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Home My WebLink AboutR-43172The following resolution was introduced by Mr. plummer, who moved its adoption: RESOLUTION NO, 43172 RESOLUTION RATIFYING AND CONSENTING TO THE CONSTRUCTION OF CERTAIN EXTENSIONS, ENLARGEMENTS AND IMPROVEMENTS OF THE SEAPORT PROPERTIES AT THE PORT OF MIAMI WHEREAS, Resolution No. 39950, adopted by the City Commission on September 5, 1968, and Resolution No. 41907, adopted by the City Commis- sion on October 8, 1970, approved the projects listed therein and added such projects to Development Program B as Phase I and Phase II; and WHEREAS, certain of the development costs incurred by Dade County in connection with said Phase I and Phase II have exceeded the estimates . therefor made in 1968 and 1970 due in large measure to rising construction costs; and WHEREAS, essential program revision has been dictated by current requirements; and WHEREAS, the City Manager recommends the approval and the ratification by the City Commission of the aforesaid Phase I and Phase II projects previously appro•ed pursuant to the above -mentioned Resolutions in order to evidence compliance by the County with the terms of its Trust Agreement, dated June 1, 1961, securing Seaport Revenue Bonds of the County and particularly the $5, 000, 000. Seaport Revenue Bonds (Series E) now to be issued to pay a part of the cost of the aforesaid Phase I and Phase II projects; NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI, FLORIDA: is t F P• "7ti s i EX 11 !. .01.0 -2- f, l l71' COMMISSION JAN201972 «0awrwn no.'13,/7l Section 1. The construction of the following extensions, enlargements or improvements of the Seaport Properties are hereby ratified and consented to: PHASE I PROJECT Oceanographic Center (Environmental Science Services Administration Complex) COST $1, 300, 000. Addition to the Passenger Terminal 710, 000. Interest During Construction 240, 000. PHASE II PROJECT Addition to the Passenger Terminal Tr... .: Shod. No. 6 Addition to the Passenger Terminal Interest During Construction COST $1, 360, 000. 650, 000. 650, 000. 90, 000. and the payments under the projects of Section 3 (c) and the Joint Resolution of the City and the County mentioned in the preambles of the aforesaid Trust Agreement will be in accordance with said Section 3 (c) postponed until after the payment of the Seaport Revenue Bonds of the County. Section 2. The City Clerk is hereby directed to send a certified copy of this Resolution to the Board of County Commissioners of Dade County, Florida. Page No. 3 Section 3. This Resolution will be in full force and effect immediately upon its passage. PASSED AND ADOPTED this 20th day of January, 1972. Lite RESOLUTION NO. 41 RESOLUTION RATIFYING THE CONSTRUCTION OF CERTAIN EXTENSIONS, ENLARGEMENTS AND IMPROVEMENTS OF THE SEAPORT PROPERTIES AT THE PORT OF MIAMI WHEREAS, Resolution No. R-996-68, adopted by the County Commission on September 4, 1968, and Resolution No. R-941-70, adopted by the County Commission on September 1, 1970, approved the projects listed therein and added such projects to Development Program B as Phase I and Phase II; and WHEREAS, certain of the development costs incurred by Dade County in connection with said Phase I and Phase II have exceeded the estimates therefor made in 1968 and 1970 due in large measure to rising construction costs; and WHEREAS, essential program revision has been dictated by current requirements; and WHEREAS, the Seaport Director and the County Manager recommend the approval and the ratification by the County Commission of the aforesaid Phase I and Phase I1 projects previously approved pursuant to the above• mentioned Resolutions in order to evidence compliance by the County with the terms of its Trust Agreement, dated June 1, 1961, securing Seaport Revenue Bonds of the County and particularly the $5, 000, 000. Seaport Revenue Bonds (Series E) now to be issued to pay a part of the cost of the aforesaid Phase I and Phase II projects; 'SUPPORTIVE DOCUMENT NOW, THEREFORE, BE tT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF DADE COUNTY, FLORIDA: Section 1. The construction of the following extensions, enlargements or, improvements of the Seaport Properties are hereby ratified: PHASE I PROJECT Oceanographic Center (Environmental Science Services Administration Complex) COST $1, 300, 000. Addition to the Passenger Terminal 710, 000. Interest During Construction 240, 000. PHASE II PROJECT Addition to the Passenger Terminal Transit Shed No.. 6 Addition to the Passenger Terminal Interest During Construction COST $1, 360, 000. 650, 000. 650, 000. 90, 000. and the payments under the projects of Section 3 (c) and the Joint Resolution of the City of Miami and the County mentioned in the preambles of the afore- said Trust Agreement will be in accordance with said Section 3 (c) postponed until after the payment of the Seaport Revenue Bonds of the County. Section Z, The City Commission of City of Miami is hereby requested to approve the action of this Resolution by passage of an appro- priate City Resolution. Section 3. The Clerk of this Board is hereby directed to send a certified copy of this Resolution to the City Commission of the City of Miami. The foregoing Resolution was offered by Commissioner WOW I, who moved its adoption. The motion was seconded by Commissioner el t+tkordi vote, the vote was as follows: , and upon being put to a Earl J.. Carroll ark S. A. Dansyear hie Mrs. Stanley (Joyce) Goldberg ;417r Alexander S. Gordon kis R. Hardy Matheson Harvey I. Retseman PP Ben Shepard Edward T. Stephenson Stephen P. Clark Lis The Mayor thereupon declared the Resolution duly passed and adopted this aft day of January, 1972. Approved by County Attorney as to form and legal sufficiency. KAG DADE COUNTY, FLORIDA BY ITS BOARD OF COUNTY COMMISSIONERS E. B. LEATHERMAN, CLERK EDWARD D. PNEL.AN By: Deputy Clerk. 01.0,- t'! A TO Mr. R. Ray Goode County Manager PROM Mr. W. M. Monroe Finance Director NOT MEMORANDUM AGENDA ITENi( )-6 DATE January 17, 1972 Resolution ratifying the construction of certain extensions, enlargements and improvements of the Seaport properties at the Port of Miami SUBJECT The attached Resolution is required by the Chase Manhattan Bank as Trustee under the Trust Agreement dated June 1, 1971, securing the Seaport Revenue Bonds in connection with the $5,000,000 Seaport Revenue Bonds (Series E). Admiral Stephens is writing an additional memorandum with reference to the construction program. It is respectfully requested that this be presented to the Board of County Commissioners as a non -agenda item on January 18, 1971. We will not be able to finalize the sale and delivery of the Seaport Revenue Bonds until the Board adopts the attached Resolution and the City of Miami adopts a. similar one. WMM: rh Attachment • '"SUPPORTIVE DOCUMENT To:14311t...“ TO R. Ray Goode County Manager FROM I. J. Stephens Seaport Director MEMORANDUM DATE January 17, 1972 SUBJECT Proposed Resolution Ratifying and Consenting to the Construction of Certain Extensions, Enlargements and Improvements of the Seaport Properties at the Port of Miami In c.► ection with consumating the sale of our $5 million Seaport Revenue Bo (Series E), the Finance Director, Mel Monroe, has advised me that in order to satisfy the requirements stipulated by our bond counsel, we need to get an updated resolution from both Dade County and the City of Miami in regard to the construction and funding status at the New Port of Miami. The resolution being proposed for immediate consideration by the County Commission will satisfy this need. Basically, this resolution brings up to date prior resolutions of both the County and the City regarding construction projects and financing for Phases I and II of Development. Program "B". The dollar figures vary for various project elements, first because of normal cost escalations since the original resolutions and, secondly, because of program changes that have occurred particularly in regard to the new passenger terminal additions at Berths 6 and 7. Essentially, then, this resolution is intended merely to satisfy precise requirements under our Trust Agreement,specifically in regard to the com- pletion of the passenger terminal addition. Accordingly, I strongly urge that the Commission approve the proposed resolution. IJS/da 10,00191) STATE OF FLORIDA ) ) SS: COUNTY OF DADE ) I, E. B. LEATHERMAN, Clerk of the Circuit Court in and for Dade County, Florida, and Ex-Officio Clerk of the Board of County Commissioners of said County, DO HEREBY CERTIFY that the above and foregoing is a true and correct copy of Resolution No 11.114412 , adopted by the said Board of County Commis- sioners at its meeting held on Jsnuary 18 , 19._12.. IN WITNESS WHEREOF, I have hereunto set my hand and official seal on this l8th day of Janssny , A. D. 19 — SEAL E. B. LEATHERMAN, Ex-Officio Clerk Board of County Commissioners Dade County, Florida By Deputy Clerk Board of County Commissioners Dade County, Florida "SUP rift: i FIE t1CUMENT TO: R"" 497P f1