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HomeMy WebLinkAboutR-90-03714, 4 J-90-441 5/7,4/90 RESOUNION NO. 9 0- 371 A RESOUITION APPROVING THE EXPENDITURE BY THE MIAMI SPORTS AND EXHIBITION AUTHORITY OF $10,000 TO ASSIST IN THE STAGING OF THE 1990 BUDWEISER HYDROPLANE REGATTA. WHEREAS, the Miiami Sports and Exhibition Authority (the "Authority") approved on June 29, 1989 an administrative operating budget for the fiscal year 1989-90; and WHEREAS, the Authority has approved, subject to City Co mission approval, the expenditure of an additional $10,000 to assist in the staging of the 1990 Budweiser Hydroplane Regatta at Miami Stadium; and WHEREAS, the expenditure of a total of $10,000 requires a supplemental budget allocating from the Authority; and WHEREAS, the ordinance creating the Authority provides that the Authority is required to suhmit to the City Com-Lission for approval any supplemental budget allocation to the Authority's budget; NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI, W-9. 02. Section 1. The City Carmlission hereby approves the supplemental budget allocation of the Miami Sports and Exhibition Authority for the expenditure of $10,000 for the staging of the 1990 Budweiser Hydroplane Regatta. Section 2. This Resolution shall becene effective immediately upon its adoption. PASSED AND ADOPTED this 24th RAFAEL 0. DIAZ ASSISTANT CITY ATTORNEY' ROD:gb:M1548 day of May 1990. XAVIER L. S , MAY APPROVED AS TO FORM AND CORRECTNESS: :TO L . FERN4NDEZ CI ATTORNEY CITY COMVVUI ° � 1Ci4 EETI `-F 90- 9?1 111CLUYldti ka,---