HomeMy WebLinkAboutR-74-1388•
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MEA
12/10/14
RESOLUTION NO. 744388_
A RE S O ,tfTi oit ' AUfiHott zi p Aid? I CTINGK !I
FINANCE. DIRECTOR .OF THE. CITY _OF. MIAMI . TO_ .i
ALL0ct fiE,$ 6, 6,35.55 RoMT. THE_19/2
REbREATIONAZ;_FACILI1 ES. BOND, tUNDS `AND TO
D r i 'i'i'_, `RbM._SAffi-'SU I. $4,785.40 !J O SE f. PPLIED TO
�• tRoEft - TY, OF _ M±HMI ACCOUNT AND TO PAY THE
REMAINING $61, 850.15 TO COCONUT GROVE' MARINE
PROPERTIES INC. P UANT .TO. THE dRDER bF� COURT
DATEDECEER,4., - 19, 4 ', ENTERED _ IN THE CASE OF
CITY _ OF. MIAMI V. , C06NUT`ROVE MARINEL PROPERTIES,
INC. ET,;AT�„ CASE NO. 74715433.
WHEREAS, the City of Miami and Coconut Grove
Marine Properties, Inc. entered into an Agreement on April 27th,
1970, for the leasing of certain bay bottom lands adjacent to
the Coconut Grove Marine Properites; and
WHEREAS, said lease provided a cancellation clause
whereby the City of Miami agreed to pay to Coconut Grove Marine
Properties, Inc. on a pro rata basis the entire cost of the
capital improvements installed on the property amortizing such
entire cost over a ten year period if the lease was cancelled
by the City without consent or fault of the lessee; and
WHEREAS, said lease was cancelled at no fault of
the lessee by the condemnation action in CITY OF MIAMI, FLORIDA
v. COCONUT GROVE MARINE PROPERTIES, INC., et al, Civil Action
No. 73-15433, and
WHEREAS, the City under the cancellation clause was
required to pay $66,635.55; and
WHEREAS, there remained unpaid rent due the City of
Miami in the amount of $4,785.40; and
WHEREAS, the unpaid rent deducted from the total
amount due and owing is $61,850.15;
NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION
OF THE CITY OF MIAMI, FLORIDA:
"DOCUMENT INDEX
ITEM NO. �b
CITY COMMISS:oN
MEET1 G OF
DEC 1 71974
RESOLUTK)N NO.,7 4
REMARKS: .....................
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Section 1. The Finance Director of the City of
Miami is hereby authorized and directed to allocate $66,635.55
from the 1972 Park and Recreational Facilities Bond Funds and
to deduct from said sum the amount of $4,785.40 and to apply
said sum to the proper City of Miami Account.
Section 2. The Finance Director of the City of
Miami be, and he is hereby authorized and directed to pay
$61,850.15 from the 1972 Park and Recreational Facilities
Bond Funds to Coconut Grove Marine Properties Inc. pursuant
to the order of court entered in the case of City of Miami v.
Coconut Grove Marine Properties, Inc., et al, Case No. 73-15433.
PASSED AND ADOPTED this 17 day of DECEMBER
1974.
MAURICE A, FERRE
MAYOR
ATTEST:,
H. D. SOUTHERN
CITY CLERK
PREPARED AND APPROVED BY:
.
MICHEL E. ANDERSON
Assistant City Attorney
APPROVE07 AS TO F CORRECTNESS:
OHN S. LLOYD
ity Attorney
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SUPPORTIVE
DOCUMENTS
FOLLOW"