HomeMy WebLinkAboutMemo-Community DevelopmentEl
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Pedro G. Hernandez, P.E.
TO: City Manager
CITY OF MIAMI, FLORIDA
INTER -OFFICE MEMORANDUM
FROM :eor a Mensah, Director
Dept. of Community Development
DATE:
SUBJECT:
REFERENCES:,
ENCLOSURES:
March 30, 2009
FILE:
Corrected Loan
Agreement for Item RE -7
Please be advised that the attached Loan Agreement, Promissory Note and attachments in
connection with item RE -7 on the City Commission Meeting Agenda of April 2, 2009,
need to substitute Loan Agreement, Promissory Note and attachments for Parrot Jungle
and Gardens of Watson Island, Inc. agreement currently included as attachments for said
item. The following corrections were made to the aforementioned documents:
(1) Whereas #2 — is changed to read, "Whereas, on January 9, 2001 Miami -Dade
County ("County") made a Section 108 Loan to Sub recipient ..."
(2) Whereas,#3 '— CDBG is written out first then changed to the acronym in
quotations "CDBG"
(3) Whereas #5 — the language regarding the payment of property taxes will be
removed from the loan agreement.
(4) CDBG Funds is replaced with General Funds.
(5) 2.2 will be replaced with the language from the resolution.
(6) 2.3 The acronym FTE is spelled out and "FTE" will be used in the remainder of
the document.
(7) 8.1 (b) — the spelling for General Funds is corrected.
(8) Exhibit A — changes made to match the Loan Agreement.
(9) Promissory Note — changes made to the terms of the loan repayment schedule to
read, "48 monthly payments in the amount of $16,667, beginning and
ending , provided..."
We have made the corr do to the Loan Agreement, Promissory Note and attachments
and forwarded the revi ed a sion to the Agenda Office.
Approved: 3 OG
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Pedro G. Hlelffrakez, .E. City Manager;_
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cc: Elvi Gallastegui, Agenda Coordinator
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