RESOLUTION 87-18766 RESOLUTION NO. 87-18766
RESOLUTION APPOINTING BOND COUNCEL, FINANCIAL ADVISOR AND
UNDERWRITERS FOR THE $3,000,000 OCEAN DRIVE IMPROVEMENT BONDS.
WHEREAS, the City Commission (The "Commission") of the City of Miami Beach,
Flo -ida (The "City") has authorized by Resolution Number 86-18529 on July 23, 1986,
has called for an election to be held on November 4, 1986, regarding the issuance of
not more than $3,000,000 in bonds for street and sidewalk improvements from 5th to
15th Street on Ocean Drive and 15th Street from Ocean Drive to Collins Avenue &
Lummus Park Improvements; and,
WHEREAS, the Commission of the City canvassed the Election Returns on
Resolution Number 86-18674 on November 19, 1986, and verified that the Ocean Drive
Bonds had received an affirmative vote by the Electorate; and,
WHEREAS, the Commission of the City authorized the issuance of not more
than $65,000,000 in Refunding Bonds on Resolution Number 86-18439 passed June 18, 1986,
and Resolution Number 86-18514 passed July 23, 1986, which also authorized Bond Counsel ,
Financial Advisor and Underwriters; and,
WHEREAS, the Commission of the City deems it in the best interest of the City
that the $3,000,000 Ocean Drive Bonds are issued along with the series 1986 A Refunding
Bonds;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF MIAMI
BEACH, FLORIDA, that the appointment of Greenberg, Traurig, Askew, Hoffman, Lipoff,
Rosen & Quentel , P.A. , as Bond Counsel ; and the appointment of Shearson Lehman
Brothers Inc. , as Financial Advisors; and the appointment of Smith Barney, Harris
Upham & Co. , Inc. ; Bear Stearns & Co. , Inc. ; L.F. Rothschild, Unterberg, Towbin, Inc. ;
and Prudential-Bache Securities, Inc. as Underwriters be extended to the issuance of the
$3,000,000 Ocean Drive Improvement Bonds.
PASSED AND ADOPTED this 18th day of February 198 7 ,• L.
ayor
Attest:
:W4 ED
//a, eLt-,k` 1())1, rc&a.,
LEG LDEPT.
City Clerk
By SIN
ORIGINAL
RESOLUTION NO. 87-18766
(AppolmtJng bond counsel, . ad-
NIsQr and underwriterp for the $3,000,000
Ocean Drive IMproVement DondP)