HomeMy WebLinkAboutR-94-0214J-94-273
03/23/94
RESOLUTION NO. 9 4 214
A RESOLUTION AUTHORIZING A LOAN, IN AN AMOUNT
NOT TO EXCEED $1,500,000 FROM THE H.O.M.E.
LOAN PROGRAM, TO OLYMPIA BUILDING PARTNERS,
LTD., FOR USE IN THE REDEVELOPMENT OF THE
OLYMPIA BUILDING, LOCATED AT 174 EAST FLAGLER
STREET, MIAMI, FLORIDA, SAID LOAN SUBJECT TO
THE REVIEW AND APPROVAL OF THE CITY MANAGER.
BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI,
FLORIDA:
Section 1.
A loan
in an amount not
to exceed
$1,500,000
is hereby authorized/
to
Olympia Building
Partners,
Ltd., from
the H.O.M.E. Loan Program, for use in the redevelopment of the
Olympia Building, located at 174 East Flagler Street, Miami,
Florida, said loan subject to the review and approval of the City
Manager.
Section 2. This Resolution shall become effective
immediately upon its adoption.
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 r
applicable City Charter and Code provisions. �0� CON i=
I MEETING OF
MAR 2 4 1994
Resolution Nos
94-- 214
PASSED AND ADOPTED this 24th day of March, 1994.
t
AT T: STE HEN P. CL RK, MAYOR
MA TY HIRAI
CITY CLERK
PREPARED AND APPROVED BY:
de�
G. MIRIA MAER
CHIEF ASSISTANT CITY ATTORNEY
APPROVED AS TO FORM AND
CORRECTNESS:
GMM/as/M4238
-2-
A- 214