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RESOLUTION 88-19364 RESOLUTION NO. 88-19364 A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA RESCINDING COMMISSION MEMORANDUM NO. 422-88 WHEREBY THE CITY COMMISSION APPROVED AN INTERIM BUDGET OF $668,000 IN ANTICIPATION OF CONTINUING STUDIES OF THE MIAMI BEACH LIGHT RAIL TROLLEY SYSTEM. WHEREAS, Commission Memorandum No. 422-88 dated July 27, 1988 approved an interim budget of $668,000 which was recommended in anticipation of continuing studies of the Miami Beach Light Rail Trolley System; and WHEREAS, community support for such a project is essential; and WHEREAS, it is apparent that the issuance of any revenue bonds for the purpose of continuing the Light Rail Trolley Study would be inappropriate without community support; and WHEREAS, an appropriation for a project that is unlikely to proceed is unnecessary. NOW, THEREFORE, BE IT DULY RESOLVED BY THE CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, that this Resolution be adopted so as to rescind Commission Memorandum No. 422-88. PASSED and ADOPTED this 22nd day of September , 1988. MAYOR ATTEST: ("711L (d/4‘/ CITY CLERK FORM APPROVE RWP:rs LEeALD , / eco /ti4m I Feeld FLORIDA 3 3 1 3 9 (----)P ' Bf �:�, S*i1NCOR * "VACA TIONLAND U. S. A. " - CH 26 OFFICE OF THE CITY MANAGER CITY HALL ROB W.PARKINS 1700 CONVENTION CENTER DRIVE CITY MANAGER TELEPHONE: 673-7010 COMMISSION MEMORANDUM NO. 419.11 DATE: September 22, 1988 TO: Mayor Alex Daou• . Members of ity Comm i ion t., lir !et ,44.1:-..10 - FROM: Rob W. Par ins iiCity Manage Ili SUBJECT: APPROPRIATION FOR LIGHT RAIL/TROLLEY Commission Memorandum No. 422-88 approving an interim budget of $668,000 was approved on July 27, 1988 in anticipation of a sale of resort tax bonds for the purpose of continuing the study for the Light Rail Trolley System on Miami Beach. It has become apparent that the issuance of resort tax bonds for the continuation of this study is unlikely. The attached Resolution rescinds Commission Memorandum No. 422-88 approving an interim budget of $668,000 for the purpose of ensuring that the City's accounts are in order. ADMINISTRATION RECOMMENDATION: That the Resolution rescinding Commission Memorandum No. 422-88 be adopted. RWP:rs Attachment 1 AGENDA 0, ' ITEM - .LI. DATE q---2_7.5n odel 4 vte.e Ee,,,,,,4 ._0% .��. FLORIDA 3 3 1 3 9 s qc INCOP o '= "VACA TIONL.4N1) U. S. A. " OFFICE OF THE CITY MANAGER CITY HALL ROB W.PARKINS 1700 CONVENTION CENTER DRIVE CITY MANAGER TELEPHONE: 673-7010 COMMISSION MEMORANDUM NO, .-2' PL; DATE: July 27, 1988 TO: Mayor Alex Da• • • and , Members of e City Com' issio FROM: Rob W. Par ' s If/ 4i- i- . City Manager ;. SUBJECT: INTERIM BUDGET FOR THE MIAMI BEACH LIGHT RAIL PROJECT The City Administration wishes to continue the current work on the Miami Beach Light Rail Project in order to undertake technical tasks following the current feasibility study and to maintain the current implementation schedule. There are technical tasks that can be accomplished in the near term that will contribute to maintaining the schedule while other administrative, technical and financing approvals are sought. The Administration is requesting that the City Commission approve a budget authorization of $668,000 as an interim budget that will permit work to continue. Funds will initially come from the existing capital reserve and will be replenished by the upcoming sale of Resort Tax Bonds. ADMINISTRATION RECOMMENDATION: The City Administration recommends that the City Commission approve an intei'im budget of $668,000 for the continuation of the Miami Beach Light Rail Project. RWP:SLR:A2 Ac ,. D ,�S T' NDING S`U. _� �-.,�`�� ��;�u� 4 ,z Oi` MAA f. v1ENT AND r 3 ORIGINAL RESOLUTION NO. 88-19364 (Rescinding Commission Memorandum No. 422-88 whereby the City Commission approve( an interim budget of $688,000 in antici- pation of continuing studies of the Miami Beach LIght Rail Trolley System)