HomeMy WebLinkAboutR-79-0412RESOLUTION NO. ` 9 4 1 2'
A RESOLUTION WHEREBY THE COMMISSION OF THE CITY OF MIAMI
CONFIRMS ITS INTENTION TO THE UNITED STATES DEPARTMENT
OF HSUSING AND URBAN DEVELOPMENT (HUD) TO COMMIT THE .'
CITY OF MIAMI TO THE DEVELOPMENT, CONSTRUCTION AND
OPERATION' OF THE WATSON ISLAND PROJECT; WHICH RESOLUTION"
THEREUPON COMPLIES WITH THE REQUIREMENTS OF HUD IN ITS
REVIEW OF THE CITY'S APPLICATION, DATED APRIL 30, 1979,.
FOR FEDERAL: ASSISTANCE UNDER THE URBAN DEVELOPMENT ACTION
GRANTS PROGRAM WITH RESPECT TO SAID PROJECT.
WHEREAS, the Commission of the City of Miami h
City Manager to submit applications for federal and state grants by
Resolution No.` 76-919, dated October 1
United
•
1976; and
s authorized the
WHEREAS, the City Manager has submitted an application to the
States Department; of Housing and Urban Development (HUD) for
federal assistance', under the Urban Development Action
respect to the Watson Island development, dated April 30,
WHEREAS, the City Commission has
develop the City -owned
December
•
1975,
Resolution No.
Grants program with
1979; and
expressed its intent to
Watson Island by Motion No.
by Resolution No. 77-204, dated February 24, 1977,'by
7-671, dated July 2
dated April 27, 1978; and
WHEREAS,
5-1047, dated:.
1977, and by Resolution No. 78-302,
it is a }IUD requirement that the City Commission, -pass
specific legislation as; to the City'
intent towards thecompletion of
the project under consideration for federal assistance;
NOW, THEREFORE, BE. IT RESOLVED BY THE COMMISSIO T C
MIAMI,,>FLORIDA:
Section 1.: The Commission of the City hereby confirms it
tion to the United States Department of
ITEM NO.
OEX
inten-
Housing and Urban Development to
undertake the complete and timely development,
construction and operation
of` the City -owned Watson Island as a rnajor recreational and entertainment
center which will include a themed amusementpark, a specialty shopping
a waterborne transportationtermina
center, extensive marina facilities,
an amphibious airline terminal, a municipal heliport,
•
parking facilities and related ancillary features.
extensive gardens,
(fr Y COMMISSION
MEETING OF
'JUN4 14‘s
any, �7.....4 1
GEORGE
CITY A
Section 2. The Commission of the Cityhereby confirms its intention
o accept federal assistance in undertaking the Watson Island project,
in accordance with the terms and conditions set forth in the City's
application for such assistance, dated April 30, 1979.
Section 3." The Commission of the City hereby confirms its inten-
tion to sell $55,000,000'in"revenue bonds for the undertaking of the Watson
Island project, contingent upon approval by HUD othe City's application
and upon the City's receipt of an offer from HUD to award a federal grant
to the City.
PASSED AND ADOPTED this 4th day of June, 1979.
Maurice A. Ferre
MAURICE ' A. ` FERRE, ` MAYOR' ,
ATTEST:
652i),ceD
RALPH ONG E, CITY CLERK
PREPARED AND APPROVED BY:
ROBERT.F.- CLARK
ASSISTANT CITY ATTORNEY
APPROV
vir jar
0'
S TO FORM AND CORRECTNESS:
KNOX, JR.
RNEY
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1. 79-412