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1963-486ORDINANCE NO. 486 VETOED 8 -20 -63 a� (see sheet #2) ORDINANCE OF CITY OF SOUTH MIAAI, FLORIDA,` ACCEPTING OFFER OF HELEN G. PENNOCK TO SELL TO THE CITY A OF SE4 'OF SE'h OF NEh; SECTION 26- 54 -40, AT PRICE `OF $5Q;+000; PROVIDING FOR MANNER -OF PAYMENT; PROVIDING FOR -CITY MANAGER TO ISSUE EVIDENCE OF INDEBTEDNESS "DROVIDING FOR SEVERABILITY AND EFFECTIVE DATE BE IT'ORDAINED BY THE MAYOR AND CITY COUNCIL OF THE CITY OF SOUTH MIAMI, FLORIDA: 1. That the offer of HELEN G. PENNOCK to sell unto the City at a price of $50;,'000 `that ceitain` parcel of land, ''together with the improvements thereon, being legally described as, to -wit: Wh of Southeast `of ;. Southeast 4�of Northeast-34- of Section 26, Township '54 South,- Range' --40 East, less the South 35 feet tereof, lying and being in' "Dade County, Florida, is hereby accepted, and the City Manager 'authorized t6-act on behalf of the City "iii all particulars relating to the purchase of said lands by the City. 2. The purchase price of said land shall be paid as follows: A. The-property to be conveyed subject to existing mortgages in the approximate amount of $24;000. B. $5,000 shall be paid at the time of closing. C. $1,500 shall be paid on October 1, 1963. D. The balance of the purchase price shall be paid by the City's evidence of indebtedness in the approximate amount of $19,500. Said evidence of indebtedness'to bear 6% interest, and be payable October 1, 1964, with the right or prepayment being reserved, without penalty. The indebtedness there- by created shall be secured by a purchase money mortgage pledging the purchased land as security and shall be payable out of an authorized budgetary appropriation for the fiscal year 1964 -1965, although the indebtedness shall not constitute an obligation upon the taxing powers of the City. 3. The City Manager is authorized and directed to execute on behalf of the City any and all instruments made necessary by this purchase, including the aforementioned evidence of indebted- ness and mortgage, without further Council action. } Page *2 ORDINANCE Nn. 486 4. That the City Council does by -this Ordinance state their intention and purpose of purchasiig -such lands as being for the acquisition and providing of playground, recreation area, park, storage facilities and such other purposes as the Council may declare by Resolution. S. It is the 'intention of the -City Council that this Ordinance and every provision thereof shall be considered severable, and the invalidity of any section, clause, provision or part or portion of any section, clause or provision` of this Ordinance shall not affect the validity of any other portion of this Ordinance. 6. This Ordinance shall become effective upon`its adoption in the manner provided by law. PASSED AND ADOPTED this `6th day 0-k"W gust, A.D. 1963 Presiding Officer, City Council ATTEST: City Clerk First and Second and Third readings` "pas"sed'by Council 8 -6 -63 Returned to Council August 20, 1963 with Mayor's VETO Council voted Yes, 5; No, O, in concurrence with Mayor's Veto. I L: August 19, 1963 me From: The Mayor To: Council of South Miami SUBJECT: ORDINANCE NO. 486 relati -ve to the Pennock property, caption of whi8h follows: ORDINANCE OF CITY OFg $OUTii ` MIAMI, FLORIDA, ACCEPTING OFFER OF HELEN 'G. PENNOCK'TO SELL TO THE CITY W''OF SEA OF SE,, OF NEB,` SECTION 26- 54 -40, AT PRICE OF'$50',000; PROVIDING FOR MANNER OF PAYMENT; PROVIDING FOR.CITY MANAGER TO ISSUE EVIDENCE or INDEBTEDNESS :PROVIDING FOR SEVERABILITY AND EFFECTIVE DATE WHEREAS, the Council has'seen fit to pass, in good faith, Ordinance No. 486, and WHEREAS, discovery by the City Attorney, in his probe of the abstract, has revealed that a deed restriction prohibits the use of"the`land'in question as 'intended by the Council, and WHEREAS, all attempts to receive releases of this covenant i have been to no avails NOW, THEREFORE, I, Paul U. Tevis with the authority mooted in me, as Mayor of South Miami, according to Article 2, Section '19, Paragraph 3 of our City Charter, do hereby attach my VETO to this Ordinance and return same for further consideration by the Council. e- Paul U. Tevis, Mayor