HomeMy Public PortalAbout2006-10 Authorizing the Issuance of not Exceeding $4,000,000 of Road Improvement Revenue BondsORDINANCE NO. 2006-10
AN ORDINANCE OF THE VILLAGE OF KEY BISCAYNE,
FLORIDA AUTHORIZING THE ISSUANCE OF NOT
EXCEEDING $4,000,000 OF ROAD 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 $4,000,000 of bonds for the purpose of
financing a portion of the costs of road improvements within the Village (Crandon Boulevard
Improvements --Phase III), financing architectural, engineering, environmental, legal and other
planning costs related thereto, and paying costs of issuance of the bonds; and
WHEREAS, the Council desires that the bonds be secured by revenues received by the
Village from Miami -Dade County derived from toll revenues from the Rickenbacker Causeway, 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 Road
Improvement Revenue Bonds (the "Bonds") of the Village, in an aggregate principal amount not to
exceed $4,000,000, in one or more series, for the purpose of financing a portion of the costs of road
improvements within the Village (Crandon Boulevard Improvements --Phase III), financing
architectural, engineering, environmental, legal and other planning costs related thereto, and paying
costs of issuance of the Bonds. The Bonds shall be designated Village of Key Biscayne, Florida
Road 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 sixteen (16) years from
their date of issuance, shall bear interest from their dated date at a rate or rates not exceeding the
041554820_2)
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. The supplemental resolution may
be adopted, and the Bonds may be issued, at any time after the effective date of this Ordinance.
Section 2. The 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 and 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 24th day of October , 2006.
PASSED AND ADOPTED on second reading this 14th day of
AT
AIN°
CHITA H. ALVAREZ, CMC, VILLAGE CL
APPROVED AS T FORM AND LEGAL SUFFI
VILLAGE AT • RNE
MAYOR ROBERT L. VERNON
VILLAGE OF KEYBISCAYNE
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 he or 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 - SECOND READING BY THE
VILLAGE COUNCIL FOR NOVEMBER 14, 2006
in the XXXX Court,
was published in said newspaper in the issues of
11/02/2006
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 he or
she has neither paid nor promised any person, firm or corporation
any discount, rebate, com . ..•n or refund for the purpose
of securing ' " adverb - ant f. r publication in the said
newspap
Sworn to and subscribed before me this
(SEAL)
O.V. FERBEYRE personally known to me
Maria 1 Mesa
My Commission DD293855
or „seExpires March 04, 2008
OFFICE OF THE VILLAGE CLERK
PUBLIC NOTICE;
Notice is hereby given that_the falfpwing ordinances wilt be considered on
Second Readingpythe .l illage _Councii_of the Village of Key Biscayne at a
meetiing to be held on Tuesday,. November 14, 2006 at 7:00 p.m., in the
Council. Chamber,. located at 500 Crandon ,Boulevard, Key Biscayne,
Florida:
AN ORDINANCE OF_ THE, VILLAGE OF' KEY BISCAYNE,
FLORIDA AUTHORIZING THE ISSUANCE OF NOT
EXCEEDING $4,000,000 OF ROAD ` IMPROVEMENT
REVENUE BONDS OF THE°VILLAGE OF.KEY BISCAYNE,
FLORIDA; P— BONDS
ING FOR - A SUPPLEMENTAL
RESOLUTIOre THE DETAILS OF SAID
BONDS; AND PROVIDING AN EFFECTIVE DATE.
AN ORDINANCE OF THE VILLAGE OF KEY BISCAYNE,
FLORIDA; AMENDING CHAPTER 30 "ZONING" OF THE
CODE OF'` KEY` I C =.FLORIDA_ ' BY AMENDING
DEVELOPMENT R SINGLE FAMILY AND
7'li_OOFAM1 'f! rte° t'I s MAXIMUM,' FLOOR
AREA RATIO -RE IRE FOB DiVkloPMENt ON
!INS, FOR , SEVERABILITY;
E=` CODE; AND
The pr ed by the public attbe Office of
the Village. Clerk.interested parties may appear at the Public Hearing and
be heard with reespect°10 proposed Ordinance. Any person wishing to
address the VillageVillageCdonOortany item at this Public Hearing is asked to
register with the Village elertc priprtothat item being heard.
In accordance- with the _Americans With= Disabilities Act of 1990, all
persons who are ,dis l need special accommodations to
participate ,i t is r pf dial dfsa "i i _ shoul contact the
Office. of t ;.:Vi age'. est Mclntyre, et, SUN' 0 Key
Biscayne, F1ori, a 33(49' t le ono' number- (006) 365-9546,- hot later
than two business dayepri to u i proceeding. - '
Should any person desire.to appeatany decision of the Village Council
with respect to an ter be idered=at'this meeting, ;that person
shalt Meth* theta-ve7b:WM' recbid ot.the proceedings ra.made including all
testimony and evidence up®rn= iyhie, any appeal may be based (F.S.
286.0105).
Convents (Orly
in wntira4,11 Lpr prese
11/2
elaffve tq this matter may be submitted
e public earit g:
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