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Resolution 7561 7 RESOLUTION NO. 7561 SANITARY SEWER IMPROVEMENT SR-503 DISTRICT SR-503 WHEREAS, the City Council, by Resolution passed and adopted on the 18th day of April, 1951, ordered Sanitary Sewer Improvement SR-503, District SR-503, and has caused to be prepared and filed with the City Clerk plans and specifications of such Improvement and an estimate of the cost thereof, including an estimate of the cost of the incidental expenses of said Improver ent, and WHEREAS, due notice by publication as required by the City Charter has been made that the City Council would on the 2nd day of May, 1951, at the City Hall in said City of Miami Beach, at 10:00 o'clock A. M. , receive and hear objections of all persons interested to the confirmation of said Resolution ordering said Improvement, and no objections having been presented at the time and place aforesaid, NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Miami Beach, Florida, that the said Resolution of said City Council ordering said Sanitary Sewer Improvement SR-503, District SR-503, be and the same is hereby confirmed; that the City Council does hereby declare its intention to have the work necessary to the accomplishment of said Improvement done with contract; that the City Council does hereby declare its intention to issue bonds of the said City to the amount required for such Improvement, to levy a special annual tax for the pay- ment of the principaand interest of said bonds, reducing the amount of the special annual tax levy therefor by the amounts collected from special assessments levied against properties abutting the highway where said Improvement shall be made and by any other amount then contained in the local Improvement Bond Fund, and to levy special assessments against the properties to be benefited for such portion of the cost of said improvement as is authorized by law; and BE IT FURTHER RESOLVED that the City Council declares its intention to advance the cost of said Improvement from the pro- ceeds of the sale of its bonds, to collect said special assess- ments and place the proceeds thereof, together with the amount collected from such special tax, in its local Improvement Bond Fund to pay the interest and principal of its bonds, paying said principal and interest, so far as possible, from collections of said special assessments and paying any baance from the proceeds of such special tax; and BE IT FURTHER RESOLVED that the sum of $59,452 .25 is hereby appropriated for the cost of said Improvement from the proceeds of the sale of said bonds as and when the same shall be accom- plished and the sum of $594.52 is hereby appropriated from the General Fund for preliminary expenses incidental to the carrying out of this Resolution. PASSED and ADOPTED this 2nd day of May, A. D. 1951. 61/41440/ ( Mayor ATTEST: City Clerk • 0 H Lr\ H N- V) M 0 Pi It 4014 1-4 o .r{ pi H E dA a 4-, t1 o 0 a� U) 0 ? '- o I