HomeMy WebLinkAboutR-97-0196-1
J-97-215
3/27/97
RESOLUTION NO. 9 7 _ 196
A RESOLUTION APPROVING THE SALE OF THE REAL
PROPERTY UNDER THE MIAMI ARENA (THE "ARENA
LAND") TO THE MIAMI SPORTS AND EXHIBITION
AUTHORITY ("MSEA") IN AN AMOUNT OF NOT LESS
THAN $5.9 MILLION SUBJECT TO THE CONDITION
THAT THIS TRANSACTION SHALL CLOSE AND THE
MONEY SHALL BE TRANSFERRED TO THE CITY NOT
` LATER THAN 10 DAYS FROM THIS DATE;
I AUTHORIZING AND DIRECTING THE CITY MANAGER
AND THE CITY CLERK TO EXECUTE ANY AND ALL
DOCUMENTS, IN A FORM ACCEPTABLE TO THE CITY
ATTORNEY, TO EFFECTUATE SAID SALE.
WHEREAS,
The
City
of Miami (the "City") will acquire
title
to Tracts A,
B and
C of
Miami Arena Subdivision, according
to the
Plat thereof, recorded in Plat Book 129, at Page 53, of the
Public Records of Dade County, Florida (the "Arena Land") from
Southeast Overtown/Park West Community Redevelopment Agency; and
WHEREAS, the City has agreed to convey the Arena Land to the
Miami Sports and Exhibition Authority;
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 sale of the real property under the Miami
Arena to the Miami Sports and Exhibition Authority, in an amount
CITY COMMISSION
MEETING OF
MAR 2 7 1997
Resolution No.
97- 196
In
of not less than $5.9 Million, is hereby approved subject to the
condition that this transaction shall close and the money shall
be transferred to the City not later than 10 days from this date.
Section 3. The City Manager and the City Clerk are
hereby authorized to execute any and all documents11, in a form
acceptable to the City Attorney, to effectuate said sale.
Section 4. This Resolution shall become effective
immediately upon adoption.
PASSED AND ADOPTED this 27th day of March 1997.
f OE-CAROLLO, MAYOR
ATTEST: /
"JP99KU
CITY CLERK
PREPARED AND REVIEWED BY:
,� 'M�..� M�ti' i�� (-��
G. MIRIAM MAER
CHIEF ASSISTANT CITY ATTORNEY
APPROVED AS TO FORM AND CORRECTNESS:
A.' QU'.tNN JO I I I
CITY ATTOR((D�/3/``hYn
W1525:BSS
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.
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