HomeMy WebLinkAboutLegislationCity of Miami
Legislation
Resolution
City Hall
3500 Pan American
Drive
Miami, FL 33133
www.miamigov.com
File Number: 12-00714 Final Action Date:
ARESOLUTION O.F THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S),
.APPROVING THE MEMORANDUM OF KEY LEASE AMENDMENT TERMS
AND CONDITIONSPRECEDENT (TERM SHEET), ATTACHED AND
INCORPORATED, BETWEEN THE CITY OF MIAMI , MIAMI-DADE COUNTY
.AND PARROT JUNGLE AND GARDENS OF WATSON ISLAND,:INC.,
'RESTRUCTURING CERTAIN DEBT OBLIGATION AND MODIFYING THE
LEASE AND DEVELOPMENT AGREEMENT DATED SEPTEMBER 2, 1997;
FURTHER PROVIDING FOR CERTAIN OBLIGATIONS OF.PARROT JUNGLE
AND GARDENS OF WATSON ISLAND, LLC AND THEME PARK
ENTERTAINMENT, LLC.
BE IT RESOLVED BY THE COMMISSION OF THE CITY OF'MIAMI, FLORIDA:
Section 1. The 'Memorandum of Key .Lease .Amendment Terms and Conditions Precedent
(Term Sheet), attached and incorporated, between the City of Miami Miami -Dade County and
Parrot Jungle and Gardens of Watson Island, Inc.., restructuring certain debt obligation and
modifying the Lease and Development Agreement dated September 2, 1997,..and further providing
for certain obligations ofParrot Jungle and Gardens of Watson Island., LLC and Theme Park
Entertainment, LLC., is hereby. approved.
Section 2. This Resolution shall become effectiveimmediately upon its adoption and signature
of the Mayor.{1} .
APPROVED AS TO FORM AND CORRECTNESS:
JULIE 0. BR
CITY ATTORNEY
.Footnotes::
{1} If the Mayor does not sign this Resolution, 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 1 of 1 File Id: 12-00714 (Version: 1) Printed On: 6/19/2012