HomeMy WebLinkAboutR-86-0867J-86-917
10/23/86
RESOLUTION No. _ 86-86
A RESOLUTION URGING THE ROUSE COMPANY IN ITS
PARENT COMPANY CAPACITY TO AGREE THAT IT
GUARANTEE ITS BAYSTDF SPECIALTY CENTER RETAIL
PARCEL RENTAL REVENUE TO SERVE AS A PLEDGE
FOR CITY REVENUE BONDS 11; AT; AMOUNT NOT TO
EXCEED $10,000,000.
BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI,
FLORIDA:
Section 1. The City Commission hereby urges the Rouse
Company in its parent company capacity to agree that it guarantee
its Bayside Specialty Center retail parcel rental revenue to
serve as a pledge for City revenue bonds in an amount not to
exoeed $10,000,000.
PASSED AND ADOPTED this 23rd day of 1986.
ATTB XAVIER L. SUA Z, MAYOR
NATTY HIRAI
CITY CLERK
PREPARED AND APPROVED BY:
-/—,q - & e4 C..
ROBERT F. CLERK
CHIEF DEPUTY CITY ATTORNEY
APPROV$4,�'0 ,FARM AND CORRECTNESS:
LUCIA A. DOUGHER3C
CITY ATTORNEY
RFC:bes:M243
i
IM COMMISSIONMEETING OF
OCT k 3 1986
faw No. 99"""`R I
MATTY HIRAl
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D l p l 11 C I T 1 C t F R K 5
Ruhr••' F . I Inwr%
Georg.,! M (.1111(
November 17 1986 E%eI„' "
� c� Iis �t ♦1c•nd, .; ,•
ltl�i,UGni•
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Mr. James Dausch
Rouse Company
330 Biscayne Boulevard
Suite 700
Miami Florida 33132
m
RE: BAYSIDE RENTAL REVENUE
. Dear Mr. Dausch:
Enclosed herein please find a copy of Resolution No. 86-867,
passed and adopted by the City of Miami Commission at its meeting
IM
held on October 23. 1986, which is self explanatory.
_tee On behalf of the Cityof Miami thank � you for your attention.
V y truly yours,
l
atty Hirai
City Clerk
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OFFICE Of THE CITY CLERK / City Hall / 3500 Pan American Drive / P.O.Box 330708 / Miami, Florida 33:33-07(w - t3Ui 579•6U65