Loading...
R-0827-88 VILLAGE OF MIAMI SHORES, FLORIDA RESOLUTION NO. q97-82 A RESOLUTION EXPRESSING THE INTENT OF THE VILLAGE OF MIAMI SHORES, FLORIDA, TO ISSUE GENERAL OBLIGATION BONDS OF THE VILLAGE IN AN AGGREGATE PRINCIPAL AMOUNT NOT TO EXCEED $2 ,000,000 AT AN INTEREST RATE NOT TO EXCEED THE MAXIMUM RATE PERMITTED BY STATE LAW IN ORDER TO PAY THE COSTS OF CERTAIN CAPITAL ACQUISITIONS AND IMPROVEMENTS, IF SUCH ISSUANCE IS APPROVED BY A MAJORITY OF THE QUALIFIED ELECTORS OF THE VILLAGE; AUTHORIZING THE PLACEMENT OF SUCH ISSUE ON THE BALLOT TO BE USED IN THE MUNICIPAL ELECTION SCHEDULED FOR' MARCH 8, 1988; PROVIDING THE METHOD AND MANNER FOR NOTICE OF SAID REFERENDUM; AND APPROVING THE FORM OF SAID BALLOT. WHEREAS, the Village of Miami Shores (the "Village" ) under the authority granted by the Constitution and laws of the State of Florida, including its Village Charter and Chapter 166, Florida Statutes, is authorized to issue general obligation bonds to provide funds to defray the cost of (a) such capital projects for the advancement of the arts as the acquisition of the Miami Shores Theatre and adjacent offices and stores located at 9802 thru 9840 NE 2nd Avenue and 160 thru 180 NE 99th Street within the municipal boundaries of the Village, and (b) the renovation of such Theatre in order to permit its use as a theatre of the performing arts; and WHEREAS, the Village has determined that acquiring and renovating the Miami Shores Theatre for the purpose of operating it or having it operated as a performing arts center represents a capital acquisition and improvement that will provide the citizens of Miami Shores with a cultural facility that will enhance the Village's downtown area as well as attract tourists and citizens from other communities to the downtown area; and WHEREAS, the Village has determined that (a) the Miami Shores Theatre cannot be acquired without the adjoining offices and stores being included in the purchase, and (b) that the Village can profitably lease the balance of the adjoining offices or stores to the general public; and WHEREAS, the Village intends to pay for the capital improvements by issuing its general obligation bonds in an aggregate principal amount not to exceed $2,000,000 , which together with interest will be a general obligation of the Village payable from ad valorem taxes or any other legally available funds of the Village, provided that a majority of the qualified electors approve the bond issue in the election scheduled to be held on March 8, 1988; and WHEREAS, it is necessary for the Village Council to prescribe the method and manner of holding the election, to provide for notice thereof , and to approve the form of ballot to be utilized in the election. NOW, THEREFORE, BE IT RESOLVED BY THE VILLAGE COUNCIL OF THE VILLAGE OF MIAMI SHORES, FLORIDA: Section 1 : That the Village Council authorizes the issuance of general obligation bonds of the Village in an aggregate principal amount not to exceed $2,000,000 to defray the cost of acquiring and renovating the Miami Shores Theatre, of acquiring certain stores and offices adjacent thereto, of operating the Theatre as a performing arts center, and of leasing the adjacent stores and offices to members of the general public on a profitable basis; provided, however, that a majority of the qualified electors approve the bond issue in the election scheduled to be held on March 8, 1988 . Payment of the bonds with interest will be from ad valorem taxes or any other legally available funds of the Village. Section 2: That notice of the election will be published in the Miami Herald and Miami Review, newspapers of general circulation, in the Village of Miami Shores, Florida, at least twice prior to election week, once in the fifth week prior to the election which week commences on Sunday, January 31, and once in the third week prior to the election, which week commences on Sunday, February 14th. The date of the first publication in the week of January 31 shall be at least thirty -2- J (30) days before the election. Notice shall be substantially in the following form: NOTICE OF SPECIAL ELECTION FOR ISSUANCE OF GENERAL OBLIGATION BONDS TO FINANCE THE ACQUISITION OF THE MIAMI SHORES THEATRE AND ADJACENT STORES AND OFFICES AND THE RENOVATION OF THE THEATRE TO BE HELD ON MARCH 8, 1988 VILLAGE OF MIAMI SHORES, FLORIDA As provided by Resolution No. 827-88 , duly passed and adopted by the City Council of the Village of Miami Shores, Florida, on January 19, 1988, a special bond election will be held on TUESDAY, MARCH 8, 1988 for the purpose of submitting to the qualified electors of the Village of Miami Shores, Florida, the following question: Shall bonds of the Village of Miami Shores, Florida, in an aggregate principal amount not to exceed $2 ,000,000 be issued as may be needed to provide capital funds which, together with other available funds, will be used (a) to acquire the Miami Shores Theatre and certain adjacent offices and stores located at 9802 thru 9840 NE 2nd Avenue and 160 thru 180 NE 99th Street within the municipal boundaries of the Village, (b) to renovate/the Theatre to permit its use as a theatre of the performing arts, and (c) to lease the remaining offices and stores to the general public, with such bonds to mature at such time(s) not exceeding forty (40) years from their date(s) as may be determined by the City Council, and to bear interest at -3- rates not to exceed the maximum rate then permitted by law, and to be a general obligation of the City payable from ad valorem taxes or any other legally available funds of the Village of Miami Shores? FOR BONDS AGAINST BONDS The polls at the election will be open from 7:00 o' clock A.M. until 7:00 o' clock P.M. on the same day. As provided by the Village Charter, applicable Village ordinances and State Statutes, the following polling places all located in the Village of Miami Shores, Florida are hereby designated for the special bond election which polling places may be changed by the Dade County Supervisor of Elections, as provided by law. BARRY UNIVERSITY AUDITORIUM 11300 N.E. Second Avenue Miami Shores, Florida MIAMI SHORES CHRISTIAN CHURCH 10150 N.E. Second Avenue Miami Shores, Florida C. LAWTON McCALL COMMUNITY CENTER 9617 Park Drive Miami Shores, Florida In accordance with the Constitution and election laws of the State of Florida, and the Charter of the Village of Miami Shores, all qualified electors of the Village of Miami Shores, Florida, shall be entitled to vote in the special bond election to which the published notices pertain. The Village of Miami Shores shall be authorized to issue the bonds covered by the question set forth above when such issuance as set forth in the question has been approved by a vote of a majority of the qualified electors of the Village of Miami Shores voting in the election to be held on March 8, 1988. -4- By order of the Village Council of the Village of Miami Shores, Florida. Village Clerk Section 3 : That the special bond election will be conducted by the election officers selected and appointed by the Dade County Supervisor of Elections and will be held at the same polling places in the several precincts, respectively, in the Village as the polling places for regular Village elections held pursuant to the Charter of the Village of Miami Shores. Section 4: That Elly F. Johnson, Village Clerk, is hereby designated and appointed as the official representative of the Village Council in all transactions with the Supervisor of Elections of Dade County in relation to matters pertaining to the use of the registration books and the holding of the aforesaid special bond election. Section 5: That the ballot used at the election for voting on the question submitted shall be that portion of the cardboard or paper or other material within the ballot frames of the voting machines which shall contain a statement of the question submitted. The ballot as it appears within the ballot frames of the voting machines shall be substantially in the following form: OFFICIAL BALLOT SPECIAL ELECTION FOR ISSUANCE OF GENERAL OBLIGATION BONDS TO FINANCE THE ACQUISITION OF THE MIAMI SHORES THEATRE AND ADJACENT OFFICES AND STORES AND THE RENOVATION OF THE THEATRE MARCH 8, 1988 VILLAGE OF MIAMI SHORES, FLORIDA Shall bonds of the Village of Miami Shores, Florida, in an aggregate principal amount not to exceed $2,000,000 be issued as may be needed to provide capital funds which, together with other available funds, will be used (a) to acquire the Miami Shores Theatre and certain adjacent offices and stores located at 9802 thru 9840 NE 2nd Avenue and 160 thru 180 NE 99th Street -5- t within the municipal boundaries of the Village, (b) to renovate the Theatre to permit its use as a theatre of the performing arts, and (c) to lease the remaining offices and stores to the general public, with such bonds to mature at such time(s) not exceeding forty (40) years from their date(s) as may be determined by the City Council, and to bear interest at rates not to exceed the maximum rate then permitted by law, and to be a general obligation of the City payable from ad valorem taxes or any other legally available funds of the Village of Miami Shores? Section 6: That electors desiring to vote for or against the issuance of the bonds shall punch the appropriate box on the ballot card containing the words "FOR BONDS" or "AGAINST BONDS" . Section 7: That ballots containing the question set forth in Section 5 above shall be prepared for the use of absent electors entitled to cast such ballots in the election. Section 8: That this Resolution becomes effective immediately upon its passage. PASSED, APPROVED and ADOPTED this 19th day of January 1988. MA ATTEST: VILLAGt CLE I HEREBY CE IFY that I have approved the form and correctness of this RESOLUTION V LLAG TTORN :am:147AM0004C 012088/4/mp -6-