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HomeMy WebLinkAboutLegislationTITLE A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), RATIFYING AND APPROVING THE DISTRIBUTIONS FROM THE NEIGHBORHOOD ENHANCEMENT ACCOUNT, ESTABLISHED PURSUANT TO THE SE ► I LEMENT AGREEMENTS WITH CLEAR CHANNEL OUTDOOR, INC. AND CBS OUTDOOR, INC., RESPECTIVELY, TO THE MUTUALLY AGREED UPON RECIPIENT ORGANIZATIONS WITHIN THE CITY, IN THE AMOUNTS DEPICTED IN "EXHIBIT A"; FURTHER AUTHORIZING EACH DISTRICT COMMISSIONER TO CONTINUE TO DISTRIBUTE FUNDS FROM THE NEIGHBORHOOD ENHANCEMENT ACCOUNT WITHOUT FURTHER CITY COMMISSION APPROVAL FOR AMOUNTS LESS THAN TEN THOUSAND DOLLARS ($10,000.00). ..Body WHEREAS, the City of Miami ("City") has entered into Settlement Agreements, as amended, with Clear Channel Outdoor, Inc. ("CCO") and CBS Outdoor, Inc. ("CBS"), to resolve all disputes and pending litigation between them concerning outdoor advertising signs ("Signs") erected in accordance with the City's former sign regulations that did not conform with the City's current sign regulations; and WHEREAS, under the terms of the Settlement Agreements, CCO and CBS each agreed to fund annually a Neighborhood Enhancement Account ("NEA") for each of the amended permits authorized in the Settlement Agreements, as long as such Signs remain standing, or a Sign has been erected in a substitute location; and WHEREAS, the Settlement Agreements required the City and CCO or CBS respectively, to mutually agree upon the recipients of the annual distribution from the NEA, and City Commission approval of such distributions; and WHEREAS, eligible recipients of NEA funds include, but shall not be limited to, 501(c)(3) organizations operating within the district where the Signs are located and such other community based organization and charities as the City and CCO or CBS, respectively, may designate; and WHEREAS, the City Commission desires to ratify and approve the distributions from the NEA funds to the mutually agreed upon recipient organizations within the City, in the amounts depicted in "Exhibit A"; and WHEREAS, the City Commission further desires to authorize each district commissioner to continue to distribute funds from the NEA funds without further City Commission approval for amounts less than ten thousand dollars ($10,000.00); NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI, FLORIDA: 2 - DI 3 L 5 Leg bloccy Section 1. The City Commission hereby ratifies and approves the distributions from the NEA funds to the mutually agreed upon recipient organizations within the City, in the amounts depicted in "Exhibit A"{1}. Section 2. The City Commission further authorizes each district commissioner to continue to distribute monies from the NEA funds without further City Commission approval for amounts less than ten thousand dollars ($10,000.00). Section 3. This Resolution shall become effective immediately upon its adoption and signature of the Mayor. {2} Approved as to form and correctness Julie O. Bru City Attorney .Footnote {1 } The herein authorization is further subject to compliance with all requirements that may be imposed by the City Attorney, including but not limited to those prescribed by applicable City Charter and Code provisions {2} 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.