Res. No. 030-01-11178/
RESOLUTION NO.30-01-11178
A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF
THE CITY OF SOUTH MIAMI.FLORIDA.RELATING TO FUNDS
FOR CONSTRUCTION OF MULTI-PURPOSE CENTER PHASE II,
AUTHORIZING THE USE OF $150,000 ANNUAL PAYMENT FROM
THE SOUTH MIAMI HOSPITAL AS REPAYMENT FOR
CONSTRUCTION LOAN OF THE CENTER.
WHEREAS,with approval of Ordinance number 1-01-1732 on January 16,2001.
the City Commission authorized theCity Manager to negotiate a loan inan aggregate
amount of $1,500,000 for construction of the Multi-purpose Center Phase II.and
WHEREAS,the City Commission has informally expressed its intention to
designate the $150,000 annual payment fromtheSouthMiamiHospitalas repayment for
the $1,500,000 construction loan of the center,and
WHEREAS,by approving this resolution the City Commission is formally
authorizing theuse of $150,000 fromtheSouthMiamiHospitalas annual repayment for
the loan.
NOW,THEREFORE,BE IT RESOLVED BY THE MAYOR AND CITY
COMMISSION OF THE CITY OF SOUTH MIAMI:
Section 1.That the City Manager is hereby authorized to earmark the $150,000
annual receipt fromthe South Miami Hospital as repayment source forthe construction
loan.
Section 2.That this resolution shalltake effect immediately upon approval
PASSEDANDADOPTEDthis 6th day of March 2001.
ATTEST:
READ AND APPROVED AS TO FORM:
£>r£&/U/L*
CITY ATTORNEY
APPROVED:
MAYOR
COMMISSION VOTE:
Mayor Robaina:
ViceMayor Feliu:
Commissioner Bethel:
Commissioner Russell:
Commissioner Wis combe:
out
f^&&
4-0
Yea
Yea
Yea
of room
Yea
CITY OF SOUTH MIAMI
INTER-OFFICE MEMORANDUM
To:MayorandCityCommission ^_Date:February 28,2001
From:Charles D.Scurr ,,/I I jtf Re:AGENDA ITEM #fa
City Manager /'//IIJ (^Commission meeting March.6,2001
/v(dJ^^Multipurpose Center Funding
REQUEST
A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY
OF SOUTH MIAMI,FLORIDA,RELATING TO FUNDS FOR
CONSTRUCTION OF MULTI-PURPOSE CENTER PHASE II,
AUTHORIZING THE USE OF $150,000 ANNUAL PAYMENT FROM THE
SOUTH MIAMI HOSPITAL AS REPAYMENT FOR CONSTRUCTION LOAN
OF THE CENTER.
BACKGROUND &ANALYSIS
Theattachedresolutionwillallowtheuseof $150,000 annual receiptfromtheSouthMiami Hospital as
repaymentforthe$1,500,000loanthatwillbeusedfortheconstruction of ourMulti-purposeCenter
PhaseII.Theresolutionisafollow-uptoOrdinancenumber1-01-1732approvedbytheCity
Commission on January 16,2001,authorizing theCityManagertoobtainthe $1,500,000 loanfrom
Florida Municipal Loan Council.As previously mentioned toyou,in 1998 theCitywasawardedagrant
ofabout $1,500,000,bytheSafe Neighborhood Park Agency to construct a multi-purpose centerinour
MurrayPark.Thefirstphaseofthe construction is completed andweare.abouttobeginPhaseII.
Release ofthegrant funds requires adollarfor dollar match,and contingent upontheCity utilizing its
ownmatchbeforetheAgencyreleasesitsown.Wehave begun theprocessofobtainingtheloan,anda
resolution designating thesourceof funds to repay the loan isoneofthe requirements for approving our
application.This resolution will satisfy their request and allow usto conclude the negotiation favorably.
Your approval is recommended