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Ordinance 87-2583 ORDINANCE NO. 87-2583 AN ORDINANCE OF THE CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA AMENDING THE FIRST TWO PARAGRAPHS OF SECTION 31 OF THE MIAMI BEACH CITY CHARTER GOVERNING "TAX LEVY TO PAY LOCAL IMPROVEMENT BONDS GENERALLY. . . " , BY PROVIDING THAT IT SHALL BE NECESSARY TO SUBMIT TO THE ELECTORATE LOCAL IMPROVEMENT BONDS PLEDGED BY AD VALOREM TAXES; PROVIDING FOR SEVERABILITY; REPEALING ALL ORDINANCES IN CONFLICT THEREWITH; AND PROVIDING FOR AN EFFECTIVE DATE. BE IT ORDAINED BY THE CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA. SECTION 1. That the first two paragraphs of Section 31 of the City Charter of the City of Miami Beach, Florida are hereby amended to read as follows: Sec. 31. Tax levy to pay local improvement bonds generally; local improvement bond fund; further provisions as to local improvements. For the payment of the principal and interest of all bonds issued hereunder or under earlier provisions of the Charter repealed hereby, as they mature. the city commission is h_rchy authorized and-t-eqtii-reel to levy an annual special tax upon all taxable property within the city over and above all taxes authorized or limited by law or by the Charter of the city, sufficient to pay the interest and principal of said bonds at their several dates of maturity. The proceeds of such taxes, after the payment of accruing interest upon the bonds, shall be paid into a fund to be denominated "local improvement bond fund, " which shall be used for no other purpose than the payment of the principal of such bonds as they mature; provided however, that the amount of such annual tax levy may be reduced by the amount then contained in said local improvement bond fund, and by the amount of assessments actually collected and then remaining in the special assessment fund or funds applicable to said bonds as hereinabove provided. It shall not be necessary to submit to the electors of said city the proposition of i-s-atrirtg--3a-i -4rd,a- making of said improvements, or confirming the said special assessments, or any other manner or thing herein authorized, except that it shall be necessary to submit to the electors of the city the proposition of issuing bonds referred to hereinabove. and aAll proceedings of the city commission herein authorized may be taken by resolution, any provision of the Charter or general laws of the state to the contrary notwithstanding. 1 * * * * SECTION 2. REPEALER All Ordinances or parts of ordinances in conflict herewith be and the same are hereby repealed. SECTION 3. SEVERABILITY If any section, sentence, clause or phrase of this ordinance is held to be invalid or unconstitutional by any court of competent jurisdiction, then said holding shall in no way affect the validity of the remaining portions of this ordinance. SECTION 4. EFFECTIVE DATE This ordinance shall take effect ten (10) days after its adoption, on October 17 , 1987 . /s PASSED and ADOPTED this 7th day of October, . •�:�, 0 L__ �� Ara_...." IV • 'OR ATTEST: t_524,41 ;0 iall--// CITY CLERK 1st Reading - September 16, 1987 JKO/rg 2nd Reading - October 7, 1987 FORM APPROVED L.GAL D ;' ;. r a', By �A. I 1 4 Date_. 1 2 o w \ CIO 0 '0 ° E/ H o Cl) a) w w e 4 / cES W W / \/ 0 o / I .m a * J00 cr3 o , \ • / / . \ \ / \ \ Q o 12 ® \ uuu . e e \ Z % \ \/ / ) 0 / / .,--1 cd / / j a / / § w j t \ Mm\ / m -40 0 w 9oiet $ 0 E® \ \ C) 0 \ 4-) / \ U e = u a