HomeMy WebLinkAboutCC 2003-08-08 City Clerk's ReportCITY OF MIAMI
CITY CLERK'S REPORT
MEETING DATE: August 8, 2003
Page No. 1
DISTRICT
A RESOLUTION OF THE MIAMI CITY
RESOLUTION 03-910
2-A
COMMISSION, WITH ATTACHMENT(S),
MOVED: GONZALEZ
RELATING TO THE PARROT JUNGLE PROJECT
SECONDED: REGALADO
ON WATSON ISLAND, AUTHORIZING THE CITY
ABSENT: TEELE,
MANAGER TO EXECUTE AN AMENDMENT TO
GONZALEZ
THE DEVELOPMENT AGREEMENT BETWEEN
MIAMI-DADE COUNTY, PARROT JUNGLE AND
GARDENS OF WATSON ISLAND, INC. ("PARROT
JUNGLE") AND THE CITY OF MIAMI, IN
SUBSTANTIALLY THE ATTACHED FORM,
AMENDING THE PAYMENT SCHEDULE OF THE
$25 MILLION SECTION 108 LOAN FROM MIAMI-
DADE COUNTY TO PARROT JUNGLE (THE
"SECTION 108 LOAN") TO CONFORM TO THE
SCHEDULE OF MIAMI-DADE COUNTY'S
PAYMENTS TO THE U.S. DEPARTMENT OF
HOUSING AND URBAN DEVELOPMENT ("HUD"),
UNDER THE CORRESPONDING HUD LOAN
GUARANTEE (THE "HUD LOAN"); FURTHER
AUTHORIZING THE CITY MANAGER TO
CONSENT TO MIAMI -DARE COUNTY'S
SUBORDINATION OF THE SECTION 108 LOAN TO
ADDITIONAL DEBT IN THE PRINCIPAL SUM OF
$3,776,000, THEREBY INCREASING THE TOTAL
AMOUNT OF SUBORDINATION TO $15,776,000,
PROVIDED THAT THE FOREGOING SHALL NOT
BE DEEMED OR INTERPRETED TO EXPAND THE
CITY'S RIGHTS OR OBLIGATIONS UNDER THE
DEVELOPMENT AGREEMENT OR THE JOINT
PARTICIPATION AGREEMENT BETWEEN THE
CITY AND MIAMI -DADS COUNTY DATED
SEPTEMBER 9, 1998, WITH SAID
CITY OF MIAMI
CITY CLERK'S REPORT
MEETING DATE: August &, 2003
AUTHORIZATIONS BEING SUBJECT TO PARROT
JUNGLE'S AGREEMENT TO INSTALL, AT ITS
SOLE COST AND EXPENSE, SOUND
MONITORING EQUIPMENT ON VENETIAN
ISLAND, ACCEPTABLE TO THE CITY, TO VERIFY
COMPLIANCE WITH THE NOISE RESTRICTIONS
UNDER THE PARROT JUNGLE LEASE; AND
AUTHORIZING THE CITY MANAGER TO
EXECUTE SUCH DOCUMENTS AS MAY BE
REQUIRED TO ACCOMPLISH THE PURPOSE OF
THIS RESOLUTION, ALL IN FORM AND
SUBSTANCE ACCEPTABLE TO THE CITY
ATTORNEY.
RISCILLA A. THOMPSON, 61IFY CLERK
NOTE: AS DULY NOTED ON THE HEREIN AGENDA AND CITY CLERK'S REPORT, WHICH
CONSTITUTE A JOURNAL OF CITY COMMISSION PROCEEDINGS, THE "UNANIMOUS" NOTATION
NEXT TO THE VOTE ON EACH AGENDA ITEM MEANS THAT ALL FIVE CITY COMMISSIONERS
WERE PRESENT AND VOTED "AYE" ON SAID ROLL CALL VOTE. NEGATIVE VOTES, PHYSICAL
ABSENCE OF A COMMISSIONER OR ABSTENTION FROM VOTING BY A COMMISSIONER, IF ANY,
IS ALSO DULY REFLECTED IN SAID VOTE.
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