HomeMy WebLinkAboutR-98-0224J-98-253
2/24/98
RESOLUTION NO. 9 8— 224
A RESOLUTION AUTHORIZING THE EXTENSION OF THE
DATE TO OPEN THE COMPOSTING FACILITY
(FACILITY), SUBJECT OF THE AGREEMENT BETWEEN
THE CITY OF MIAMI AND BEDMINSTER SEACOR
SERVICES (BEDMINSTER) FROM OCTOBER 20, 1998
UNTIL OCTOBER 20, 2000, SUBJECT TO: (1) THE
CITY MANAGER OBTAINING AN AGREEMENT FROM
BEDMINSTER THAT IT WILL PAY TO THE CITY AN
AMOUNT EQUIVALENT TO THE CITY'S RECYCLING
COSTS FOR FISCAL YEARS 1998-1999 AND
1999-2000, (2) THE POSTING OF A PERFORMANCE
BOND OR LETTER OF CREDIT BY BEDMINSTER
GUARANTEEING THE OPENING OF THE FACILITY BY
OCTOBER 20, 2000, (3) THE AGREEMENT BY
BEDMINSTER THAT THE $1,000,000, HELD BY THE
CITY PENDING PERFORMANCE BY BEDMINSTER UNDER
THE TERMS OF THE AGREEMENT, BE IMMEDIATELY
RELEASED TO THE CITY'S GENERAL FUND FOR USE
AT THE CITY'S DISCRETION, AND (4) APPROVAL BY
MIAMI-DADE COUNTY.
WHEREAS, the City of Miami and Bedminster Seacor Services, a
Miami corporation ("Bedminster") entered into a Restated Compost
Recycling Agreement dated as
"Agreement"); and
of November 30, 1995, (the
WHEREAS, the Agreement requires that the composting facility
contemplated therein commence operation no later than October 20,
1998, (the "Commencement Date"); and
ENT CD�II�II3SI0�1
FETING OF
FEB 2 4 1998
Resolution No.
98- 224
WHEREAS, Bedminster has requested that the City extend the
Commencement Date to October 20, 2000.; and
WHEREAS, the City Commission wishes to extend the
Commencement Date to October 20, 2000, subject to the conditions
set forth herein;
NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY
OF MIAMI, FLORIDA:
Section 1. The recitals and findings contained in the
Preamble to this Resolution are hereby adopted by reference
thereto and incorporated herein as if fully set forth in this
Section.
Section 2. The City Commission hereby extends the
Commencement Date to October 20, 2000, subject to the conditions
set forth below.
Section 3. The City Manager is to negotiate an agreement
(the Extension Agreement") with Bedminster pursuant to which
Bedminster will agree to pay to the City an amount equal to the
City's recycling costs for each of the two years of the extension
granted herein.
Section 3. The Extension Agreement shall also stipulate
that the $1,000,000 currently held by the City to guarantee
Bedminister's performance by the current October 20, 1998
deadline shall be released immediately to the City's general fund
for the City to use as it deems necessary.
Section 5. The Extension Agreement shall further
stipulate that Bedminster will post a new performance bond or
letter of credit to guarantee the performance of its obligations
-2- 98- 224
under the Agreement by the new October 20, 2000 opening date of
the composting facility.
Section 6. The Extension Agreement shall be subject to
approval by Miami -Dade County in accordance with the terms of the
relevant interlocal agreement between the City and the County.
Section 7. This Resolution shall become effective
immediately upon its adoption.
PASSED AND ADOPTED this 24th day of February , 1998.
XAVIER . SUAREZ, MAYOR
PREPARED BY:
y
RA EL O. DIAZ
DEPUTY CITY ATTORNEY
APPROVED AS TO FORM AND CORRECTNESS:
?'0���
IEREIM
WARD MAXW L�
CITY ATy6RNEY
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98- 224
CITY OF MIAMI, FLORIDA
INTER -OFFICE MEMORANDUM
Honorable Mayor and Members February 24, 1998
r� of the City Commission DATE FILE
Pocket Item
SUBJECT
Humberto Hernandez
FRcm Chairman REFERENCES
ENCLOSURES
I would like to request that you consider an amendment to the Bedminster Seacor
Services Miami Corp. Agreement with the City of Miami to extend the Restated
Compost Recycling Agreement for a period of two years from October 1, 1998 to
October 1, 2000 in exchange for payment of $788,306 each year to continue the present
household recycling.
The one million dollars performance deposit may be transferred into the general fund
to use by the City of Miami on an as needed basis. However, as payment, they will be
credited $788,306 and $211,694 on October 1, 1998 and October 1, 1999, respectively.
Further, $576,612 must be deposited by October 1, 1999 to complete total payment.
Also, either a letter of credit or a one million dollar bond must be presented to the
City of Miami as of October 1, 1998.
98- 224