HomeMy WebLinkAboutMCRA-R-05-0004ITEM 2
5/26/05
RESOLUTION NO. MIDTOWN CRA Rd -5-0 Q u 4
A RESOLUTION OF THE BOARD OF COMMISSIONERS
OF THE MIDTOWN COMMUNITY REDEVELOPMENT
AGENCY ("CRA"), WITH ATTACHMENT(S),
AUTHORIZING THE CRA'S CHAIRMAN TO EXECUTE AN
AMENDMENT, IN SUBSTANTIALLY THE ATTACHED
FORM, TO THE INTERLOCAL AGREEMENT AMONG THE
CITY OF MIAMI, MIAMI-DADE COUNTY, AND THE
MIDTOWN MIAMI COMMUNITY DEVELOPMENT DISTRICT
TO .ADD THE MIDTOWN COMMUNITY REDEVELOPMENT
AGENCY AS A PARTY TO THE AGREEMENT.
WHEREAS, the City of Miami ("City"), Miami -Dade County
("County") ,. and the Midtown Miami Community Development District
("CDD") entered into an Interlocal Agreement dated as of May 28,
2004 (the "Interlocal Agreement"); and
WHEREAS, pursuant to Section 3.2 of the Interlocal
Agreement, the City and the County have agreed to contribute
Economic' Incentive Payments to the CDD to pay the debt service
obligations on certain Parking Garage Bonds issued by the CDD;.
and
WHEREAS, on March 24, 2005,, pursuant to Resolution No. R-
05-0194, the City created the Midtown Community Redevelopment
Agency ("CRA"); and
• •
WHEREAS, pursuant to Section 3.4 of the Interlocal
Agreement, the City, the County, and the CDD may amend the
Interlocal Agreement to release the. City's and the County's
obligation to contribute Economic Incentive Payments to the CDD
if, among other things, the CRA becomes a party to the
Interlocal Agreement; and
WHEREAS, the CRA desires to amend the Interlocal Agreement
to make the CRA a party;
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF
COMMISSIONERS OF THE MIDTOWN COMMUNITY REDEVELOPMENT AGENCY OF
THE CITY OF MIAMI:
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 Chairman is authorized to execute an
amendment, in substantially the attached form, to the Interlocal
Agreement, among the City of Miami, Miami -Dade County, and the
Midtown Miami Community Development District to add the Midtown
Community Redevelopment Agency as a party to the agreement.
Section 3. This Resolution shall become effective
immediately upon its adoption.
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PASSED AND ADOPTED this 26th day of May, 2005.
APPROVED AS TO FORM AND CORRECTNESS:
JORGE L F i'NANDEZ
GENERAL CO ii SEL
05-0004
.�5-0004
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