HomeMy WebLinkAboutResolutionCity of Miami
Legislation
Resolution
City Hall
3500 Pan American
Drive
Miami, FL 33133
www.miamigov.com
File Number: 12-00714 Final Action Date:
A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S),
APPROVING THE MEMORANDUM OF KEY LEASE AMENDMENT TERMS AND
CONDITIONS PRECEDENT (TERM SHEET), ATTACHED AND
INCORPORATED, BETWEEN THE CITY OF MIAMI , MIAMI-DADE COUNTYAND
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 of Parrot Jungle and Gardens of Watson Island, LLC and Theme
Park Entertainment, LLC., is hereby approved.
Section 2. This Resolution shall become effective immediately upon its adoption and signature
of the Mayor.{1}
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: 8/23/2024