' TOGETHER WITH ANY OTHER AVAILABLE FUNDS, OF ACQUIRING, CONSTRUCTING, DEVELOP= ING, EXTENDING, ENLARGING'AND'IMpROVING PUBLIC PARK AND RECREATIONAL FACILITIES IN THE CITY OF MIAMI, INCLUDING FACILITIES PROPERLY. APPURTENANT THERETO, THE ACQUISITION OP LAND FOR TflE'CONSTRUCTION, DEVELOPMENT, EXTENSION, ENLARGEMENT OR IMPROVEMENT OF SUCH FACILITIES, THE IMPROVEMENT AND, FILLING OF LAND FOR SUCH PURPOS ES, , AND THE ACQUISITION OF EQUIPMENT ; PROVIDING THAT THIS ORDINANCE SHALL GO ,INTO 'EFFECT IMMEDIATELY UPON ITS PASSAGE; AND DISPENSING WITH THE READING OF THIS ORDI- NANCE ON TWO SEPARATE DAYS BY A VOTE OF NOT LESS THAN FOUR -FIFTHS OF THE COMMISSION. ' BE IT ORDAINED BY THE COMMISSION OF THE CITY OF MIAMI, FLORIDA: Section 1. For the purpose of paying the cost, together with any other available funds, of acquiring,. constructing, developing, extending, enlarging and im- proving public PARK AND RECREATIONAL FACILITIES in the City of Miami, including facilities properly appurtenant thereto, the acquisition of land for the construction, development, extension, enlargement or improvement of such facilities, the improvement and filling of land for such purposes, and the acquisition of equipment, there shall be issued under the authority of the city Charter, as amended, aub5ect to the election hereinafter pro- vided for, bot'kde of The City of Miami h aT a51gregate principal amount not egceedding thoU9Mnd Th tt mine_MilliOnt :. iAht HUhd !ed_hihet boliar5 ($,1g, 0)000such bohde to be ietued at one time' or front time to time and to ttitatUre as followai Years after Date .or bates 4 5 6 7 8 9 10 11 12 13 Principal "Years after principal .Amount__._ Mt-6 or Dates' Atttoutit _... $-1,665.,000 14 $ . 1,6t;5,000 $:1,665.,000 15 $_ 13665;000 ' $, 1,665 4000 16 $: - 1,665,000 $ 1,665,000 17 $. t,665,000 $1,665,000 18 $_ 1,665,000 $ 1,665,000 19.: $. 1,665,000 $ 1;665,000 20 $ 1,665,000 $ 1.665,000 21 $ 1.665.000 $ 1,665,000 22 $' 1.665;000 $ 1,665,000 23 $ 1,665,000 $ 1,665,000 24. $ 1,665,000 $ 1,665,000 25 $ 1.595,000 it being estimated and declared by the City Commission that the probable life of said land is more than twenty- five (25) years after the acquisition thereof. Such bonds shall be in the denomination of $5,000 each and shall bear interest at a rate or rates not exceeding seven and one-half per centum (7-1/2%).per annum, such interest being payable semi-annually, and both the principal of and the interest on such bonds shall be payable at a bank or trust company in the. Borough of Manhattan, City and State of New York, or at a bank or trust company in the City of Chicago, Illinois, or at a bank or trust company in The City of Miami, Florida, at the option of the holder or re9istored owner. The City edMMisslon teadtVes the ri'cht to Make ail or a part of suoh bonds tedee fable prior 'to their f'es15eCw tiVO maturities at guch times and prices 'and under Such teens and conditions as may be fiXed by resolution prior to the sale of the bonds Section 2. ror . the prompt 'payment of the pr'iriciipal of and the interest on such bonds, there shall be levied and collected annually a special tac upon.all taxable property' Within the City, over and above all other taxes authorized to be levied by The City Of Miami, sufficient to- , pay such principal and interest'as the same respectively become due and payable. Section 3. 'A special election is hereby called to be held on the 14th day of March, 1972, for the purpose of submitting to' the electors of the City authorized by law to participate in such election the question whether such bonds shall be issued.' The question to appear on the ballot to be used 'in said special bond election shall read as follows: "SHALL.BONDS'OF THE CITY OF MIAMI,'FLORIDA, IN.AN:AGGREGATE PRINCIPAL AMOUNT'NOT EXCEED ING $39,890,000. BE ISSUED UNDER THE.PRO- VISIONS'OF ORDINANCE NO.8031} FOR. THE PURPOSE, OF PROVIDING FUNDVTOGETHER WITH ANY OTHER AVAILABLE FUNDS TO PAY THE COST.OF;ACQUIRING, CONSTRUCTING, DEVELOPING,' EXTENDING, ENLARGING, FILLING AND IMPROVING PUBLIC PARK AND RECREA=- TIONAL:FACILITIES IN THE CITY OF MIAMI, SUCH BONDS TO.BE ISSUED AT ONTIMPRFROMTITO TIME AND. TO.MATURE IN ANNUAL -INSTALLMENTS '2 T° 25 YEARS INCLUSIVE, A.FTER'THE.DAT OR'DATESOF THE BONDS, TO BEAR INTEREST NOT EXCEEDING 7-1/2%'PER ANNUM,'AND TO BE PAYABLE FROM UN= LIMITED AD VALOREM TAXES?". - Section 4. i34siiant.tei Section 58 of th6 dhartbr, of the'pityi this srdiiiance_sha11 .qe in effect IMMadi' ate.y tipon iti passage and shall not be siibjeet t`o the right ,of .refe encium. Section S . The regtiiiretiient of reading this ordi lance on two sepa>:`ate days. is hereby dispensed with by a t7Ote of i`iot less than. four -fifths of the members of the, Commission. PASSED AND ADOPTED this day of 1972. DAVID T. KENNEDY MAYOR H. D. SOUTHERN CITY CLERK PREPARED AND APPROVED BY: JACK R. RICE,JR. Assistant Director of Law APPROVED AS TO FORM AND CORRECTNESS: ALAN H. ROTHSTEIN city Attorney