HomeMy WebLinkAboutR-91-0902A RESOLUTION AUTHORIZING THE CITY MANAGER TO
ENTER INTO A LOAN AGREEMENT, IN A POPS
ACCEPTABLE TO TER CITY ATTORNEY, WITH
INTERNATIONAL SOLUTIONS, INC., IN THE AMOUNT
OF $1 S , 000 FOR A PERIOD OF 90 DAYS AT THREE
PERCENT (3i) INTEREST, TO PROVIDE SEED MONEY
FOR TEE INITIAL PROMOTION OF THE DATA '92
COMPUT99 AND INFORMATION SYSTRMS SHOW;
ALLOCATING FUNDS THEREFOR FOR SAID LOAN FROM
THE INTERNATIONAL TRADE BOARD FY'91-92
BUDGETED FUNDS.
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WHEREAS, the City's International Trade Board unanimously
approved a motion at the November 28, 1991 Board meeting to
support the DATA '92 Computer and Information Systems Show; and
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WHEREAS, the DATA Computer shows are highly successful
computer exhibitions held annually in Miami; and
WHEREAS, it is imperative that the City support successful
trade shows which serve as effective tools for promoting Miami
` nationally and internationally as a major marketing and
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f� distribution center for firms in the United States, Latin
America, and the Caribbean; and
WHEREAS, the International Trade Board has been a sponsor of
this event since its inception in 1990;
NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY
,OF MIAMI, FLORIDA:
!` Section 1. The recitals and findings contained in the
j!
Preamble to this Resolution are hereby adopted by -reference
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CITY CObDWSION
MATING OF
DEC 5 1991
91 902
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Thereto and inoorpora od
R
Motion
SyTt.� i
}t, Seotion g. The City Manager is hereby &UthoriZed to enter
into a loan agreement, in a form aooeptable to the City Attornep,
with International 80lUti6ne'§ IhO, in the aMount of $113,000, for
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a period of ninety (0S) days at three peroent (31k) interest, to
provide Seed money for the initial promotion of -the DATA ' 92
Computer and Information Systems Show, with funds for said loan
therefor hereb:allodated from the international. Trade Board
h
PY191-92 Budgeted Funds.
Seotion 46 This Resolution 'shall beo�ome effeotive
immediately upon its adoption,
PASSED AND ADOPTED this 5th day of Deoember 1991.
VIER L. SUAREZ, MAYOR
:
ATTES
MAT HIRAI, CITY CLERK
BUDGETARY.REVIEW:
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MANOHAR:S
ASSISTANT C MANAGER
PREPARED APPROVE BY:
APPROVED AS TO
FORM AND
CORRECTNESS
IfUMBERTO HE ANDEZ
A. QU d ,
III
ASSISTANT CITY ATTORNEY
CITY ATTO
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