CAO 98-08CITY OF MIAMI BEACH
CITY ATTORNEY'S OFFICE
TO: Sergio Rodriguez CAO 98-8
City Manager
FROM:
DATE:
SUBJECT:
March 12, 1998
REQUEST FOR LEGAL OPINION - FRrF--NDS OF THE BASS MUSEUM
In answer to your question as to whether individual persons can be personally responsible for a loan
from the City to the Bass Museum, in my opinion, if the individuals sign personal written guarantees
they will be personally responsible to repay the City the loan, or that portion of the loan which the
individual guarantor has agreed to pay.
As precedent for this, about four years ago the City made a $500,000 loan to the Jewish Museum of
Florida which was personally guaranteed by a number of individuals in the community. Those
guarantees will be in full force and effect until the loan is paid off.