73-13942 •
RESOLUTION NO. 73-13942
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF MIAMI BEACH, FLORIDA, AUTHORIZING THE ISSU-
ANCE OF NEGOTIABLE COUPON BONDS IN THE AMOUNT
OF $10, 850, 000 FOR THE PURPOSES AUTHORIZED AT
AN ELECTION HELD ON FEBRUARY 20, 1973 .
WHEREAS , the duly registered and qualified voters of
the City of Miami Beach, participating in the election held
according to law in the City of Miami Beach, Florida, on
February 20, 1973, authorized the issuance of negotiable
coupon bonds of the City of Miami Beach in the aggregate sum
of $10,850, 000 for the several purposes hereinafter stated.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL
OF THE CITY OF MIAMI BEACH, FLORIDA:
SECTION 1. That pursuant to said election, $10, 850, 000 of
negotiable coupon bonds of the City of Miami Beach,
Florida, be issued bearing date of March 1, 1973, and bearing
interest at a rate to be hereafter determined, but not to exceed
the maximum permitted by law, per annum, payable semi ann+:aiy ,
on the first day of March and the first day of September of each
year , which interest shall be evidenced by coupons attached to
t_ne principal bonds , and both principal and interest shall be
payable in lawful money of the United States of America at the
Chemical Bank, New York City, which bonds shall be registrable
as to principal in accordance with the endorsement which this
resolution directs to be printed on said bonds, and that the
Chemical Bank, New York City, is hereby designated Registrar
for that purpose.
SECTION 2 . Said bonds shall be issued in Six (6) Series and
in the respective amounts as follows :
SERIES 1: For the purpose of completing the Joint Federal-
City of Miami Beach Open Space Land Project
No. Fla. OSA-18 by acquiring and developing
the following parcels of land:
Lots 5 and 6, Block 1, ALTOS DEL MAR NO. 1,
Plat Book 31, page 40, of the Public Records
of Dade County, Florida.
Lot 5, Block 2 , ALTOS DEL MAR NO. 1, Plat
Book 31, page 40, of the Public Records of
Dade County, Florida.
Lot 6, Block 3 , ALTOS DEL MAR NO. 2, Plat
Book 4, page 162 , of the Public Records of
Dade County, Florida.
Lots 3 an 4, Block 4, ALTOS DEL MAR NO. 2,
Plat Book 4, page 162, of the Public Records
of Dade County, Florida.
Lot 1, Block 5, ALTOS DEL MAR NO. 2, Plat
Book 4, nage 162, of the Public Records of
Dade Cou: t.y, Florida.
Lot 2 , Block 6, ALTOS DEL MAR NO. 2, Plat
Book 4, page 162 , of the Public Records of
Dade County, Florida.
$1, 900, 000.00
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OFFICE OF CITY ATTORNEY- Wsktn. <is(Ci++ AVENUE- MIAMI REACH FLORIDA 33134
Said Series 1 bonds in the principal amount of $1, 900, 000
shall be known as "1973 Open Space Land Project Bonds", and
shall be numbered and mature as follows :
DUE
SEPTE':B R Ai 0JNT YM.BER B0'D
85ND3 i'INIB ?S
74 30,000 6 1 - 6
75 40,000 3 7 - 14
76 40,003 8 15 - 22
77 50,000 10 23 - 32
73 60,000 12 33 - 44
79 709000 14 45 - 58
30 80,0 00 16 59 - 74
31 80,000 16 75 - 90
82 80,000 16 91 - 106
83 80,000 16 107 - 122
84 80,000 16 123 -- 138
85 90,000 18 139 - 156
36 909000 18 157 - 174
37 90,000 18 175 - '192
83 100,000 20 193 - 212
39 120,000 24 213 - 236
90 140,000 23 237 - 264
91 170,000 34 265 293
92 190,000 38 299 336
93 220,000 44 337 - 330
1,900,000 380
SERIES 2 : For the purpose of acquiring and developing
for parks and recreational purposes the
following described parcels of land:
All of Blocks 11, 12, 13, 14, and 15,
ALTOS DEL MAR SUB NO. 2, Plat Book 4,
page 162, of the Public Records of
Dade County, Florida.
All of Blocks 17, le, 19, and 20, ALTOS
DEL MAR NO. 1, Plat Book 31, page 40,
of the Public Records of Dade County,
Florida.
$5, 000, 000. 00
Said Series 2 bonds in the principal amount of $5, 000, 000
shall be known as "1973 Park and Recreational Land Bonds ", and
shall be numbered and mature as follows :
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OFFICE OF CITY ATTORNEY-1130 WASHINGTON AVENUE-MIAMI BEACH, FLORIDA 33139
DUE
SE 7=ER. 1 -OD= NUMBER BONDS
BOILS T UMBER
1974. 75,000 15 1 - 15
75 75,000 15 16 -- 30
76 100,000 20 31 - 50
77 100,000 20 51 - 70
78 100,000 20 71 90
79 100,000 20 91 -- 110
80 125,000 25 111 - 135
81 150,000 30 136 - 165
82 175,000 35 166 - 2.00
83 200,000 40 201 - 240
84 225,000 45 241 - 235
85 250,000 50 236 -- 335
86 250,000 50 336 - 315
87 300,000 60 386 -- 445
88 300,000 60 446 -- 505
89 350,000 70 506 -- 575
90 400,000 80 576 -- 653
91 475,000 95 656 - 750
92 550,000 110 751 - 860
93 700,000 140 861 — 170 a1D
5,000,000 1,000
SERIES 3 : For the purpose of acquiring and developing
additions needed to complete the Civic-Con-
vention Center Complex land plan adjoining
and in proximity to the City' s Garden Center
and Conservatory, otherwise legally described
as follows :
Lot 2, Block 7A, AMENDED GOLF COURSE SUB. ,
Plat Book 6, page 26, of the Public Records
of Dade County, Florida, together with 30 '
strip on easterly property line known as
"Bridle Path".
N. 50 ' of Lot 1, Block 7A, AMENDED GOLF
COURSE SUB. , Plat Book 6, page 26, of the
Public Records of Dade County, Florida,
together with 30 ' strip on easterly property
line known as "Bridle Path".
S . 100 ' of Northerly 150 ' of Lot 1, Block
7A, AMENDED GOLF COURSE SUB. , Plat Book 6,
page 26, of the Public Records of Dade
County, Florida, together with 30 ' strip
on easterly property line known as "Bridle
Path" .
$1, 250, 000.00
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OFFICE OF CITY ATTORNEY—1130 WASHINGTON AVENUE—MIAMI BEACH, FLORIDA 33139
•
Said Series 3 bonds in the principal amount of $1, 250, 000
shall be known as "1973 Civic Convention Center Complex Bonds",
and shall be numbered and mature as follows :
No.of Bond
9-01 Amount Bonds Numbers
1974 $ 20 000 4 1 thru 4
1975 20 000 4 5 thru 8
1976 25 000 5 9 thru 13
1977 25 000 5 14 thru 18
1978 40 000 8 19 thru 26
1979 40 000 8 27 thru 34
1980 40 000 8 35 thru 42
1981 50 000 10 43 thru 52
1982 50 000 10 53 thru 62
1983 60 000 12 63 thru 74
1984 60 000 12 75 thru 86
1985 70 000 14 87 thru 100
1986 70 000 14 101 thru 114
1987 80 000 16 115 thru 130
1988 95 000 19 131 thru 149
1989 95 000 19 150 thru 168
1990 100 000 20 169 thru 188
1991 100 000 20 189 thru 208
1992 100 000 20 209 thru 228
1993 110 000 22 229 thru 250
l' $1 250 000 250
SERIES 4: For the purpose of acquiring and developing
the following aAC3e-rihedd parcel of land Located.
at the northeast corner of 18th Street and
Meridian Avenue for the purpose of completing
the Civic-Convention Center Complex land plan
and as a proposed site for the new City Hall,
said parcel of land being legally described
as follows :
Lots 1 and 2, Block 7, AMENDED GOLF COURSE
SUB. , Plat Book 6, page 26, of the Public
Records of Dade County, Florida, together
with 30 ' strip on easterly property line
known as "Bridle Path".
$1, 300, 000. 00
Said Series 4 bonds in the principal amount of $1, 300, 000
shall be known as "1973 Civic-Convention Center Complex and
City Hall Bonds", and shall be numbered and mature as follows :
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OFFICE OF CITY ATTORNEY-1130 WASHINGTON AVENUE-MIAMI BEACH, FLORIDA 33139
No. of Bond
9-01 Amount Bonds Numbers
1974 $ 20 000 4 1 thru 4
1975 20 000 4 5 8
1976 25 000 5 9 13
1977 25 000 5 14 18
1978 40 000 8 19 26
1979 40 000 8 27 34
1980 40 000 8 35 42
1981 50 000 10 43 52
4 1982 50 000 10 53 62
1983 60 000 12 63 74
1984 60 000 12 75 86
1985 70 000 14 87 100
1986 70 000 14 101 114
1987 80 000 16 115 130
1988 95 000 19 131 149
1989 105 000 21 150 170
1990 110 000 22 171 192
1991 110 000 22 193 214
1992 110 000 22 215 236
1993 120 000 24 237 _ 260
$1 300 000 260
t
CE.RTRS 5 : For the purpose of acquiring and developing for
parks, recreational and open space purposes,
the following described parcel of land being
the property adjacent to the Manilow property
on Pine Tree Drive, to wit :
Lots 5, 6, and 7, FLAMINGO BAY SUB. NO.1,
Plat Book 6, page 101, of the Public
Records of Dade County, Florida.
$1, 100, 000.00
Said Series 5 bonds in the principal amount of $1, 100, 000
shall be known as "1973 Flamingo Bay Subdivision Parks and
Recreational Land Bonds", and shall be numbered and mature as
follows :
- 5 -
OFFICE OF CITY ATTORNEY--1130 WASHINGTON AVENUE-MIAMI BEACH, FLORIDA 33139
No.of Bond
9-01 Amount Bonds Numbers
1974 $ 10 000 2 1 thru 2
1975 10 000 2 3 4
1976 15 000 3 5 7
1977 15 000 3 8 10
1978 30 000 6 11 16
1979 30 000 6 17 22
1980 30 000 6 23 28
1981 40 000 8 29 36
1982 40 000 8 37 44
1983 50 000 10 45 54
1984 50 000 10 55 64
1985 60 000 12 65 76
1986 60 000 12 77 88
1987 70 000 14 89 102
1988 85 000 17 103 119
1989 95 000 19 120 138
1990 100 000 20 139 158
199.1 100 000 20 159 178
1992 100 000 20 179 198
1993 110 000 22 199 220
$1 100 000 220
SERIES 6 : For the purpose of purchasing, constructing,
and adding an addition to the South Shore
Community Center of a multi-purpose meeting
room.
$300, 000.00
Said series 6 bonds in the principal amount of $300, 000
shall be known as "1973 South Shore Community Center Bonds",
and shall be numbered and mature as follows :
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OFFICE OF CITY ATTORNEY--1130 WASHINGTON AVENUE-MIAMI BEACH, FLORIDA 33139
DUE _
SEPTEMBER 1 AMOUNT NUBONDS E BONDS
U D
1974. 5,000 1 1
75 5,€00 1 2
76 5,000 1 3
77 5,000 1 4
78 10,000 2 5 - 6
79 10,000 2 7 .. 8
80 105000 2 9 - 10
81 10,000 2 11 - 12
82 15,000 3 13 -- 15
83 15,000 3 16 - 13
84 15,000 3 19 - 21
85 15,000 3 22 - 24
86 15,000 3 25 - 27
87 20,000 4 23 - 31
88 20,000 4 32 - 35
89 25,000 5 36 - 40
90 25,000 5 41 - 45
91 25,000 5 46 - 50
92 25,000 5 51 - 55
93
25,000 `s 56 - 60
300,000 60
SECTION 3 . That said bonds shall be callable for redemption as
shall be hereafter determined by Resolution to be
adopted by the City Council. Notice of such intended redemption
in each case shall be published at least once, at least thirty (30)
days prior to the date of redemption, in a financial journal pub-
lished in the City of New York, New York. Interest shall cease
to accrue on any bonds so called for prior redemption on the re-
demption date if adequate funds have been duly provided for the
redemption thereof.
SECTION 4. That all of the bonds herein authorized and referred
to in Section 2 of this Resolution shall be in the
denomination of $5, 000. 00 each, and shall be designated "1973
Public Improvement Bonds " followed by a brief description of the
purpose, as hereinabove provided, and shall be alike in form,
except as to statement of Series, purpose, and the dates of
maturities and numbers, and the form of said bonds, coupons and
registration endorsement, as well as the manner of execution of
said bonds and coupons, and certificates of validation shall be
substantially as follows :
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OFFICE OF CITY ATTORNEY-1130 WASHINGTON AVENUE-MIAMI BEACH, FLORIDA 33139
•
No. UNITED STATES OF AMERICA $5, 000.00
STATE OF FLORIDA, COUNTY OF DADE
CITY OF MIAMI BEACH
PUBLIC IMPROVEMENT BOND
(Here insert Series No. and statement of purpose)
KNOW ALL MEN BY THESE PRESENTS, that the City of
Miami Beach, in the County of Dade, and State of Florida, is
justly indebted, and for value received, hereby promises to
pay to the bearer, or if registered, to the registered owner
hereof, on the 1st day of September, 19 , the principal
sum of
FIVE THOUSAND DOLLARS
with interest thereon, at the rate of percent per annum,
payable semi-annually, on the first day of March and the first
day of September in each year upon the presentation and surrender
of the annexed interest coupons as they severally become due.
Both the principal and interest of this bond are payable in lawful
money of the United States of America, at the office of Chemical
Bank in the City of New York. For the prompt payment hereof, both
principal and interest, as the same shall become due, the full
faith, credit and resources of said City of Miami Beach are
irrevocably pledged.
This bond is one of a series of like tenor, date and
amount, but maturing at different times, issued by said City for
the purpose of paying the cost of certain Public Improvements in
the City of Miami Beach, Florida, as stated in the caption hereof,
and more particularly described in Resolution No. 73-13942 of the
City Council of said City, passed and adopted on March 7, 1973,
under the authority of and in full compliance with the Constitution
and Statutes of the State of Florida, including Chapter 100,
Florida Statutes, and the City Charter, being Chapter 7672 of the
Laws of Florida of 1917 and Acts amendatory thereof and supplemen-
tal thereto, and has been authorized and approved by a majority
of those voting in said special election, which said election was
called and held, and the result declared and recorded in the
manner prescribed by law.
(Insert redemption provisions determined by
subsequent Resolution)
It is hereby certified and recited that all acts, con-
ditions and things required to happen, exist, or to be done pre-
cedent to and in the issuance of this bond by said Charter and
the Laws and Constitution of the State of Florida, have happened,
exist and have been performed; that provision has been made for
the levy and collection of a direct annual tax upon all taxable
property within said City, sufficient to pay the interest and
principal of this bond as the same shall become due, and that the
total indebtedness of said City, including this bond, does not
exceed any constitutional or statutory limitation thereof. This
bond may be registered as to principal, in accordance with the .
provisions endorsed hereon.
IN WITNESS WHEREOF, the said City of Miami Beach,
Florida, has caused this bond to be executed by its Mayor and
attested by its City Clerk and Finance Director (the facsimile
signatures of said Mayor and City Clerk and Finance Director
being imprinted or reproduced on this bond, and on the validation
- 8 -
Off!CE OP CITY ATTORNEY-1130 WASHINGTON AVENUE-MIAMI BEACH, FLORIDA 33139
•
legend appearing hereon, provided that at least one of said
officers shall manually apply his signature on said bond) ;
and the corporate seal of said City has been impressed or
imprinted hereon, and the interest coupons hereto attached,
executed by said officials, by their facsimile signatures, all
as of the first day of March, 1973.
Mayr
Attest :
City Clerk-Finance Director
Form of Coupon
No.
On the 1st day of , 19 , the City of Miami
Beach, Florida, will pay to the Bearer at the Chemical Bank,
New York City, New York, the sum of Dollars
($ ) in lawful money of the United States of
America, as provided in and for the interest then due on its
Public Improvement Bond, Series , dated the 1st day
of , 19 , and numbered
Mayor
Attest :
City Clerk-Finance Director
- 9 -
OFFICE OF CITY ATTORNEY-1130 WASHINGTON AVENUE-MIAMI BEACH, FLORIDA 33139
•
ENDORSEDiENT CONCERNING VALIDATION
This bond is one of a series of bonds which were
validated and confirmed by decree of the Circuit Court of the
Eleventh Judicial Circuit of the State of Florida, in and for
Dade County, rendered on , 19 •
•
ENDORSEMENT CONCERNING REGISTRATION •
This bond may be registered in the name of- the holder
on the books to be kept by the Chemical Bank, as Registrar, or
such other Registrar as may hereafter be duly appointed, as to
principal only, such registration being noted hereon by such
Registrar in the registration blank below, after which no
transfer shall be valid, unless made on said books by the
registered holder or his attorney, duly authorized and similarly
noted, in the registration blank below, but it may be discharged
from registration by being transferred to bearer, after which
it shall be transferable by delivery, but it may`again be
. registered as before. The registration of this bond as to
. principal shall not restrain in the negotiability of the coupons
by delivery merely, but the coupons may be surrendered, and
• the interest made payable only to the registered holder, in
which event the Registrar shall note in the registration blank
below that this bond is registered as to interest, as well as
principal, and thereafter, the interest will be remitted by
mail to the registered holder. With the consent of the holder,
and of the City of Miami Beach, this bond when converted into
a bond registered as to both principal and interest, may be
reconverted into a coupon bond, and again converted into a bond
registered as to both principal and interest, as hereinabove
provided. Upon reconversion of this bond, when registered as
to principal and interest into a coupon bond, coupons representing
the interest to accrue upon this bond to date of maturity shall
be attached hereto by the Registrar. The Registrar shall note
in the registration blank below whether this bond is registered
as to principal only, or payable. to bearer.
DATE OF REGISTRATION NAME OF REGISTERED OWNER REGISTRAR-
SECTION
5. That in each year while any of the bonds referred
to in Section 2 of this Resolution shall be out-
standing, there shall be levied on all of the taxable property
4 within said City, a direct annual tax sufficient to pay the
principal and interest falling due in the following year upon
said bonds, which tax shall be collected as other City taxes are
collected, and shall be used for no other purpose than the
payment of said principal and interest.
SECTION 6. That the City Attorney is hereby authorized and
directed to proceed in the name of said City to
have said bonds validated by the Circuit Court of Dade County,
Florida. •
•
-10-
OFFICE OF CI1Y ATTORNEY-.130 WASE;NGTOM AVENUE-MIAMI REACH, FLORIDA 33119
•
SECTION 7: That said bonds shall be executed in the name of
the City by the Mayor, and attested by the City
Clerk-Finance Director, one of which signatures may be a
facsimile signature, and shall have affixed thereto, or printed
or reproduced thereon, the corporate seal of the City. In case
any one or more of the officers who shall have signed or sealed
any of the bonds shall cease to be such officer of the City
before the bonds so signed and sealed have been actually sold
and delivered, such bonds may, nevertheless, be sold and delivered,
as herein provided, and may be issued as if the person who signed
or sealed such bonds had not ceased to hold such office. Any bond
may be signed and sealed on behalf of the City by such person, as
at the actual time of the execution of such bonds shall hold the
proper office in the City, although at the date of such bonds
such person may not have held such office, or may not have been
so authorized.
The coupons to be attached to the bonds shall be
authenticated with the facsimile signatures of the present, or
any future Mayor and City Clerk-Finance Director, and the City
may adopt, and use for that purpose, the facsimile signature of
any of said pers®ns who shall have been such officers at any
time on or after the date of the bonds notwithstanding that they
may have ceased to be such officers at the time when said bonds
shall be actually sold and delivered.
SECTION 8. That this Resolution shall be in force and effect
immediately upon its adoption.
PASSED and ADOPTED this 7th day of March, 1973.
Mayor
Attest :
(AILl�.
City Clerk-Finance Director
4vivw.a... / a-41.a
ge,p4
- 11 -
OFFICE OP CITY ATTORNEY-1130 WASHINGTON AVENUE-MIAMI BEACH, FLORIDA 33139
'Cte43- iZ9/cA.
RESOLUTION NO. 80-16230
A RESOLUTION OF THE CITY COMMISSION
OF THE CITY OF MIAMI BEACH, FLORIDA,
AMENDING RESOLUTIONS NOS. 13041-A,
13079 AND 73-13942 OF THE CITY
COUNCIL, NOW CALLED THE CITY COMMISSION,
TO INCLUDE THE ADDITIONAL ALTERNATIVE
PURPOSES AUTHORIZED AT AN ELECTION
HELD ON NOVEMBER 6, 1979.
WHEREAS, the City Council , now called the City •
Commission, adopted on June 24 , 1970, Resolution No.
13041-A authorizing the issuance of $2 , 500 , 000 General
Obligation Bonds entitled "Waste Disposal Facility
Bonds" ; and
WHEREAS, the City has issued $2 ,500 ,000 of
said Waste Disposal Facility Bonds; and
WHEREAS, there remains $2 ,414 ,919 of unexpended
proceeds of the Waste Disposal Facility Bonds; and
WHEREAS, the City Council , now called the City
;'ommission, adopted on August 17 , 1970 , Resolution No.
13079 authorizing the issuance of General Obligation Bonds
including, $1, 500, 000 '.'Biscayne Bay Public Park Acquisition
Bonds" ; and
WHEREAS, the City has issued $1, 500 ,000 of said
Biscayne Bay Public Park Acquisition Bonds; and
WHEREAS, there remains $384 ,622 of unexpended
proceeds of the Biscayne Bay Public Park Acquisition
Bonds ; and.
WHEREAS, the City Council , now called the City
Commission, adopted on March 7 , 1973 , Resolution No. 73-
135 =2 authorizing the issuance of General Obligation Bonds
inc 2.ding, $2 , 500 , 000 "1973 Park and Recreation Land Bonds
(Ser_es 2B) " ; and
WHEREAS, the City has issued $2, 500, 000 of said
1973 Park and Recreation Land Bonds (Series 2B) ; and
WHEREAS, there remains $1, 419, 996 of unexpended
proceeds of the 1973 Park and Recreation Land Bonds (Series
2B) ; and
WHEREAS, the City has determined that it would be
in the best interest of the inhabitants of the City if such
unexpended bond proceeds may be used for the alternative
purposes , hereinafter stated, which would benefit the health
and welfare of such inhabitants, in addition to those purposes
originally authorized under the proceedings which authorized
the particular bonds; and
WHEREAS, in order to provide for the use of such
unexpended bond proceeds for additional purposes other than
those originally authorized under the proceedings which authori
the particular issue of bonds, it was necessary for the City
to submit to the qualified electors of the City such additional
purposes at an election duly held on November 6, 1979 ; and
WHEREAS, the duly registered and qualified
voters of the City of Miami Beach, participating in the
election held according to law in the City of Miami
Beach, Florida, on November 6, 1979, authorized the
amending of said Resolutions Nos. 13041-A, 13079 and
73-13942 of the City Council to include the additional
alternative purposes hereinafter stated.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY
ol.zassioN OF THE CITY OF MIAMI BEACH, FLORIDA:
• Section 1. That pursuant to said election,
Resolutions Nos. 13041-A, 13079 and 73-13942 are hereby
amended to include the following alternative purposes,
"construction of new, or improvement of existing, handball
courts, golf courses, club houses, parks, community
centers and other recreational facilities ; improvements
to the City's libraries, museum and Garden Center; im-
provements to the City' s Police, Fire and Sanitation
facilities and capital equipment; construction and
improvements to the City' s streets and sewers; and im-
provements and additions to the City' s public beach and
park facilities" .
Section 2. That such unexpended bond proceeds
referred to in the preamble hereof shall be used for either
those purposes originally authorized under the proceedings
which authorized the particular bonds or those additional
purposes approved by the qualified electors of the City in
accordance with the election held on November 6, 1979 .
Section 3. That this Resolution shall be in
force and effect immediately upon its adoption.
PASSED and ADOPTED this 19th day of March
1980 .
Mayor
ATTEST:
(SEAL)
4244,a
City Clerk