82-17193 RESOLUTION NO. 82-17193
RESOLUTION DIRECTING SUCH ACTION AS IS NECESSARY
TO EFFECT THE SALE AND ISSUANCE BY THE CITY OF
$6,000, 000 PARKING REVENUE BONDS PREVIOUSLY
AUTHORIZED; AUTHORIZING OFFICIALS OF THE CITY TO
TAKE ALL ACTION NECESSARY IN CONNECTION WITH THE
SALE OF SUCH BONDS; AND PROVIDING AND EFFECTIVE
DATE.
WHEREAS, on October 19, 1978, the City Commission
(the "Commission") of the City of Miami Beach, Florida (the
"City" ) passed and adopted Resolution No. 78-15748 (the
"Resolution") authorizing the issuance of $6, 000, 000 Parking
Revenue Bonds , Series 1979 (the "Bonds") for the purpose of
paying part of the cost of acquiring additional automobile
parking facilities and of equipping and improving parking
facilities for the City, (automobile parking facilities for the
purposes of the Resolution being defined as any lot or lots,
buildings and structures, above, at or below the surface of the
street or earth, either on the street or off the street, or
both, including parking meters, equipment, entrances, exits,
fencing and all other accessories necessary or desirable for
the regulation, control and parking of vehicles, either on the
street or off the street) , including reimbursement of the City
for expenditures previously made by the City for said
facilities, all of which facilities shall comprise part of "the
system" as defined in Section 4 of Resolution No. 11410 adopted
by the Commission on April 7, 1965; and
WHEREAS, the Bonds have never been issued; and
WHEREAS, the Commission hereby determines that there
is a shortage of automobile parking facilities 'within the City
and therefore desires to proceed with the issuance and sale of
the Bonds in order to pay part of the cost of acquiring
additional parking facilities as described above; and
WHEREAS, the Commission recognizes that certain
action must be taken and certain documentation must be prepared
prior to the sale and issuance of the Bonds; and
WHEREAS, the Commission desires to effect the sale
and issuance of the Bonds as expeditiously as possible;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION
OF THE CITY OF MIAMI BEACH, FLORIDA:
Section 1 . Direction to Proceed. Morgan, Lewis &
Bockius of Miami and Philadelphia, as Bond Counsel, and Dean
Witter Reynolds, Inc. , as Financial Consultant, are hereby
directed to take such action and prepare such documentation as
each of them deems necessary to assist the City in effecting
the sale and issuance of the Bonds , as expeditiously as
possible.
Section 2. Authorization of City Action. The Mayor,
the City Clerk or City Finance Director and other appropriate
employees and officials of the City are hereby authorized and
directed to take all action necessary or desirable in
connection with the issuance and sale of the Bonds and the
consummation of all transactions in connection therewith.
Section 3. Effective Date. This resolution shall
take effect immediately upon its adoption.
PASSED AND ADOPTED THIS 17th day of November,
1982.
OR
ATTEST:
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City Clerk
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By
Date
STATE OF FLORIDA
COUNTY OF DADE:
I, Elaine Matthews, City Clerk of the City of Miami
Beach, Florida, do hereby certify that the above and foregoing
is a true and correct copy of Resolution No. 82-17193 , duly
passed and adopted by the City Commission of the City of Miami
Beach at a regular meeting duly held and convened on the 17th
day of November, 1982 and that said resolution is in full force
and effect, without amendment, on the date hereof.
IN WITNESS WHEREOF, I have hereunto set my hand and
the officialAseal of the City of Miami Beach, Florida, this
/9 1 day of )7d04r,„ke ./ , 1982.
L�f%u�li,(irt)c)(SEAL)
City Clerk