Resolution 6428 RESOLUTION NO. 6428
WHEREAS, BESSEMER PROPERTIES, INCORPORATED, has offered
to sell to the City of Miami Beach, Florida, those certain
parcels of land situate, lying and being in Miami Beach, Dade
County, Florida, to-wit:
Lots 20, 21, 22, 23 and 24 of Block 111
of OCEAN BEACH ADDITION NO. 3, according
to the Plat thereof, recorded in Plat
Book 2, at page 81, of the Public Records
of Dade County, Florida,
for the sum of $,y120,000.00, payable as follows:
Cash at the time of closing of the transaction
hereby contemplated $35,000.00
Four certificates of indebtedness, each
in the sum of $21,250.00, and maturing
1, 2, 3 and 4 years from date, respec-
tively, bearing interest at the rate of
3% per annum, payable semi-annually, and
aggregating the sum of 85,000.00
The conveyance from Bessemer Properties, Incorporated, to
said City to be by good and sufficient special warranty deed,
(it being understood that Bessemer' s title was obtained from
its immediate grantor by a deed containing full covenants of
warranty) and subject only to taxes for the year 1947 (which
are to be pro-rated as of the date of this resolution) , and
zoning ordinances of the City of Miami_ Beach, Florida; lease
to Alton Boat Company, Inc. , covering the period extending
from October 1, 1946, to October 1, 1951; and month to month
lease to H. Nicholson, and to the right of said H. Nicholson
to remove the building now located on the above mentioned Lot
22 ; and
WHEREAS, the above described property is necessary for the
City for parking and storing of vehicles owned and used by the
City in its municipal operations, including automobile; trucks,
garbage trucks, and the like, and the acquisition of such pro-
perty is deemed to be necessary to the performance by the City
of its municipal operations and a municipal purpose, and such
property has been appraised and determined to be of a present
value of the purchase price, i.e. , $120,000.00, and it is
deemed to be to the best interest of the City to acquire the
same on the terms above set forth;
NOW, TIiEREFORE, BE IT `RESOLVED by the City Council of the
City of Miami Beach, Florida, that said offer be and the same
is hereby accepted ; that the City Manager, subject to the
approval of the title by the City Attorney, be and he is hereby
authorized and directed to close said transaction; that the
Mayor and the City Clerk be and they are hereby authorized and
directed to execute, in the name of and on behalf of said City,
the certificates of indebtedness and any other instruments
required to be executed, in order to consummate the transaction.
(Page one)
The certificates of indebtedness issued hereunder shall
not be deemed to constitute a general obligation of the City
of Miami Beach and they shall not obligate the City, directly
or indirectly or contingently, to levy or pledge any form of
taxation for their payment, either principal or interest, but
shall be payable solely and exclusively from the revenues from
such property or funds not derived from the levy of taxes
(unless such certificates are hereafter ratified and approved
at an election held in accordance with Section 6 of Article
IX of the Constitution of Florida) , and the City covenants
with the seller and the holders of such certificates that it
will not create any lien, debt, charge or encumbrance on the
property herein authorized to be purchased or the revenues of
such property having priority over the certificates herein is-
sued, and that it will not sell, mortgage, lease or otherwise
dispose of or encumber the property without consent in writing
of the holders of such certificates, and in the event of the
sale or lease of any of such property, it will, if required,
pay the proceeds on account of the principal or interest of
any unpaid and outstanding certificates.
That all resolutions or parts thereof in conflict herewith
be and the same are hereby declared to be superseded hereby
and inoperative to the extent of such conflict.
IT IS FURTHER RESOLVED, that the City Clerk be and he is
hereby directed to furnish to Bessemer Properties, Incorporated,
a certified copy of this resolution.
PASSED and ADOPTED this 4th day of December, A. D. 1947.
j Mayo r
Attest: (3' tet) _City Clerk
Clerk
(Page two)
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