HomeMy WebLinkAboutR-78-0599RESOLUTION No. 7 8 -
A RESOLUTION AUTHORIZING THE CITY MANAGER
TO EXECUTE AN AMMENDED LEASE AND AGREEMENT
WITH MIAMI CENTER ASSOCIATES, LTD., THE
PRIVATE DEVELOPER OF THE HOTEL AT THE CITY'S
CONFERENCE/CONVENTION CENTER INCORPORATING
ALL THE MODIFICATIONS, CLARIFICATIONS AND
AMPLIFICATIONS AS PER THE ATTACHED
AMENDMENT NO. 1.
WHEREAS, the City has entered into Agreement with
MIAMI CENTER ASSOCIATES, LTD., (DEVELOPER) by Resolution
NO. 77-820, dated 19 October 1977, and No. 78-74, as amended,
dated 24 January 1978, to provide, among other things a base
structure for the Improvements which will be constructed by
the DEVELOPER, at the site of the City of Miami/University
Of Miami James L. Knight International Center (PROJECT); and
WHEREAS, contained in said Agreement paragraph 19.7,
Recognition of Mortgagee Requirements, it is recognized that
'the Mortgagee may require certain changes and provisions in
said Agrement, and;
WHEREAS, the Developer has secured a mortgage for
$26,000,000 from Massachusetts Mutual Life Insurance Co.
subject to certain modifications and provisions;
NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION
"DOCUMENT INDEX
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That the City Manager be authg)0dNA
ammended Lease and Agreement with Miami Center Associates,Ltd.,
the private developer of the hotel at the City's Conference/
Convention Center incorporating all the modifications,
clarifications and amplifications as per the attached
ammendment No. 1.
PASSED AND ADOPTED this 28 day of September
OF THE CITY OF MIAMI, FLORIDA:
ATTES :
-,-,7
441,PH G. ONGIE, CITY CLERK--
PREPARED AND APPROVED BY:
ROI3ERT F, CLARK
ASSISTANT CITY ATTORNEY CIT TTORNEY
C:1
Maurice A. Ferre
MAURICE A. FERRE, MAYOR
S TO FO Al C RRECTNESS:
F, KNOX, JR