HomeMy WebLinkAboutR-04-0750City of Miami
Legislation
Resolution: R-04-0750
City Hall
3500 Pan American
Drive
Miami, FL 33133
www.miamigov.com
File Number: 04-01162a Final Action Date: 11/18/2004
A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S),
AUTHORIZING THE CITY MANAGER TO EXECUTE AN INTERLOCAL
COOPERATION AGREEMENT ("AGREEMENT"), IN SUBSTANTIALLY THE
ATTACHED FORM, BETWEEN THE CITY OF MIAMI, THE MIAMI SPORTS AND
EXHIBITION AUTHORITY ("MSEA") AND MIAMI-DADE COUNTY RELATING TO
THE USE OF THE CONVENTION DEVELOPMENT TAX FUNDS CURRENTLY
ALLOCATED TO MSEA, UPON THE SALE OF THE MIAMI ARENA AND THE
DEFEASANCE OF THE BONDS WHICH FINANCED THE CONSTRUCTION OF
THE MIAMI ARENA; FURTHER AUTHORIZING THE CITY MANAGER TO EXECUTE
SUCH OTHER DOCUMENTS AS MAY BE NEEDED TO IMPLEMENT SAID
AGREEMENT, SUBJECT TO THE APPROVAL OF THE CITY ATTORNEY.
WHEREAS, the Miami Sports & Exhibition Authority ("MSEA") entered into a Real Estate
Purchase and Sale Contract with Broward Yachts, Inc., dated August 10, 2004 for the sale of the
Miami Arena; and
WHEREAS, the closing of the sale of the Miami Arena is subject to, among other things, the
execution of an Agreement with Miami -Dade County ("County") regarding the use of the Convention
Development Tax ("CDT") Funds currently allocated to MSEA after the sale of the Miami Arena and
the defeasance of the bonds; and
WHEREAS, the MSEA Board, at its meeting of November 18, 2004, approved the Interlocal
Cooperation Agreement ("Agreement"), attached hereto, and authorized the closing of the sale of the
Miami Arena in escrow, pending the approval of the Agreement by the City of Miami ("City") and the
County Commissions; and
WHEREAS, the County is scheduled to consider approval of the Agreement on November 30,
2004;
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, between the City, MSEA and the County relating to the use of the CDT Funds
currently allocated to MSEA, upon the sale of the Miami Arena and the defeasance of the bonds
which financed the construction of the Miami Arena.
Section 3. The City Manager is further authorized{2} to execute such other documents as may be
City of Miami
Page 1 of 2 File Id: 04-01162a (Version: 2) Printed On: 10/17/2016
File Number: 04-01162a Enactment Number: R-04-0750
needed to implement said Agreement, 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: 04-01162a (Version: 2) Printed On: 10/17/2016