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Attorney Dannheisser read her report. Vice Mayor Turetsky asked if the County had <br /> approved the City's request to opt-out, and the City Attorney said she thought it had <br /> been on the County Commission's agenda. He also asked who would be billing for the <br /> fees, and City Manager DiPietro said he that had not yet been determined. The bills <br /> will go to every property owner. <br /> Public Speakers: none <br /> Commissioner Morrow moved and Commissioner Iglesias seconded a motion to <br /> adopt the ordinance on second reading. Ordinance No. 99-77 was adopted by a <br /> roll call vote of 5-0 in favor. <br /> Vote: Commissioner Iglesias ves <br /> Commissioner Kauffman ves <br /> Commissioner Morrow ves <br /> Vice-Mayor Turetsky ves <br /> Mayor Samson yes <br /> 8D. AN ORDINANCE OF THE CITY OF SUNNY ISLES BEACH, FLORIDA, <br /> AUTHORIZING THE ISSUANCE OF A UTILITIES TAX REVENUE BOND, <br /> SERIES 1999B, OF THE CITY OF SUNNY ISLES BEACH, FLORIDA IN A <br /> PRINCIPAL AMOUNT NOT TO EXCEED S1,400,000 FOR THE PURPOSES OF <br /> FINANCING ALL OR A PORTION OF THE COSTS OF ACQUISITION OF <br /> CERTAIN REAL PROPERTY IDENTIFIED AS BLOCK 8, LOTS 1, 2, 3, 7, 8, 9, 10, <br /> 11, SUNNY ISLES SHORES, SEC. B, PB 65-47, LOCATED AT NORTH BAY <br /> ROAD AND 178TH DRIVE IN THE CITY FOR USE AS A PARK AND <br /> RECREATION AREA AND OF PAYING CERTAIN COSTS RELATED THERETO; <br /> DETERMINING THE NEED FOR A NEGOTIATED SALE OF SUCH BOND TO <br /> SUNTRUST BANK, MIAMI, N.A.; PROVIDING FOR THE TERMS AND <br /> PAYMENT OF SUCH BOND AND FOR THE RIGHTS, REMEDIES AND <br /> SECURITY OF THE OWNERS THEREOF; MAKING CERTAIN COVENANTS <br /> RELATING TO THE ISSUANCE OF SUCH BOND; DESIGNATING SUCH BOND <br /> AS A "QUALIFIED TAX-EXEMPT OBLIGATION" WITHIN THE MEANING OF <br /> SECTION 265(b)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS <br /> AMENDED; AUTHORIZING THE PROPER OFFICERS OF THE CITY TO DO <br /> ALL OTHER THINGS DEEMED NECESSARY OR ADVISABLE IN <br /> CONNECTION WITH THE ISSUANCE OF SUCH BOND; AND PROVIDING FOR <br /> AN EFFECTIVE DATE. [City Clerk's Note: 2.8 acre passive park] <br /> ACTION: City Clerk Brown-Morilla read the title of the proposed ordinance and <br /> Finance Director Jack Neustadt read his report. <br /> Public Speakers: none <br /> Commissioner Kauffman moved and Commissioner Morrow seconded a motion to <br /> adopt the ordinance on second reading. Ordinance No. 99-78 was adopted by a <br /> roll call vote of 5-0 in favor. <br /> Vote: Commissioner Iglesias ves <br /> Summary Minutes of the July 15, 1999, Regular City Commission Meeting - Page 6 of 13 <br />