HomeMy Public PortalAbout1994-03 Authorizing the incurring of indebtedness in an amount not to exceed $1,000,000ORDINANCE NO. 94-3
AN ORDINANCE OF THE VILLAGE OF KEY BISCAYNE,
FLORIDA; AUTHORIZING THE INCURRING OF
INDEBTEDNESS IN AN AMOUNT NOT TO EXCEED
$1,000,000.00; PROVIDING FOR THE APPROVAL OF
THE SPECIFIC TERMS AND CONDITIONS OF SUCH
INDEBTEDNESS BY RESOLUTION ADOPTED BY THE
VILLAGE COUNCIL; PROVIDING FOR REPAYMENT OF
SAID INDEBTEDNESS FROM AVAILABLE MUNICIPAL
REVENUES; PROVIDING FOR THE EXECUTION OF
DOCUMENTS; AUTHORIZING FURTHER OFFICIAL
ACTION; SPECIFYING GOVERNING LAW; PROVIDING
SEVERABILITY AND AN EFFECTIVE DATE.
WHEREAS, Article 8, Section 2(h) of the Constitution of the
State of Florida grants to municipalities such governmental,
corporate and proprietary powers as are necessary in order to enable
them to conduct municipal government, perform municipal functions,
and render municipal services; and
WHEREAS, Section 166.021(4), Florida Statutes, grants to
municipalities all powers not expressly prohibited by the
Constitution, general or special law, or County Charter; and
WHEREAS, Section 4.03(6) of the Charter of the Village of Key
Biscayne provides that the Village Council may by ordinance borrow
money; and
WHEREAS, the Village may need funds to pay for various
municipal expenses;
NOW, THEREFORE, BE IT ORDAINED BY THE VILLAGE COUNCIL OF KEY
BISCAYNE AS FOLLOWS:
Section 1. Authorization. The Village is hereby authorized
to incur indebtedness in an amount up to $1,000,000.00 to pay for
expenses and equipment as necessary.
Section 2. Terms of Indebtedness. The interest rate, terms,
maturity and other details of such indebtedness are subject to
approval by this Council by subsequent resolution.
Page 1 of 3
Section 3. Repayment. Such indebtedness shall be repaid by
the Village through taxes, fees, grants, and other revenues received
by the Village.
Section 4. Execution of Documents. The documents evidencing
such indebtedness shall be executed in the name of the Village by
the Mayor and shall be approved as to form and correctness by the
Village Attorney.
Section 5. Further Official Action. The Mayor, Vice Mayor,
Village Manager, and Village Attorney are hereby authorized,
empowered and directed to execute and deliver such other documents
and take other such actions which shall be necessary and appropriate
to incur the indebtedness.
Section 6. Governing Law. The provisions of this ordinance
shall be construed and enforced in accordance with the laws of the
State of Florida.
Section 7. Severability. The provisions of this Ordinance are
declared to be severable and if any section, sentence, clause or
phrase of this Ordinance shall for any reason by held to be invalid
or unconstitutional, such decision shall not affect the validity of
the remaining sections, sentences, clauses, and phrases of this
Ordinance but hey shall remain in effect, it being the legislative
intent that this Ordinance shall stand notwithstanding the
invalidity or any part.
Page 2 of 3
VILLAGE CLERK
Section 8. Effective Date. The Ordinance shall be effective
upon adoption.
PASSED AND ADOPTED ON FIRST READING this 8th day of March,
1994.
PASSED AND ADOPTED ON SECOND READING this 12th day of April,
1994.
APPROVED AS TO FORM AND LEGAL SUFFICIENCY:
44
VIM AGE ATTORNEY
Page 3 of 3
OR JOHN F. FESTA
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
Sookie 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 — April 12,1994
RE: Ordinance authorizing the incurring
of indebtedness in an amount not to
exceed $1,000,000.00, etc.
tie x • x •x Court,
published in said newspaper In the issues of
April 1, 1994
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
one year next preceding the first publication of the attached
rtisement; and afflant further says that she has
or promised any person, firm or corporation
rebate, commission or refund for the purpose
this advertisement for publication in the said
copy of a
neithe
any
of s
ne
aid
coun
urin
pap
(SEAL)
Sworn to and subscribed bef • e me this
day of
A.D. 19..
OFFICIAL OTA tt./t
AGN - L. PENA
Alt OF FLOR:0A
COMMISSION NO. CC ]72]04
Sookie Williams personally known to me. AMY COMMISSION EXP.... 6 1996
VILLAGE OF KEY BISCAYNE
PUBLIC NOTICE
Notice is hereby given that the following ordinance will be consid-
ered on Second Reading by the Key Biscayne Village Council at a
meeting to be held on Tuesday, April 12, 1994, at 7:00 p.m., in the
Council Chamber, 85 West McIntyre Street, Second Floor, Key Bis-
cayne, Florida:
AN ORDINANCE OF THE VILLAGE OF KEY BISCAYNE,
FLORIDA; AUTHORIZING THE INCURRING OF INDEBT-
EDNESS IN AN AMOUNT NOT TO EXCEED $1.000,000.00;
PROVIDING FOR. THE APPROVAL OF THE SPECIFIC
TERMS AND CONDITIONS OF SUCH INDEBTEDNESS BY
RESOLUTION ADOPTED BY THE VILLAGE COUNCIL;
PROVIDING FOR REPAYMENT OF SAID INDEBTEDNESS
FROM AVAILABLE MUNICIPAL REVENUES; PROVIDING
FOR THE EXECUTION OF DOCUMENTS; AUTHORIZING
FURTHER OFFICIAL ACTION; SPECIFYING GOVERNING
LAW; PROVIDING SEVERABILITY AND 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 Vil-
lage 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 meeting,
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).
4/1
Guido H. Inguanzo, Jr.
Village Clerk
94-4-040104M