HomeMy WebLinkAboutExhibit 4Approved Mayor Agenda Item No. 14(A) (28)
Veto 07-18-06
Override
RESOLUTION NO.
RESOLUTION AUTHORIZING A NEW LOAN TO PARROT
JUNGLE AND 'GARDENS IN THE AMOUNT OF $4,701,782;
APPROVING PARROT JUNGLE AND GARDENS' REQUEST TO
DEFER PAYMENTS ON THE $25 MILLION SECTION 108 LOAN
UNTIL 2012 SUBJECT TO CITY OF MIAMI APPROVAL;
AUTHORIZING THE COUNTY MANAGER TO NEGOTIATE AN
ASSUMPTION BY THE CITY OF MIAMI AT A MINIMUM LEVEL
OF 80 PERCENT OF THE US HUD SECTION 108 LOAN; AND
AUTHORIZING THE COUNTY MANAGER TO EXECUTE ANY
REQUIRED DOCUMENTS, AGREEMENTS, AND
AMENDMENTS THAT MAY BE NECESSARY TO IMPLEMENT
THE RECOMMENDED MODIFICATIONS SUBJECT TO THE
REVIEW OF THE COUNTY ATTORNEY
WHEREAS, this Board desires to accomplish the purposes outlined in the
accompanying memorandum, a copy of which Is incorporated herein by reference,
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY
COMMISSIONERS OF MIAMI-DADE COUNTY, FLORIDA, that this Board authorizes a
new loan to Parrot Jungle and Gardens of Watson Island, Inc. in the amount of
$4,701,782; approves Parrot Jungle's request to defer payments on the $25 million
County loan until 2012 subject to City of Miami approval; authorizes the County Manager
to negotiate an assumption by the City of Miami at a minimum level of 80 percent of the
US HUD Section 108 loan; authorizes the County Manager to seek reimbursement from
the City of Miami for payments made by Miami -Dade County to US HUD on the US HUD
Section 108 loan, pursuant to the terms of the Joint Participation Agreement with the
City of Miami, and authorizes the County Manager to execute any required documents,
agreements, and amendments that may be necessary to implement the recommended
modifications subject to the review of the County Attorney.
Agenda Item No. 14 (A) (28)
Page No. 2
The foregoing resolution was offered by Commissioner
who moved its adoption. The motion was seconded by Commissioner
and upon being put to a vote, the vote was as follows:
Joe A. Martinez, Chairman
Dennis C. Moss, Vice -Chairman
Bruno A. Barreiro Jose "Pepe" Diaz
Audrey M. Edmonson Carlos A. Gimenez
Sally A. Heyman Barbara J. Jordan
Dorrin D. Rolle Natacha Seijas
Katy Sorenson Rebeca Sosa
Sen. Javier D. Souto
The Chairperson thereupon declared the resolution duly passed and adopted this
18th day of July, 2006. This resolution shall become effective ten (10) days after the
date of its adoption unless vetoed by the Mayor, and if vetoed, shall become effective
only upon an override by this Board.
MIAMI-DADE COUNTY, FLORIDA
BY ITS BOARD OF COUNTY
COMMISSIONERS
HARVEY RUVIN, CLERK
Approved by County Attorney By:
to form and legal sufficiency. Deputy Clerk
Shannon D. Sumrnerset