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HomeMy WebLinkAboutR-01-0586t •� J•-01-480 6/7/01 01— RESOLUTION 1`RESOLUTION NO. A RESOLUTION OF THE MIAMI CITY COMMISSION GRANTING THE REQUEST OF THE SOUTHEAST OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY ("SEOPW CRA") THAT THE CITY OF MIAMI REMOVE THE RESTRICTION ON THE CASH HELD BY THE FISCAL AGRNT FOR THE COMMUNITY REDEVELOPMENT BONDS, ISSUED NOV6MBE:R 8, 1990, AND 1'O AUTHORIZE THE CITY MANAGER TO FUND THE BALANCE OF $554.148.00, WHICH WAS REQUESTED BY SHOPW CRA RESOLUTION NO. 00-113. WHEREAS, the City of Miami approved and adopted the Southeast Overtown/Park West Community Redevelopment Plan pursuant to Resolution Nos. 82-755 and 85-1247 (the "Redevelopment Plan"); and WHEREAS, the Southeast Overtown/Park West Community Redevelopment Agency ("SEOPW CRA") is responsible for carrying out community redevelopment activities and projects in the Southeast Overtown/Park West Redevelopment Area (the "Redevelopment Area") established pursuant to the Redevelopment Plan; and a' xy COXM80104, wXMINU Ok J011 1 11 2001 144300111tiun ViL WHEREAS, the SEOPW CRA has requested that the City act promptly regarding the SEOPW CRA's request, pursuant to Resolution No. SUOPWJCRA R-00-113, that the City remove the restriction on the cash held by the Fiscal. Agent for the Community Redevelopment Bonds and that. the City Manager be authorized to fund the balance of $554.148.00; NOW, THBRSFORE, 9E IT RESOLVED BY., THS COMMISSION OF THE CITY OF MIAMI FLORIDA: Section 1. The recitals and findings contained in the Preamble to this Resolution are adopted by reference and incorporated as if fully set forth in this Section. Section 2. The request of SEOPW CRA that the City of Miami remove the restriction on the cash held by the Fiscal Agent for the Community Redevelopment Bonds, issued November 8, 1990, and to authorize the City Manager to fund the balance of $559.148.00, which was requested by SEOPW CRA Resolution No. 00-113, is granted, 01- 586 Page 2 of 3 Section 3. This Resolution shall become effective immediately upon its adoption and signature of the Mayoril. PASSED AND ADOPTED this 14Th day of June y_, 2001. JOE CAROLLO, MAYOR In aancomlanw vAh Miami Godo &x,. 2•:36, ahxw P Intlan by srkping it in tiro dan(g;lair,d .Joctiva with th^ cfaptiu nt ton ^da ATTEST: neprding tante. wRlintd the may(NIUorf.9ill 4 WALTER J. FOEMAN CITY CLERK ROV AS F 0 AND CORRECTNESS :& ILARELLO ATTORNEY '73 :BSS riyor (Ad not Indicuic r 14w(wal of hriwldnci, :�sira }.Jrihdt+ ' �:7 I 31 If the Mayor does not sign this Resolution, it shall become effective at the and 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 3 of 3 i ©1-P 586 0 0 CITY OF MIAMI, FLORIDA INTER -OFFICE MEMORANDUM TO : DATE; FILE; The Honorable Mayor and Members June 4, 2001 of the Ci mmission SUe,Iaer : FROM: 1 e2 City Manager REFERENCES: ENCLOSURES: Adoption of ("SEOPW CRA") Resolution Dated May 21, 2001 RECOMME D�AUON It is respectfully requested that the City Commission adopt the attached resolution. A companion resolution was adopted by the Board of the Southeast Overtown Park West Community Redevelopment Area (SEOPW CRA) on May 21, 2001. BACKGROUND The SEOPW CRA has requested, via resolution dated May 21, 2001, that the City of Miami replace cash provided by the SEOPW CRA to the Fiscal Agent for the Community Redevelopment bonds with cash provided by the City of Miami. 01- 586 RNKINaE