RESOLUTION 84-17615 RESOLUTION NO. 84-17615
A RESOLUTION OF THE CITY COMMISSION OF THE
CITY OF MIAMI BEACH, FLORIDA, PROPOSING AN
AMENDMENT TO THE MIAMI BEACH CHARTER
PROVIDING FOR THE ISSUANCE OF CERTAIN BONDS
BY THE CITY COMMISSION WITHOUT ELECTORAL
APPROVAL WHEN THE INDEBTEDNESS IS PAYABLE
SOLELY FROM REVENUE SOURCES OTHER THAN AD
VALOREM TAXES; AND PROVIDING THAT BONDS,
OTHER THAN REFUNDING BONDS, PAYABLE FROM AD
VALOREM TAXATION AND MATURING MORE THAN
TWELVE MONTHS AFTER ISSUANCE BE SUBJECT TO
ELECTORAL APPROVAL.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION
OF THE CITY OF MIAMI BEACH, FLORIDA:
SECTION 1.
The City of Miami Beach has heretofore called a
special election to be held on March 13 , 1984 at the time of the
President ' s Preference Primary.
SECTION 2.
The following proposed charter amendment pertaining to
Section 37 (h) of the Miami Beach Charter will be submitted to
the electorate at the March 13 , 1984 special election:
-fh* Pe issue a series of mtaleipal beaus la exeess ef
twe hundred El€ty thousand dollars and mt alelpal bends the
pteeeeds ef will flaaaee any ptejeet where total eest will
be In exeess of twe hundred fifty thettsand dellats ealy after
sueh beaus shall have been appteved by a majetity of
the vetes east In an eleetlen la wiled the eleetets of the Elty
of Miami Beaeh shall pattlepate; sueh eleetlea to be held In
the manner ptesetlbed by etellnanee: This pte'lsea shall apply
to bends isst ed by the Eity ef Miami Beaeh; lis ageaeles Of
sabdi'isleas; laelud.ing msalelpal authettles- This seetlea
shall alse apply whether sueh beaus ate to be payable ftem the
ad valetem taxatlen of the Elty of Miami Beaeh; the general
revenues of the Elty of Miami Beaeh; Of ftem the revenues of any
pattleslat ptejeet- Phis amendment shall beeeme of€eetive spec
lis adeptlea by the eity eemmissiea et upon ids approval by the
maj.etlty of the eleetets of the Elty of Mlaml Beau vetlng en
this amendment pursuant to seetlea 5793; Home Rule Ehattet of
Mettepelitaa Dade €army► Fletlela- en adeptlea; this amendment
OFFICE OF THE CITY ATTORNEY-1700 CONVENTION CENTER DRIVE -MIAMI BEACH, FLORIDA 33139
shall supersede any eenf l4et ng peet4s+ea eE the Ehaftef eE the
e ty eE Mi.af.i Beaeh-
(h) Notwithstanding anything to the contrary herein
contained, to issue bonds, including indebtedness payable solely
from revenue sources other than ad valorem taxation, provided
that any bond which is payable from ad valorem taxation and
which matures more than twelve months after issuance must be
approved by a majority of the votes cast in an election in which
the electors of the City of Miami Beach shall participate, such
election to be held in the manner prescribed by ordinance;
provided, however that electoral approval shall not be required
to issue bonds to refund outstanding bonds and interest and
redemption premium thereon at a lower net average interest cost
rate. This provision shall apply to bonds issued by the City of
Miami Beach, its agencies or subdivision, including municipal
authorities.
SECTION 3.
This amendment shall become effective upon its
approval by the majority of the electors of the City of Miami
Beach voting on this amendment pursuant to section 5. 03 , Home
Rule Charter of Metropolitan Dade County, Florida.
SECTION 4.
On adoption this amendment shall supersede any
conflicting provisions of the Charter of the City of Miami
Beach.
SECTION 5 .
This resolution shall take effect immediately upon its
adoption.
PASSED AND ADOPTED this 13th day of
January , 1984 .
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ATTEST:
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OFFICE OF THE CITY ATTORNEY - 1700 CONVENTION CENTER DRIVE -MIAMI BEACH, FLORIDA 33139
ORIGINAL
RESOLUTION NO 84-17615
(Setting forth text of
amendment to Section 37 (h )
relating to repeal of
restriction on issuance of
revenue bonds without voter
approval ; which item will
be submitted to electorate
on 3/14/84 ; clarifies section
re . issuance of general obliga-
tion bonds)