13402 RESOLUTION NO. 13402
WHEREAS, it is estimated that as of January 1 , 1972, there will be
in the Surplus Revenue Fund of the City of Miami Beach Parking Revenue
System, the sum of $934,765.00 of which sum of $311 ,557.00 is required by
the provisions of Resolutions Nos. 11410 and 12086 to be expended for the
redemption and retirement of Parking Revenue Bonds in advance of maturity;
NOW, THEREFORE, BE IT DULY RESOLVED BY THE CITY COUNCIL OF THE CITY
OF MIAMI BEACH, FLORIDA, that the said sum of $311 ,557.00 be expended for
the redemption and retirement of Parking Revenue Bonds, Series 1965 and
1967, in accordance with the provisions of Resolutions Nos. 11410 and
12086, and to the extent that said sum permits; 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 Reso-
lutions Nos. 11410 and 12086, to call for tenders or redemption and to
thereafter retire such number of Parking Revenue Bonds, Series 1965 and
1967, as said sum of $311 ,557.00 permits; and
BE IT FURTHER RESOLVED BY THE CITY COUNCIL OF THE CITY OF MIAMI
BEACH, FLORIDA, that a duly certified copy of this Resolution be trans-
mitted to the Depositary, the Miami Beach First National Bank, 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 6th day of October, 1971 .
N
rig Mayor
Attest:
City Clerk-Finance Director