Loading...
13288 RESOLUTION NO. 13288 WHEREAS, by Resolution No. 13265, passed and adopted by the City Council on May 5, 1971, the City Council authorized the sale of General Obligation Bonds, described as Series 1, Waste Disposal Facility Bonds, 1970, totaling $2, 500, 000. 00; Series 3, Biscayne Bay Public Park Acquisition Bonds, 1970, totaling $1, 500, 000. 00; Series 4, North Shore Community Center Bonds, 1970, totaling $100, 000. 00; and Series 5, Oceanfront Public Park Acquisition Bonds, 1970, totaling $900, 000. 00, for a total authorized sale of $5, 000, 000.00; and WHEREAS, the City' s Financial Advisor has informed the City Council that the $5, 000. 00 in bonds of each of said series matures on August 1, 1971, and that it is advisable and expedient, inasmuch as said bonds will become due and payable on or before the sale and delivery of the bonds in question, and that therefore, the sale and delivery of said $5, 000. 00 bonds in each of said four (4) series would be a nugatory act. NOW, THEREFORE, BE IT DULY RESOLVED BY THE CITY COUNCIL OF THE CITY OF MIAMI BEACH, FLORIDA, that said Resolution No. 13265 be and the same is hereby amended so as to delete therefrom authorization for the sale of said bonds ; totaling $20, 000.00, and maturing on August 1, 1971. BE IT FURTHER RESOLVED BY THE CITY COUNCIL OF THE CITY OF MIAMI BEACH, FLORIDA, that said bonds provide for the redemption thereof as follows : The Bonds maturing in the years 1981 to 1990, both inclusive, shall be redeemable prior to their respective stated dates of maturity, at the option of the City, in whole or in part, but in inverse order of maturities and by lot within maturities if less than all, on August 1, 1980, or on any interest payment date thereafter, at the price of par and accrued interest, plus a premium, expressed as a percentage of the par value thereof, of 3% if redeemed in the years 1980 to 1983, both inclusive; 2% if redeemed in the years 1984 to 1987, both inclusive; and 1% if redeemed in the years 1988 to 1990, both inclusive. PASSED and ADOPTED this 18th day of May , 1971. 41111 11 r M•yor Attest : Ed City Clerk-Finance Director OFFICE OF CITY ATTORNEY-1130 WASHINGTON AVENUE-MIAMI BEACH, FLORIDA 33139 R RESOLUTION NO. 13288 WHEREAS, by Resolution No. 13265, passed and adopted by the City Council on May 5,' 1971, the City Council authorized the sale of General Obligation Bonds, described as Series 1, Waste Disposal Facility Bonds, 1970, totaling $2, 500, 000. 00; Series 3, Biscayne Bay Public Park Acquisition Bonds, 1970, totaling $1, 500, 000. 00; Series 4, North Shore Community Center Bonds, 1970, totaling $100, 000. 00; and Series 5, Oceanfront Public Park Acquisition Bonds, 1970, totaling $900, 000. 00, for a total authorized sale of $5, 000, 000. 00; and WHEREAS, the City' s Financial Advisor has informed the City Council that the $5, 000. 00 in bonds of each of said series matures on August 1, 1971, and that it is advisable and expedient, inasmuch as said bonds will become due and payable on or before the sale and delivery of the bonds in question, and that therefore, the sale and delivery of said, $5, 000.00 bonds in each of said four (4) series would be a nugatory act. NOW, THEREFORE, BE IT DULY RESOLVED BY THE CITY COUNCIL OF THE CITY OF MIAMI BEACH, FLORIDA, that said Resolution No. 13265 be and the same is hereby amended so as to delete therefrom authorization for the sale of said bonds; totaling $20, 000.00, and maturing on August 1, 1971. BE IT FURTHER RESOLVED BY THE CITY COUNCIL OF THE CITY OF MIAMI BEACH, FLORIDA, that said bonds provide for the redemption thereof as follows : The Bonds maturing in the years 1981 to 1990, both inclusive, shall be redeemable prior to their respective stated dates of maturity, at the option of the City, in whole or in part, but in inverse order of maturities and by lot within maturities if less than all, on August 1, 1980, or on any interest payment date thereafter, at the price of par and accrued interest, plus a premium, expressed as a percentage of the par value thereof, of 3% if redeemed in the years 1980 to 1983, both inclusive; 2% if redeemed in the years 1984 to 1987, both inclusive; and 1% if redeemed in the years 1988 to 1990, both inclusive. • PASSED and ADOPTED this 18th day of May , 1971. (Signed) Jay Dormer Mayor Attest : • (Signed) Ruth B. Rouleau City Clerk-Finance Director (SEAL) OFFICI OF CITY ATTORNIY-1130 WASHINGTON AVENIJI-MIAMI BRACH, FLORIDA 39139 RESOLUTION NO. 13288 WHEREAS, by Resolution No. 13265, passed and adopted by the City Council on May 5,' 1971, the City Council authorized the sale of General Obligation Bonds, described as Series 1, Waste Disposal Facility Bonds, 1970, totaling $2, 500, 000. 00; Series 3, Biscayne Bay Public Park Acquisition Bonds, 1970, totaling $1, 500, 000. 00; Series 4, North Shore Community Center Bonds, 1970, totaling $100, 000. 00; and Series 5, Oceanfront Public Park Acquisition Bonds, 1970, totaling $900, 000.00, for a total authorized sale of $5, 000, 000. 00; and WHEREAS, the City' s Financial Advisor has informed the City Council that the $5, 000. 00 in bonds of each of said series matures on August 1, 1971, and that it is advisable and expedient, inasmuch as said bonds will become due and payable on or before the sale and delivery of the bonds in question, and that therefore, the sale and delivery of said $5, 000.00 bonds in each of said four (4) series would be a nugatory act. NOW, THEREFORE, BE IT DULY RESOLVED BY THE CITY COUNCIL OF THE CITY OF MIAMI BEACH, FLORIDA, that said Resolution No. 13265 be and the same is hereby amended so as to delete therefrom authorization for the sale of said bonds; totaling $20, 000.00, and maturing on August 1, 1971. BE IT FURTHER RESOLVED BY THE CITY COUNCIL OF THE CITY OF MIAMI BEACH, FLORIDA, that said bonds provide for • the redemption thereof as follows : The Bonds maturing in the years 1981 to 1990, both inclusive, shall be redeemable prior to their respective stated dates of maturity, at the option of the City, in whole or in part, but in inverse order of maturities and by lot within maturities if less than all, on August 1, 1980, or on any interest payment date thereafter, at the price of par and accrued interest, plus a premium, expressed as a percentage of the par value thereof, of 3% if redeemed in the years 1980 to 1983, both inclusive; 2% if redeemed in the years 1984 to 1987, both inclusive; and 1% if redeemed in the years 1988 to 1990, both inclusive. PASSED and ADOPTED this 18th day of May , 1971. (Signed) Jay Dermer Mayor Attest : (Signed) Ruth B. Rouleau City Clerk-Finance Director (SEAL) OFFICI OF CITY ATTORNIY—1130 WASHINGTON AVINUI MIAMI MACH, FLORIDA 33139 RESOLUTION NO. 13 288 WHEREAS, by Resolution No. 13265, passed and adopted by the City Council on May 5,' 1971, the City Council authorized the sale of General Obligation Bonds, described as Series 1, Waste Disposal Facility Bonds, 1970, totaling $2, 500, 000. 00; Series 3, Biscayne Bay Public Park Acquisition Bonds, 1970, totaling $1, 500, 000. 00; Series 4, North Shore Community Center Bonds, 1970, totaling $100, 000. 00; and Series 5, Oceanfront Public Park Acquisition Bonds, 1970, totaling $900, 000. 00, for a total authorized sale of $5, 000, 000.00; and WHEREAS, the City' s Financial Advisor has informed the City Council that the $5, 000. 00 in bonds of each of said series matures on August 1, 1971, and that it is advisable and expedient, inasmuch as said bonds will become due and payable on or before the sale and delivery of the bonds in question, and that therefore, the sale and delivery of said $5, 000.00 bonds in each of said four (4) series would be a nugatory act. NOW, THEREFORE, BE IT DULY RESOLVED BY THE CITY COUNCIL OF THE CITY OF MIAMI BEACH, FLORIDA, that said Resolution No. 13265 be and the same is hereby amended so as to delete therefrom authorization for the sale of said bonds; totaling $20, 000.00, and maturing on August 1, 1971. BE IT FURTHER RESOLVED BY THE CITY COUNCIL OF THE CITY OF MIAMI BEACH, FLORIDA, that said bonds provide for the redemption thereof as follows : The Bonds maturing in the years 1981 to 1990, both inclusive, shall be redeemable prior to their respective stated dates of maturity, at the option of the City, in whole or in part, but in inverse order of maturities and by lot within maturities if less than all, on August 1, 1980, or on any interest payment date thereafter, at the price of par and accrued interest, plus a premium, expressed as a percentage of the par value thereof, of 3% if redeemed in the years 1980 to 1983, both inclusive; 2% if redeemed in the years 1984 to 1987, both inclusive; and 1% if redeemed in the years 1988 to 1990, both inclusive. PASSED and ADOPTED this 18th day of May , 1971. (Signed) Jay Dermer Mayor Attest : (Signed) Ruth B. Rouleau City Clerk-Finance Director (SEAL) OFFICE OF CITY ATTORNEY 1130 WASHINGTON MINUS—MIAMI BEACH, FLORIDA 33139 RESOLUTION NO. 13288 WHEREAS, by Resolution No. 13265, passed and adopted by the City Council on May 5, 1971, the City Council authorized the sale of General Obligation Bonds, described as Series 1, Waste Disposal Facility Bonds, 1970, totaling $2, 500, 000. 00; Series 3, Biscayne Bay Public Park Acquisition Bonds, 1970, totaling $1, 500, 000. 00; Series 4, North Shore Community Center Bonds, 1970, totaling $100, 000. 00; and Series 5, Oceanfront Public Park Acquisition Bonds, 1970, totaling $900, 000. 00, for a total authorized sale of $5, 000, 000.00; and WHEREAS, the City' s Financial Advisor has informed the City Council that the $5, 000. 00 in bonds of each of said series matures on August 1, 1971, and that it is advisable and expedient, inasmuch as said bonds will become due and payable on or before the sale and delivery of the bonds in question, and that therefore, the sale and delivery of said $5, 000.00 bonds in each of said four (4) series would be a nugatory act. NOW, THEREFORE, BE IT DULY RESOLVED BY THE CITY COUNCIL OF THE CITY OF MIAMI BEACH, FLORIDA, that said Resolution No. 13265 be and the same is hereby amended so as to delete therefrom authorization for the sale of said bonds; totaling $20, 000.00, and maturing on August 1, 1971. BE IT FURTHER RESOLVED BY THE CITY COUNCIL OF THE CITY OF MIAMI BEACH, FLORIDA, that said bonds provide for • the redemption thereof as follows : The Bonds maturing in the years 1981 to 1990, both inclusive, shall be redeemable prior to their respective stated dates of maturity, at the option of the City, in whole or in part, but in inverse order of maturities and by lot within maturities if less than all, on August 1, 1980, or on any interest payment date thereafter, at the price of par and accrued interest, plus a premium, expressed as a percentage of the par value thereof, of 3% if redeemed in the years 1980 to 1983, both inclusive; 2% if redeemed in the years 1984 to 1987, both inclusive; and 1% if redeemed in the years 1988 to 1990, both inclusive. PASSED and ADOPTED this 18th day of May , 1971. (Signed) Jay Dermer Mayor Attest : (Signed) Ruth B. Rouleau City Clerk-Finance Director (SEAL) OFFICI OF CITY ATTORNEY x-1130 WASHINGTON MINUS+MIAMI BRACH, FLORIDA 33139 RESOLUTION NO. 13288 WHEREAS, by Resolution No. 13265, passed and adopted by the City Council on May 5,' 1971, the City Council authorized the sale of General Obligation Bonds, described as Series 1, Waste Disposal Facility Bonds, 1970, totaling $2, 500, 000. 00; Series 3, Biscayne Bay Public Park Acquisition Bonds, 1970, totaling $1, 500, 000.00; Series 4, North Shore Community Center Bonds, 1970, totaling $100, 000. 00; and Series 5, Oceanfront Public Park Acquisition Bonds, 1970, totaling $900, 000.00, for a total authorized sale of $5, 000, 000.00; and WHEREAS, the City' s Financial Advisor has informed the City Council that the $5, 000. 00 in bonds of each of said series matures on August 1, 1971, and that it is advisable and expedient, inasmuch as said bonds will become due and payable on or before the sale and delivery of the bonds in question, and that therefore, the sale and delivery of said $5, 000.00 bonds in each of said four (4) series would be a nugatory act. NOW, THEREFORE, BE IT DULY RESOLVED BY THE CITY COUNCIL OF THE CITY OF MIAMI BEACH, FLORIDA, that said Resolution No. 13265 be and the same is hereby amended so as to delete therefrom authorization for the sale of said bonds; totaling $20, 000. 00, and maturing on August 1, 1971. BE IT FURTHER RESOLVED BY THE CITY COUNCIL OF THE CITY OF MIAMI BEACH, FLORIDA, that said bonds provide for the redemption thereof as follows : The Bonds maturing in the years 1981 to 1990, both inclusive, shall be redeemable prior to their respective stated dates of maturity, at the option of the City, in whole or in part, but in inverse order of maturities and by lot within maturities if less than all, on August 1, 1980, or on any interest payment date thereafter, at the price of par and accrued interest, plus a premium, expressed as a percentage of the par value thereof, of 3% if redeemed in the years 1980 to 1983, both inclusive; 2% if redeemed in the years 1984 to 1987, both inclusive; and 1% if redeemed in the years 1988 to 1990, both inclusive. PASSED and ADOPTED this 18th day of May , 1971. (Signed) Jay Dermer Mayor Attest : (Signed) Ruth B. Rouleau City Clerk-Finance Director (SEAL) OFFICE OF CITY ATTORNEY 4= 1130 WASHINGTON AYINYI+MIAMI BRACH, FLORIDA 33139