RESOLUTION 83-17484 RESOLUTION NO. 83-17484
A RESOLUTION OF THE CITY COMMISSION OF THE
CITY OF MIAMI BEACH AUTHORIZING THE EXTENSION
FROM JULY 20 , 1983 THROUGH DECEMBER 31, 1983
OF CERTAIN LIMITATIONS SET FORTH IN THE LEASE
AND AGREEMENT FOR PRIVATE DEVELOPMENT BETWEEN
THE CITY OF MIAMI BEACH AND REYNOLDS
CONSTRUCTION COMPANY AND AUTHORIZING THE MAYOR
AND CITY CLERK TO EXECUTE SAME.
WHEREAS , the City of Miami Beach is desirous of having a
facility such as the proposed Miami Beach Convention Center Hotel
Complex, the adjacent Retail and Office Complex, as described by
the Lease and Agreement for Private Development (hereafter
referred to as the "Agreement") , dated May 12 , 1982 between
Reynolds Construction Company and the City of Miami Beach; and
WHEREAS , the developer since the May 12 , 1982 Agreement was
executed has been engaged in reviewing studies regarding the
feasibility of the proposed project, establishing working groups
on engineering and financing for the proposed project , and
meeting with potential investors, lenders and operators for the
project; and
WHEREAS the City of Miami Beach is aware that Reynolds
Construction Company has requested additional time to secure the
requisite funds to construct this project; and
WHEREAS, the City is progressing with its plans to expand the
Miami Beach Convention Center and is acting in good faith by
granting Reynods Construction Company this additional extension;
and
WHEREAS, the City Commission has determined that an extension
of the time limitations set forth in the May 12 , 1982 Agreement
should be granted to Reynolds Construction Company to effectuate
the performance of the Agreement by securing the necessary
financing to construct this proposed project, which project is in
the best interest of the City of Miami Beach,
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE
CITY OF MIAMI BEACH, FLORIDA:
1. That the City of Miami Beach hereby grants extensions
commencing September 21, 1983 up to and including December 31,
1983 in regard to the following time limitations set forth below,
which are contained in the Agreement dated May 12 , 1982 between
the City and Reynolds Construction Company; provided, however ,
that if Reynolds Construction Company does not secure the funds
required by Section 7 . 2 of the Agreement and notify the City that
it has secured these funds on or before September 21, 1983, that
all other extensions provided for by this Resolution shall have no
force or effect and shall be deemed null and void.
a. That Reynolds Construction Company is granted until
December 31 , 1983 pursuant to Section 7 . 2 of the
Agreement to inform the City that it has secured
sufficient funds to construct the first complexes;
b. That Reynolds Construction Company is granted no later
than twelve (12) months from December 31 , 1983 to submit
all Design Development Plans required by Section 4 . 3 of
the Agreement;
c. That Reynolds Construction Company is granted not more
than one hundred eighty (180) days after the approval
of the City of Design Development plans, pursuant to the
extensions granted by this Resolution, to submit all
contracts or sub-contracts for construction of
improvements for the project as provided for in Section
4 .8 of the Agreement;
OFFICE OF THE CITY ATTORNEY - 1700 CONVENTION CENTER DRIVE MIAMI BEACH, FLORIDA 33139
d . That Reynolds Construction Company is granted no later
than six (6) months from the approval (s) of the Design
Development Plans referred to in Section 4 . 8 of the
Agreement to diligently prosecute to completion the
development of the premises through the construction
thereof as set forth in Section 4 .10 of the Agreement.
e . That Reynolds Construction Company is granted not later
than thirty (30) days to enter into a management
contract for the hotel as set forth in Section 6 . 1 of
the Agreement, which thirty (30) days shall commence
after Reynolds Construction Company has performed all
conditions precedent to commencement of construction as
required by Section 4 . 9 of the Agreement, all of which
conditions shall be done not later than six (6) months
from approval of the Design Development Plans and any
changes thereto as required by the Agreement .
2 . That the City Commission of the City of Miami Beach
hereby approves of these extensions as set forth herein and
authorizes the Mayor and City Clerk to execute this Resolution
providing for same.
PASSED and ADOPTED this 21st day of September ,
1983 . 2
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MAYOR
ATTEST:
,,,,,'''& I "of CITY CLERK
APPROVED AS TO FORM:
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LEGAL DEPART ENT
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OFFICE OF THE CITY ATTORNEY - 1700 CONVENTION CENTER DRIVE -MIAMI BEACH, FLORIDA 33139
ORIGINAL
RESOLUTION NO. 83-17484
(Authorizing the extension from July 20,
1983 through December 31, 1983 of certain
limitations set forth in the lease and
agreement for private development between
the City of Miami Beach and Reynolds
Construction Company and authorizing the
Mayor and City Clerk to execute same)