HomeMy WebLinkAboutMaster ReportCity of Miami
Master Report
Enactment Number: R-11-0442
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number: 11-00983
Version: 1
File Type: Resolution Status: Passed
Reference: Controlling Body: Office of the City
Clerk
File Name: To Negotiate & Execute Agmts. - Section 108 Loan Introduced: 10/14/2011
Requester: Department of Community Cost: Final Action: 10/27/2011
Development
Title: A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), AUTHORIZING
THE CITY MANAGER TO NEGOTIATE AND TO EXECUTE AMENDMENTS TO THE
PARTICIPATION AGREEMENT (INCLUDING ALL THE ATTACHMENTS THERETO, DATED AS
OF AUGUST 3, 2007 ("PARTICIPATION AGREEMENT"), AND THE ASSUMPTION OF LOAN
GUARANTEE ASSISTANCE AND LIABILITY AND PLEDGE AGREEMENT, INCLUDING ALL
ATTACHMENTS THERETO, ("ASSUMPTION"), AFTER CONSULTATION WITH THE CITY
ATTORNEY, PROVIDING FOR THE REFINANCING OF THE CITY OF MIAMI'S ("CITY")
ASSUMPTION OF NOT TO EXCEED EIGHTY PERCENT (80%) OF MIAMI-DADE COUNTY'S
("COUNTY") LIABILITY UNDER THE UNITED STATES DEPARTMENT OF HOUSING AND
URBAN DEVELOPMENT'S SECTION 108 LOAN ("SECTION 108 LOAN") USED BY THE
COUNTY, IN CONNECTION WITH THE MODIFICATION OF SECTION 108 LOAN WHICH WAS
IN THE ORIGINAL PRINCIPAL LOAN AMOUNT OF $25,000,000, FOR PARROT JUNGLE AND
GARDENS OF WATSON ISLAND, INC. ("PARROT JUNGLE"), AND ALL OTHER DOCUMENTS
AS MAY BE REQUIRED IN CONNECTION TO AMENDING SUCH PARTICIPATION
AGREEMENT AND ASSUMPTION TO PROVIDE COSTS SAVINGS TO THE CITY AND THE
COUNTY, SUBJECT TO CITY ATTORNEY APPROVAL; FURTHER CONSENTING TO AND
AUTHORIZING THE CITY MANAGER TO NEGOTIATE AND TO EXECUTE, AFTER
CONSULTATION WITH THE CITY ATTORNEY, ANY OTHER RELATED MODIFICATIONS,
AMENDMENTS, SUPPLEMENTS, AND OTHER DOCUMENTS AS NECESSARY, TO
ACCOMPLISH SUCH COST SAVINGS TO THE CITY.
Sponsors:
Notes:
Indexes:
Attachments: 11-00983 Summary Form.pdf,11-00983 Legislation.pdf,11-00983 Exhibit
1.pdf,11-00983-Legislation-Final.pdf,
History of Legislative File
Version: Acting Body: Date:
Action:
Sent To:
Due Date: Return Date: Result:
1 Office of the City
Attorney
1 City Commission
10/27/2011 Reviewed and
Approved
10/27/2011 ADOPTED
1 Office of the Mayor 10/27/2011
1 Office of the City Clerk 10/27/2011
Signed by the Mayor Office of the City
Clerk
Signed and Attested
by City Clerk
Pass
City ofMiami Page 1 Printed on 10/20/2017
City of Miami
Master Report
Enactment Number: R-11-0442
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
City of Miami Page 2 Printed on 10/20/2017