R-413-61 RESOLUTION NO. 413
WHEREAS, Miami Shores Village has agreed with Bessemer Proper-
ties, Incorporated to purchase four (4) tracts of land, said tracts being needed
for municipal purposes; to wit, off-street parking; said tracts being legally
described as:
Lots 6, 22 and 23, Block 18, and Lot 22,
Block 19, SECTION ONE MIAMI SHORES,
per Plat Book 10, page 70, of the Public
Records of Dade County, Florida;
and
WHEREAS, the consideration for the purchase of said tracts of
land is the conveyance by the Village to the Seller of lands owned by the
Village, to wit:
Lots 27 and 28 in Block 59, MIAMI
SHORES SECTION TWO, as per Plat
in Plat Book 10, page 37, of the Public
Records of Dade County, Florida
and the payment of the sum of $20, 000. 00 and said lands owned by the Village
are not needed for any municipal purpose and are therefore surplus property;
and
WHEREAS, pursuant to the provisions of Ordinance No. 191 passed
and adopted February 1, 1949, the Village and its Council have received the
reports of two appraisers who are recognized by the U. S. District Court
and by the Miami Board of Realtors said reports disclosing that the property
being sold by the Village has an equitable value of $16, 250. 00 and the property
being purchased has an equitable v`fue of $37, 000. 00 and therefore the Village
is receiving for its property an amount not less than the equitable value of
its property.
WHEREAS, the Village is without the full amount of the necessary
funds in the amount of $20, 000. 00 with which to pay for said lands to be
acquired by the Village; and
WHEREAS, Bessemer Properties, Incorporated has agreed to lend
the Village said $20, 000. 00 re-payable in six equal annual installments bear-
ing interest at 416 per annum, upon the execution and delivery by the Village
s ,
to said company of a Certificate of Indebtedness.
NOW, THEREFORE, BE IT RESOLVED BY MIAMI SHORES
VILLAGE that the Village execute a deed to the Seller conveying to the Seller
the two Lots owned by the Village, described as Lots 27 and 28 in Block 59,
MIAMI SHORES SECTION TWO, as per Plat in Plat Book 10, page 37, of
the Public Records of Dade County, Florida, and that the Mayor and Village
Clerk execute and deliver a deed therefor;
BE IT FURTHER RESOLVED, that the Village in order to consummate
the purchase by the Village borrow from Bessemer Properties, ' Incorporated
the sum of $20, 000. 00 payable in six equal annual installments bearing
interest at 4016 per annum and that the Mayor and Village Clerk execute the
Certificate of Indebtedness therefor;
BE IT FURTHER RESOLVED, that the said Village and its officials
shall in no wise be liable for any of the sums of money represented by such
Certificate of Indebtedness bitthe same shall be payable solely from the
proceeds derived by the Village from the parking meters maintained on its
streets, 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;
BE IT FURTHER RESOLVED that until said Certificate of Indebtedness
be fully paid the Village shall not pledge any other proceeds derived by the
Village from the parking meters maintained on its streets and all of said
proceeds in excess of $300. 00 per month, being the amount required per month
to pay the meter manufacturer for said meters, shall be applied to the pay-
ment of the said Certificate of Indebtedness.
BE IT FURTHER RESOLVED, that the said Village will not without the
consent of said Bessemer Properties, Incorporated while any portion of said
Certificate of Indebtedness remains unpaid discontinue the operation and
maintenance of any of the on-street parking meters which are now installed
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i
at or near the curbs of the streets in the Village and the Village will con-
tinue in effect the present rates and charges for the use of such on-street
parking meters provided that substitutions or changes required by any valid
Dade County ordinance may be made in the locations of parking meters
which are necessary to permit street widening or street closings or to
provide necessary regulation of traffic and relief of congestion and which
will not materially lessen the income and revenues to be derived from such
meters.
PASSED AND ADOPTED this 21st day of February, 1961.
Mayor
ATTEST:
Yilla.ge C erk
CZ*TtriCATE '
MIAMI SHORRS -YiLLAGR dear hereby sertify that Pursuant to
RssolWes No. dlii adopi d by itt+r Commit ra the shat day of r*br+wry,
1161. it pstti* t to pa-Y to tdrs oras: of EssoserPtf
►.. es►s�rporat�e.
the toes of TwrXNTY T10t USAPID DOLLARS .($260 0".00)with.tatAr* t th e"aft
at i% ar_seuarea, �rhick said sow,ill payou w said moss nwi Pr"rsruest
ovp"ateds is awntal i"tallmopts of TMRTr,TMXX HiiXVRZR► THIRTY
THR�1C Dt>L S iad T t 'f' d`Qtt �CRIf"T'S (ply,d30�34 tis Avol of said
reat�atimoatar:iwrial +fus.sad payaalda► atrd A, like.
suer bo sh due 444h year tu"after rsdu the SWW4 With.t"*"tt as
of rasr d, w, y ps#t., irate* st sb said aitram o r '$Mas s sea isles tsoa<t
flaks to tbas shell bre :pa ,d at the smm tis to'two 02 ieataauoents of the
priseipal sae pa�id�'
This. Certificate shawl is oo visa be coustrnod ar a porsosiil *mi-
ptios of the said Village low any of its Affieials. and shall tie.payahl& solely
be= tho Proceeds derived T the ltillaNO from the patkial motors =siutalaod
vw os strap" ;ad tws`ta=#aa ps�wros of this V"ilUpo ayall r be aersisod
or taxes colleatsd for do porrp"4+t 1 payer iot the =may ropliesafted #artby.
All proseods to ote mos at Three Hsr►drtd Porilar*. ($300.011) pro aeaatw* losing
ties ans"I t *ed per =daft ".paq tho =*Ior saasulaatsrer for said letorro
skau a applied too the payeaosd'of this CortifiQale *emu srtlt awwwas
may be litamosal-Ot taut is.ti►oilsbetlottr lalod resp rsd aIkfkual'i"U'llial+estt ;' .
it soft Is aoo+rssavy tor onfe:et'As:ternwr of this Certificate or tbo
a�rlleCtisit beloot. the.Imp &gross to pats out the pY►oeeeds of *aid v*vk•
ift nwtors,: is a►dditfss to the priiacipal %vid Wariest **Uoettd by •uid avAt,
a V*&9oaaW anersoy's foo for no %older,$' att"y,
go:trausfes of this Certifiaato sfeslt bi'waiid or lrtadiag ski► the
N 'i ITNEss WIMRZOFO tybo ss►id Miami Sbo"*,VM&p 68 eauo*d
i6.1w arits'1��ii ow a& oto � aa+[ to "&I t
. ea roa
two.�s'EfEiata - . _._
to.be :affiss ala! day"O rifurvo sryt 1961.
WAMI $ RU VILJ"'=
ATTESTx
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