RESOLUTION 84-17778 RESOLUTION NO. 84- 17 778
A RESOLUTION OF THE CITY COMMISSION OF THE
CITY OF MIAMI BEACH, FLORIDA, REQUESTING THE
COUNTY OF DADE, FLORIDA, TO ISSUE SPECIAL
OBLIGATION BONDS TO FINANCE THE COSTS OF
EXPANDING AND IMPROVING THE MIAMI BEACH
CONVENTION CENTER; AUTHORIZING CERTAIN ACTION
WITH RESPECT THERETO; AND PROVIDING CERTAIN
OTHER ACTION WITH RESPECT THERETO.
WHEREAS, Section 212 . 057, Florida Statutes ( 1983 ) , as
amended by Ch. 84-67 of the Laws of Florida ( the "Convention
Development Tax Act" ) , authorizes Dade County, Florida ( the
"County" ) to levy a three percent ( 3% ) convention development tax
(the "Convention Development Tax" ) , on the amount of any payment
made by any person to rent, lease or use for a period of six ( 6)
months or less , any living quarters or accommodations in a hotel,
apartment, hotel, motel, resort motel, apartment , apartment
motel, rooming house, tourist or trailer camp, or condominium,
except payments made by a person to rent, lease or use any living
quarters or accommodations which are exempt under Part I of
Chapter 212, Florida Statutes ( 1983 ) , as amended; and
WHEREAS, the Convention Development Tax Act authorizes
two-thirds ( 2/3 ) of the receipts of the Convention Development
Tax ( the "City ' s Share" ) to be used to extend, enlarge and
improve the largest existing publicly-owned convention center in
the County; and
WHEREAS, the Miami Beach Convention Center (the
"Convention Center" ) , situate in the City of Miami Beach ( the
"City" ) , is the largest existing publicly-owned convention center
in the County; and
WHEREAS, the County has enacted Ordinance No. 83-91
which Ordinance, as amended, imposes the Convention Development
Tax pursuant to the Convention Development Tax Act; and
WHEREAS, the City deems it necessary and desirable and
in the best interests of the City to extend, enlarge and improve
the Convention Center ; and
WHEREAS, the City deems it necessary and desirable and
in the best interests of the City to finance the costs of said
extension, enlargement and improvement of the Convention Center
through the issuance of bonds of the County secured by a pledge
of the City ' s Share of the Convention Development Tax and certain
other security.
NOW, THEREFORE, BE IT DULY RESOLVED BY THE CITY
COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA:
Section 1 . The City Commission of the City hereby
formally requests the County Commission of the County to
authorize an issue of not to exceed $80 , 000 , 000 aggregate
principal amount of special obligation bonds of the County,
secured primarily by a pledge of the City ' s Share of the
Convention Development Tax and certain other security, the
proceeds of said bond issue to be utilized to finance the costs
of extending, enlarging and improving the Convention Center .
Section 2 . The City Manager , the City Attorney and
Morgan, Lewis & Bockius, Bond Counsel to the City, are hereby
authorized and directed' to negotiate and prepare an interlocal
agreement and to assist the staff of the County and its bond
counsel in preparation of said bond issue.
Section 3 . The Mayor is hereby authorized and directed
to deliver a certified copy of this resolution to the Mayor of the
County and to each member of the County Commission.
Section 4 . This resolution shall be effective
immediately upon its adoption.
PASSED and ADOPTED this 20th day of June, 1984 .
qe.._....Q.,----c._..,----
Ari
Mayor
Attest :
1V,e2-44 k dr L .,/
City Clerk FORM APPROVED
LEGAL DEPT.
$y , Liu, .
1te -6 i 7 ri A
ORIGINAL
RESOLUTION NO. 84-17778
(Requesting the County of Dade, Florida,
to issue special obligation bonds to
finance the costs of expanding and improv-
ing the Miami Beach Convention Center;
authorizing certain action with respect
thereto; and providing certain other action
with respect thereto)
s ,