The URL can be used to link to this page

Home My Public Portal About2002-02 Authorizing the Issuance of not Exceeding $1,500,000 of Land Acquisition Revenue BondsORDINANCE NO. 2002-2 AN ORDINANCE OF THE VILLAGE OF KEY BISCAYNE, FLORIDA AUTHORIZING THE ISSUANCE OF NOT EXCEEDING $1,500,000 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 $1,500,000 Land Acquisition Revenue Bonds (the "Bonds") or bond anticipation notes (the "Notes") for the purpose of financing a portion of the costs of acquiring land located at 530 Crandon Boulevard (the current Citgo station site) for V illage p urposes, financing a rchitectural, e ngineering, e nvironmental, legal and o ther planning costs related thereto, and paying costs of issuance of the Bonds or Notes; and WHEREAS, the amount of Bonds authorized herein is not in any way to be construed as an indication of what the Village Council believes to be the value of the property; 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 Land Acquisition Revenue Bonds (or Bond Anticipation Notes) of the Village, in an aggregate principal amount not to exceed $1,500,000, in one or more series, for the purpose of financing a portion of the costs of acquiring land located at 530 Crandon Boulevard (the current Citgo station site) for Village purposes, financing architectural, engineering, environmental, legal 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 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 Land Acquisition 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 M1010487_1 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, Acting Village Manager and the Village Finance Director are each 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 19th day of March, 2002. PASSED AND ADOPTED on second reading this 23rd day of April, 2002. T: lade CONCHITA H. ALVAREZ, CMC, VILLAGE APPROVED AS TO FORM AND LEGAL SUFFIC RICHARD JAY WEISS, VILLAGE ATTORNEY M1010487_1 2 0,--.,t,:fi,,,ilt.,5,0), 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 O.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 Miami -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 23, 2002 RE: ORDINANCE in the XXXX Court, was published in said newspaper in the issues of 04/11/2002 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 copy of advertisement; and affiant further says that she has neither paid nor promised any person, firm or corporation any discount, reba -, om •n • refund for the purpose of securing this blication in the said newspaper. nd subscribed (SEAL) O.V. FERBEYRE perso VILLAGE Of KEY BISCAra OenCE`+F THE VILLAGEcuEstic PUBLIC NOTICE ' Notice is hereby given that the following ordinance will be considered on Second Reading, by the Village Council of the Village of Key Biscayne at a meeting' Lo' be held on Tuesday, April 23, 2002 st 7:00, p.rn., in the: CouncilChamber,iocat_ed'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 $1,500,000 OF LAND ACQUISITION REVENUE BONDS OF THE VU.LAGE OF KEY BISCAYNE, FLORIDA; PROVIDING FOR A SUPPLEMENTAL RESOLUTION SETTING FORTH THE DETAILS OF SAID BONDS; AND PROVIDING AN EFFEC- TIVE DATE. The proposed Ordinance may be Inspected by the public at the Office of the Village Clerk. Interested parties may appear at the Public Hearing and be heard with respect to the proposed Ordinance: Any person.wishing, to address the Village Council on any item at this PublicHearing is asked to register with the Village Clerk prior to that item being heard.. In accordance with the Americans With Disabilities Act of 1990, all per- sons who are disabled and who need special accomrnodations,to partici- pate in this proceeding because oflhat disability shouldtontact 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 busi- ness days prior to such proceeding. Should any person desire to appeal any decision of the Village Cowell with respect to any matter to -be considered at this, meeting, that person shaH insure that a verbatim recaordvf the proceedings is maderihduding all testimony and evidence upon which any appeal may -be-, based (F.S. 286.0105). Comments of any interested party relative to this.matttrmay be submit- ted in writing and or presented in person at the public Blearing. Conchita H. Alvarez, CMC Village Clerk i 4/11 . • ..02-4-46/2531 78M