HomeMy WebLinkAboutItem #36B - Discussion ItemCITY OF MIAMI, FLORIDA
INTER -OFFICE MEMORANDUM
To : Honorable City Commissioners DATE : March 22, 1996 FILE
FROM : Stephen P. Clark
Mayor
SUBJECT :
REFERENCES:
ENCLOSURES:
Please be advised that at the Regular Commission meeting scheduled for March 26, 1996,
I plan to introduce as a discussion item, the approval of the Asset Purchase Agreement
between the City of Miami and Decoma Miami Associates, Ltd.
This item has been set as a time certain of 3:00 p.m. The Asset Purchase Agreement will
be forwarded to you separately by the City Manager's Office.
I have been informed by the City Attorney that this item may not be discussed at this
weekend's City Commission meeting because of the subject matter of the noticed special
meeting.
Should you have any questions, please contact Maritza Pereira.
Thank you.
SPC:ekm
cc: Cesar Odio, City Manager
A. Quinn Jones, III, City Attorney
Walter Foeinan, City Clerk
Elvi Gallestegui, Agenda Coordinator
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MEMORANDUM
TO: J.L. Plummer, Commissioner
Cesar H. Odio, City Manager
Christina Cuervo, Chief of Staff
FROM: Krongold and Todd, P.A.
RE: City of Miami; Purchase from Decoma Miami Associates,
Ltd.
DATE: March 26, 1996
We have not had sufficient time to fully review the Amended Asset
Purchase Agreement received after 12:00 noon today, but request
that you note the following:
1. Exhibit F, Consent and Agreement, (and all the exhibits
thereto) is still attached.
2. Exhibit G, Second Amendment to License Agreement, is
still attached.
3. Section l.lb on page 3 has been modified by adding the _-
words "other than Section D.8.1.1(iv) thereof" to this
Section which concerns rendering the non -compete
provisions ineffectual. This language requires
clarification. Is Decoma making reference to the six
month extension of the Management Agreement?
4. Decoma has added a new Section 6.1.7 on page 22 which
makes it an additional condition to Seller's obligations
that the City shall have executed and delivered the
Amended and Restated Management Agreement attached as
Exhibit B. If the City Commission approves this
agreement, it shall have approved the Amended and
Restated Management Agreement. According the Amended and
Restated Management Agreement must be carefully reviewed
and if necessary appropriate revisions made before the
contract is submitted to the City Commission. In the
�. alternative, 6.1.7 must be deleted.
5. One 30 day provision was changed to 60 days in Section
6.2.4 on page 23; but another 30 day provision was left
unchanged.
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CITY OF MIAMI, FLORIDA
INTER -OFFICE MEMORANDUM
TO : Honorable City Commissioners DATE : March 22, 1996 FILE :
SUBJECT :
FROM : Stephen P. Clark REFERENCES:
Mayor ENCLOSURES:
Please be advised that at the Regular Commission meeting scheduled for March 26, 1996,
I plan to introduce as a discussion item, the approval of the Asset Purchase Agreement
between the City of Miami and Decoma Miami Associates, Ltd.
This item has been set as a time certain of 3:00 p.m. The Asset Purchase Agreement will
be forwarded to you separately by the City Manager's Office.
I have been informed by the City Attorney that this item may not be discussed at this
weekend's City Commission meeting because of the subject matter of the noticed special
meeting.
Should you have any questions, please contact Maritza Pereira.
Thank you.
SPC:ekni
cc: Cesar Odio, City Manager
A. Quinn Jones, III, City Attorney
Walter Foeman, City Clerk
Elvi Gallestegui, Agenda Coordinator
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