Miami Beach Marina (known as So. Shore Marina)_October 1978 to June 1979MIAMI BEACH MARINA (known as So. Shore Marina) 27
(continued) Date
Economic Development Administration, U.S. Dept.
of Commerce. Res. #78-15737 adopted. (See M.B.
Marine (Contracts)) 10/18/78
Memo #7328, contract for Breakwater for M.B. 2/7/79
Marina, MP -36, Change Order No. 2, additional
time and work - amount: increase $67,411.56,
extension of time: 90 days, approved.
Memo #7381, Res. #79-15849 adopted, declaring 3/7/79
that to the extent that the M. B. Redevelopment
Agency obligates itself on notes to the South-
east First National Bank of Miami for the ex-
clusive purpose of constructing the M.B. Marina,
that the City will, if and in the event the
MIAMI BEACH .MARINA (known as So. Shore Marina) 28
(continued) Date
Agency is discontinued, disbanded or dissolved,
continue to honor the payments on said notes
to the extent that revenues from the Marina are
sufficient to pay said notes after first paying
the operating expenses of the Marina, said notes
being subject to review and approval by City
Commission. Commission requested legal opinions
from City Atty., detail cost factors, etc.,
when matter is returned to Commission. Recom-
mendations of Administration as set forth in
Commission Memo #7381 approved. Transcript of
Commission action to be forwarded to all mem-
bers of Commission, Administration, and Agency
representatives. (See Redevelopment Agency,M.B.) 3/7/79
MIAMI BEACH MARINA (known as So. Shore Marina) 29
Date
Memo #7561, Res. #79-15945 adopted, as amended, 6/20/79
approving letter of commitment from Southeast
First National Bank of Miami for construction
loan for S. Beach Marina; transferring to M.B.
Redevelopment Agency the City's interest in
S. Beach Marina; declaring that to the extent
that M. B. Redevelopment Agency itself on notes
to the Southeast First National Bank of Miami
for the exclusive purpose of constructing M.B.
Marina that the City will, if and in the event
the Agency is discontinued, disbanded or dis-
solved continue to honor the payments on said
notes, to extent that revenues from Marina are
sufficient to pay said notes after first paying
operating expenses of Marina; and amending