HomeMy WebLinkAboutR-05-0472City of Miami
Legislation
Resolution: R-05-0472
City Hall
3500 Pan American
Drive
Miami, FL 33133
www.miamigov.com
File Number: 05-00691 Final Action Date: 7/28/2005
A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), TO:
(1) AMEND THE INTERLOCAL COOPERATION AGREEMENT BETWEEN THE
CITY OF MIAMI AND THE MODEL CITY COMMUNITY REVITALIZATION DISTRICT
TRUST ("MODEL CITY TRUST") TO ALLOW THE MODEL CITY TRUST TO
ACQUIRE PROPERTY IN THE NAME OF THE MODEL CITY TRUST; AND (2)
DIRECT THE CITY MANAGER TO EXECUTE A RELEASE OF REVERTER
RELEASING THE DEED PROVISIONS CONCERNING THE INCOME LEVELS OF
PROSPECTIVE BUYERS AND CONSTRUCTION COMPLETION DATES FOR THE
CITY -OWNED PROPERTIES TRANSFERRED TO THE MODEL CITY TRUST IN
FEBRUARY, 2005, DESCRIBED IN ATTACHMENT "A."
WHEREAS, the City of Miami ("City") and the Model City Trust ("Trust") entered into an interlocal
cooperation agreement ("Interlocal Agreement"), effective as of March 16, 2004, to set forth the
cooperative relationship between the City and the Trust and the respective duties, obligations and
procedures to be followed by the parties for planning and implementation of revitalization efforts for
the redevelopment of the Model City Community Revitalization District ("District"); and
WHEREAS, to expeditiously redevelop the District, the Trust should be allowed to acquire and
develop property in the name of the Trust to facilitate the revitalization efforts in the District; and
WHEREAS, it has been determined that, in order to expeditiously redevelop the District, a release
of reverter should be executed for the deed provisions concerning the income levels of prospective
buyers and the construction completion dates for the City -owned properties transferred to the Trust in
February, 2005, described in Attachment "A," attached and incorporated;
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 Interlocal Agreement between the City and the Trust is amended to allow the Trust
to acquire property in the name of the Trust.
Section 3. The City Manager is directed to execute a release of reverter for the deed provisions
concerning the income levels of prospective buyers and the construction completion dates for the
City -owned properties transferred to the Trust in February, 2005, as described in Attachment "A,"
attached and incorporated.
Section 4. This Resolution shall become effective immediately upon its adoption and signature of
the Mayor.{1}
City of Miami
Page 1 of 2 File Id: 05-00691 (Version: 21 Printed On: 11/23/2016
File Number: 05-00691 Enactment Number: R-05-0472
Footnotes:
{1} If the Mayor does not sign this Resolution, it shall become effective at the end of ten (10) 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: 05-00691 (Version: 2) Printed On: 11/23/2016