HomeMy WebLinkAboutMCRA-R-08-0001City of Miami
Legislation
MCRA Resolution: MCRA-R-08-0001
City Hall
3500 Pan American
Drive
Miami, FL 33133
www.miamigov.com
File Number: 08-00578 Final Action Date: 5/22/2008
A RESOLUTION OF THE MIDTOWN MIAMI COMMUNITY REDEVELOPMENT
AGENCY ("CRA"), WITH ATTACHMENT(S), AUTHORIZING THE EXECUTIVE
DIRECTOR TO EXECUTE A SECOND AMENDMENT, IN SUBSTANTIALLY THE
ATTACHED FORM, TO THE INTERLOCALAGREEMENT BETWEEN THE CITY OF
MIAMI, MIAMI-DADE COUNTY, THE MIDTOWN MIAMI COMMUNITY
DEVELOPMENT DISTRICT, AND THE CRA.
WHEREAS, the Midtown Miami Community Development District ("District"), Miami -Dade
County ("County"), and the City of Miami ("City") entered into an Interlocal Agreement dated May 28,
2004 ("Interlocal Agreement"); and
WHEREAS, the Midtown Community Redevelopment Agency was created as contemplated in
the Interlocal Agreement; and
WHEREAS, the City, the County, the District, and the Midtown Miami Community
Redevelopment Agency ("CRA") executed a First Amendment to the Interlocal Agreement on June 30,
2005 ("First Amendment"), which added the CRA as a party to the Interlocal Agreement, released the
City and County from their obligations to contribute Economic Incentive Payments to the District, and
amended certain related provisions of the Interlocal Agreement; and
WHEREAS, the CRA's obligation to contribute the Tax Increment Revenues to the District has
not been triggered under Section 3.3.1 of the Interlocal Agreement; and
WHEREAS, the City, the County, the District and the CRA desire to amend Section 3.3.1 of
the Interlocal Agreement to enable the Tax Increment Revenues collected by the CRA to be released
to the District based upon the current level of completed construction and to amend certain other
provisions;
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COMMISSIONERS OF THE
MIDTOWN COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF MIAMI, FLORIDA:
Section 1. The recitals and findings contained in the Preamble of this Resolution are
adopted by reference and incorporated herein as if fully set forth in this Section.
Section 2. The Executive Director is authorized to execute a Second Amendment, in
substantially the attached form, to the Interlocal Agreement between the City of Miami, Miami -Dade
County, the Midtown Miami Community Development District, and the Midtown Miami Community
Redevelopment Agency to amend Section 3.3.1 and certain other provisions of the Interlocal
Agreement, dated May 28, 2004.
Section 3. This Resolution shall become effective immediately upon its adoption.
City of Miami Page 1 of 2 File Id: 08-00578 (Version: 11 Printed On: 3/6/2018
File Number: 08-00578 Enactment Number: MCRA-R-08-0001
City of Miami Page 2 of 2 File Id: 08-00578 (Version: 11 Printed On: 3/6/2018