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HomeMy WebLinkAboutR-09-0132Vop City of Miami '"* Legislation < U R �O Resolution: R-09-0132 File Number: 09-00134 City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com Final Action Date: 3/19/2009 A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), AUTHORIZING THE CITY MANAGER TO: (1) EXECUTE AN INTERLOCAL AGREEMENT WITH MIAMI-DADE COUNTY ("COUNTY"), IN SUBSTANTIALLY THE ATTACHED FORM, TO INCREASE THE AMOUNT OF CONVENTION DEVELOPMENT TAX ("CDT") FUNDS PAYABLE BY THE COUNTY TO THE CITY OF MIAMI ("CITY") IN CONNECTION WITH THE DEVELOPMENT OF THE PARKING FACILITIES ON THE FORMER ORANGE BOWL SITE (THE "NEW CDT AGREEMENT") AND (11) TERMINATE THE INTERLOCAL COOPERATION AGREEMENT DATED DECEMBER 14, 2004, BYAND AMONG THE COUNTY, THE CITY, AND THE MIAMI SPORTS AND EXHIBITION AUTHORITY ("MSEA"), APPROVED BY THE CITY COMMISSION PURSUANT TO RESOLUTION NO. 04-0750, ADOPTED NOVEMBER 18, 2004, ("MSEA CDT INTERLOCAL"), PROVIDED THAT THE TERMINATION OF THE MSEA CDT INTERLOCAL SHALL BE SUBJECT TO THE CITY AND THE COUNTY ENTERING INTO THE NEW CDT AGREEMENT AND THE EFFECTIVE DATE OF TERMINATION SHALL BE NO EARLIER THAN JUNE 30, 2009. WHEREAS, pursuant to an Interlocal Cooperation Agreement dated December 14, 2004 (the "MSEA CDT Interlocal") among Miami -Dade County ("County"), the City of Miami ("City") and the Miami Sports and Exhibition Authority ("MSEA"), the County pays to the City, from Convention Development Tax ("CDT") revenues collected by the County, the sum of $2 million annually; and WHEREAS, the County and the City have agreed to enter into an Interlocal Agreement, in substantially the attached form, to increase the amount of the CDT funds payable by the County to the City to an amount sufficient to satisfy the City's obligation to construct the Parking Facilities related to the Baseball Stadium project on the former Orange Bowl site (the "New CDT Interlocal"); and WHEREAS, it is necessary to terminate the MSEA CDT Interlocal in order to give effect to the New CDT Interlocal; NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI, FLORIDA: Section 1. The recitals and findings contained in the Preamble to this Resolution are adopted by reference and incorporated as if fully set forth in this Section. Section 2. The City Manager is authorized{1} to execute the New CDT Interlocal, and terminate the MSEA CDT Interlocal; provided that the termination of the MSEA CDT Interlocal shall be subject to the City and the County executing the New CDT Interlocal and further provided that the effective date of termination shall be no earlier than June 30, 2009. City of Miand Page 1 of 2 File Id. 09-00134 (Version: 2) Printed On: 6/2/2017 File Number: 09-00134 Enactment Number: R-09-0132 Section 3. The City Manager is further authorized{2} to execute such other documents as may be needed to implement this resolution, subject to the approval of the City Attorney. Section 4. This Resolution shall become effective immediately upon its adoption and signature of the Mayor.{3} Footnotes: {1} The herein authorization is further subject to compliance with all requirements that may be imposed by the City Attorney, including but not limited to those prescribed by applicable City Charter and Code provisions. {2} The herein authorization is further subject to compliance with all requirements that may be imposed by the City Attorney, including but not limited to those prescribed by applicable City Charter and Code provisions. {3} If the Mayor does not sign this Resolution, it shall become effective at the end of ten calendar days from the date it was passed and adopted. If the Mayor vetoes this Resolution, it shall become effective immediately upon override of the veto by the City Commission. City of Miami Page 2 of 2 File Id. 09-00134 (Version: 2) Printed On: 6/2/2017