Resolution 12572 RESOLUTION NO. 12572
WHEREAS, it is estimated that as of January 1 , 1969, there will
be in the Surplus Revenue Fund of the City of Miami Bach Parking
Revenue System, the sum of $436,695.00, of which sum $154,232.00 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 $154,232.00
be expended for the redemption and retirement of 'arking Revenue 3onds,
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 Deoositary designated in said Resolutions, be and
it is hereby authorized and directed, in accordance with the provisions
of Resolutions 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 $154,232.00 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
transmitted 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 November , 1968.
�'` rik Mayor
ATTEST:
City Clerk-Finance Director
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