RESOLUTION 90-19984 RESOLUTION NO. 90-19984
A RESOLUTION OF THE CITY COMMISSION OF THE CITY
OF MIAMI BEACH, FLORIDA, DESIGNATING THE AMOUNT
OF UP TO $500,000 PER FISCAL YEAR COMMENCING
WITH THE FISCAL YEAR BEGINNING OCTOBER 1, 1990,
AS ADDITIONAL CONVENTION CENTER OPERATIONS AND
MAINTENANCE EXPENSES DEFICIT TO BE USED BY THE
CITY FROM THE EXCESS CITY SHARE ACCOUNT, AS
DEFINED IN DADE COUNTY ORDINANCE NO. 87-72 .
WHEREAS, on November 8, 1989, the City of Miami Beach (the
"City") adopted Resolution No. 89-19785, which consolidated and
restated Resolutions Nos. 88-19430, 89-19493 , 89-19566, 89-19623 ,
89-19668 and 89-19694, designating the purposes for which the
Excess City Share of the Convention Development Tax shall be used
pursuant to Dade County Ordinance No. 87-72 and the Second Amended
and Restated Interlocal Agreement by and between Dade County,
Florida, and the City of Miami Beach, dated October 12 , 1987 ; and
WHEREAS, Resolution No. 89-19785 provided, in paragraphs 2 (ii)
and 3 (iii) thereof, that the annual operating and maintenance
expenses deficit related to the Miami Beach Convention Center would
be funded in the amount of $2 , 500, 000 for each fiscal year after
the City's 1988-89 fiscal year; and
WHEREAS, Resolution No. 89-19785 provided, in paragraphs 2 (iv)
and 3 (iii) thereof, that the City shall have the right to adopt a
Resolution to use the Excess City Share for any operations and
maintenance expenses deficit in excess of the $2 , 500, 000 provided
for in paragraphs 2 (ii) and 3 (iii) ; and
WHEREAS, the City of Miami Beach wishes to designate an
additional amount of $500, 000 as operations and maintenance
expenses deficit over and above the $2 , 500, 000 previously
designated.
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NOW, THEREFORE, BE IT DULY RESOLVED BY THE CITY COMMISSION OF
THE CITY OF MIAMI BEACH, FLORIDA.
1. The City Commission hereby designates as a purpose for
use of the Excess City Share pursuant to paragraphs 2 (iv) and
3 (iii) of Resolution No. 89-19785 additional operations and
maintenance expenses deficit for the Miami Beach Convention Center.
2 . Monthly payments for the annual operating and maintenance
expenses deficit related to the Convention Center shall be in an
amount equal to 1/12th of $500, 000 during fiscal year 1990-91 and
each fiscal year thereafter, provided that if in any given month
a shortage of available revenues in the Excess City Share results
in a deficiency in the making of the necessary monthly payment
under this paragraph, then in addition to the regular monthly
payment required by this paragraph, such additional amounts as
necessary to make up any such deficiency shall be paid during the
next succeeding month(s) in which adequate revenues to do so are
available in the Excess City Share.
3 . The amount of $500, 000 provided for in paragraph 2 above
shall be in addition to the amount of $2, 500, 000 provided for under
paragraphs 2 (ii) and 3 (iii) of Resolution No. 89-19785.
4 . This Resolution shall continue in full force and effect
from fiscal year to fiscal year in the maximum annual amount of
$500, 000 until such time as the City Commission passes a resolution
superseding this Resolution.
5. The City Manager shall forthwith inform the Trustee under
Dade County Ordinance No. 87-72 of this Resolution by delivering
to the Trustee a certified copy hereof, and the Trustee shall
thereafter make payment of the Excess City Share as set forth
herein.
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6. This Resolution shall become effective immediately upon
adoption, but funding pursuant to this Resolution shall not
commence until October 1, 1990.
PASSED and ADOPTED this 9th day of May, 1990.
i‘e- /11,
1 ‘&140./
FORM APPROVE
ATTEST:
3� ,R7(./Z, LEGAL DEPT.
CITY CLERK
Date --`5.74/2-2
PNB/lm
(Requested by Commissioner Martin Shapiro)
050190A
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ORIGINAL
RESOLUTION NO. 90-19984
Designating the amount of up to $500,000
per fiscal year commencing with the
fiscal year beginning October 1, 1990, as •
additional Convention Center operations
and maintenance expenses deficit to be
used by the City from the excess City
Share Account, as defined in Dade County
Ordinance NO. 87-72.