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86-18694 ResoRESOLUTION NO. 86-18694 A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA AUTHORIZING THE RESERVE OF GENERAL FUND BALANCE IN THE AMOUNT OF $200,000 FOR PAYMENT TO THE STATE OF FLORIDA, ON PARCELS NUMBERS 2, 4, 9H AND 9I INCLUDED IN THE NORTH SHORE OPEN SPACE PARK EXPANSION PLAN AND AUTHORIZING THE MAYOR AND CITY CLERK TO ENTER INTO AGREEMENTS WITH THE OWNERS TO PURCHASE THE FOREGOING PROPERTIES AND TO ENTER INTO AGREEMENTS WITH THE STATE OF FLORIDA FOR SALE OF THE FOREGOING PROPERTIES. WHEREAS, the City of Miami Beach wishes to enter into Agreements with the Owners of Parcels 2, 4, 9H & 9I in the North Shore Open Space Park Expansion for purchase of said lots at a price of $1,128,250.00; and, WHEREAS, the City wishes to enter into Agreements with the State of Florida for sale of the above described lots for a price of $928,250.00; and, WHEREAS, the City's obligations as a participant in this expansion program will amount to a total of $200,000.00 for these four parcels; and, WHEREAS, the City will pay the $200,000.00 to the owners at closing which shall be on or before December 31, 1986. NOW, THEREFORE, BE IT DULY RESOLVED BY THE CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA authorizing a resrve of general fund balance in the amount of $200,000.00 for payment to the State of Florida on parcels 2, 4, 9H and 9I included in the North Shore Open Space Park Expansion Plan and authorizing the Mayor and City Clerk to enter into agreements with the owners to purchase the foregoing properties and to enter into agreements with the State of Florida for sale of the foregoing properties. PASSED and ADOPTED this 4th day of December, 1986. CiTY~CL~E K FORM APPROVED LEGAL DEPARTMENT DATE: RESOLUTION NO. 8 6-18 6 9 4 A RESOLUTION OF THE CITY COMMISSION OF THE CITY oF' MIAMI BEACH, FLORIDA, AUTHORIZING THE RESERVE OF GENERAL FUND BALANCE IN THE AMOUNT OF$200,000 FOR PAYMENT TO THE STATE OF FLORIDA, ON PARCELS NUMBERS 2, #, 9I~',.AND 9I INCLUDED IN THE NORTH SHORE OPEN SPACE PARK Ei~, PANSION PLAN. \ · /HEREAS, t~h~ State of Florida is able to obtain parcels numbers 2, 4, 9H and 9I to expand the North Shore Open Space Park at a reduced price; and, · /HEREAS, the City's obligation as a participant in this eXpansion program will amount to a total of $200,000for these four parcels; and, · /HEREAS, the City will not make payment to the state of Florida until the end of the first year of operation of the State Park; and WHEREAS, the City will pay the $200,000to the State of Florida over a two- year period in annual installments. PASSED and/kDOPTED this NO~', THEREFORE, BE IT DULY RESOL~ BY THE CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, that a reserve of general fund balance will be made on an annual basis until the payment is made to the State of Florida for the City's participation in the North Shore Open Space Park Expansion Program in the amount of $200,000 Said funds will be disclosed as reserved on the financial statements and may not be used for any other purpose. __ day'k0f December , 1986. Attest: City Clerk RWP:CBT:jh FORM APPROVED LEGAL DEPARTMENT