HomeMy Public PortalAbout1993-21 Authorizing the issuance of not exceeding $9,500,000 of land acquisition revenue bondsORDINANCE NO. 93-21
AN ORDINANCE OF THE VILLAGE OF KEY BISCAYNE,
FLORIDA AUTHORIZING THE ISSUANCE OF NOT
EXCEEDING $9,500,000 OF LAND ACQUISITION
REVENUE BONDS OF THE VILLAGE OF KEY BISCAYNE,
FLORIDA; PROVIDING FOR A SUPPLEMENTAL
RESOLUTION SETTING FORTH THE DETAILS OF SAID
BONDS; AND PROVIDING AN EFFECTIVE DATE.
WHEREAS, the Village Council (the "Council") of the Village of
Key Biscayne, Florida (The "Village") desires to authorize the
issuance of not exceeding $9,500,000 Land Acquisition Revenue Bonds
(the "Bonds") for the purpose of acquiring and improving certain
undeveloped real property, commonly known as the "Tree Farm
property", located in the Village for Village purposes, and paying
costs of issuance of the Bonds; and
WHEREAS, the Council desires that the Bonds be secured by
certain available revenues of the Village, to be determined by
subsequent resolution of the Council;
NOW, THEREFORE, BE IT ORDAINED BY THE VILLAGE COUNCIL OF THE
VILLAGE OF KEY BISCAYNE, FLORIDA, AS FOLLOWS:
Section 1. In accordance with the provisions of the
Charter of the Village of Key Biscayne, Florida and Chapter 166,
Florida Statutes, there are hereby authorized to be issued Land
Acquisition Revenue Bonds of the Village, in one or more series, in
an aggregate principal amount not to exceed Nine Million Five
Hundred Thousand Dollars ($9,500,000) for the purpose of acquiring
and improving the "Tree Farm property" located in the Village for
Village purposes, and paying costs of issuance of the Bonds. The
Bonds shall be designated "Village of Key Biscayne, Florida Land
Acquisition Revenue Bonds, Series " (inserting a year or letter
or both to identify the particular series), or such other
designation as may be approved by supplemental resolution, shall be
dated such date, shall be in such denominations, shall be stated to
mature in such year or years not later that twenty (2 0) years from
their date of issuance, shall bear interest from their dated date
at a rate or rates not exceeding the maximum rate permitted by law
at the time of issuance of the Bonds, shall be subject to redemption
at the option of the Village at such times and prices, and shall
have such other details, all as shall hereafter be determined by the
Council by supplemental resolution.
VILLAGE CLERK
Section 2. The Village Manager is hereby authorized to
negotiate with banks or other financial institutions for the
purchase of the Bonds with respect to the terms of the Bonds. The
Village Attorney and Bond Counsel to the Village are hereby
authorized to draft documents and to do all other things necessary
to accomplish the issuance and sale of the Bonds.
Section 3. This Ordinance will become effective
immediately upon adoption on second reading.
PASSED AND ADOPTED on first reading this 23rd day of November,
1993.
PASSED AND ADOPTED on second reading this 14th day of December,
1993.
, ,9,-.
OR JOHN F. FESTA
ATTEST:
APPROVED AS TO FORM AND LEGAL SUFFICIENCY:
2
one year n
copy of
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MIAMI DAILY BUSINESS REVIEW
Published Daily except Saturday, Sunday and
Legal Holidays
Miami, Dade County, Florida.
STATE OF FLORIDA
COUNTY OF DADE:
Before the undersigned authority personally appeared
Sookle Williams, who on oath says that she is the Vice
President of Legal Advertising of the Miami Daily Business
Review f/k/a Miami Review, a daily (except Saturday, Sunday
and Legal Holidays) newspaper, published at Miami in Dade
County, Florida; that the attached copy of advertisement,
being a Legal Advertisement of Notice In the matter of
VILLAGE OF KEY BISCAYNE
MEETING - DECEMBER 14, 1993
RE: ORDINANCE AUTHORIZING THE
ISSUANCE OF NOT EXCEEDING $9,500,000
OF LAND ACQUISITION REVENUE BONDS, etc.
'n the X X X Court,
,,as published in said newspaper in the issues of
December 3, 1993
Affiant further says that the said Miami Daily Business
Review is a newspaper published at Miami in said Dade
County, Florida, and that the said newspaper has heretofore
been continuously published in said Dade County, Florida,
each day (except Saturday, Sunday and Legal Holidays) and
has been entered as second class mall matter at the post
office in Miami in said Dade County, Florida, for a period of
t preceding the first publication of the attached
rtisement; and affiant further says that she has
nor promised any person, firm or corporation
t, rebate, commission or refund for the purpose
this advertisement for publication in the said
9
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Sworn to and subscribed before me this
3.... ay .D ' 'C tuber 19.
(SEAL)
Sookie Williams pers
OFF L NOT
AGNES E: PENA
NOTARY PUBLIC STATE OF FLORID
COMMISSION NO. CC 172108
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OMMISSION
N EXP. JAN. 6*19%
VILLAGE OF KEY INMATES
PUBLIC NOTICE
Notice is hereby given that the following ordinance will be con-
sidered on Second Reading by the Key Biscayne Village Council at
a meeting to be held on Tuesday, December 14, 1993, at 7:00 p.m.,
in the Council Chamber, at 85 West -McIntyre Street, Second Floor,
Key Biscayne, Florida:
AN ORDINANCE OF THE VILLAGE OF KEY BISCAYNE,
FLORIDA AUTHORIZING THE ISSUANCE OF NOT EXCEED-
ING $9,500,000 OF LAND ACQUISITION REVENUE BONDS
OF THE VILLAGE OF KEY BISCAYNE, FLORIDA; PROVID-
ING FOR SUPPLEMENTAL RESOLUTION SETTING FORTH
THE DETAILS OF SAID BONDS; AND PROVIDING AN
EFFECTIVE DATE.
Interested parties are invited to appear and be heard. Copies of
the proposed ordinance may be obtained at Village Hall, Office of
the Village Clerk, 85 West McIntyre Street, Key Biscayne, Florida
33149.
Should any person desire to appeal any decision of the Village
Council with respect to any matter to be considered at this meet-
ing, that person shall insure that a verbatim record of the proceedings
is made including all testimony and evidence upon which any appeal
may be based (F.S. 286.0105).
Guido H. Inguanzo, Jr.
Village Clerk
12/3 93-4-120309M