13557 r �
RESOLUTION NO. 13557
WHEREAS Reynolds Securities, Inc. ,has agreed
to serve as the City' s Financial Consultant in the refunding
of City of Miami Beach Resort Excise Tax Bonds, with the
understanding that its fee will be One ($1. 00) Dollar per
One Thousand ($1, 000. 00) Dollars of Bonds, if as and when
such Refunding Bonds are sold by the City, and
WHEREAS, said Reynolds Securities, Inc. , has
further agreed that it will not bid, or cause to have bids
made in its name, at the public sale of such proposed
Refunding Bonds, and that said Reynolds Securities, Inc. ,
will not be purchasers, directly or indirectly, of said
Refunding Bonds at the public sale thereof, and
WHEREAS, said Reynolds Securities, Inc. , has
further agreed that the proceeds of such Refunding Bonds,
if as and when sold, shall be deposited in a financial
institution in the City of Miami Beach, Florida;
NOW, THEREFORE, BE IT DULY RESOLVED BY THE CITY
COUNCIL OF THE CITY OF MIAMI BEACH, FLORIDA, that upon
written acceptance by said Reynolds Securities, Inc. of its
employment as the City' s Financial Consultant on the terms
and provisions herein set forth, said Reynolds Securities,
Inc. may commence performance of its duties and responsibilities
under said Agreement.
PASSED and ADOPTED this 1st day of March, 1972.
Mayor
Attest :
City Clerk-Finance Director
OFFICE OF CITY ATTORNEY-1130 WASHINGTON AVENUE-MIAMI BEACH, FLORIDA 33139