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Master Report
Enactment Number: R-10-0566
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number: 10-01441
Version: 1
File Type: Resolution Status: Passed
Reference: Controlling Body: Office of the City
Clerk
File Name: Accept a grant the Omni Redevelopment District CRA Introduced: 12/16/2010
Requester: Cost:
Final Action: 12/16/2010
Title: A RESOLUTION OF THE MIAMI CITY COMMISSION AUTHORIZING THE CITY MANAGER TO
ACCEPT A GRANT, IN AN AMOUNT NOT TO EXCEED ONE HUNDRED AND SIXTY
THOUSAND DOLLARS ($160,000) (THE "GRANT"), FROM THE OMNI REDEVELOPMENT
DISTRICT COMMUNITY REDEVELOPMENT AGENCY, TO ASSIST IN THE PAYMENT OF AN
ANNUAL FACILITY FEE FOR AN IRREVOCABLE STANDBY LETTER OF CREDIT IN THE
AMOUNT OF FIFTY MILLION DOLLARS ($50,000,000) ("LETTER OF CREDIT") FROM WELLS
FARGO BANK, N.A., OBTAINED BY THE CITY OF MIAMI FOR THE MIAMI PORT TUNNEL
PROJECT; FURTHER AUTHORIZING THE CITY MANAGER TO NEGOTIATE AND TO
EXECUTE A GRANT AGREEMENT AND ALL OTHER DOCUMENTS NECESSARY FOR SAID
PURPOSE, IN FORM(S) ACCEPTABLE TO THE CITY ATTORNEY; ACCEPTANCE OF THE
GRANT FUNDING INTO AND APPROPRIATION FROM ACCOUNT NO.
24014.162000.481000.0000.00000 TO PAY THE ANNUAL FACILITY FEE FOR THE LETTER OF
CREDIT.
Sponsors:
Notes:
Indexes:
Attachments: 10-01441-Legislation.pdf,10-01441-Backup Documentation.pdf,
History of Legislative File
Version: Acting Body: Date: Action: Sent To: Due Date: Return Date: Result:
1 City Commission 12/16/2010 ADOPTED Pass
1 Office of the City 12/16/2010 Reviewed and
Attorney Approved
1 Office of the Mayor 12/17/2010 Signed by the Mayor Office of the City
Clerk
1 Office of the City Clerk 12/17/2010 Signed and Attested
by City Clerk
City of Miami Page 1 Printed on 8/17/2017