HomeMy WebLinkAboutText File Report FR/SRCrystal Report Viewer
File ID: 08-00731
Enactment #: R-08-0394
Version: 2
City of Miami
Text File Report
Type: Resolution
Introduced: 6116/08
Page 1 of 2
Citi
3500 Pan At
Miami,:
www_mia
Status: Passed
Enactment Date: 7(10108
Controlling Body: Office o'
Clerk
A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S),
AUTHORIZING THE CITY MANAGER TO EXECUTE AN AGREEMENT, IN SUBSTANTIALI
THE ATTACHED FORM, WITH THE UNIVERSITY OF MIAMI ("UNIVERSITY") IN WHICH I
UNIVERSITY WILL AGREE, UPON WRITTEN REQUEST OF THE CITY OF MIAMI ("CITY")
BE DELIVERED TO THE UNIVERSITY NO LATER THAN OCTOBER 31, 2008, TO (I) ASSIGI
AN ENTITY DESIGNATED BY THE CITY ITS INTEREST IN THE LEASE AGREEMENT
BETWEEN THE CITY AND THE UNIVERSITY, DATED JULY 1, 1983, AS AMENDED, RELA
TO THE JAMES L. KNIGHT CONFERENCE CENTER ("CONFERENCE CENTER LEASE"),
EFFECTIVE DECEMBER 31, 2009; OR (II) AMEND THE CONFERENCE CENTER LEASE TO
PROVIDE THAT IT IS TERMINATED EFFECTIVE DECEMBER 31, 2009.
WHEREAS, the City of Miami ("City") and the University of Miami ("University") entered into a thirty (30) year lease dat,
July 1, 1983, as amended, for the lease of the convention center known as the City of Miami/University of Miami/James L.
Knight International Conference Center ("Conference Center") located adjacent to the Hyatt Regency Miami (the
"Conference Center Lease"); and
WHEREAS, the initial term of the Conference Center Lease expires on September 30, 2012; and
WHEREAS, the City in connection with the City's desire to renovate the Conference Center has requested that the
University agree to the early termination of the Conference Center Lease; and
WHEREAS, the City and the University have substantially complied with all of their obligations under the initial term of tl:
Conference Center Lease; and
WHEREAS, the University, in order to assist the City with its desire to renovate the Conference Center, has agreed to an
early relinquishment of its interest in the Conference Center Lease;
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 an Agreement, in substantially the attached form, in which the
University will agree, upon written request of the City, to be delivered no later than October 31, 2008, to (i) assign to an
entity designated by the City its interest in the Conference Center Lease, effective December 31, 2009, or (ii) amend the
http://egov.ci.miarni.fl.us/LegistarWeb/temp/rep32FA.htm] 8/8/2008
Crystal Report Viewer
Page 2 of 2
Conference Center Tease to provide that it is terminated by mutual agreement of the parties effective December 31, 2009.
Section 3. This Resolution shall become effective immediately upon its adoption and signature by the Mayor. (2)
http://egov.ci.rnianii.fl.us/LegistarWeb/temp/rep32FA.htnl nl 8/8/2008