Resolution 7807 J
RESOLUTION NO. 7807
WH: .EAS, BESSEMEk PROPE_RTIti:S, INC . , 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,
described as follows, to wit :-
Lots 1, 2, 3, 4, 5, 6, 7 and 8 of
Block 111 of OCEAN BEACH ADDITION
NO. 3, according to the Flat thereof,
recorded in Plat Book 2, at page 81,
of the Public hecords of made County,
Florida,
for the sum of Two Hundred Twenty Five Thousand ( 225,000.00) Dollars,
payable as follows, to wit :-
Cash at the time of closing the transaction
herein contemplated 0 33,760.00
Seven (7) Certificates of Indebtedness, each
in the sum of ,1427,320.00, 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 aggregat-
ing the sum of 191,240.00
The conveyance from T)ESSEMEFZ PROPfTIES, INC. , to said
City is to be by good and sufficient special warranty deed ( it
being understood that Bessemerts title was obtained from its
immediate grantor by a deed containing fill 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 ac-
quisition of such property is deemed to be necessary to the per-
formance by the City of its municipal operations and a municipal
OFFICE OF CITY ATTORNEY - CITY HALL - MIAMI BEACH 39, FLORIDA
purpose and such property has been appraised and determined to
be of a present value of the purchase price i. e . , 4i;225,000.00,
and it is deemed to be to the best interest of the City to ac-
quire the same on the terms above set forth.
NOW, THEREFORE, 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 the said City, the said
Certificates of Indebtedness and any other instruments required to
be executed, in order to c ons ummat e 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 indirectly
or contingently to levy or pledge any form of taxation for their
payment, either principal or interest, but shill be payable solely
and exclusively from t he revenues from such property or funds not
derived from the levy of taxes (unless such certificates are here-
after ratified and approved at on election held in accordance with
Section 6 of Article DC 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
suchproperty 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 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 pro-
ceeds on account of the principal or interest of any unpaid and
outstanding certificates.
-2-
OFFICE OF CITY ATTORNEY - CITY HALL - MIAMI BEACH 39, FLORIDA
That all resolutions or parts thereof in conflict here-
with 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 PROPEhTIES, INC . , a
certified copy of this resolution.
PASSED and ADOPTED this 3rd day of October , A.D.
1951.
fMayor
Attest :
I: C42:
. f ege,a,
OFFICE OF CITY ATTORNEY - CITY HALL - MIAMI BEACH 39, FLORIDA
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