HomeMy WebLinkAboutR-1989-076 a3
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l RESOLUTION NO. 76-39
A RESOLUTION OF THE CITY OF DANIA, FLORIDA,
INCREASING ITS BUDGET FOR THE FISCAL YEAR
1988-89 FROM $8, 527, 170 TO $8, 552, 440; AND
PROVIDING THAT ALL RESOLUTIONS OR PARTS OF
RESOLUTIONS IN CONFLICT HEREWITH BE REPEALED TO
THE EXTENT OF SUCH CONFLICT; AND PROVIDING FOR
AN EFFECTIVE DATE.
WHEREAS, the budget of estimated revenues and appropriations
for expenditures for the fiscal year 1988-89 has been approved by
the City Commission of the City of Dania, Florida, and
WHEREAS, certain changes to said fiscal year budget of
appropriations for expenditures are now necessary, and
WHEREAS, by virtue of Section 6-33 of the Code of Ordinances
of the City of Dania, the City receives gross revenues in excess
of $150, 000 each fiscal year, and
WHEREAS, the City is authorized, under the provisions of
Section 2-12, Article I , Chapter 2 Code of Ordinances, to borrow
money and to execute a promissory note evidencing the obligation,
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE
CITY OF DANIA, FLORIDA:
Section 1 . That the City Commission has made due
investigation and has ascertained, and hereby formally finds and
recites, that the amount to be derived by the City from the
payment of parking fee revenue, as anticipated by changes in the
fee schedule as amended by Ordinance 28-89 will be fully
sufficient to pay the principal and interest of the note herein
authorized.
Section 2. That for the purpose of financing one Barber Surf
Rake - Model 400HD, there be issued a promissory note of the City
of Dania in the total aggregate amount not to exceed twenty-five
thousand, two hundred seventy and no/100 dollars ($25, 270. 00 ) .
The note shall be dated on a date to be determined , and shall be
payable in lawful money of the United States of America as to
principal and interest, and shall bear interest until paid at the
rate of 7. 85 percent per annum. Installments of principal and
interest shall be due and payable in quarterly installments of six
thousand , three hundred eighteen and no/100 dollars ($6, 318. 00 )
each, plus accrued interest, beginning October 15, 1989,
continuing for one calendar year thereafter and shall be secured
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76-39
Resolution No.
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by first pledge of revenues to be received by the City from the
payment of parking fees .
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Section 3 . That the General Fund budget for the fiscal year
1988-89 be and the same is hereby amended as follows :
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APP.BUD. PLUS OR REVISED
1988-89 MINUS ESTIMATE
REVENUE:
301008910 Debt Proceeds 0 +25, 270 25, 270
EXPENDITURES :
0510 PERSONAL SVCS.
1230 Health Ins. 464 , 200 -3, 600 460, 600
0511 INSURANCE
3450 General Liab. 126, 600 +3, 600 130, 200
1521 BEACH
6648 Major Equip. 0 +25, 270 25, 270
Section 4 . That the appropriate City Officials are hereby
authorized and directed to execute on behalf of the City of Dania,
Florida, all necessary ].can documents and to accomplish all other
acts necessary to close this transaction.
Section 5. That all resolutions or parts of resolutions in
conflict herewith be and the same are hereby repealed to the
extent of such conflict.
Section 6 . That this resolution shall be in force and take
effect immediately upon its passage and adoption.
...� PASSED and ADOPTED on this 13th day of June , 1989.
AYM OR - COMMISSION
ATTEST:
CITY CLERK - AUDITOR
APPROVED FOR FORM AND CORRECTNESS:
�-
FRANK C. ADLER, CITY ATTORNEY
City of Dania, Florida
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