HomeMy WebLinkAboutR-03-0217J-03-214
2/27/03
RESOLUTION NO. 03— 217
A RESOLUTION OF THE MIAMI CITY COMMISSION
AUTHORIZING THE CITY MANAGER TO EXECUTE
AMENDMENT NO. 2, IN A FORM ACCEPTABLE TO THE
CITY ATTORNEY, TO THE AGREEMENT WITH
SARMIENTO ADVERTISING GROUP, L.L.C. FOR BUS
BENCH DESIGN, INSTALLATION AND MAINTENANCE TO
ALLOW SARMIENTO TO MAINTAIN THE $200,000 CASH
DEPOSIT IN LIEU OF THE REQUIRED PAYMENT BOND,
AND ALLOW FOR THE SUBSTITUTION OF A $100,000
CASH DEPOSIT IN LIEU OF THE REQUIRED
PERFORMANCE BOND UNTIL MAY 15, 2004, AT WHICH
TIME THE ORIGINAL PAYMENT AND PERFORMANCE
BOND REQUIREMENTS SHALL APPLY.
BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI,
FLORIDA:
Section 1. The City Manager is authorized -11 to execute
an Amendment No. 2, in a form acceptable to the City Attorney, to
the Agreement with Sarmiento Advertising Group, L.L.C.
("Sarmiento") for bus bench design, installation and maintenance
to allow Sarmiento to maintain the $200,000 cash deposit with the
City of Miami in lieu of the required Payment Bond, and allow the
1� 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
Code provisions.
CITY* COMMIS'SION
MEETING OF
FEB 2 7 ?Qn, 3
,►
substitution of a $100,000 cash deposit for the required
Performance Bond, until May 15, 2004, at which time the original
Payment and Performance Bond requirements shall apply.
Section 2. This Resolution shall become effective
immediately upon its adoption and signature of the Mayor.21
PASSED AND ADOPTED this 27th day of February 2003.
A. DIAZ, MA
ATTEST:
PR CILLA A. THOMPSON
CITY CLERK
APPROVED AS + ORM AND CQWECTNESS:
DKO VILARELLO
C ATTORNEY
W7003:JHV:BSS
If the Mayor does not sign this Resolution, it shall become
effective at the end of ten calendar days from the date it was
passed and adopted. If the Mayor vetoes this Resolution, it shall
become effective immediately upon override of the veto by the
City Commission.
Page 2 of 2
03- 217