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Home My Public Portal About2000-08 Authorizing the Issuance of not Exceeding $10,000,000 of Capital Improvement Revenue BondsORDINANCE NO. 2000-8 AN ORDINANCE OF THE VILLAGE OF KEY BISCAYNE, FLORIDA AUTHORIZING THE ISSUANCE OF NOT EXCEEDING $10,000,000 OF 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 Capital Improvement Revenue Bonds (the "Bonds") or bond anticipation notes (the "Notes") for the purpose of financing a portion of the costs of construction of a fire station, police station, community center and Village administrative offices, financing architectural, engineering, environmental, legal 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, Florida and Chapter 166, Florida Statutes, there are hereby authorized to be issued 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 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 Capital Improvement Revenue Bonds" (with appropriate series designation), 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 Capital Improvement Revenue Bond Anticipation Notes"(with appropriate series designation), 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 JDC/B.LEGISL/285490/09900.007 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 6th day of June , 2000. PASSED AND ADOPTED on second reading this 1 lth day of July 2000. sid/e6, CONCHITA H. ALVAREZ, CMC, VILLAGE CI '' APPROVED AS TO FORM AND LEGAL SUFFICIENCY: RICHARD JAY WEISS, VILLAGE ATTORNEY JDC/B.MISC/207924-2/13524.003 2 �4 c MAYOR JOE I. RASCO MIAMI DAILY BUSINESS REVIEW Published Daily except Saturday, Sunday and Legal Holidays Miami, Miami -Dade County, Florida. STATE OF FLORIDA COUNTY OF MIAMI-DADE: Before the undersigned authority personally appeared Octelma V. Ferbeyre, who on oath says that she is the Supervisor, Legal Notices of the Miame Daily Business Review f/k/a Miami Review, a daily (except Saturday, Sunday and Legal Holidays) newspaper, published at Miami in Miami - Dade County, Florida; that the attached copy of advertise- ment, being a Legal Advertisement of Notice in the matter of VILLAGE OF KEY BISCAYNE MEETING JULY 11, 2000 ORDINANCE AUTHORIZING THE ISSUANCE OF NOT EXCEEDING $10,000,000 OF CAPITAL, ETC. in the XXXXX Court, w pri listed in sa djrpaper in the issues of Affiant further says that the said Miami Daily Business Review is a newspaper published at Miami in said Miami - Dade County, Florida, and that the said newspaper has heretofore been continuously published in said Miami -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 Miami -Dade County, Florida, for a period of one year next preceding the first publication of the attached co . y of advertisement; and affiant further - that s - - ne = r paid nor promised any person, fi r cor; - - on any scount, rebate, com- mission or r d 1. � r rpose of curing this advertise- ment for p ca � ,rt said news : per. (SEAL) ore met2000 .erg �,� ••` F MARIA I MESA «r *- MY C MP�!1SSlON # CC 885640 ,,� ��Cno l March 4, 2004 • of �-°:� Bonded Thru Notary Public Underwriters ,F .. , Octelma V. Ferbeyr 4 VILLAGE OF KEY EISNE - OFFICE OF THE VILLAGE CLERK PUBLIC NOTICE Notice is hereby given that the following.ordinance will be -considered on Second Beading by the Key Biscayne -Wage Council at a meeting to be held on Tuesday, July 11, 2000at 7:00p.m., in the Council Chamber, located at 85 WestMcIntyre Street, Second Floor, Kay Biscayne; Flori da: AN ORDINANCE OF THE VILLAGE OF KEY BISCAYNE, FLORIDA, AUTHORIZING THE ISSUANCE OF NOT: { EXCEEDING $10,000,000 OF CAPITAL_ IMPROVEMENT REVENUE -BONDS OF THE VILLAGE OF KEY BISOAYIkE, FLORIDA- PROVIDING FOR A SUPPLEkE14TAL RESOLLIIION SETTING FORTH THE DETAILS , OF SAID BONDS; AND PROVIDING AN EFFECTIVE DATE. Interested patties are Invited to appear and be heard. A copy of the pro- , posed ordinance marbe obtained at VBage Hall, Office of the Village Clerk, 91 West McIntyre Street, Suite 203, Key Biscayne, Florida 33149. In accordance with the Americans With Disabilities Act of -1990, all per- sons who are disabled and who need special accommodations to partici- °pate in this proceeding because of that disability should contact the Office , of the Village Clerk, 91 West Mclntyter°3trseet„ Suite 203, Key Biscayne, Florida 33149, telephone number (305) 36S 51506, not later than two busi- ness days prior to such prdceedirtg. Should any person desire to appeaLany decision of the Village Council with respect to any -matter to becansidenod at this meeting, that person shall insure that a verbatim record -of the proceedings isamadeinduding;di - testimony and evidence upon which any appeal -may, be based (F.S.286.0105). Conchita H. Alvarez, CMC Village Clerk 6/27 00-4-08/66918M