98-22945 RESO
RESOLUTION NO. 98-22945
A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF
MIAMI BEACH, FLORIDA, AUTHORIZING THE ESTABLISHMENT OF A
CHECKING ACCOUNT AT SUNTRUST BANK ENTITLED "CITY OF MIAMI
BEACH CULTURAL ARTS COUNCIL," TO PROVIDE FOR PAYMENTS TO
CUL TURAL ARTS COUNCIL GRANT RECIPIENTS, AND FOR OPERATING
AND OTHER COSTS; AND REQUIRING TWO SIGNATURES FOR THE
EXECUTION OF VOUCHERS.
WHEREAS, the City desires to establish a checking account at SunTrust Bank entitled,
"City of Miami Beach Cultural Arts Council," and
WHEREAS, the Mayor and City Commission wish to designate signatories who may
execute vouchers in order to draw upon funds for the benefit of the City and the Cultural Arts
Council.
NOW THEREFORE, BE IT RESOLVED by the Mayor and City Commission ofthe City
of Miami Beach, Florida:
Section 1:
That, on and after the 22nd day of October 1998, all withdrawal of funds from the
City of Miami Beach Cultural Arts Council Account shall be by a duly prepared
voucher executed and countersigned by any two of the following designated
individuals as follows:
a. Sergio Rodriguez, City Manager; or
b. Christina Cuervo, Assistant City Manager; or
c. Patricia D. Walker, Finance Director; or
d. Georgina P. Echert, Assistant Finance Director.
Section 2:
That the above individuals shall execute a signature page concerning the account, in
the format attached hereto as Exhibit "A."
PASSED and ADOPTED this 21st day of
October
,1998.
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CITY CLERK
APPROVED AS TO
FORM & LANGUAGE
& FOR EX~CUTION
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MAYOR
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. Attorney
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EXHIBIT "A"
SunTrust Bank/Miami, N.A.
All withdrawal of funds from the City of Miami Beach Cultural Arts Council account,
shall be by a duly prepared voucher and bearing two signatures as follows:
RODRIGUEZ, City Manager
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CHRISTINA CUERVO, Assistant City Manager
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PATRICIA D. WALKER, Finance Director
RGINA P. ECHERT, Assistant Finance Director
~ITY OF MIAMI BEACH
ITY HALL 1700 CONVENTION CENTER DRIVE MIAMI BEACH, FLORIDA 33139
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COMMISSION MEMORANDUM NO. 10 5 -q~
TO:
Mayor Neisen O. Kasdin and
Members of the City Commission
DATE: October 21,1998
FROM: Sergio Rodriguez
City Manager
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SUBJECT: A RESOLUT N OF THE MAYOR AND CITY COMMISSION OF THE
CITY OF MIAMI BEACH, FLORIDA, AUTHORIZING THE
ESTABLISHMENT OF A CHECKING ACCOUNT AT SUNTRUST BANK
ENTITLED "CITY OF MIAMI BEACH CULTURAL ARTS COUNCIL,"
TO PROVIDE FOR PAYMENTS TO CULTURAL ARTS COUNCIL GRANT
RECIPIENTS, AND FOR OPERATING AND OTHER COSTS; AND
REQUIRING TWO SIGNATURES FOR THE EXECUTION OF VOUCHERS.
ADMINISTRATION RECOMMENDATION
Adopt the Resolution.
BACKGROUND
On March 5, 1997, the Mayor and City Commission adopted on second and final reading Ordinance
No. 97-3075, creating and establishing the Miami Beach Cultural Arts Council (Council). The
Council has the mission of developing, coordinating, and promoting the performing and visual arts
in the City for the enjoyment, education, cultural enrichment and benefit ofthe residents and visitors
to the City.
On October 21, 1997, the Mayor and City Commission adopted Resolution No. 97-22560 approving
the funding source for the City of Miami Beach Cultural Arts Council. The funding source for the
Council is the investment income from a $10 million portion ofthe funds received from Miami-Dade
County in relation to the lnterlocal Agreement between the City and the County concerning the
Convention Development Tax, wherein the County, among other things, transferred to the City the
amount of $35 million for improvements to the Miami Beach Convention Center and Jackie
Gleason Theater of the Performing Arts and related projects and uses. Additional sources of
funding are $200,000 Resort Tax included in FYl998/99 Budget and an allocation of the Visitors
and Convention Authority existing fund balance.
DATE
ClD
I b~ 21-98
AGENDA ITEM
It should also be noted that, pursuant to the Ordinance establishing the Council, in addition to these
sources, the Council is actively seeking other revenue sources, which shall include private-sector
contributions and public grants.
ANALYSIS:
This resolution is necessary to establish a checking account.
CONCLUSION
It is recommended that the Mayor and City Commission approve the attached Resolution authorizing
the establishment of a checking account at SunTrust Bank entitled "City of Miami Beach Cultural
Arts Council" to maintain the revenue sources in a separate checking account.
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