HomeMy WebLinkAboutR-85-0976A PPSOI,11TTOtl A11'7H0Rr:/,TN, THP, r'TTv
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`✓ HIERFAS, l]n( �-'r'wr 1 t,? rs f.-)r hi- Ray.;Lc]t 7,n-t-i a i f-V %7etit-r
Park inq (T-ira(ie 1)rflct i��Pr0'jPCt+' 1 I19V- ]z; t11at hi1F� nr,tint
h)nd inark,,:-t i.s '.eery Favor:ihle at thiq ant
nUm('r)uP:; co,nt)leX ,regar-linq thl..`;
PrO_ieCt must he rPsOIvec1 Prier t,) thf? and
WHEREAS, John F. Vearson , a rlartner with t•_'ne 1.aw firm of
Sane, Gray, To(Id, & Sims has been intimately inv..)1ve,1 with the
9ayside Project and is Fa!ni 1 iar with the l(-�')SeS ar1:1 with the
complexitios of thn re+nainin(I and
WHERI,AS, John F. Pr:arson has in the ar- -Is (7)f r_eal.
property and finance; and
T,,IHEIZEAS, the firm of Saq(�, (,r_ av, Torld, & Sims has sunport
capabilities which can proviJ completed documents in an
expedited manner and can transmit those locuments immediately to
the Maryland Office of counsel For. the Project by means of its
sophisticated word processinq equipment; and
WHEREAS, such expertise and sophisticated technology will
aid in resolving the re-maininq issues in an expedited manner so
as to enable the City to take advanta()e of the current bond
market;
NOW, THEREFORE, BE IT RFSOLVFI) BY THE COMMISSI0ti OF -rHp, CITY
OF MIAMI, FLORIDA:
CITY COMMISSION
MEETING OF
S�P 2G 1585
RCtiULU11U;1 hu. Ut1---97C
REMARKS.
LE
Aection The pity Attot-bePv I het eby authOrited to R
a
re.tAiri the aw Pl-rtt of Sages tyt�c`1Vi �n �� & SLfiS as sbecla� -
couhsF�1 t� as ist In the flna1 net�oti.Atlons and docutll��nt dra��tn�
111 �.y1>iSil�'Ctloh With the 1S51 Ahite !fir ]ildllS`FY`lc�� c�nt�F?�C7i�P1lE!1jt YE'vPhtje
4
bonds fot the 3aSiC e Specialty Center Parking `laracle Project roue
to the utgeht need for expedited actioni h resol�tinct the
remaining iSSueS related to said Project, with funds for Said
services hereby allocated from bond proceeds
PASSED AND ADOPTED this 26th day of SEPTEMBER -
1985.
MAURIC E A. FERRE
MAURT.CE A. FERRF, Mayor.
A E
HIRAI
C ty Clerk
3.
PREPARED AND APPROVED:
ru�6
G. -MIRIAM MAER
3
Assistant City Attorney
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+ APPROVED T RM AND CORRECTNESS:
L5.
LUCIA 0 U G H Y
st
City Attorney /VT
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CITY OF MIAMI. FLORIDA
INTER -OFFICE MEMORANDUM
nor :.)�._ mayor and yPmbers
)F the Commission
Lucia A. D aher`_v
City Attorney
DATE Auaust 30, 1985 V'tE85-�58
Special Bond Counsel -
S.JB_E_'
Bayside Parking Garaqe
Industrial Develicment
Revenue Rona Issue
REFERENCES
ENCLOS,JRE sProposed Resolution
Th= Rouse Company would like to take p,)ss,�ssion of the
L-�.3s•3d nroperty and commence construction as soon as possible.
I.`,e underwriters for the I.D.B. issue which will be used to
`inance the construction of the garage have advised us that the
Present bond market is very favorable at this time. Numerous
zc.x anti involved issues regarding the Project must b?
re.:o' red prior to the issuance of bonds.
J,)hn T. ?earson, a partner with t:ze law firm of Sage Gray
& Sims, has been very involved with the Bayside ?ro:',ect ,and
is familiar with the leases, the bond documents, and the
c.mpiexities of the remaining issues. The availabilitv of such
expertise will assist the Citv in resolving the remaining issues
in an expedited manner. His fees will be paid from bond
r,r-ed Therefore, I recommend approval of the attached
Proposed resolution.
P,037/LAD/'GMM/bj r
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