R-0879-91 RESOLUTION NO. 879-91
RESOLUTION DECLARING AND CONFIRMING RESULTS OF
REFERENDUM ON PROPOSAL TO INCUR GENERAL
OBLIGATION DEBT THROUGH GENERAL OBLIGATION
BONDS OR OTHER SIMILAR INDEBTEDNESS SECURED
BY THE VILLAGE 'S FULL FAITH AND CREDIT IN A
PRINCIPAL AMOUNT NOT TO EXCEED $1 ,000,000 TO
PAY THE COST OF CONSTRUCTING A NEW PUBLIC
SWIMMING POOL TO BE OWNED BY THE VILLAGE
PROVIDED THAT SUCH GENERAL OBLIGATION DEBT
SHALL NOT BEAR INTEREST AT A RATE IN EXCESS
OF THE MAXIMUM RATE PERMITTED BY LAW AND
MATURE NO LATER THAN 2011 .
BE IT RESOLVED BY THE COUNCIL OF MIAMI SHORES VILLAGE, FLORIDA:
Section 1 . The results of the election on
April 9, 1991 , on the Proposal to Incur general obligation debt
through general obligation bonds or other similar Indebtedness
secured by the Village's full faith and credit in a principal
amount not to exceed $1 ,000,000 to pay the cost of constructing a
new public swimming pool to be owned by the Village provided that
such general obligation debt shall not bear Interest at a rate in
excess of the maximum rate permitted by law and mature no later
than 2011 , are hereby declared to be 533 for said proposal and 974
opposed to said proposal .
Section 2 . Based upon the foregoing election
results, the proposal mentioned In Section 1 . hereof is declared
to have been defeated by the electorate of Miami Shores Village.
PASSED and ADOPTED this 16th day of April , 1991 .
MIAMI RES VIL
NRY OU NEY, YOR
ATTEST :
GAIL MACDONALD
MIAMI SHORES VILLAGE CLERK
By
Scott W. Davis, Deputy Village Clerk
APPROVED AS TO FORM:
By
a
William F. Fan N, V l I agb Attorne