RESOLUTION 89-19493 RESOLUTION NO. 89-19493
A RESOLUTION OF THE CITY COMMISSION OF
THE CITY OF MIAMI BEACH AMENDING AND
SUPERSEDING RESOLUTION NO. 88-19430 BY
INCREASING THE SUM OF $2.0 MILLION TO
$2.3 MILLION TO BE USED BY THE CITY FROM
THE EXCESS CITY SHARE ACCOUNT AS DEFINED
IN DADE COUNTY ORDINANCE NO. 87-72 (FOR
STEPHEN MUSS CONVENTION CENTER EXPANSION
BONDS) FOR THE PURPOSE OF FUNDING THE
OPERATIONS AND MAINTENANCE OF THE STEPHEN
MUSS CONVENTION CENTER AS PROVIDED IN
SECTION 212 . 0305, FLORIDA STATUTES
(1988) .
WHEREAS, Dade County Ordinance No. 87-72 adopted by the
Board of Dade County Commissioners on October 20, 1987 (the "Bond
Ordinance") and the Second Amended and Restated Interlocal
Agreement by and between Dade County, Florida and the City of
Miami Beach for the Financing of Expansions and Improvements to
the Miami Beach Convention Center (now the Stephen Muss
Convention Center) dated October 12 , 1987, each provide by their
terms that:
(a) The City of Miami Beach (the "City") has the right to
substitute its pledge of its Public Service Taxes
levied pursuant to Florida Statutes section 1f,6. 231
for the secondary pledge of the Local Government Half
Cent Sales Tax revenues originally pledged as a
secondary pledge by Dade County (the "County") for
repayment of the Convention Center Expansion Bonds (the
"Bonds" . )
(b) Upon substitution of the City's secondary pledge for
the County' s secondary pledge (defined as "Crossover"
in the Bond Ordinance) , the City has the right to use
the Excess City Share (as defined in the Bond
Ordinance) of the Convention Development Tax Revenues
for any purpose under Florida Statutes, section
212 . 0305 (the "Convention Development Tax Law") ; and
WHEREAS, the City, pursuant to Resolution No. 88-19429,
adopted November 2 , 1988, substituted its secondary pledge for
the County' s secondary pledge; and
WHEREAS, on November 2, 1988 , the City Commission of the
City of Miami Beach adopted Resolution No. 88-19430, designating
the sum of $2 . 0 million to be used by the City from the excess
City Share Account for the purpose of funding the operations and
maintenance of the Stephen Muss Convention Center; and
WHEREAS, since the date of adopting Resolution No. 88-19430
the City has determined that the operational expenses for the
Stephen Muss Convention Center will increase due to the need for
a tram service and directional/informational personnel and
accordingly the City wishes to increase the designation from $2 . 0
million to a maximum dollar amount of $2 . 3 million for the City's
fiscal year ending September 30, 1989 ; and
(89-19493)
WHEREAS, the City wishes this Resolution to continue in full
force in effect from fiscal year to fiscal year (the City's
fiscal year being October 1 - September 30) at the maximum yearly
dollar amount of $2 . 3 million, unless the City passes a
resolution superseding this Resolution.
NOW, THEREFORE, BE IT DULY RESOLVED BY THE CITY COMMISSION
OF THE CITY OF MIAMI BEACH, FLORIDA:
1. The City hereby designates as a purpose for the use of
the Excess City Share, under Dade County Ordinance 87-72 , the
funding of the operations and maintenance of the Stephen Muss
Convention Center, in accordance with the Convention Development
Tax Law, and
2 . The maximum dollar amount for the above described
purpose shall be $2 . 3 million for the City' s fiscal year ending
September 30, 1989, and
3 . This Resolution shall continue in full force in effect
from fiscal year to fiscal year in the maximum yearly dollar
amount of $2 . 3 million, until such time as the City Commission
passes a resolution superseding this Resolution.
4 . This Resolution shall amend and supersede Resolution
No. 88-19430 adopted on November 2 , 1988 .
PASSED and ADOPTED this 4th day of January , 1989 .
/ ELL
MAYOR
K0.1 ..
4 ‘. 4.1'11;1/1'
City Clerk
PNB/mml
1/3/89
FORM APPROVED
LEGAL DEPT.
BY
Data //3 Aft
ORIGINAL
RESOLUTION NO. 89-19493
(Amending and superseding Res. #88-19430
by increasing the sum of $2.0 million to
$2.3 million to be used by the City from
the excess City share account as defined
in Dade County Ordinance No. 87-72 (for
Stephen Muss Convention Center Expansion
Bonds) for the purpose of funding the
operations and maintenance of the Stephen
Muss Convention Center as provided in
§212.0305, Florida Statutes (1988))