HomeMy WebLinkAboutR-85-1229J-85-1231
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RESOLUTION NO. ��t
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A RESOLUTION AUTHORIZING THE CITY
MANAGER TO EXECUTE A MEMORANDUM OF
INTENT, IN SUBSTANTIALLY THE FORM
ATTACHED, BETWEEN THE CITY OF MIAMI
AND THE KNIGHT FOUNDATION,
CONFIRMING THE KNIGHT FOUNDATION'S
INTENT TO GRANT TO THE CITY AN
AMOUNT OF $658,171 FOR THE
CONSTRUCTION OF THE TOWER OF LIGHT
AND LIGHTING SYSTEM WITHIN BAYFRONT
PARK IN ACCORDANCE WITH THE BAYFRONT
PARK REDEVELOPMENT PROJECT PLANS.
BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI,
FLORIDA:
Section 1. The City Manager is hereby authorized to execute
a Memorandum of Intent in substantially the form attached,
between the City of Miami and the Knight Foundation, confirming
the Knight Foundation's intent to grant to the City an amount of
$658,171 for the construction of the Tower of Light and Lighting
System within Bayfront Park in accordance with the Bayfront Park
Redevelopment Project Plans.
PASSED AND ADOPTED this 19th day of December 1985.
ATT
MATTY HIRAI, CITY CLERK
PREPARED AND APPROVED BY:
ROBERT F. CLARK
Chief Deputy City Attorney
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XXVIER L. SUARE , Mayor
APPROVED A$` T
LUCIA A. DOUGHE
City Attorney
RM AND CORRECTNESS:
CITY COMMISSION
MEETING OF
DEC 19 1985
RESOLUTI0i4 No.85-1
REMARKS.
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MEMORANDUM OF INTENT GOVERNING GRANT
FOR CONSTRUCTION OF TOWER OF LIGHT IN BAYFRONT PARK
This memorandum dated as of the day of November,
1985, between the Knight Foundation ("Foundation") and
the City of Miami ("City"),
WITNESSETH:
WHEREAS, the City is committed to the redevelopment
of the Bayfront Park in accordance with the design plans
prepared by Isamu Noguchi, adopted and approved by the
City; and
WHEREAS, it is contemplated that the redevelopment
improvements under the approved design plans will be
constructed in three phases, (1) Baywalk and Pepper Foun-
tain; (2) Amphitheatre, Backstage Building, Amphiwalk,
Tower of Light, Rock Garden, and general park improvements
north
of the Promenade, and (3) Promenade, Chopin Plaza
3 Court, and general park improvements west of Baywalk,
Y
depending upon funding availability; and
WHEREAS, the funding of a substantial part of the
budget for the redevelopment improvements has been accom-
plished by the City, and construction of certain improvements
is under way; and
WHEREAS, the City has requested the Foundation to
make a grant for the purpose of providing funds necessary
for construction of the Tower of Light in accordance with
the approved plans and budget; and
WHEREAS, the Foundation heretofore indicated its
ss interest in making a grant of funds to the City of Miami,
85-1229
STEEL HECTOR b DAVIS, MIAMI, FLORIDA
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to be utilized for payment of the cost of constructing
the Tower of Light and lighting system on the base facility
to be provided by the City, as reflected by the approved
plans and budget, subject to the terms and conditions
prescribed herein.
NOW, THEREFORE, the parties hereto covenant and
agree as follows:
1. The Foundation confirms its commitment to make
a grant in the total sum of $658,171.00 to the City of
Miami for the purpose of funding the construction of the
Tower of Light and lighting system within the Bayfront
Park, in accordance with the approved plans, construction
contracts, and budget for such project. The amount of the
grant is based on the City's letter application, dated
February 25, 1985.
2. The Foundation shall not become obligated to
make said grant of funds until the City has provided
reasonable assurance, satisfactory to the Foundation, that
full funding is available to the City for payment of the
costs required in order to complete all redevelopment
improvements of the Bayfront Park prescribed in the
existing design plan prepared by Isamu Noguchi, and the
City provides additional assurance of its intention promptly
to complete all three phases of the Bayfront Park according
to said Noguchi plan. The Foundation reserves the right,
at its discretion, to waive the requirement as to any
particular redevelopment improvements, except that full
funding shall be required with respect to the Promenade,
the entire structure designed to provide the base for
construction of the Tower of Light, Amphitheatre, Backstage
Building, Rock Garden, Amphiwalk, and general park improvements
north of the Promenade.
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STEEL HECTOR 6 CAVIS. MIAMI, FLORIDA
85-1229
3. The obligation of the Foundation to make the
grant shall not become effective or enforceable until the
City has entered into a binding agreement with the Founda-
tion, upon terms satisfactory to the Foundation, which shall
govern the funding, construction, maintenance, and operation
of the Tower of Light and its lighting system, and the
underlying base structure, including the matters contained
in the City`s letter application, and appropriate related
matters. It is intended that such agreement will be executed
by the parties upon compliance with the provisions of
Section 2 hereof.
IN WITNESS WHEREOF, the Foundation and the City have
caused this Memorandum of Intent to be duly executed as
of the date first above written.
KNIGHT FOUNDATION
BY ITS BOARD OF TRUSTEES
By:
"Foundation"
CITY OF MIAMI
By:
City Manager
"City"
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STEEL HECTOR & DAV15, MIAMI, FLORIDA 85r1229
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3. The obligation of the Foundation to make the
grant shall not become effective or enforceable until the
City has entered into a binding agreement with the Founda-
tion, upon terms satisfactory to the Foundation, which shall
govern the funding, construction, maintenance, and operation
of the Tower of Light and its lighting system, and the
underlying base structure, including the matters contained
in the City's letter application, and appropriate related
matters. It is intended that such agreement will be executed
by the parties upon compliance with the provisions of
Section 2 hereof.
IN WITNESS WHEREOF, the Foundation and the City have
caused this Memorandum of Intent to be duly executed as
of the date first above written.
KNIGHT FOUNDATION
BY ITS BOARD OF TRUSTEES
By:
"Foundation"
CITY OF MIAMI
By:
City Manager
"City"
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STEEL HECTOR 6 DAVIS, MIAMI, FLORIDA
85-1229
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CITY OI` MIAMI. OrL.ORIDA
�. INTER -OFFICE fNEMCRANOUM
40
TO Honorable Mayor and DATE! December 4, 1985 FILE: BP.460.04
Members of the City
Commission SUBJECT: Bayfront Park Light Tower
Memorandum of Intent
FROM: Cesar H. Odio REFERENCES: For City Commission
City Manager Meeting of Dec 19/85
ENCLOSURES: Resolution, Memorandum
of Intent
It is recommended that the City Commission
adopt the attached resolution authorizing
the City Manager to execute a Memorandum of
Intent in substantially the form attached,
between the City of Miami and the Knight
Foundation, confirming the Knight Foundation's
intent to grant to the City an amount of
$658,171 for the construction of the Tower
of Light and Lighting System within Bayfront
Park in accordance with the Bayfront Park
Redevelopment Project Plans.
As part of the Bayfront Park Redevelopment Project, a Tower of Light
has been proposed as one of the primary elements to be constructed
in the vicinity of the projected alignment of NE 1st Street. In
order to fund this aspect of the project, a letter of application
i dated February 25, 1985 was submitted to the Knight Foundation.
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To demonstrate their acceptance of the City's request for funding,
the Knight Foundation is now prepared to execute the attached
' Memorandum of Intent to grant the requested $658,171 to construct the
Tower of Light and the laser lighting system.
It is therefore recommended that the attached resolution be adopted
E authorizing the City Manager to execute the Memorandum of Intent with
+ the Knight Foundation .
SHO/JEG/mm
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