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Legislation
Resolution
City Hall
3500 Pan, American
Drive
Miami, FL 33133
www.miamigov.com
File Number: 07-00974
Final Action Date:
A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S),
AUTHORIZING THE CITY MANAGER TO EXECUTE A MEMORANDUM OF
UNDERSTANDING ("MOU"), IN SUBSTANTIALLY THE ATTACHED FORM,
BETWEEN THE CITY OF MIAMI ("CITY"), MIAMI-DADE COUNTY, THE UNITED
STATES DEPARTMENT OF TREASURY, THE CITY OF MIAMI BEACH, AND THE
INTER-AMERICAN DEVELOPMENT BANK 2008 HOST COMMITTEE, TO HOST
THE 2008 INTER-AMERICAN DEVELOPMENT CONFERENCE AND THE 23RD
ANNUAL MEETING OF THE BOARD OF GOVERNORS OF THE
INTER-AMERICAN INVESTMENT CORPORATION; DIRECTING THE CITY
MANAGER TO BRING BACK FOR CITY COMMISSION APPROVAL, ANY
AGREEMENT SETTING FORTH THE CITY'S FINANCIAL AND/OR IN -KIND
CONTRIBUTION TO HOST SAID EVENTS.
WHEREAS, the City of Miami ("City") has been selected to co -host the 2008 Inter American
Development Bank ("IDB") 49th Annual Conference and the 23rd Annual Meeting of the Board of
Governors of the Inter -American Investment Corporation ("IIC"); and
WHEREAS, the IDB Annual Conference and IIC Board of Governors meeting would provide local
and international exposure for the City with the local community expecting to benefit from business
from incoming visitors as a result of the estimated six to eight thousand people expected to arrive for
the event; and
WHEREAS, the City, Miami -Dade County ("County"), the City of Miami Beach, the United States
("U.S.") Department of Treasury, the IDB, and the 2008 IDB Host Committee will work together to host
the 49th Annual IDB Conference and the 23rd Annual Meeting of the Board of Governors of the IIC;
and
WHEREAS, the Memorandum of Understanding ("MOU") recognizes the local governments along
with the local Host Committee as the "executing agencies," however, it contemplates that the local
governments including City will enter into subsequent agreements with the Host Committee setting
forth the specific financial or in -kind commitments the City will be required to contribute which
agreement will be submitted to the City Commission for approval; and
WHEREAS, the MOU contemplates that all parties continue to negotiate for the purpose of
entering into a separate agreement detailing each local government's in -kind support and cash
support, if any;
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.
City of Miami Page 1 of 2 Printed On: 7/20/2007
File Number: 07-00974
Section 2. The City Manager is authorized{1} to execute a MOU, in substantially the attached form,
between the City, the County, the U.S. Department of Treasury, the City of Miami Beach, and the IDB
2008 Host Committee, to host the 2008 IDB Conference and the 23rd Annual Meeting of the Board of
Governors of the IIC.
Section 3. The City Manager is directed to bring back for City Commission approval, any
agreement setting forth the City's financial and/or in -kind contribution to host said events.
Section 4. This Resolution shall become effective immediately upon its adoption and signature of the
Mayor.{2}
APPOVED AS TO FORM AND ! ' RECTNESS:
E L FERNANDEZ WM
CI A ORNEY
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} If the Mayor does not sign this Re8giution, 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 Printed On: 7/20/2007