96-22045 RESO Incomplete
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RESOLUTION NO.
96-22045
A RESOLUTION OF THE MAYOR AND CITY
COMMISSION OF THE CITY OF MIAMI BEACH,
FLORIDA CONFIRMING THE APPROVAL OF THE
INTERLOCAL AGREEMENT BETWEEN
METROPOLITAN DADE COUNTY AND THE CITY
OF MIAMI BEACH CONCERNING THE
CONVENTION DEVELOPMENT TAX;
AUTHORIZING THE MAYOR AND CITY CLERK
TO EXECUTE AN ESCROW DEPOSIT
AGREEMENT; AND CREATING AN ESCROW
DEPOSIT TRUST FUND FOR THE REFUNDING OF
THE OUTSTANDING CONVENTION CENTER
BONDS.
S'eE
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WHEREAS, the City Manager and the County Manager negotiated an Interlocal
Cooperation Agreement between the City and Metropolitan Dade County concerning the City's two-
thirds portion ofthe Convention Development Tax (Agreement); and
WHEREAS, the terms of this Agreement were approved by the Mayor and City
Commission at their meeting of March 20, 1996; and
WHEREAS, the Mayor and City Commission approved the Agreement at their
meeting of lune 19, 1996, subject to certain amendments thereto which would conform to the terms
approved by the Mayor and City Commission on March 20,1996; and
WHEREAS, although the County had approved the Agreement at its lune 18, 1996
meeting, it confirmed and approved the attached Agreement, incorporating the Mayor and City
Commission's amendments of lune 19, 1996, at its carryover meeting of lune 20,1996; and
WHEREAS, the Administration would herein recommend that the Mayor and City
Commission confirm the attached Agreement, and also approve the attached Escrow Deposit
Agreement, and authorize the creation of the Escrow Deposit Trust Fund for the refunding of the
outstanding Convention Center Bonds.
NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND CITY COMMISSION OF
THE CITY OF MIAMI BEACH, FLORIDA as follows:
I. The Mayor and City Commission confirm their previous approval of the attached Interlocal
Cooperation Agreement between Metropolitan Dade County and the City of Miami Beach
concerning the Convention Development Tax and authorize the Mayor and City Clerk to execute
same.
2. The Mayor and City Commission further authorize the Mayor and City Clerk to execute the
attached Escrow Deposit Agreement, and authorize the creation of an Escrow Deposit Trust Fund
to be used in conjunction with the refunding ofthe outstanding Convention Center Bond issues.
Passed and Adopted this 3rd day of
July ,1996.
Attest:
Mayor
City Clerk
FORM APPROVED
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July 3,1996
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City-of Miml'li Beach
C7 - Resolutions (Continued)
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,. C7.J Commission Memorandum No. 392-96
A Resolution Confirming the Approval of the lnterlocal Agreement Between Metropolitan Dade County
and the City of Miami Beach Concerning the Convention Development Tax; Authorizing the Mayor and
City Clerk to Execute an Escrow Deposit Agreement; and Creating an Escrow Deposit Trust Fund for
the Refunding of the Outstanding Convention Center Bonds.
Administration Recommendation: Approve the Resolution.
(Finance Department)
ACTION: Resolution No. 96-22045 adopted, as amended, approving conditional ratification of the
Interlocal Agreement, as amended, contingent upon the County's accept8.11ce. Motion by
Commissioner Pearlson and seconded by Commissioner Eisenberg; vote: 5-0; Mayor Gelber and
Commissioner Liebman absent. Resolution amended to reflect "confirmation.approval and execution
of agreement contingent upon the County's acceptance of amendment wherein the City shall not be
required to double pay." Vice-Mayor Kasdin requested the Agreement be reviewed by bond counsel
Luis Reiter. Agreement amended as follows: on pages 9 and 10 Section "V. Termination Provisions"
deleting the following language: "In the e'len! that thb Agreement er.ds 6n 6r befelre March 31, 2901,
the Cellinty shall rceei.e the difference bet.veen $35 miIlian (ar slieh lesser lUn6l111t ..hieh :mall be
determincd by slibtraeting $11.5 milli6n helm the !lfll.6l111t pra, idea t6 the Cit).) ana the Con.enti61\
De...el6pn"nt T!tX m6mes the City wl'llild ha'le reeeh'ed far operating ea3h defieit payments 6f $4.5
million per yea.- for the peri6a ffflm April I. 1996 fiLa enein!; ~n M!\!'eh 31, 2C01 "; insert ncw l:mguagc
in "iiI. County Obligations and Responsibilities" subsection "A. Convention Development Tax"
1. (a)...for capital or other related improvements to the Miami Beach Convention Center
Complex...".
Robert Nachlinger to follow up with County Finance Director and County Attorney to have County
Commission approve a similar change at the luly 16th County Commission meeting. Assistant City
Manager Mayra Diaz Buttacavoli to work with County Commission Agenda Coordinator to put item
on the luly 16th meeting agenda.
End of Consent Agenda
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CITY OF MIAMI BEACH
CITY HALL HOD CONVENTION CENTER DRIVE MIAMI BEACH FLORIDA 33139
OFFICE OF THE CITY MANAGER TELEPHONE: (305) 673-7010
FAX: (305) 673.n82
COMMISSION MEMORANDUM NO. .'=S q ~- q la
July 3,1996
To:
Mayor Seymour Gelber and
Members of the City Commission
Subject:
Jose Garcia-Pedrosa .. /)Jill!
Chy_ f'
Confirmation of the Approval of an Interlocal Agreement between Dade County
and the City of Miami Beach Concerning the Two-Thirds Portion of the
Convention Development Tax and the approval of an Escrow Deposit Agreement
and the creation of an Escrow Deposit Trust Fund
From:
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Administrative Recommendation
The Administration recommends that the Mayor and City Commission confirm the approval of
these agreements.
Background
This Interlocal Agreement fonnalizes the agreement between the City Manager and the County
Manager approved by the Mayor and City Commission on March 20, 1996 concerning the City's
Two-Thirds Portion of the Convention Development Tax. This is the agreement which will provide
the $46.5 million to the City for a regional library and Convention Center and TOP A projects. This
agreement also extends the life of the South Pointe Redevelopment District, allows for modification
of the Redevelopment Plan in the City Center Redevelopment District, provides for the approval of
the pennit for the Electric Shuttle on South Beach and approving for the issuance of the Tax
Increment Revenue Bonds for the financing of the Loews Hotel. A copy of the original agreement
is attached for reference.
As can be seen in the agreements, the tenns of the agreement (which was approved by the County
on June 18) now provide for the moneys to be spent for Convention Center and TOPA related
projects. Additionally, the language relating to the payments to the City for the operations of the
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Agenda Item c.. 1 J
Date '1-3 -C1~
Convention Center Complex is no longer conditional upon the collection of the Convention
Development Tax. These changes bring this lnterlocal Agreement in compliance with the terms
negotiated with between the City and County Managers in February, 1996.
The adoption of the Escrow Deposit Agreement and the creation of an Escrow Deposit Trust Fund
are also included as a part of the lnterlocal Agreement as documents necessary for the issuance of
the Refunding Bonds and the Bonds to provide the $46.5 million to the City. These documents fall
under the provision of the City using reasonable efforts to assist the County in refunding the
outstanding bonds.
Conclusion
As the motion that was made approving the Interlocal Agreement provided that it was approved
subject to it being in conformity with the agreement between the City and County Managers, the
Administration requests that the City Commission review the adopted lnterlocal Agreement and
confirm the previous approval. Additionally, rather than approval by the reference in the Interlocal
Agreement, specific approval is requested for the Escrow Deposit Agreement and the creation of an
Escrow Deposit Trust Fund.
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DADE err ATIY,
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.IHTERLOCAL COOPERATION AGREEMERT
'!'HIS INTERLOCAL COOPERATION AGREEMElII'1', made this 21st day
of June, 1996 (the "Agreement"), by and between Metropolitan Dade
County, a political subdivision of the State of Florida (the
"County"), and the City of Miami Beach, a municipal corporation
organized under the laws of the State of Florida (the "City"),
regarding the disposition of the two thirds (2/3) portion of the
Convention Development Tax as defined in this Agreement, for a
term commencing upon the execution of this Agreement by the last
party and ending on March 31, 2026 (the "Term").
WIT K E SSE ~ H:
WHEREAS, the County and the City previously entered into
inter local agreements regarding the use and disposition of the
two thirds (2/3) portion ("TwO Thirds portion") of the tax
imposed by the County on the exercise within its boundaries of
the taxable privilege of leasing or letting transient rental
accommodations at the rate of three percent (3%) of the total
consideration charged for such accommodations, authorized
pursuant to Section 212.0305(4)(b), Florida Statutes, and imposed
pursuant to the County Code and Ordinances ("Convention
Development Taxi"); and
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WHEREAS, by Resolution, the Bo~rd of County Commissioners
(the "Board") has approved certain business terms agreed to by
the County Manager and the City Manager related to the funding of
the Performing Arts Center (the "PAC.) and the use of the Two
Thirds Portion; and
WBBREAS, by Resolution, the Mayor and City Commission of the
City of Miami Beach (the .Commission") approved the same business
terms; and
KHEREAS, the business terms approved by the Board and the
Commission are to be incorporated into this Agreement; and
WHEREAS, in furtherance of its commitment to the County, the
City has remitted to the County $11.5 million from Convention
Center Funds;
RON, r.REREFORE, the County ~nd the City agree as follows;
I. DISPOSITIOR OF THE TWO ~IRDS PORrIOR
A. The Dade County, Florida Special Obligation and
Refunding Bonds (Miami Beach Convention Center Project) Series
1987A and the Dade County, Florida Special Obligation Bonds
(Miami Beach Convention Center Project) Series 1987B issued by
the County (the "County Bonds"), the Miami. Beach, 'Florida
Subordinate Special Obligation Bonds, Series 1989 issued by the
City of Miami Beach (the .City Bonds.) and the Homestead
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Convention Development Tax Revenue Certificates, Series 1989
issued by the City of Homestead (the "Homestead Certificates")
shall be refunded and defeased through the issuance of tax exempt
and taxable bonds by the County (the "Refunding Bonds.) which
Refunding Bonds shall have a first lien on the Two Thirds
Portion. To accomplish the defeasance of the City Bonds and the
Homestead Certificates, the County shall make a grant of bond
proceeds from the Refunded Bonds to the City and the City of
Homestead, respectively. The City agrees to direct the paying
agent for the City Bonds to accept the grant from the county and
to apply the grant to the defeasance and refunding of the City
Bonds, and authorizes the County to exercise any optional
redemption rights with respect to the City Bonds.
B. The County shall issue additional bonds in the
amount of $46.5 million no later than July 31, 1996, secured by a
first lien on the Two Thirds Portion on a parity with the
Refunding Bonds in order to make a grant to the City which shall
use the grant to fund the cost of additional capital imp~ovements
related to the Miami Beach Convention Center and the Theatre of
Performing Arts ("TOPA") ("Improvement Bonds").
c. The County may also issue bonds on a parity with
the Refunding Bonds and Improvement Bonds to fund the cost of a
new performing arts center to be located in the vicinity of
Biscayne Boulevard and N.E. 13 Street in the City of Miami (the
"Performing Art Center Bonds").
D. The City shall receive the following payments from
the County:
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1. An operational subsidy (cost of operation and
maintenance) for the Miami Beach Convention Center complex''''b.imni
Beach Convention Center and TOPA ) of $1.5 million per year
commencing on April 1, 1996 and ending on March 31, 2002.
2. $1.1 million per year as capital replacement
funds (which amount may be reduced to $1 million per year
commencing on April 1, 2013 after conferring with the County)
plus the actual cash operating deficit for operating and
maintaining the Miami Beach Convention Center Complex provided,
however, that both the subsidy in paragraph 1 and the capital
replacement found in this paragraph 2, in the aggregate shall not
exceed $4.5 million per year commencing on April 1, 2002 and
ending on March 31, 2026.
3. An amount determined in accordance with
Section 212.0305, Florida Statutes, as amended or its successors
after the Term provided, however, that the preceding paragraphs
1. and 2. shall not be applicable if either (a) the construction
of the Performing Arts Center project or (b) the issuance of the
performing Arts Center Bonds does not occur by March 31, 2001 or
if the COunty abandons the Performing Arts Center Project earlier
than March 31, 2001. In either case, the Two Thirds portion
shall be disbursed after the payment of debt service on the
Refunding Bonds, the Improvement Bonds, and the performing Arts
Center Bonds as follows:
(1) Up to $4.5 million per year to the City
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DADE eTY ATIY .
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for operating deficits for operating and maintaining the Miami
Beach Convention Center complex; and
(ii) For the purposes permitted by Section
212.0305, Florida Statutes, as amended or its successors.
E. Tax Collector
All collections of the Two Thirds Portion shall
be collected by the County's Tax Collector pursuant to Article
VI of Chapter 29 of the Dade County Code, as amended, and paid
to the County for disbursement by the County in the manner
required by this Section I.
xx. cx~r RBSPORSXBXLITIES AHD OBLlGATIORS
A. CORVBftIOR DEVELOPMBIr.1' TAX FUBDS
1. The City shall use reasonable efforts in
assisting the County in the defeasance and refunding of the
County Bonds, the City Bonds and the Homestead Certificates.
2. The City shall use reasonable efforts to
maximize its revenues and minimize its expenses in accordance
with generally-accepted industry practices and shall operate the
Miami Beach Convention Center Complex in a cost efficient manner
so as to minimize the operating cash deficit consistent with the
maintenance of the quality of the Complex.
3. The City shall amend the City of Miami Beach
Excess City Portion Resolution 92-20499 consistent with this
Interlocal Cooperation Agreement.
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B. JU:GIOHAL LIBlUlRY
The City shall fund, construct and equip a
Regional Library on City land which shall be constructed in
accordance with the design requirements of the Metro-Dade County
Library System attached to this Agreement as Exhibit A.
C. AUDI!r REQUI~S
1. For so long as the City provides for an
independent financial audit and report of all related accounts,
books and records. including supporting documentation related to
the Convention Center Complex for each fiscal year of the City
which is October 1 to September 30 ("Fiscal Year"), the City
shall provide a copy of the audit and report to the County on an
annual basis. The County shall have the right, without
limitation, but not the obligation, to separately audit all
accounts, books and records, and the supporting documentation
related to the Miami Beach Convention Center Complex during its
operating phase. such auditor may be engaged to investigate,
inspect and review the operations and activities of the ~ity in
connection with this Agreement. The County shall be responsible
for the cost of any separate audits performed at its request.
The City shall use its best efforts in assisting the auditor in
its duties.
2. Nothing in this Agreement shall impair the
County's existing rights to audit or to investigate past,
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DADE eTY ATIY
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and future acts. Any rights that the County has under this
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section shall not be the basis for any liability to the County
either from the City or third parties for such investigation or
for the failure to have conducted such investigation.
III. CDURrr OBLIGA~IORS ARD RESPORSIBILI~IES
A. COJIVEJr.l'IOR DBVEI.OI'MEIft' TAX
1. The County shall issue the Refunding Bonds
and Convention Center Bonds and shall use the proceeds to make
(a) a grant to the City in the amount of $46.5 million for
capital improvements to the Miami Beach Convention Center
Complex and related uses and (b) a grant to the City in an
amount which will be sufficient to defease the City Bonds.
2. The County shall construct a Performing Arts
Center in the vicinity of Biscayne Boulevard and N.E. 13 Street,
such Performing Arts Center to consist of, at minimum, a Concert
Hall suitable for performances of a symphony orchestra and a
Performance Hall suitable for performances of an Opera Company
or a Ballet Troupe.
3. The City shall have the right, but not the
obligation, to separately audit all accounts, books and records,
and the supporting documentation related to the Convention
Development Tax and the construction of the Performing Arts
Center during The term of this Agreement. Such auditor may be
engaged to investigate, inspect and review the operations, and
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DADE eTY ATTI'
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activities of the County in cann~ction with this Agreement. The
City shall be responsible for the cost of any separate audits
performed at its request. The County shall use its best efforts
in assisting the auditor in its duties.
4. The County shall remit to the City the
payments required by Article I.D of this Agreement.
8. REGl:01IAL Ll:BRAKT
The County shall operate and maintain at its
expense the Regional Library constructed by the City in Miami
Beach.
C. ELEcrRl:C SBu~~~
The County shall issue a Certificate of
Transportation for the City's electric shuttle for a .park and
ride" program in the entertainment district of South Beach.
:tV. MIr.rUAL OBLICATIOIIS ARD RESPOIISl:BILITl:ES
A. soom POIlIn REDEVELOPMBII'1' DIS!rRIC!r
1. The life of the South pointe Redevelopment
District shall be extended twelve (12) years until the y~ar 2016
as provided in Chapter 163, part III, Florida Statutes.
2. The City shall receive all tax increment
revenue growth in the South pointe Redevelopment District for
the life of the District, including the twelve (12) year
extension.
B. CI~r CJnr.IlKR
1. The County and City agree that the City
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shall receive all tax-increment ~evenue growth in the City
Center Redevelopment District for the life of the District.
2. The City and County agree to amend the City
Center Redevelopment Plan to include the Miami Beach Convention
Center Complex and related projects in accordance with Section
163.361, Florida Statutes, and any other applicable provisions
of Florida law.
3. The County shall approve and the City shall
issue the Tax Increment Revenue Bonds for the City Center
Redevelopment Area.
C. PRIOR IftBRLOCAL AGRBBME1I'fS
This Agreement supersedes the Interlocal
Agreement dated as of November 1, 1983, as supplemented and
amended, between the County and the City, the Interlocel
Agreement dated as of October 12, 1987, between the County and
the City, and any other agreements and resolutions between the
County and the City regarding the Two Thirds Portion.
V. HlUIDJATIOl'f PROVl:SIOl'fS
The City and the County shall be relieved of any
further Obligations under this Agreement if either (a) the
construction of the performing Arts Center project or (b) the
related issuance of the Performing Arts Center Bonds does not
occur prior to March 31, 2001 or (c) if the County abandons the
performing Arts Center Project prior to that time.
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vr. EftrRE AGREEMElIT
This Agreement and its attachments constitute the sole
and only Agreement of tile parties with respect to the Two Thirds
Portion and correctly sets forth the rights, duties, and
obligations of each to the other as of its date. Any prior
agreements, promises, negotiations, or representations not
expressly set forth in this Agreement are of no force or effect.
VIr. AMBIIDMBII'J:5
No amendments to this Agreement shall be binding on
either party unless in writing and signed by both parties.
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DADE CTY ATli"
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nr 1r.r'ftIB88 p1nIRnJ', the partie,s have caused. this Agr88l11ent
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to be executed by their duly authorized officers and marked. by
their official seals, all as of the day and year first
abOve-written.
c%ft OJ' MT"1II'l' BaCH, a
lDUDicipal corporation under
1 s of the St of Florida
1IB'.rR01'OLZU>> DaDE COua:J:Jr;, a
pOlitical subdivision of the
State of Florida
I 1f.I'1'NESSES : 6i1
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RO art Parcher, city Clerk ~ Harvey
( Boarli
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I APPROVED AS TO FORM A!lD
IJ:!t:1lT. SUFFICIENCY:
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IN WITNESS WHEREOP, the parties have caused this,Agreement
to be executed by their duly authorized officers and marked by
their official seals, all as of the day and year first
above-written.
CITY OP MIAMI BEACH, a
municipal corporation under
laws of the state of Florida
METROPOLITUI DADB COUNTY, a
political subdivision of the
state of Florida
Seymour Gelber
Mayor
WITNESSES:
Robert Parcher, city Clerk
APPROVED AS TO FORM AND
LEGAL SUFFICIENCY:
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rray bbJ.n
City Attorney
, ~Robert
"("if 'lsounty
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SPECIFICATIONS FOR A REGIONAL LIBRARY
1
I. Site Sele~tion Criteria
A) Visibility on a well-traveled street
S) Centrally located, near city's strategic center and center of population
C) Convenient and adequate parking
D) Near shopping outlets
E) Room for expansion
F) Located near public transportation
G) Near housing for families with children
Soun:c: Koontz. Christine. 'Publie Lilnry Site Evaluation Pastllld Pmcnl Market.BuecI MocIeIiDa Tool fer lhe Future'
Libnuv Information Science Il_....h , Vol. 4, 1991.
II. SiB
Suilding---> 42,000 square feet area on two floors
Site Area ----> 82,000 sq. ft.
IlL Parlsin,
Paved parking area 30"A. of site area or 25,200 sq. ft.
300 square feet per space" 84 spaces (27 staff, 5 handicapped accessible)
IV. Air ConditioniDI
Relative humidity should be 45 percent
Indoor average temperature should be maintained between 72 and 74 degrees F.
V. Li,l)til!1
See attachment # 1, Recommended Liihtina for Libratv ADDlications Chart
,
Non-glare lighting for all computer work areas.
VL Electric;al Reauirements for ComDuter Stations and Ttlecommunications EauiDment
Set-uDS
60 computer stations (includes 5 SEFLIN Free-Neet tenninaIs), with cabling and wiring to
allow capacity for 40 additional computer stations.
All computer stations require a dedicatedlisoJated 20 AMP circuit, with a total load of 480
VOLT/AMPS per circuit.
All telecommunications equipment set-ups require a dedicatedlisolated 20 AMP circuit,
with a total load of 1440 VOLT/AMPS per circuit.
All computer stations and telecommunications equipment set-ups require a quadraplex
with isolated ground receptacles.
All panels must have a suppression unit. Currently in use are LEVINGTON units (1 phase
and 3 phase units). Actual model numbers can be provided to maintain unifonnity of the
equipment with that at other libraries.
See attachment #2 titled OAT A CABLING STANDARDS.
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VII. Wehrht-Bearinl! Load of Second Floor
The weight of 33 ranges of metal shelving and books must be considered,
2
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VIII. Number of Volumes in a Rl!l!ional Librarv
200,000,
IX. Shelvinl! in a Rel!ional Librarv
See attachment #3.
X. Personnel in a Rel!ional Librarv
25 full-time positions and 10 part-time positions need to be filled for operating hours of
63 per week.
XI. Door Count and Public Seadnl! Reauirements of a Retional Ubrarv
A) Door Count:
Following is an average door count of the current 4 regionals in the Miami-Dade
Public Library System: 1,330 per day
31,927 per month
383,124 per year
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B) Seating Requirements:
First floor:
I) New books, Audio-Visual Browsing Area ---> ,Lounge seating for 20
2) Fiction Area -----------------> Lounge seating for 12
3) Children's Area ------------------------> Lounge seating for 10 adults
10 tablesl40 side chairs children's
(heipts very).
First floor Public Seating Capacity I Subtotal: 82
Second floor:
I) Young Adult Area -------> 3 tablesll2 side chairs for Adults
2) Non-Fiction Reference Area --> 13 tables/52 side chairs for Adults
Index/computer stationsll2 chairs
Lounge seating for 4 Adults
3) Small conference room area and
computer training center
-> 10 computer center office chairs
12 side chairs and 3 tables
Second floor Public Seating Capacity I Subtotal: 102
Total Seating Capacity: 184
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XII. Areas of a RRional Libra"
A) Public Areas: I. Circulation Area . Returns , cheek-out,
Registration' Automated Self-Cheek-out ,
Audio- Visual New Book Browsing Display Section
2. Fiction Area . Computer Catalog
3. Children's Area - Entrance with a dynamic focal point,
children's programming room, including: storage area
and a puppet theater' preschool computerized learning
center' (chiJdreD's..... ballocallld in. oeparatc_)
4. Reference. YounV Adult. Non-Fiction Area - Computerized reference
terminals' Computer printers room 'optional: computer
homework center' optional: special reference section
S. Small Conference Room areas and Comouter Training Center-
Tutoring/small meetings/quiet study /hook-up for
distance learning
6. Multi-pur:pose Auditorium Area - Projection Room' sink, or kitchen
area' hook-up for long-distance learning' video
projection system, including computer components'
Automatic screen
7. Coffee Comer - (optional)
8. Restrooms - Two on each floor' baby-changing station.
B) Staff Areas: 1. Offices:
a. Circulation office work area - shelving/work stations/desks and
chairs/phone&istorago'sinklcounter surfaces.
. b. Branch Manager's office - shelving! round conference table and
eigth side chairs
c. Circulation Manager's office
d. Young Adult workroom
e. Young Adult Manager's office
f. Children's workroom
g. Children's Manager's office
h. Reference workroom
i.. Reference Manager's office
j. Delivery area - industrial shelving!standard shelving/counter
space/storage areas
2. Staff Lounlze - Kitchenetteltwo couches/four round lunch tables with
16 chairslstaff lockerslstaft' restrooms
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XIU. Rel!ional Libra" Securitv Svatems
The Miami-Dade Public Library System uses 3M Company for materials security. Tbe
following components are typical of that used in a Regional Library:
3M Security System:
Detection Unit Gates: -2
Book Check: -I
Desensitizer: -2
Power Line Conditioner: -2
Desensitizer for Magnetic Media: -J
Resensitizer for Magnetic Media: -J
Price in 1993: 511,52\.00 (Includes I year service and installation)
XIV. Buildinl! Fjre Alarm and Bunlar Motion Detector SYStem
XV. Rnional Llbrarv - Custom Furniture
Most recently, the Miami-Dade Public Library System has used the following library
furniture manufacturers for custom library furniture: Broc:lart for South Dade Regional
Library, Worden for West Kendall Regional Library, and Buckstaft"for Homestead Branch
Library. These are standard Library vendors. Quality or the furniture from all three
manufacturers has been good.
.
A:Reg-Spec.SAM
AJ
ACcac:J.eaC #1
APPENDIX D
Recommended Lighting for
Library Applications
MalAclMIy
Ranoe Of
FooIcandle .
,
Auditorium
Buildin, enlnDceS Cactiwl" u.d)
Conference I'OOIIlI
Dilplaya
Showc:ue
Featured item diapl.".
Equipment repair illumination <workapace around
aervict equipment to facilitate repair)
Graphica-Iayoutlartwork
Public areu
Rut rooma
HalWcorridoralatairwaya
Elevators
Readin, comCt or public areu)
Audio IisteJlinr area
Audioviaual areu
Book repair and bindinr
Browainglaearchin, in book ataclu: ktive atacIu
lnactivelltorqt ataclu
Cud mea
Carrel, iIldividual atudy areu
CatalociIlI
CimUatiou deak
CRT _III
Handwritten tulu: '3 pencil and aofter leada
Ballpoint pen
Mail .-tiJII
Maplpicturelart print ana
Mlcro(onn area (readiq)
Printed taaIu: 8- and lQ.point type
Glouy ma,wn.
Newspriat
Typed orilinala
1elephOllll Boolu
10-15-20
5
20-30-50
30-75-100
150-300-soo
20-3O-S0
100-150-200
. 10-15-20
5-7.5-10
5-7.5-10
20-30-50
20-30-s0
20-30-50
20-30-s0
5-7.5-10
50-75-100
20-3O-S0
20-30-s0
20-30-s0
5-7.5-10
50-75-100
20-30-s0
50-75-100
50-75-100
5-7.5-10
20-30-s0
2O-30-s0
20-30-50
20-30-s0
50-75-100
.w....... ahOlllel be mael. to the IES L~htin. Hondboo/J (or ruic1aDce Oil tho ..Joctio..
at a loolcallell. value from the l_nell. ra..,.. 1\--
SOURCE:
John E. Kaufman, od., IES LiB!.l.n, H41Idboo/c, App/~Iion Volume (New York:
IIIuminatinr Enrineerinr Society of North America, 1987).
185
... ,;)/
AttacJ.eat '2
aIDER T
EXHIBIT A
~~.TA CA!lL!NG STA.'\TDA.1<DS
INTRODUCTION
This document speci:ies the cabling standards from the telecommur.ica~icns
equ~pment closet to the ~crk'area outlets. The purpOse of this cablinc is
to provide data communications services for each work-area location. The
cab~jng installation must be performed in accordance with ANSI/EIA/T!A
~~g/S69 and TIA/EIA TSB40-A and adhered to a11 federal, state, county and
city codes and reaulations. In addition, all copper cabling installations
mus~ be cateacry 5 certi~ied and auaranteed. T~e cablinc re~uiremen~ fer
each work-are is two (2) 4-pair ufp Cat. 5 copper cables~and-two (2) multi-
mode 62.5/125 micron optical fiber strands. -
S~E:C!F!CA7!ONS
Work-Ar.a Face P1ate Out1et:
Copper - ~'o (2) Cat. 5 modular RJ45 jacks with 8 conductors and TIA/~!A
-- 56eA termination
Fiber - Two (2) multi-mode 62.5/125 micron OPtical fiber modular jaCKS
with 568SC duplex connector termination. -
The OPtical fibers in the face plat outlet box need to ~: securec,
and thev must mot have a bend radius of less tha:'l 1.18 ...... In
addition, the outlet bex ~ust have the ca~acity c: stcrinc a m~~i~~~
of 3.28 feet of fiber cable. . -
All modular jack& and face plates must be properly labeled ~~~ :oc~men~e=.
Cross-connection F.ardware (Telecommunications Equipment Room):
COPper - UT? Cateccr_ 5 cablinc must be terminated on Catercorv 5. ::c-
-. tvpe connection blocks with -T568A-compliar.t ....iring. and. Cat~scr,. _
R~45 ;acks with e conductors and TIA/EIA 568A term~nat~cn to=
patchIng to teleco~municat~ons equipment in t~e closets.
Fiber - Optical fiber cabling must be terminated in patch panels with
seesc connec~ors.
Cennectors shall be protec~ed f=om physical damage and moisture.
All patch panels and telecomm\'nications eauipment at a given site must
installed in lockable cabinetlY at predefined locatiens. .:... ,.... .-. .,--'
-:.:; '3~ ." i': =? ,,.)o,_',i':"'
All telecommunications must be properly labelee at the block and patch
panels, and they must be documented.
The demarcation point will. when needed. be ex~ended from its presen~
location (at the minimum penetration point) to a mutually agreed leca~ic..
next to the telecommunications equipment.
be
Cabling:
The cablinc system extends from the cross-connect in the telecommunica~icns
equipment room to the work-area outlets. It inc~udes the face ~late
out.lets, cabj,es. wiring clccks. patch panels. ana 'Catch cords. - All cab:i~
must be ~erformed in accordance with ~~SI/EIA/TIA 56~/5~9 and.~:A/E~A
TSB40-A and adhered to a:l federal, state, ccu~~~ a~Q c:~v coces a~c
regulaticns. Flenu~-rated ca~les are requir~ci it ~~e cabli~g s;ace ~s a:~c
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used for air return in the air conditioning system. All groundino must
conform to the aoplicable building and electr1cal codes and ANSI/tIA/!IA
~07. To dress th~ pa~ch cord~ at the cross-c9nnect blocks and patc~ panels
1n the telecommun1cat1ons equ1pment room, a W1re manaaement system 1n
required at each location. Figure 1 illustrates a generic cabling system.
Copper - Two (2) 4-pair 100 Ohm UTP Category 5 cables are run from
Cateaory 5, 100-t)~e connection blocks in the telecommunicat~ens
equipment closet to the work-area face plate outlet.
Each cooper cable is terminated in an 8-pin modular j3ck with
E!A/T!A.568A termination and T56eA-como11ant wirino at the 110-type
connection block. .-
The maximum cable length between the face plate outlet and the 110
connection block is 90 meters. The patch cords fer the face plate
outlet side and the telecommunications e~~ipment s~de is lim~ted to
~.combined lencth of 10 meters. The total cepper cabling system
c1stance is 100 meters.
The entire copoer cabling system must be Cateoory 5 certified and
auaranteed. When maximum copper cabling distan-~ is exceeded and an
Intermediate Distribution Frame (IDF) is reauir..': to intercon=-:ect
the data communications equipment, 4 multi-mode. 2.5/125 micron
c~tical fiber strand cables are run for each con~entratcr device.
The fiber cables are run between patch panels with SC termination
from the IDF to the telecommunications eauioment room. Additicnal
fiber specifications for the ootical cabres~ patch cords, and
cor-nectors are specified below~
Fiber - Two (2) multi-mode 62.5/125 micrcn optica: fiber strand cables
are run from SC fiber OPtics termination patch panels in the
telecomm~nications equipment closet to the work-area face plate
cOJt:et.
Each f~ber strand must meet the graded performance s~ecifications,
a~te~~a~~cn and t~ansmission capacity stated below:
,
Wavelencth
(mm) -
850
1300
Maximum
Attenuation
3.75
1.50
Minimum
Transmission Capacity ..
(dB/km) (MHz-~~;
160
500
Workstation Optical Patch Cords:
To ensure the polarity of the fiber is tr"lintained, the patch cords fe:: the
workstation face plate outlet shall be a two-fiber indoor cable of the same
type 3S the optical cables they connect to with 568SC termination.
Telecommunications Equipment Room Optical Patch Corda:
A single fiber oatch cord cable is required for the cross-connection patch
panel. The patch cord is of the same type as the eptical cable it connects
to with 5F3SC connectors.
Attenuation:
The maximum optical attenuation per each mated connector pair shall net
exceed 1.0 dS.
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~...... ::~. :.nt
~:.;<t ;:.. 'fit
AUacbMat '3
Shelvinl! in . Remon.1 Librarv
(Note: Wall .hdving i. one-.ided or single-faced. Free-standing shelving is 1IIWI11y tv<o-sidcd or double-faced)
Children's Room Shelvint!
Standard Shelvini > 12 ranges (This is usually three feet high, fule.standing
and double-faced).
Picture Book Shelvinll -> 3 ranges (Either free-standing or against a wall, low
shelving, three feet high).
Standard Displav Shelvinl! -> 4 ranges (Either free-standing or against a wall.)
Standard M~eR:rinr. Shelvinl!-> I range (Either free-standing or against a wall.)
Children's Standard Reference Desk Shelvinlz-> I range
sub-total this semon: ~1 NnDel
Fiction Area Standard Shelvint!
Standard Shelving (Usually free-standing cIouble-faced shelving, six feet high.)
sub-total this section: 7 fORes
Audio-Vi.ual. New Book Brow.int! Area
Standard Audio-Visual Shelvinl!
(Usually single-faced against the wall shelving, six feet
high or higher).
.ub-total this section: 3 rutfes
Orculation Office' Work Area
Standard Shelvinl! (A combination of free-standing and wall shelving, six feet high).
sub-total this section: 7 rUtfes
,
Reference Vounl! Adult' Non-Fiction Area
Standard shelvinl! -> 25 ranges (This is usually fule.standing, double-faced
shelving, six feet high)
Periodical shel~ -> 3 ranges (This is a combination of wall and
free.standing shelvins, six feet high)
Reference shclvin, -> 5 ranges (This is low shelving, threc feet high,
free-standing, double-faced)
.u~total thi. sedion: 33 .......
Other Work Rooms ud OfficesShelvint!
- At least one range of single-faced wall shelving in C\'CIY oftiClC.
- Offices: Branch Manager, Circulation Manager, Young Aduh Workroom and
Manager, Children's Workroom and Manager, and Reference Workroom
and Manager.
Sub-total this section: 8 raJl2e1
Grud Total: 79 rUlles
(Note: The number of sections in a range varies. The need for double-faced .helving versus single-faced shelving
varies. This is usually designed by the shelving vendor working with Ubrary staff.)
;;.y
Fax Transmission
MIAMI-DADE PUBLIC LIBRARY
101 WEST FLAGLER STREET
MIAMI, Fl 33130
Phone: (305) 375-6026
FAJK: (305)37~
To:
Ed Marquez, Director
Finance Department (Fax: 375-5659)
From:
Mary R. Somerville, Director
,
Date: April 17 , 1996
Re: Beach Costs for the New Regional
,
In addition to paying for the actual construction of a new regional, the City needs
to include at least $3,545,301 to purchase an additional 100,000 books (there
are 100,000 books currently; the paper specs sent to you previously specified
200,000 total volumes). As costs rise, purchasing power may fall, so it may take
more money to reach the goal. A couple of years ago, we ballparked $533,400
for furniture and shelving and $294,000 for added computers and wiring for a
regional. Architect Bill Liddy of GSA will also be sending architectural bid specs
for recent regionals to the City, as per their request. Thanks for your help.
cc: Alina Tejeda Hudak, Assistant County Manager.
Manny Lomba, Assistant Director, Support Services
Harriet Schwanke, Assistant Director, Branches and Special Services
Total No. of Pages 1
;Js
l07'07.t7A.....-00.;. 'woi
~" .
V?:.~MEMOAANDUM
TO:
Ed Marquez. Director
Finance Department
DATE:
SUBJECT:
April IS, 1996
FROM:
Mary R. Somerville
Director of Libraries
jU ,2 ~
Miami Beach Regional
Library Specifications
Here are suggested changes on page two of the material we sent you Friday. Please substitute the
corrected page for the one you already have.
If possible, we would also like to see inclusion of a general statement to the effect that "final
approval by the Director of Libraries is required for all architectural specifications, furnishings,
equipment and collections." ,
The specifications we sent you are very general. Of course, we would expect to work out final
details with the architect. Thank you for your help.
Attachment
cc: Assistant Directors
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DADE COUNTY, FLORIDA
CITY OF MIAMI BEACH, FLORIDA
and
~~
; BANKERS TRUST COMPANY
~.,:
as Escrow Agent
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ESCROW DEPOSIT AGREEMENT
~
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Relating to
DADE COUNTY, FLORIDA
SPECIAL OBLIGATION AND REFUNDING BONDS,
SERIES 1996B
~
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Refunding
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CITY OF MIAMI BEACH, FLORIDA
SUBORDINATE SPECIAL OBLIGATION BONDS, SERIES 1989
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DATED AS OF JULY 1, 1996
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ESCROW DEPOSIT AGREEMENT
iCe)
TIllS ESCROW DEPOSIT AGREEMENT (the "Agreement") is made and entered into
as of July 1, 1996, by and among DADE COUNTY, FLORIDA (the "County"), the CITY OF
MIAMI BEACH, FLORIDA ("Miami Beach") and ~ Bankers Trust Comnanv, as Escrow
Agent (the "Escrow Agent").
~l'.
W I T N E S. E T H:
.,....
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WHEREAS, Miami Beach has previously issued $8,000,000 in aggregate principal
amount of City of Miami Beach, Florida Subordinate Special Obligation Bonds, Series 1989,
dated as of November 1, 1989, as more particularly described on Schedule A (the "Refunded
Bonds"), pursuant to the provisions of Resolution No. 89-19786, adopted by Miami Beach on
November 8, 1989 (the "1989 Bond Resolution"); and
.~
WHEREAS, pursuant to the terms of an Interlocal Cooperation Agreement dated as of
July 1, 1996, between the County and Miami Beach (the "1996 Interlocal Agreement"), the
County has agreed to provide a grant to Miami Beach to refund the Refunded Bonds; and
~
,.~
WHEREAS, the County has issued E ~17S.278..288.3S in aggregate principal amount of
Dade County, Florida Special Obligation and Refunding Bonds, Series 1996B (the" Series 1996B
Bonds"), pursuant to the provisions of Ordinance No. 96-85 enacted by the Board of County
Commissioners of the County on June 4, 1996 (the" 1996 Bond Ordinance"), a portion of the
proceeds of which is to be deposited with the Escrow Agent to provide, together with investment
earnings thereon and certain other available moneys, for the refunding and defeasance of the
Refunded Bonds; and
~
~
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WHEREAS, a portion of the proceeds derived from the sale of the Series 1996B Bonds,
together with the other available moneys, will be applied to the purchase of Government
Obligations (as such term is defmed in this Agreement), which will mature and produce
investment income and earnings at such times and in such amounts, as will be sufficient to pay
when due ill the principal otii and interest on the Refunded Bonds as more specifically set forth
in this Agreement; and
'"
WHEREAS, it is necessary for Miami Beach and the County to enter into this
Agreement with the Escrow Agent in order to establish an irrevocable escrow fund for the
deposit of the Government Obligations, which together with other available moneys and
investment proceeds, shall be sufficient to repay the principal~ ~ interest ill on the Refunded
Bonds when due;
"
NOW, THEREFORE, Miami Beach and the County, in consideration of the foregoingtand the mutual covenants in this Agreement set forth and in order to secure the payment of the
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principal ot; and interest on all of the Refunded Bonds according to their tenns, do hereby agree
as follows:
~
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ARTICLE I
:)
CREATION AND CONVEYANCE OF TRUST ESTATE
~
~
Section 1.01. Creation and Conveyance of Trost Estate. Miami Beach and the County
hereby establish a trust in favor of the Escrow Agent for the sole benefit and security of the
Holders from time to time of the Refunded Bonds by granting, warranting, conveying, assigning
and pledging unto the Escrow Agent and to its successors in the trust hereby created, and to it
and its assigns its interest in the following property (collectively, the "Trost Estate"):
.."
DMSION I
'.:
All right, title and interest in and to (i) ~ $6.516.677. 7Q in moneys deposited directly
with the Escrow Agent and derived from the proceeds of the Series 1996B Bonds upon issuance
and delivery of the Series 1996B Bonds and execution of and delivery of this Agreement, and
(ii) ~ $226.762.87 in moneys derived from the Sinking Fund established under the 1989 Bond
Resolution (such moneys described in (ii) the "Other Moneys").
"
.
DMSION IT
;
~1
"
All right, title and interest in and to the Government Obligations described in Schedule
B-1 attached to and made a part of this Agreement purchased by the Escrow Agent at the
direction of the County and Miami Beach with the funds described in Division I above, together
with the income and earnings or proceeds of such Government Obligations.
DMSION ill
Any and all other property conveyed, pledged, assigned or transferred as and for
additional security under this Agreement by Miami Beach or the County, or by anyone on behalf
of Miami Beach or the County, to the Escrow Agent for the benefit of the Refunded Bonds.
The Trost Estate shall be held by the Escrow Agent, and its successors and assigns,
forever in trust, however, for the sole benefit and security of the Holders from time to time of
the Refunded Bonds, but if the principal of!\ and interest on all of the Refunded Bonds shall be
fully and timely paid when due, upon the" maturity ~, in accordance with the tenns of this
Agreement, then this Agreement shall become void and have no further force and effect except
as otherwise provided in this Agreement; otherwise the same shall remain in full force and
effect, and upon the trusts and subject to the covenants and conditions hereinafter set forth.
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ARTICLE n
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DEFINITIONS
~~
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Section 2.01. Definitions. In addition to words and terms elsewhere defmed in this
Agreement, the following words and terms as used in this Agreement shall have the following
meanings, unless some other meaning is plainly intended. Capitalized terms not otherwise
defmed in this Agreement shall have the meanings set forth in the 1989 Bond Resolution.
~
"Government Obligations" means non-callable direct obligations of the United States of
America.
"Holders" means the registered owners from time to time of the Refunded Bonds.
,,-~
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"Paying Agent for Refunded Bonds" means SunTrost Bank, Central Florida, National
Association, successor to Sun Bank, National Association, as paying agent and registrar for the
Refunded Bonds.
~
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Words of the masculine gender shall be deemed and constnled to include correlative
words of the feminine and neuter genders. Words importing the singular number shall include
the plural number and vice versa unless the context shall otherwise indicate. The word "person"
shall include cOIporations, associations, natural persons and public bodies unless the context shall
otherwise indicate. Reference to a person other than a natural person shall include its
successors.
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ARTICLE m
ESTABLISHMENT OF ESCROW DEPOSIT TRUST FUND;
FLOW OF FUNDS
]
~~
Section 3.01. Creation of Escrow Deposit Trost Fund and Deposit of Moneys. There
is hereby created and established with the Escrow Agent a special and irrevocable trnst fund
designated "City of Miami Beach, Florida, Subordinate Special Obligation Bonds, Series 1989
Escrow Deposit Trost Fund" (the "Escrow Deposit Trost Fund"), to be held by the Escrow
Agent for the sole benefit of the Holders of the Refunded Bonds and accounted for separate and
apart from the other funds of Miami Beach and, to the extent required by law, of the Escrow
Agent.
;-.:~
Concurrently with the delivery of this Agreement, the County herewith causes to be
deposited with the Escrow Agent, and the Escrow Agent acknowledges receipt of, immediately
available moneys for deposit in the Escrow Deposit Trost Fund in the amount of W
$6.743.440.57. consisting of & $6.516.677.70 from the proceeds of the Series 1996B BoJlds and
Miami Beach herewith causes to be deposited with the Escrow Agent in the Escrow Deposit
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Trost Fund, and the Escrow Agent acknowledges receipt of, immediately available moneys in
the amount of @ $226.762.87 in Other Moneys, all of which, when invested in Government
Obligations (other than It 1209.l!2 to be initially held uninvested), will provide moneys sufficient
to pay the principal ot"and interest on the Refunded Bonds, upon the payment at maturity @ of
the Refunded Bonds, as more particularly described in Schedule C attached to this Agreement
and made a part of this Agreement, and as verified in the verification report of Deloitte &
Touche LLP, dated July @~, 1996.
Section 3.02. Payment of Refunded Bonds. The Series 1996B Bond proceeds and Other
Moneys received by the Escrow Agent will be sufficient to purchase ~ ~8.475.000.00 in par
amount of Government Obligations, all as listed in Schedule B-.l attached and made a part of this
Agreement, which will mature in principal amounts and earn income at such times, all as
described in Schedule B~, so that sufficient moneys will be available to pay as the same
matur~i", all principal 0~1 and interest on the Refunded Bonds. Notwithstanding the foregoing,
if the amounts deposited in the Escrow Deposit Trost Fund are insufficient to make said
payments of principal;~ and interest, the County shall cause to be deposited into the Escrow
Deposit Trost Fund the amount of any deficiency immediately upon receipt of notice from the
Escrow Agent.
";
Section 3.03. Irrevocable Trost Created. The deposit of moneys and Government
Obligations or other property under the terms of this Agreement in the Escrow Deposit Trost
Fund shall constitute an irrevocable deposit of said moneys and Government Obligations and
other property hereunder for the sole benefit of the Holders of the Refunded Bonds, subject to
the provisions ofthis Agreement. The Holders of the Refunded Bonds, subject to the provisions
of this Agreement, shall have an express lien on all moneys and principal of and earnings on the
Government Obligations and other property in the Escrow Deposit Trost Fund until used and
applied according to the terms of this Agreement. The moneys deposited in the Escrow Deposit
Trost Fund and the matured principal of the Government Obligations and other property and any
interest income shall be held in trost by the Escrow Agent, and shall be transferred in the
necessary amounts as provided in this Agreement to the Paying Agent for the Refunded Bonds
for the payment of the principal o~ and accroed interest on the Refunded Bonds, as more
.:>...
specifically set forth in Schedule C to this Agreement. The Escrow Agent shall have no power
or duty to invest any moneys held by it or to make substitutions of the Government Obligations
or to sell, transfer or otherwise dispose of the Government Obligations except as provided in this
Agreement. The Escrow Agent is hereby instrocted not to initially invest rn ~2OJ.89 of the
moneys deposited in the Escrow Deposit Trost Fund simultaneously with the delivery of this
Agreement.
Section 3.04. Purchase of Government Obligations. The Escrow Agent is hereby
directed immediately to purchase the Government Obligations listed on Schedule B-.l from the
proceeds of the Series 1996B Bonds and the Other Moneys. The Escrow Agent shall purchase
the Government Obligations solely from the moneys deposited in the Escrow Depostt Trost
Fund. The Escrow Agent shall apply the moneys deposited in the Escrow Deposit Trost Fund
4
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and the Government Obligations purchased therewith, together with all income or earnings
thereon, in accordance with the provisions of this Agreement.
~;"~<~~
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The County and Miami Beach covenant to take no action in the investment, reinvestment
or security of the Escrow Deposit Trust Fund in violation of this Agreement and recognizes that
any such action in contravention of this Agreement might cause the Refunded Bonds to be
classified as "arbitrage bonds" under the Internal Revenue Code of 1986, as amended, and the
regulations promulgated or applicable thereunder (the "Code").
Section 3.05. Substitution of Certain Government Obli~ations.
~
';~'7'"
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(a) If so directed in writing by the County and Miami Beach on the date of
delivery of this Agreement, the Escrow Agent shall accept in substitution for all or a portion of
the Government Obligations listed in Schedule B;;!, Government Obligations (the "Substituted
Securities"), the principal of and interest on which, together with any Government Obligations
listed in Schedule B-2 for which no substitution is made and moneys held uninvested by the
Escrow Agent, will be sufficient to pay all principal 0$ and interest ~ ml the Refunded Bonds
as set forth in Schedule C. The foregoing notwithstanding, the substitution of Substituted
Securities for any of the Government Obligations listed in Schedule B;;! may be effected only
upon compliance with Section 3.05(b)(1) and (2) below.
(b) If so directed in writing by the County and Miami Beach at any time
during the term ofthis Agreement, the Escrow Agent shall sell, transfer, exchange or otherwise
dispose of, or request the redemption of, all or a portion of the Government Obligations then
held in the Escrow Deposit Trust Fund and shall substitute for such Government Obligations
other Government Obligations, designated by the County and Miami Beach, and acquired by the
Escrow Agent with the proceeds derived from the sale, transfer, disposition or redemption of
or by the exchange of such Government Obligations held in the Escrow Deposit Trust Fund, but
only upon the receipt by the Escrow Agent of:
~
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(1) an opinion of nationally recognized counsel in the field of law relating to
municipal bonds stating that such substitution will not adversely affect the exclusion from
gross income for federal income tax purposes of interest on the Refunded Bonds and is
not inconsistent with the statutes and regulations applicable to the Refunded Bonds and
the Series 1996B Bonds; and
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(2) verification from an independent certified public accountant, acting at
arm's length to the transaction on behalf of the Holders of the Refunded Bonds, stating
that the principal of and interest on the substituted Government Obligations, together with
any Government Obligations and any uninvested moneys remaining in the Escrow
Deposit Trust Fund will be sufficient, without reinvestment, to pay the remaining
principal 0' and interest on the Refunded Bonds as set forth in Schedule C }O this
Agreement.
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Any moneys resulting from the sale, transfer, disposition or redemption of the Government
Obligations held hereunder and the substitution therefor of other Government Obligations not
required to be applied for the payment of such principal 0' and interest on the Refunded Bonds
(as shown in the verification report described in Section 3.05(b)(2) of this Agreement delivered
in connection with such substitution), shall be deposited in the Revenue Fund established under
the 1996 Bond Ordinance. Upon any such substitution of Government Obligations pursuant to
Section 3.05, Schedule B;! to this Agreement shall be appropriately amended to reflect such
substitution.
The Escrow Agent shall be under no duty to inquire whether the Government Obligations
as deposited in the Escrow Deposit Trost Fund are properly invested under the Code, except as
specifically set forth in this Section 3.05, and provided further that the Escrow Agent may rely
on all specific directions in this Agreement providing for the investment or reinvestment of the
Escrow Deposit Trost Fund.
.~
Section 3.06. Transfers from Escrow D~sit Trost Fund. As the principal of the
Government Obligations set forth in Schedule B-..! held in the Escrow Deposit Trost Fund shall
mature and be paid, and the investment income and earnings thereon are paid, the Escrow Agent
shall, no later than the payment date for the Refunded Bonds, as specified in Schedule C to this
Agreement, transfer from the Escrow Deposit Trost Fund to the Paying Agents for the Refunded
Bonds amounts sufficient to pay the principal oftj and interest on the Refunded Bonds, as
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specified in Schedule C to this Agreement.
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Section 3.07. Investment of Certain Moneys Remaining in Escrow D~sit Trust Fund.
Subject to the provisions of Section 3.04, the Escrow Agent shall invest and reinvest, at the
written direction of the County, in Government Obligations any moneys remaining from time
to time in the Escrow Deposit Trost Fund until such time as they are needed. Such moneys shall
be reinvested in such Government Obligations for such periods and at such interest rates, as the
Escrow Agent shall be directed to invest by the County, which periods and interest rates shall
be set forth in an opinion from nationally recognized counsel in the field of law relating to
municipal bonds to the County, Miami Beach and the Escrow Agent, which opinion shall also
be to the effect that such reinvestment of such moneys in such Government Obligations for such
period and at such interest rates will not, under the statutes and regulations applicable to the
Refunded Bonds, cause the interest on such Refunded Bonds to be included in gross income for
federal income tax purposes and that such investment is not inconsistent with the statutes and
regulations applicable to the Refunded Bonds and the Series 1996B Bonds. Any interest income
resulting from reinvestment of moneys pursuant to this Section 3.07 not required to be applied
for the payment of the principal 01li; and interest on the Refunded Bonds, as verified by an
independent certified public accountant, shall be returned to the County and deposited in the
Revenue Fund established under the 1996 Bond Ordinance.
~.
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Section 3.08. Escrow D~osit Trost Fund Constitutes Trost Fund. The Escrow Oeposit
Trost Fund created and established pursuant to this Agreement shall be and constitute' a trust
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fund for the purposes provided in this Agreement and shall be kept separate and distinct from
all other funds of the County, of Miami Beach and, to the extent required by law, of the Escrow
Agent and used only for the purposes and in the manner provided in this Agreement.
~~
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Section 3.09. Transfer of Funds After All Payments Required by this A~ment are
Made. After all of the transfers by the Escrow Agent to the Paying Agent for the Refunded
Bonds for payment of the principal o~ and interest on the Refunded Bonds provided in
Schedule C have been made, all remaining moneys and securities, together with any income and
interest thereon, in the Escrow Deposit Trust Fund shall be returned to the County and deposited
in the Revenue Fund established under the 1996 Bond Ordinance; provided, however, that no
such transfers (except transfers made in accordance with Sections 3.05 and 3.07 of this
Agreement) shall be made until all of the principal 01:1; and interest on the Refunded Bonds have
been paid. m
Section 3.10. ~ Relinouishment of ~ Ri':p'ts of Redemption. Miami Beach hereby
irrevocably ~ releases. relinouishes and waives any ril!:ht to redeem the Refunded Bonds orior
to their dates of maturity ill.
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ARTICLE IV
CONCERNING THE ESCROW AGENT
Section 4.01. Liability of Escrow Al!:ent. The Escrow Agent shall not be liable in
connection with the performance of its duties hereunder except for its own negligence or default.
The Escrow Agent shall not be liable for any loss resulting from any investments made pursuant
to the terms of this Agreement. The Escrow Agent shall not be liable for the accuracy of the
calculations as to the sufficiency of moneys and of the principal amount of the Government
Obligations and the earnings thereon to pay the Refunded Bonds. So long as the Escrow Agent
applies any moneys, Government Obligations and interest earnings therefrom to pay the
Refunded Bonds as provided in this Agreement, and complies fully with the terms of this
Agreement, the Escrow Agent shall not be liable for any deficiencies in the amounts necessary
to pay the Refunded Bonds caused by such calculations.
The Escrow Agent shall have no lien, security interest or right of set-off whatsoever upon
any of the moneys or investments in the Escrow Deposit Trost Fund for the payment of fees or
expenses for the services rendered by the Escrow Agent under this Agreement.
This Agreement expressly sets forth all the duties of the Escrow Agent with respect to
all matters pertinent to this Agreement. No implied duties or obligations shall be read into this
Agreement against the Escrow Agent. The Escrow Agent shall not be liable except for its
negligence or willful misconduct. The Escrow Agent may consult with counsel and the advice
of such counsel shall be full and complete authority as to any action taken or omitted/ by the
Escrow Agent in accordance with such advice.
7
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Section 4.02. Permitted Acts. The Escrow Agent and its affiliates may become the
owner of all or may deal in the Refunded Bonds as fully and with the same rights as if it were
not the Escrow Agent.
"
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Section 4.03. Payment to Escrow Agent. The County shall pay to the Escrow Agent
the reasonable compensation agreed to by the County through its acceptance of the bid submitted
by the Escrow Agent attached as Schedule E for all services rendered by the Escrow Agent
hereunder and also its reasonable expenses, charges and other disbursements and those of its
attorneys, agents and employees incurred in and about the administration and execution of the
trusts hereby created, and the perfonnance of its powers and duties hereunder.
;,,,!,
Section 4.04. Renlacement of Escrow Al!ent. The County and Miami Beach shall have
the right to tenninate, and replace, the Escrow Agent hereunder for cause.
ARTICLE V
MISCELLANEOUS
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Section 5.01. Amendments to this AlITeement. This Agreement is made for the benefit
of the Holders from time to time of the Refunded Bonds and shall not be repealed, revoked,
altered or amended without the written consent of all such Holders of the Refunded Bonds, the
Escrow Agent, Miami Beach and the County; provided, however, that the County, Miami Beach
and the Escrow Agent may, without the consent of, or notice to, such Holders, enter into such
agreements supplemental to this Agreement which shall not adversely affect the rights of such
holders and shall not be inconsistent with the tenns and provisions of this Agreement for any
one or more of the following purposes:
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(a)
to cure any ambiguity or fonnal defect or omission in this Agreement; or
5'
(b) to grant to or confer upon the Escrow Agent for the benefit of the Holders
of the Refunded Bonds any additional rights, remedies, powers or authority that may lawfully
be granted to or conferred upon the Escrow Agent.
,
The Escrow Agent shall be entitled to rely upon an unqualified opinion of a nationally
recognized counsel in the field of law relating to municipal bonds with respect to compliance
with this Section.
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Prior to any repeal, revocation, alteration or amendment of this Agreement, the County
shall provide written notice of such proposed repeal, revocation, alteration or amendment to
Standard & Poor's and to Moody's Investors Service, Inc. at their at addresses set forth below:
~
Standard & Poor's
25 Broadway
New York, New York 10004
Moody's Investors Service; Inc.
99 Church Street
New York, New York 10007
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Section 5.02. Severability. If anyone or more of the covenants or agreements provided
in this Agreement on the part of the County, Miami Beach or the Escrow Agent to be performed
should be determined by a court of competent jurisdiction to be contrary to law, such covenant
or agreement shall be deemed and construed to be severable from the remaining covenants and
agreements contained in this Agreement and shall in no way affect the validity of the remaining
provisions of this Agreement.
Section 5.03. Agreement Binding. All the covenants, proposals and agreements in this
Agreement contained by or on behalf of the County, Miami Beach or the Escrow Agent shall
bind and inure to the benefit of their respective successors and assigns, whether so expressed
or not.
Section 5.04. Notices to Escrow Agent. Miami Beach and County. Any notice, demand,
direction, request or other instrument authorized or required by this Agreement to be given to
or med with the Escrow Agent, Miami Beach or the County, shall be deemed to have been
sufficiently given or med for all purposes of this Agreement if personally delivered and receipted
for, or if sent by registered or certified United States mail, return receipt requested, addressed
as follows:
(a) As to the County -
Dade County, Florida
c/o Dade County Finance Director's Office
111 N.W. 1st Street, Suite 2550
Miami, Florida 33128-1995
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(b)
As to Miami Beach -
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City of Miami Beach, Florida
c/o Finance Director
1700 Convention Center Drive
Miami Beach, Florida 33139
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(c)
As to the Escrow Agent -
~
~ Bankers Trust Comnanv
~ 4 Albanv Street
I ~ew York I New York ~
Any party hereto may, by notice sent to the other parties hereto, designate a different or
additional address to which notices under this Agreement are to be sent.
~
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Section 5.05. Notice of Defeasance. Miami Beach hereby instructs the Paying Agent
for Refunded Bonds to send notice of the defeasance in substantially the form attached as
Schedule W !! of the Refunded Bonds to the Holders thereof within thirty (30) days of the
delivery of the Series 1996 Bonds in accordance with Section 304(M) of the 1989 Bond
Resolution.
~:. -
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Section 5.06. Termination. This Agreement shall terminate when all transfers and
payments required to be made by the Escrow Agent under the provisions of this Agreement shall
have been made.
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Section 5.07. Execution by Countelparts. This Agreement may be executed in several
counterparts, all or any of which shall be regarded for all purposes as one original and shall
constitute and be but one and the same instrument.
"
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Section 5.08. Governing Law. This Agreement shall be governed by the applicable laws
of the State of Florida.
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IN WITNESS WHEREOF, each of the parties hereto has caused this Agreement to be
executed by its duly authorized officers and its official seal or cOIporate seal, as the case may
be, to be hereunto affixed and attested as of the date first above written.
DADE COUNTY, FLORIDA
(SEAL)
ATTEST:
By:
County Manager
By:
Deputy Clerk
Approved as to form:
By:
Assistant County Attorney
CITY OF MIAMI BEACH, FLORIDA
(SEAL)
ATTEST:
By:
Mavor
By:
City Clerk
BANKERS TRUST COMPANY.
as Escrow Agent
(SEAL)
ATTEST:
By:
Title:
By:
Title:
LAK-l02446.6:733
23063.22
FORM APPROVED
~BY~
Date (~-).-, ~u
/
/
11
FROM zHOL~~ND & ~NIGHT
941 499 5:391
Sl :HIf.IIULE A
llRFrlN1l'lm BONDS
Maturity Date
(Pecember 1)
1996
1997
1998
1999
2000
2008
Ptinl'.jpol Amount
$ 320,000
340,000
365,000
390,000
420,000
4,660,000
A-I
1996.06-27
10150 #074 P.02/02
Interest Rate
6.800~
6.900
7.000
7.100
7.150
7.375
RJA ~UBLIC FINANCE
Fax:813-573-8315
Jun 26 '96
10:21
P.03/20
~ B-1
DAIlE CWlITY, FLOItIDA
Special Obli"".I"" ond ..fon/lns B_. Series 19968
(Gront t. Relon/ 1989 Ml...i Selch B_>
Tox'Ex"",," .......
OPTIMI2ED DEDICATED PORTFOLIO
MATURITY
TYPE aM'ClN Y1EUl
"RI12 PAR AMCIJJiIT PRINCIPAL COST+ACCUD lNTEREST . TOTAL COST
11/30/1996 T'NOT!: 7.Z50: 5.549% 100.67187501 39~,OOO 396,647.19 2.497.49 399.144.68
05131/1997 T-NOTE 6.750~ 5_815~ 100.8125000% 76,000 76,617.50 4<a.52 77,066.OZ
11/30/1997 T'NOTE 5.375~ 6.120" 99.00000001: 420,000 415,800.00 1.973.77 417.m.77
=. . .,?1al!rJWlIl"m>'fi~~,,J.;m~~~..~ ,,,,;'~~~,_~(~.J,,,,,,...../~.~~.. _._"_;~~6. ,f-;1iI~..
~;::;:..'t;tf:~",,;~ >0<, . . .: ~~U:O. ,.. '<13 ..~._.~ ." ,. .......~!I;!l6;vlN~~.s~.;:l. :r.;-':"\~~;;:t:J:r - ~.:~!'J,:JS:;""7.",:.;lY::':
05131/1999 T-NOTE 6.750: 6.46OX 100.75000001: SO,OOO SO,6OO.oo 412.13 81.072.13
11/30/1999 T-NOTE 7.7501: 6.5551: 103.59375001: 473.000 1,89,998.44 3,205.03 493.203.47
05131/2000 T-Nbre 6.250~ 6.5977: 98.81250001: 86,000 84.978.75 469.93 85.448.711
11/30/2000 T-NOTE 5.6251 6.65S~ 96.1093750: 510 000 490 157.81 2 508.20~' 492,666.01
"'i.ii'S;"""l''''Olr--. 'lI~t~~.5~"""""'jV'~z"'f2Siiii~""",""f"'''',,,'''' . ,..,.::... ~;.:.,."....;d'ilo' . "-::=1l'n:Mr.: e
"'...JI .,"""~ . :1_...<1!i... ..JO''''''.. .""_......~-=x... '.. ="".llil"'.........._.8Z;367.5Q;=.....__::5 ;}~". ... ...6. .
11/1$/2001 STRIPS . 6.720: 7ll.124000OX 54~.OOO 380.072.08 - 3Sl,072.08
05/15/2002 STRIPS - 6.730: 67.8060aoo~ 75.000 SO,854.50 - 50,854.50
11/15/2002 T-BOND 11.6251: 6.752% 124.8750000% 555,000 693,056.25 8,~IS.49 701,471.74
05/1S/2003 T-iOIID 10.7501t 6.7851: 121.1.687500" 90.000 109 321.88 1 261.96 110583.84
=~j;1$it.!i!Q~":l";j~w.Mtm~ll2.l~2$tm~;;:;<;m.1iO/1, ~~;o.;;ii,;''':,' ,;:;.;i.:GZ!iilti'"#.';t;l9r:;1ii~
05/15/2004 T-1IIlMll 12.3751: 6.860: 133.0937500: 112,000 149,065.00 I,S07.83 150,872.83
11115/2004 STRIPS . 6.790% $7.1860000: 673,000 384,861.78 - 384,861.78
05/IS/2005 STRIPS . 6.810: 55.Z14OO001: 98,000 54.109.72 - 54,109.72
11/15/2005 ST~IPS . 6.830: 53.2990000: 694 000 369 1l9S.06 - 369 895.06
~O~ .,&""rC06;-"......1_t.............,.~<;i'.,.......,"""._..9.tDjjiiiii.~.->2'!ijiiO,=-'39':~~::.~ ,,",--C;-.'~ - -",,;;;'::'="":;S9:05t:"1r~
...~........~ 'I~............,:P.I:....".~ ........_..~...:t:=_~. ,~~...,..~....~l,Q~...., _..._ __........._.. - _
11/15/2006 STRIPS . 6.890% 49.53800oo~ n6,OOO 354,692.08 . 354.692.08
05/15/2007 STRIPS . 6.900% 47.83S0000X 5~,OOO 24,875.76 . 24.875.76
11/1512007 STRIPS - 6.93OX 46.0900000: 738.000 340.144.20 - 340.144.Z0
05/15/200& ST~IPS - 6.9~0: 44.4960000: 27,000 12 013.92 . 12.013.92
~<;i,1'.:li~I2lll!!l':..:.;..mxe.i:;';;;;';,;I~~!!~E:j.~"l!.~!!!l~" ."...t67i~2S;Ulr;!l8'", o.:'.~,.;;'~.'..,=!::::".......'3"'I\;;~:oa;;
8,415.000 .6,707,872..29
35.353.39
6,743.230.68
COMPOSITION Of INITIAL OEPOSIT
Cosh Depoolt......................................
Cast of .testricted ]nY*Stllllnts......................
209.89
6, 743.23~.6&
16.743,440.57
6.936.9'5.1Z
total Cast of Investments.........................
Target Coot of I....tmont. ot bond yl.ld..........
fILE. CDTREV3.CUrront ~
6/25/1996 8:55 ~
Ra".ond Jamea & ,,"oc;.t..
Publ ; C' F i nenc:e Depert.nt
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Fax:813-573-8315
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. RJA PUBLIC FINANCE
Fax:813-573-S315
Jun 26 '96
10:22
P:05120 '
f;
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THE CITy OF MIAMI 'EACH, FL.ORIDA
Subordinated Sped a L Obligation Bonds, Series ,98.
(Convention Col!nter Project)
DE8T SERVICE TO M~TURITY AND TO !:ALL
D~TE REFUIIOtD 8011DS DIS TO CALL PRINCIPAL COUPOII I~TEREST REF\lHDED DIS
7102/'996 . - - - - -
'2/01/'996 320,000.00 556,082.50 320,000.00 6.8DOX 236._.30 536._.30
6/01/'997 . 225,202.50 - - 225,202.50 225,202.50
12/01/1997 340 000.00 565 202.50 340,000.00 6.900l( 225 202.50 565 202.50
@~t~m;:i~.8:l~~~~:;,~;~<E,~~~Xi.ff;?~~~tr€~21'!.~'4ft:bsOh:~1~~i~~)~I~:~3r0~7lt"Wmt4jt6Wr,$iM}i#.f.{i1S;41.2~S~~~V4Tfi~Z:l3-~~(j'!i~
'2/0' /1998 365,000.00 578,4n.50 365,000.00 7.000X 213.472.50 578,4n.50
6/011'999 - 200,697.50 - . 200,697.50 200,697.50
12/0'/'999 390,000.00 590.697.50 390,000.00 7.100l( 200,697.50 590,697.50
6/0'/2000 . '86 8n.50 - - ,86 852.50 '86 852.5Q
Mf~1i1.'()JI.~Z'21~~'j!~n;tiilQ~w~e:Sili~6~~Stt.%1~~r;:.4:2~,~jtitn:O(L~~~~1~1~Qj~SE:jh1l"1~1"5.~~ii~;~ssa$&E
6/0'/200' . 1n,837.50 - - '7'1,837.50 17',837.50
12/0'/2001 450,000.00 62',837.50 450,000.00 7.375% '7',837.50 iSl',837.50
6/0"2002 - 155r~4"5~75 - - '55,243.75 155,243.75
'2/0"2002 480 000.00 635 243.75 480.000.00 7.375% '55 243.75 635 243.75
6%:S}6itM1200.~;~:;lif~Rt~~.~~1is;~#~>t:~~F-l3iJi.s:?t:fU5;iit~1:;;:12~!~~\1!=ji$#;;;;;~013Z:~*.i;7$.:::::E*~~~;:
12/0"2003 515,000.00 652,543.75 515.000.00 7.315% 137,34$.15 652,543.75
6/01/2004 - '18,553.13 - . 118,553.13 '18,553.13
12/01/2004 555,000.00 673 ,553.13 555.000.00 7.375% 118,553.13 673,553.13
6/01/2005 . 98 087.50 . - 98,087.50 98087.50
Ettll0:11ltifl,~tih,~~*~~!np~~t~gE=tH3tD~t;~#.:;t;"t:f~~:.oO~#@#;tr3Z5.1~;#9~h~~l:lmE{*;:~;~~,;l
6/01/20D6 - 76,146.88 - - 76, '46.88 76,'46.88
lZ10'/Z0D6 640,000.00 716,146.88 640,000.00 7.375% 76,146.88 7'6, 'l.6.88
6/01/2007 - 52,546.88 . - 52,546.88 52,546.88
12/01/2007 685,000.00 737,546.88 685,000.00 7.315l( 52,546.88 737,546.88
a~:~ij)j~~Efi~t,;*l%4~Et19;~:if~:;.~~~~~:t'(J'~8ti5Cfi,~4~~~~?t;2:72~:~7:~f::~,4t€1~E~S:1.ii~Zi~~~~':Q-:;,]?f7,.;2:~7)~:~$ltf
,2/0112008 740,000.00 761,287.50 740,000.00 7.375" 27.287,,50 767.287.50
lOTAL 6,495,ODO.00 '0.058,026.28 6.495,000.00 - 3,563.026.28 '0,058.026.28
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Raymond James . Associates
Plbl ic FihBnce Departmenl
FILE . tDTAEV3-CUrrent RLI'1
6/26/'996 9,36 N4
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SCHEDULE D
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NOTICE OF DEFEASANCE
CITY OF MIAMI BEACH, FLORIDA
SUBORDINATE SPECIAL OBliGATION BONDS
SERIES 1989
Dated November 1. 1989
NOTICE IS HEREBY GIVEN for and on behalf of the City of Miami Beach, Florida,
that the outstanding Miami Beach, Florida Subordinate Special Obligation Bonds, Series 1989,
dated November 1, 1989 maturing on December 1 of the years 1996 through 2000, inclusive,
and 2008 (the "Series 1989 Bonds"), have been defeased pursuant to the terms of Resolution No.
89-19786 which authorized issuance of the Series 1989 Bonds (the" 1989 Bond Resolution") by
depositing in irrevocable escrow Defeasance Obligations (as defined in the 1989 Bond
Resolution) with N Bankers Trust Comuanv , acting as escrow agent solely for the holders of
the Series 1989 Bonds, in an amount sufficient to pay the principal otlti and interest on ~ the
Series 1989 Bonds when duet.
:;.':~
The Series 1989 Bonds are deemed to have been paid in accordance with the terms of
Section 304M of the 1989 Bond Resolution.
This notice does not constitute a notice of redemption and no Series 1989 Bonds should
be delivered to Miami Beach, Florida, as a result of this notice. The City ot:.1\:1iami.Beaclt..has
relinquished. released and waived anv ril!ht to redeem the Series 1989 Bonds urior to
maturity I
Dated this _ day of July, 1996.
MIAMI BEACH, FLORIDA
BY: SUNTRUST BANK, CENTRAL FLORIDA,
NATIONAL ASSOCIATION (formerly
known as Sun Bank, National
Association)
By:
/
D-1
107.o7.t7"~.. ,..,'
~ M E M OR AND U M
TO:
Ed Marquez, Director
Finance Department
DATE:
SUBJECT:
April IS, 1996
FROM:
Mary R. Somerville
Director of Libraries
I"lS
!t.'l Ii. ,./'"
Miami Beach Regional
Library Specifications
Here are suggested changes on page two of the material we sent you Friday. Please substitute the
corrected page for the one you already have.
If possible, we would also like to see inclusion of a general statement to the effect that "final
approval by the Director of Libraries is required for all architectural specifications, furnishings,
equipment and collections." ,
The specifications we sent you are very general. Of course, we would expect to work out final
details with the architect. Thank you for your help.
Attachment
cc: Assistant Directors
~