HomeMy WebLinkAboutR-90-0979J-90-1067
12/6/90
RESOLUTION NO. 9 U_ 979
A RESOLUTION APPROVING, IN PRINCIPLE, A
CONTEMPLATED LOAN BY MIAMI CAPITAL
DEVELOPMENT, INC. TO TEATRO MARTI WITH AMOUNT
AND TERMS TO BE AGREED UPON BY MIAMI CAPITAL
DEVELOPMENT, INC. AND TEATRO MARTI.
WHEREAS, the Miami City Commission recognizes the necessity
of providing assistance to business which have been mainstays of
a depressed area of the City for a number of years; and
WHEREAS, Miami Capital Development, Inc. has indicated that
it is willing to provide such financial assistance;
WHEREAS, the particular methods of loan assistance were
discussed at the City Commission meeting of December 6, 1990;
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 approves, in
principle, the granting of a loan by Miami Capital Development,
Inc. to Teatro Marti with the amount, terms and conditions to be
agreed upon by the two parties.
Section 3. This Resolution shall become effective
immediately upon its adoption.
PASSED AND ADOPTED this 6th day of 1990.
X
ATTES AVIER L. SU EZ, OR
MATTY HIRAI
CITY CLERK
CITY COMMISSION
!+lFE iNG OF
DEC 6 1990
.90 - 97
PREPARED AND APPROVED BY:
RAFAEL T. DI
Chief Assistant Ci Attorney
APPROVED AS TO FORM AND
CORRECTNESS:
ROD/pb/M1962