HomeMy WebLinkAboutR-21-0326City of Miami
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Resolution: R-21-0326
File Number: 9436
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
Final Action Date: 7/22/2021
A RESOLUTION OF THE MIAMI CITY COMMISSION AUTHORIZING THE CITY
MANAGER TO CONDUCT THE DUE DILIGENCE NECESSARY TO ACCEPT A
DONATION OF THIRTY PERCENT (30%) OF THE REVENUES GENERATED
FROM THE SALE OF MIAMICOIN, A CRYPTOCURRENCY ("DONATION"),
FROM CITYCOINS, INC., A DELAWARE NONPROFIT CORPORATION
PENDING REGISTRATION TO CONDUCT BUSINESS IN THE STATE OF
FLORIDA ("CITYCOINS"); AUTHORIZING THE CITY MANAGER TO
NEGOTIATE AND EXECUTE ANY AND ALL DOCUMENTS NECESSARY, ALL
IN FORMS ACCEPTABLE TO THE CITY ATTORNEY, FOR SAID DONATION.
WHEREAS, CityCoins, Inc., a Delaware nonprofit corporation pending registration to
conduct business in the State of Florida ("CityCoins"), will soon go to market with its MiamiCoin,
a cryptocurrency powered by the Stacks Protocol, which enables smart contracts on Bitcoin;
and
WHEREAS, presumably, MiamiCoin provides a means by which people can support the
City of Miami ("City") and grow a crypto treasury while earning Bitcoin and Stacks Protocol yield
for themselves; and
WHEREAS, presumably, the CityCoins offering of the MiamiCoin would provide an
ongoing crypto revenue stream; and
WHEREAS, CityCoins would provide the City with thirty percent (30%) of said ongoing
crypto revenue stream ("Donation"); and
WHEREAS, the City Manager seeks authorization to conduct the due diligence
necessary to accept the Donation from CityCoins;
NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF
MIAMI, FLORIDA:
Section 1. The recitals and findings contained in the Preamble of this Resolution are
adopted by reference and incorporated as if fully set forth in this section.
Section 2. The City Manager is authorized' to conduct the due diligence necessary to
accept the Donation from CityCoins.
Section 3. The City Manager is further authorized' to negotiate and execute any and all
documents necessary, all in forms acceptable to the City Attorney, for said Donation.
' The herein authorization is further subject to compliance with all requirements that may be imposed by
the City Attorney, including but not limited to, those prescribed by applicable City Charter and City Code
provisions.
City of Miami Page 1 of 2 File ID: 9436 (Revision:) Printed On: 81312021
File ID: 9436
Enactment Number: R-21-0326
Section 4. This Resolution shall become effective immediately upon its adoption.
APPROVED AS TO FORM AND CORRECTNESS:
1
Un ndez, ity ttor iey 8/3/2021
City of Miami Page 2 of 2 File ID: 9436 (Revision:) Printed on: 8/3/2021