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HomeMy WebLinkAboutR-85-0933-a J-85-946 RESOLUTION NO.85-9c1% A RESOLUTION AUTHORIZING THE CITY MANAGER TO EXECUTE AN AMENDMENT TO THE MINORITY PARTICIPATION AGREEMENT BETWEEN THE CITY AND THE BAYSIDE CENTER LIMITED PARTNERSHIP FOR THE BAYSIDE SPECIALTY CENTER TO CLARIFY CERTAIN GOALS AS SET FORTH IN THE FIRST AMENDMENT TO THE AGREEMENT ATTACHED HERETO. WHEREAS, the City and the Bayside Center Limited Partnership entered into a Minority Participation Agreement dated January 14, 1985, setting forth obligations with regard to minority participation in the Bayside Specialty Center project; and WHEREAS, the City and Bayside Center Limited Partnership desire to amend the Minority Participation Agreement to clarify certain goals as set forth in the First Amendment to the Agreement attached hereto; NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI, FLORIDA: Section 1: The City Manager is hereby authorized to execute an Amendment to the Minority Participation Agreement between the City of Miami and the Bayside Center Limited Partnership for the Bayside Specialty Center project to clarify certain goals as set forth in the First Amendment to Minority Participation Agreement as attached hereto. PASSED AND ADOPTED this 12th day of SEPTEMBER , 1985. MAURICE A. FERRE AAURICE AERRS, MAYOR T ES . MA7TY HIRAI, CITY CLERK APP ED t FORM AND CORRECTNESS: CITY b1EElC; LOCIT A. DOUGUMRTY SEP I ti 1985 CITY ATTORNEY kES0Ui1�u�� �, c,S�-9'�.� 3 REMNKhj • v FIRST AMENDMENT TO MINORITY PARTICIPATION AGREEMENT THIS FIRST AMENDMENT TO MINORITY PARTICIPATION AGREEMENT ("this Agreement") made this day of September, 1985 by and between the CITY OF MIAMI, a municipal corporation of the State of Florida ("the City") acting by and through the CITY MANAGER ("the City Manager") and BAYSIDE CENTER LIMITED PARTNERSHIP, a Maryland limited partnership ("Developer"). WITNESSETH THAT WHEREAS the City and Developer entered into a Minority Participation Agreement dated January 14, 19B5 (the "Minority Participation Agreement") setting forth the Developer's obligations with regard to minority participation in a development project to be known as Bayside Specialty Center. WHEREAS City and Developer desire to amend the Minority Participation Agreement to clarify certain goals set forth therein, NOW THEREFORE for and in consideration of Ten Dollars ($10.00) and other good and valuable consideration, the receipt and adequacy are hereby acknowledged the parties agree to amend the Minority Participation Agreement as follows: Section 1. Amendment. Add the following new paragraph at the end of Section 2.1 of the Minority Participation Agreement: "Developer agrees to exert diligent, good faith efforts consistent with reasonable bidding practices to generate bids from Minority Business Enterprises with a goal of achieving approximate dollar amount parity in the amount of Construction Contracts awarded pursuant to Section 2.1a above between Black and Hispanic Minority Business Enterprises." Section 2. Defined Terms. All terms appearing in this Amendment in initial capitals shall have the same meaning as in the Minority Participation Agreement. 85-913- 3 Section 3. Effect of Amendment. This Amendment shall only be effective when executed and delivered by both parties hereto. Excepted as otherwise modified by this Amendment, the Minority Participation Agreement shall remain in full force and effect. IN WITNESS WHEREOF, ROUSE-MIAMI, INC., the sole general partner of BAYSIDE CENTER LIMITED PARTNERSHIP, has caused this First Amendment To Minority Participation Agreement to be signed in its name by its Vice President and its corporate seal to be hereunto affixed, duly attested by its Assistant Secretary, and the CITY COMMISSION OF MIAMI has caused this First Amendment To Minority Participation Agreement to be signed by Sergio Pereira, the City Manager, and duly attested to by Matti Harai, the City Clerk, on the day and year first hereinabove written. ATTEST: John W. Steele III, Assistant Secretary BAYSIDE CENTER LIMITED PARTNERSHIP By: ROUSE-MIAMI, INC., general partner By: Vice President [Corporate Seal] ATTEST: THE CITY OF MIAMI, A MUNICIPAL CORPO- RATION OF THE STATE OF FLORIDA By: Matty Harai, City Clerk SergioPereira, City Manager APPROVED AS TO FORM AND CORRECTNESS: UCIA ALLEN DOUGHERTY CITY ATTORNEY 1281G/500A 85-91311 -2- a IT + rt.C)gID11 TO Honorable Mayor and Members of the City Commission IIRO"Ser gio Pereira City Manager Sept. 5, 1985 :ItF BY.460.01 Amendment to Bayside Minority Participation Agreement — For City Commission Meeting of September 12, 1985 Resolution, Agreement It is recommended that the City Commission —�ad�oppt the attached Resolution a toPorizing the City Manager to execute an Amendment 77 to the Minority Participation Agreement between the City and Bayside Center Limited Partnership for Bayside to clarifycertaingoals as set forth in the First Amendment to the Agreement attached hereto. The City and the Bayside Center Limited Partnership entered into a Minority Participation Agreement dated January 14, 1985, setting forth obligations with regard to minority participation in the Bayside _ Specialty Center project. The City and Bayside Center Limited Partnership desire to amend the Minority Participation Agreement to clarify certain goals as set forth in the First Amendment to the Agreement attached hereto. It is recommended that the attached Resolution be adopted authorizing the City Manager to execute an Amendment to the Minority Participation , Agreement between the City of Miami and the Bayside Center Limited Partnership for the Bayside Specialty Center project to clarify certain goals as set forth in the First Amendment to Minority Participation Agreement as attached hereto. E5_93