Resolution 10220 RESOLUTION NO. 10220
WHEREAS, as of January 1 , 1960 there will be in the Reserve
Account of the Bond and Interest Redemption Fund of the Metered Parking
System the sum of $225,000.00, of which sum $15,000.00 is required by
the provisions of Resolution No. 7127 and Resolution No. 9651 to be
expended for the redemption and retirement of Parking Revenue Bonds,
Series 1950, in advance of maturity, and
WHEREAS, it was set forth in Resolution No. 10193, that the
estimated sum of $132,052.21 was required to be expended for the
redemption and retirement of Parking Revenue Bonds in advance of
maturity, and
WHEREAS, it has been determined, following revisions in
computation, that the actual sum required for said purpose is $122,439.57.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF MIAMI BEACH, FLORIDA, that the sum of $137,439.57 be expended for the
redemption and retirement of Parking Revenue Bonds, Series 1950, in
accordance with the provisions of Resolution No. 7127 and Resolution
No. 9651 , and to the extent that said sum permits, and
BE IT FURTHER RESOLVED BY THE CITY COUNCIL OF THE CITY OF
MIAMI BEACH, FLORIDA, that the Miami Beach First National Bank of
Miami /Beach, Florida, the Depositary designated in said Resolutions, be
and it is hereby authorized and directed, in accordance with the pro-
visions of Resolution No. 7127 and Resolution No. 9651 , to call for
redemption and to thereafter redeem and retire such number of Parking
Revenue Bonds, Series 1950, as said sum of $137,439.57 permits, and
BE IT FURTHER RESOLVED that a duly certified copy of this
resolution be transmitted to the Depositary, the Miami Beach First
National Bank of Miami Beach, Florida, as sufficient evidence of the
full and complete authority of said Depositary to so act in the premises.
PASSED AND ADOPTED this 4th day of November, 1959.
Mayor
Attest:
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