HomeMy WebLinkAboutMemoJLIN-17-2009 13:48 From:CITY MANACER
SP. 1
CITY OF MIAMI
OMCE OF THE CITY ATTORNEY
MEMORANDUM
TO: The HonAODMMUSiO
City Comminionm
FROM: Pedro G.Manager
DATE: June 17, RE: special C — hme 18, 2409
The attach d resohztwn is beimg wed for your consWeiratim at the Special
City Commission Meet* of June 18, 2009.
On Apr4 15, 2009, ft City ofMiami, Mi emi-Dade Cowly and Marlins Stadium
De Ipper, LLC extmvd into a Coffin Administration Agnxmem for the
coffin of the Baseball Stadium, reblod Pubhe due and City Padang
Facilities ("CAA"). It is necessary to =end the CAA to, wnomg od= things_
(I) EXTEND THE OUTSIDE DATE FOR TERM NATION FOR CC1NVENEENCE
BY ALL PARTIES TO THE RAuiIEu OF: EXECUT ON BY G'UUNTY OF
BOND PURCHASE AGREEMENTS OR. AMY 15,2M.
(IT} PROVIDE THAT IF THE COUNTY .HAS NOT CLOSED THE COUNTY
BONDS BY R;LY 17, 2 D9, THE COUNT'' SHALL HAVE Tim RIGHT TO
TERMINATE THE +GAA. FOR CONVENIENCE,
(M) EXTEND TITS DATE THE CITY iS REQi1 W TO DEPOSIT THE CI'T'Y'S
FUNDS TO JULY 17,2W9, (IV) THE FORCE MAIEURE
PROVISION TO IDFNTWY CERTAIN SPECIFTC EVENT'S THAT WELL
EXTEND THE PARTIES` FUNDM 013UGATIONS UNDER THE CAA, BY
THE LENCsM OF THE DELAY CAUSED 13Y THE EVENTS, AND
(1V) AMEND THE WARRANTY DEED FOR TBE B.ASEBAIwL STADIUM SITE,
WHICH IS EXIIIEIT M- TO ' CAA, TO INCLUDE AN AUTOMATIC
REVERTER I33 THE EVENT THE CAA IS TERMNATED FOR
CONVENIENCE AND INCLUDE THE LEGAL DESCRIPTION BASED ON
71- E RE -PLAT OF TIM PROPERTY.
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