Resolution 10425 RESOLUTION NO. 10425
WHEREAS, as of January 1, 1961 there will be in the
Reserve Account of the Bond and Interest Redemption Fund of the
Metered Parking System the sum of $240,000 .00, of which sum
$30,000 .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 is estimated that as of January 1, 1961,
there will be in the Surplus Revenue Fund of the City of Miami
Beach, Florida, Parking Revenue System the sum of $532, 406.39,
of which sum $125, 345 .91 is required by the provisions of
Resolution No. 9651 to be expended for the redemption and
retirement of Parking Revenue Bonds in advance of maturity,
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL
OF THE CITY OF MIAMI BEACH, FLORIDA, that the said sum of
$155, 345 .91, or such portion thereof as shall be required,
shall be expended for the redemption and retirement of Parking
Revenue Bonds Series 1950, in accordance with the provisions of
Resolutions No. 7127 and 9651, 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 provisions of Resolutions No. 7127 and 9651,
to call for redemption and to thereafter redeem and retire all
unretired Parking Revenue Bonds, Series 1950, from said sum of
$155,345 .91.
BE IT FURTHER RESOLVED BY THE CITY COUNCIL OF THE
CITY OF MIAMI BEACH, FLORIDA, 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 16th day of November, 1960 .
Vice Mayor
Attest:
/ / I,,
City C1; k
OFFICE OF CITY ATTORNEY — CITY HALL — MIAMI BEACH 39, FLORIDA
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