Resolution 7806 RESOLUTION NO. 7806
WHT REAS, BESSEMER PROPERTIES, INC . , has offered to sell
to the City of Miami Beach, Florida, those certain parcels of
lard situate, lying and being in Miami Beach, Dade County, Florida,
described as follows, to wit :-
Lots 28, 29, 30 and 31 of Block 111,
of OCEAN BEACH ADDITION NO. 3, ac-
cording to the Plat thereof, recorded
in Plat Book 2 , at page 81, of the
Public Records of Dade County, Florida,
for the sum of Seventy-five Thousand (w75,000.00) Dollars , pay-
able as follows, to wit: -
Cash
it: -Cash at the time of closing the transaction
herein contemplated . 11,300.00
Seven (7) Certificates of Indebtedness , each
in the sum of 09,100.00, maturing 1, 2, 3, 4,
5, 6 and 7 years from date, respectively,
bearing interest at the rate of Three (3%)
per cent per annum, payable semi-annually,
and aggregating the sum of 63,700.00
The conveyance from BESSEMER PROPERTIES, INC . to said City
is 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 1951 (which are to be pro-rated
as of the date of consummation of the transaction contemplated
hereby) ; and zoning ordinances of the City of Miami Beach; and it
being understood that BESSEMER PROPERTIES, INC. will retain the
right to at any time prior to January 1, 1952, remove the existing
pumps, pipes and oil and gasoline tanks and foundations to which
they are attached now on the said lands, and
WHEREAS, the above described property is a necessity for
the City for park, marina and other municipal purposes and the
acquisition of such property 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
OFFICE OF CITY ATTORNEY - CITY HALL - MIAMI BEACH 39, FLORIDA
of a present value of the purchase price i. e. , STs75,000.00 and it
is deemed to be to the best interest of the City to acquire the
same on the terms above set forth.
NOW, THEREFORE, RE 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 exe-
cute, in the name of and on behalf of said City, the said Certifi-
cates of Indebtedness and any other instruments required to be
executed, in order to consummate the transaction.
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 in-
directly or contingently to levy or pledge any form of taxation
for their payment, either principal or interest , but shall be pay-
able 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 accor-
dance 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
to be issued hereunder, and that it will not sell, mortgage, lease
or otherwise dispose of or encumber the said property without con-
sent , 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
-2 -
OFFICE OF CITY ATTORNEY - CITY HALL - MIAMI BEACH 39, FLORIDA
inoperative to the extent of such conflict.
It is further RESOLVED that the City Clerk be arra he is
hereby directed to furnish to EESSEMEH PROPERTIES, INC . , a certi-
fied copy of this resolution.
PASSED AND ADOPTED this 3rd day of October , A. D.
1951.
k „de._
Mayor
Attest :
City Clerk
i&e<A4A/
P.41A,ai
OFFICE OF CITY ATTORNEY - CITY HALL - MIAMI BEACH 39, FLORIDA
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