85-18195 RESO
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RESOLUTION NO. 85- 18195
A RESOLUTION AUTHORIZING RENEWAL OF INTERLOCAL
AGREEMENT WITH THE GREATER MIAMI CONVENTION
CONSORTIUM IN ACCORDANCE WITH SECTION 5 OF
AGREEMENT, FOR PERIOD COMMENCING OCTOBER 1, 1985.
BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF MIAMI BEACH,
FLORIDA, that:
SECTION 1: That the City Commission of the City of Miami Beach,
Florida, that in accordance with Section 5 of the
Interlocal Agreement with the Greater Miami Convention Consortium,
hereby affirmatively expresses its desire to continue as a member
of the Consortium for the period commencing October 1, 1985 through
September 30, 1986.
PASSED AND ADOPTED this 18th day of September, 1985.
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City Clerk
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may be, that would otherwise have been required by the Public
Agency during the then current fiscal year (the "Substituted
Revenue Source"). In the event the Public Agency, upon making a
determination that its bond obligations would be impaired, fails
to contribute to the Consortium an Alternative Revenue Source,
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the Public Agency's participation in the Consortium shall be
forthwith terminated; provided however, that the terminated
Public Agency shall continue to be bound by any prior committed
contract, convention reservation, or other commitment duly made
by the Consortium's contracting agent. Each Public Agency agrees
that it will not, during the term of this Agreement, or any
extended term, pledge or commit to a bond issue, present or
future, any funds from their respective existing two percent
Resort Taxes, that would impair its ability ,to meet theirobli-
gations under this Agreement of committed funds currently pledged
to..the payment Df bonds as of the date of this Agreement.
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SECTION 5. Duration of the Agreement; Carried Forward Commit-
ments of Withdrawing P.ublic Agency. The term of this Agreement
shall be subject to renewal each year by either (a) the adoption
of a resolution by the governing body of each Public Agency
affirmatively expressing its desire to continue as a member of
,the Consortium jlr (b) by budgetary appropriation of the required
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financial contribution of the Public Agency. Ei ther action by
each Public Agency shall be deemed an automatic extension and
renewal of the Public Agency's participation in the .Consortium
for ~e .next fiscal year. In the event of the withdrawal of any
Public Agency from' the Consortium, the remaining participants may
elect to continue the Consortium, by adoption of appropriate
resolution of the governing body of each remaining participant.
In the event the remaining Public Agencies do not elect to con-
tinue the Consortium, this Agreement shall automatically termi-
nate as of the end of the then current fiscal year.
In the event of any te~ination, the withdrawing public
Agency shall be bound by any prior committed convention reserva-
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