HomeMy WebLinkAboutR-01-0824J -01 -910
7/26/03. 01- X24
rzl�soLuTT o�v I�'a .
A RESOLUTION OF THE MIAMI CITY COMMISSION
DIRECT'ING THE CITY MANAGER TO INSTRUCT THE
DEPARTMENT OF .I.NTERNAI, AUDITS TO PERFORM A
REVT W OF THE POINCIANA VILLAGE CONDOMINIUMS
BY EXAMINING (1) COMMITMENTS MADE TO THE
PROJECT'S DFVFLOPER, (2) COMMITMENTS MADE 13Y
THE PROJECT'S DEV7,1,0JPE12 TO INDIVIDUAL BUYERS
AT TI -:E T11v1E OF UNIT PURCHASES, (3) PROJECT
MONIES LOST BY OTHER INVESTORS, AND (4) BY
REPORTING ANY FINANCIAL IMPACTS THAT HAVE
13EEN EXPERIENCED BY THE ORIGINAL OWNERS OF
PROPER'T'Y; FURTI4ER DIRECTING THE C'1:'TY MANAGER
TO MAKE RECOMMENDATIONS CONCERNING
APPROPRIATE PORIVIS OF RFSTITUTION TO MAKE THE
UNIT PURCHASERS W110LE; DIRECTING THAT A
PRELIMINARY REPORT BE SUBMITTED WITHIN 45
DAYS FROM TIIE A.^OPTIONT OF THIS RESOLU'T'ION,
WITH 'FHE FINAL REPORT TO BE SUBMI'I".1E]-) TO THE
CITY COMMISSION WITHIN 90 DAYS OF TI11, DATE
OF ADOPTION OF THIS RESOLUTION.
13B IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI,
FLORIDA:
Section 1. The City Manager is di .r_ected to instruct the
Department. o1' Internal AUCb-t'S to perform a review of rho
Poinciana Village Condominiumis by examining (1) commitments made
by the project's developer, (2) commitments made by Che
L'LTY epMOssxoN
114SLT1� Ew
J i11. ', 6 2001
$,3.,wLution No.
01- 824
project's developer to individual buyers at the time of unit
purchases, (3) project monies lost by other investors, and (4)
by reporting any financial impacts that have been experienced by
the original owIlers, of property.
Section 2. ':Gide City Manager is directed to make
recommendations concerning the appropriate forms of restitution
to make uhe unit purchasers whole.
Section 3. The City Manager is further directed t:o
submit a preliminary report within 45 days from the adoption of
this Resolution, and to submit the final repor.-t to the City
Commission within 90 days of the date of adoption of this
Resolution.
Section 4. This Resolution shall become effective
immediately upon its adoption and signature of. the Mayor Y
If the Mayor does rroL s;.�r. this Resolution, is r hall become effective' at
the end of t:eri calendar days from the date it was u-tsscd and adapted. if.
rhe, Mayor vetoc-_s this Resolution, it shall become effective i.m!neditately
upoI: uveri,ade- of t:lle votO by the citj C:ol?Unlssiol7.
?age 2. of 3
01- 824
PASSED AND ADOPTED this -26th day of J.uly 2001.
JOE, CAROLLO, MAYOR
in actorcla m"O vvilh M-Mrni Cod!? Soc. 2-25, siroothr, 10;oInr did Pot indicate apprm/M Op
;)v is in Una
;.,t) i -o") Cjc) Jala of
without lhtj Mayor -:,,xorciolng 'a vc-,,Lo.
ATTE'ST:
AVA.er,J. Foaman, City Clark
WALTER a', FOFMAN
CITY CLENK
APPROVEg.,<S5 T�VFO,K-1'1' D CORRECTNESS -.V
LO
;OOCI ATTORNEY
5625:BSS
17-62
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