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HomeMy WebLinkAboutR-88-1153t h S _ ` i f ~~~~~~~~o~ ~~._l~~~i~~~ A i~E~bl,~'T~b~T APPROtiI~TG THR REbt?CTI~N Cp THE ~GA~I,E TELEVISION SECtTRITY FUNS THAI MIAMI TELE=COMMUNICATIONS , INC . ZS REf~ITTRED TO MAINTAIi~ ON DEPOSIT WITH TI~$ LEPARTMENT 0~' f~'zNANCB FROM $1,500,000 TO $1,000,000; pROi~IbING FOR THE bIRECTOR OF FINANCE TO REi,EASR $600,000 FROM THE SECURITY FUNb TO MIAMI TELE-COMMUNICATIONS, INC. W'HERI3AS, Seotion 1001 Ca) of the Cable Televisit~n I,ibense Ordinance, as amended by City of Miami. Ordinance No. 10038, provides that the Seourity Fund in the sum of one million fitre hundred dollars 01,500,000) that Miami Tele-Communications, Tnc. is required to maintain on deposit with the Department of Finanee may be reduced to one million dollars ($1,000,000) upon the full completion of the. cable television system pursuant to the technical plan submitted in accordance with. Seotion 301; and WHEREAS, Seotion 1001`(a) provides that the reduction of the Security Fund. is at the option of the City Commission .upon the recommendation of the City Manager based upon his determination that the cable system is fully completed; and WHEREAS, Miami Tele-Communications,.Iao. has fully completed ~- the cable television system pursuant to the :technical plan submitted in accordance with Section 301 of the City of Miami Cable License Ordinance No. 9332; and WHEREAS, the City Manager has determined. that in doing so, :Miami Te1e-Communication, Tnc. has met the agreed terms and conditions for completion specified in the City of Miami _ Ordinance No. 10038, amending Seotion 1001. of the Cable• Television License Ordinance, and in Seotion 6 of the Agreement between the City and the cable licensee dated August 1, 1988; and WHEREAS, the City Manager recommends that the City Commission reduce the Seourity Fund in the sum of one million CITY- COMMISSION MEETING OF :~ pE~ 15 1988 RESOLUTION No~~~~~;a:iJ~ ~ ,,- ~~ REMARKS: `~ .~-_ _ ,~ ~~.. i~i r~, j p~ p~ g~\ y,r~ y~ i pq q ,p~ y~ p~ ~3Y~ ~u~~~ed d~l~a~s 1~~;~1i~;~~~/ Yll~t A~~1. i~ii.~'~`\ao~~~Vi~rt~~~i7; tho. is ~~~11j.3~eC~ to m~i~tain ~b ~e~l~sit with the ~5e~~~t~-$~it b~ pi~a~it~e to one mil~ioa dolc~rs C 51, 0~0; 000 ~ - ~fib~P, TMg~tMS'O~t~, ~p ~~ gM~a~,~iED ~Y '~~~ G~MMt~~~t~M 0~' ~~~3 ~l~y bF MrAMI , F~tI~A Seotio~i 1. the ~eourit~ Fund iii the sum of one million fire huadred dollars C51;B00,000) that Miami Tele-Communications; zac. is required to maintain on deposit with the Department of Finanoe is reduced to one millioa dollars (51,000,000). Section 2. The Director of Finanoe shall release the sum of 5800,000 'from the Security Fund to Miami Tele- Communications, Inc. This Resolution shall be effective Section 3. immediately upon adoption pursuant to Law, PASSED AND ADOPTED this 15th day of December, 1988. - XAVIER L. SUARE Z, MAYOR ., ATTEST' MATT IRAI CITY CLERK ~ ,a PREPARED AND APPROVED BY ,;~ i I . QU NN ES, DEPUTY C ATTORNEY .. '~ t I~ APPROVED AS TO FORM AND CORRECTNESS .~ e?ORG L . 8RN BZ = CITY ATTORS~ . . , , ~' ~_ ;; AQJ/q£a~M872 ~r Z ... ~ {.:F S . ~ ~ ~ - l f ~: 1 n ~~~ _ ~ , ti y'~ ~ {, j „ 3 r w ^ - ~ "fj 7 r+ s6 i~ r 1~j i'-~ ~ 'tip k z 3',~+~ ~ k _ RR Lt! ` 1 ty ~ ~~; 1 .77{.. f' ~ y 1 ~ _ p ' 1 ( ~ ~, ~ ~~~ .~-~~.'cfJi+tu`/4'~81~~~yfl/. 1'3L ": S~'4t ~~1t~1'=~kiT} _ - ~'1~ i CITY OF MtAMi, FLORIDA ~ ' INTER-0FFICE MEMORANDUM 21 ro: The Honorable Mayor and '~~~~ o~~~~,~ "J `'~ ~~~ 1~ Members of the City Commission DATE: ~©~ ~ V 19~g ~(,gi Sua~ECr: Recommending Reduction of Miami Te1e- Communications, Inc. Security Fund FROM: REFERENCES: Cesar H. Odio City Manager ENC~osuRES: ' Resolution Recomaaendation: It is respectfully recommended that the City Commission adopt the - attached Resolution reducing the Security Fund in the sum of one million five hundred dollars (51;500;000) that ~4iami Tele- Communications, Inc. is required to maintain-on deposit with .the Department of Finance to one million dollars (51;000;000). Background: Section 6 of the negotiated agreement between the City and its cable licensee; Miami Tele-Communications; Inc. (Resolution No. 88-71I,. approved by the City Commission at its meeting of July 22, 1988)~specifies that the City Manager will recommend that the City Commission release 5500,000 from the Security Fund when the .system is complete. At the time the agreement was concluded; .two requirements were outstanding: 1) the City's independent engineering consultant had not completed the review of the sub scriber system proof-of- performance; 2) the I-Net system was not complete. Many City buildings still needed to be connected to the.system. . ,.'.Th.ese requirements have now been met. ~ Therefore, -the ;agreed terms and conditions for completion specified in the City of ::Miami Ordinance No. 10035, amending- Section 1001 of; the-; Cable _. Television License .Ordinance are fulfilled. Miami Tele- Communications, Inca has received written notice that- the cable system`is fu]1y complete to the satisfaction of the City. In keeping with , the City of Miami Ordinange No. 93.32,, Sec, .. ~ 100i(a) as am.ended,., th~e~ licensee is eligible` fora" weductfion of', its required Security Fund deposit from 51,500,000.to $1;I100;000 upon the recommendation•of th.e City Manager and at the._optf;vn af' the City .Commi$si,on. . . 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