11-09-1953 Special Meeting 179
SPECIAL MEETING
MIAMI SHORES VILLAGE COUNCIL
November 9, 1953
A special meeting of the Village Council of Miami Shores Village,
Florida, was held at 4:00 o'clock P. M. , November 9, 1953, at the Village
Hall, with the following Councilmen present:
Mayor S. D. Phillips, Jr.
William E. Carpenter
Dean R. Claussen
Absent: M. E. Reynolds
Michael J. Franco
Mr. Thomas H. Anderson, Village Attorney, was present.
This meeting was called for the purpose of awarding a contract
on the Country Club improvements according to plans prepared by Watson
and Deutschman, and to discuss the method of financing. Mr. Leonard
Usina and Mr. Sam Brown of the Peoples National Bank were also present.
Mr. McCall reported that the Council had been considering a
chattel mortgage on the furnishings and equipment of the Country Club.
Mr. Usina stated that it could also be arranged by a retain title sales
contract and added that the bank•would like quarterly payments.
Mr. Carpenter moved that the contract be awarded to the low
bidder, Hoefle Construction Co. , in accordance with the consulting engineer's
recommendation. The motion was seconded by Mr. Claussen and passed
unanimously.
After some discussion with the Village Attorney upon motion
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made by Mr. Carpenter and seconded by Mr. Claussen, the Council
adopted the following resolution:
RESOLUTION NO. 337
WHEREAS, the Golf Course and Country Club owned by Miami
Shores Village is in need of certain equipment; and
WHEREAS, it is necessary to make certain additions to the
Country Club; and
WHEREAS, the Village is without the necessary funds with
which to pay for those improvements and equipment, which will cost
$45, 000. 00; and
WHEREAS, the People's National Bank of Miami Shores has
agreed to lend the Village said sum, repayable in three years in quarterly
installments of $3, 750. 00, with interest at 37o per annum, upon the execu-
tion and delivery to said Bank of a Certificate of Indebtedness executed by
the Village;
NOW THEREFORE, BE IT RESOLVED BY MIAMI SHORES
VILLAGE:
That the Village borrow from the People's National Bank of
Miami Shores the sum of $45, 000. 00 payable in three years in quarterly
installments of $3, 750. 00 with interest at 37o per annum, and that the
Mayor and the Village Clerk execute a Certificate therefor on a form to
be approved by the Village Attorney;
BE IT FURTHER RESOLVED, that the said Village and its
officials shall in no wise be liable for any of the sums of money repre-
sented by such Certificate of Indebtedness, but the same shall be payable
solely from the proceeds arising from the operation of said Golf Course
and Country Club, and the taxing power of this Village shall never be
exercised for the purpose of raising funds to pay for said Certificate or
any part thereof.
ADOPTED this November 9th, 1953.
Mayor
Village Clerk
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The meeting then adjourned at 4:35 P. M.
Deputy lerk
Approved: ��lf
Village Manager & CleCle—mak
APPROVED:
J-% jAdy-A
v
Mayor
184