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Home My Public Portal About1999-06 Authorizing the Issuance of not Exceeding $10,000,000 of Land Acquisition and Capital Improvement Revenue BondsORDINANCE NO. 99-6 AN ORDINANCE OF THE VILLAGE OF KEY BISCAYNE, FLORIDA AUTHORIZING THE ISSUANCE OF NOT EXCEEDING $10,000,000 OF LAND ACQUISITION AND CAPITAL IMPROVEMENT 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 $10,000,000 Land Acquisition and Capital Improvement Revenue Bonds (the "Bonds") or bond anticipation notes (the "Notes") for the purpose of purchasing land to be used for Village purposes, financing costs incident to the purchase of such land, such as survey and legal fees, financing a portion of the costs of construction of a fire station, police station, community center and Village administrative offices, financing architectural, engineering, environmental and other planning costs related thereto, and paying costs of issuance of the Bonds or Notes; and WHEREAS, the Council desires that the Bonds or Notes be secured by legally available non - ad valorem revenues of the Village, as further specified 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, Honda and Chapter 166, Florida Statutes, there are hereby authorized to be issued Land Acquisition and Capital Improvement Revenue Bonds (or Bond Anticipation Notes) of the Village, in an aggregate principal amount not to exceed $10,000,000, in one or more series, for the purpose of purchasing land to be used for Village purposes, financing costs incident to the purchase of such land, such as survey and legal fees, financing a portion of the costs of construction of a fire station, police station, community center and Village administrative offices, financing architectural, engineering, environmental and other planning costs related thereto, and paying costs of issuance of the Bonds or Notes. If Bonds are issued they shall be designated "Village of Key Biscayne, Florida Land Acquisition and Capital Improvement Revenue Bonds, 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 than twenty (20) 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. If Notes are issued, they shall be designated "Village of Key Biscayne, Florida Land Acquisition and Capital Improvement JDC/B.MISC/207924/13524.003 Revenue Bond Anticipation Notes, 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 than three (3) years from their date of issuance (not including any renewals or extensions of the Notes), 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 Notes, 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. The supplemental resolution may be adopted, and the Bonds or Notes may be issued, at any time after the effective date of this Ordinance. Section 2. The Village Manager is hereby authorized to negotiate with banks or other financial institutions for the purchase of the Bonds or Notes and with respect to the terms of the Bonds or Notes. The Village Attorney, Bond Counsel and the Financial Advisor 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 or Notes. Section 3. This Ordinance will become effective immediately upon adoption on second reading. PASSED AND ADOPTED on first reading this 8th day of June, 1999. PASSED AND ADOPTED on second reading this 22nd day of June, 1999. ATT ST: CONCHITA H. ALVAREZ, CMC, VILLAGE C JOE I. RASCO, MAYOR APPROVED AS TO FORM AND LEGAL SUFFICIENCY: RICHARD JAY4WEISS, V .AG : ATTORNEY JDC/B.MISC/207924-2/13524.003 2 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 Octelma V. Ferbeyre, who on oath says that she is the Supervisor, Legal Notices 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 ORDINANCE AUTHORIZING THE ISSUANCE OF NOT EXCEEDING $10,000,000 OF LAND ACQUISITION AND CAPITAL IMPROVEMENT REVENUE BONDS, ETC. in the .XXXX.X Court, was published in said newspaper in the issues of Jun 11, 1999 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 mail 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 copy of .advertisement; and affiant further says that she has neither paid nor promised any pe - - or corporation any disc , rebate, commi •�' - fun . for the purpose of sec mg this advertis e, o ublic tion in the said new pe, 11 day of , A.D. 19 Sworn to and subscribed before me this (SEAL) Octelma V. Ferbeyre personally kn June 99 ."‘ r OFFICIAL N • TARY SEAL j "1.e CHERYL. H MARMER O COMMISSION SWA6ER g[ CC545384 'i'FO MY C RMSSIO 2OSPS'lo S VILLAGE OF KEY BISCAYNE OFFICE OF THE VILLAGE CLERK 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, June 22, 1999 at 7:00 p.m., in the Council Chamber, located at 85 West McIntyre Street, Second Floor, Key Biscayne, Florida: AN ORDINANCE OF THE VILLAGE OF KEY BISCAYNE, FLORIDA, AUTHORIZING THE ISSUANCE OF NOT EX- CEEDING $10,000,000 OF LAND ACQUISITION AND CAP- ITAL IMPROVEMENT REVENUE BONDS OF THE VILLAGE OF KEY BISCAYNE, FLORIDA; PROVIDING FOR A SUPPLEMENTAL RESOLUTION SETTING FORTH THE DETAILS OF SAID BONDS; AND PROVIDING AN EFFEC- TIVE DATE. Interested parties are invited to appear and be heard. A copy of the proposed ordinance may be obtained at Village Hall, Office of the Vil- lage Clerk, 91 West McIntyre Street, Suite 203, Key Biscayne, Florida 33149. In accordance with the Americans With Disabilities Act of 1990, all persons who are disabled and who need special accommodations to participate in this proceeding ing because of that disability should contact the Office of the Village Clerk, 91 West McIntyre Street, Suite 203, Key Biscayne, Florida 33149, telephone number (305) 365-5506, not later than two business days prior to such proceeding. 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). 6/11 Conchita H. Alvarez CMC Village Clerk 99-4-061105M