RESOLUTION 91-20358 RESOLUTION NO. 91-20358
A RESOLUTION OF THE CITY COMMISSION OF THE
CITY OF MIAMI BEACH, FLORIDA, DESIGNATING THE
AMOUNT OF UP TO $2,000,000 PER FISCAL YEAR
COMMENCING WITH THE FISCAL YEAR BEGINNING
OCTOBER 1, 1991, 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, pursuant to Resolution No. 90-19984 adopted on May 9,
1990, the City of Miami Beach designated an additional amount of
$500, 000 as operations and maintenance expenses deficit over and
above the $2 , 500, 000 previously designated; and
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WHEREAS, the City of Miami Beach wishes to rescind Resolution
No. 90-19984 designating an additional amount of $500, 000, and to
pass this Resolution designating an additional amount of $2 , 000, 000
as operations and maintenance expenses deficit over and above the
$2 , 500, 000 previously designated under Resolution No. 89-19785.
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 $2 , 000, 000 during fiscal year 1991-92 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 $2 , 000, 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
$2 , 000, 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, 1991. Resolution No. 90-19984 adopted on
May 9, 1990 shall be rescinded effective October 1, 1991.
PASSED and ADOPTED this 11th day of September , 1991.
116
VICE—MAYOR
ATTEST: FORM APPROVED
LEGAL DEPT.
CITY CLERK
By
PNB: lm 07/91Date
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September 24, 1991
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* INCORP'ORATED * "V A CA TIONL A Nle U. S. A.
4..:,OFFICE OF THE CITY MANAGER CITY HALL
1700 CONVENTION CENTER DRIVE
TELEPHONE: 673-7010
COMMISSION MEMORANDUM NO. ,_5-9/
DATE: September 11, 1991
TO: Mayor Alex Daoud and
Members of the City Commission
FROM: Carla Bernabei Talarico
1,—....",,,
1
144,
City Manager
SUBJECT: EXCESS CI=TY SHARE RESOLUTION FOR CONVENTION CENTER FUNDING
This Resolution replaces Resolution No. 90-19984 which designated
an additional $500,000 over the $2,500,000 for the operating and
maintenance expense deficit of the Convention Center. This Reso-
E lution designates an additional $2,000,000 for a total of $4,500,000
to fund the deficit at the Convention Center. We anticipate that
$6,750,000 will actually be available and have budgeted that amount
from the Convention Development Tax; however, if additional funds
become available up to $4,500,000 we will be able to reduce the
City' s contribution from the Resort Tax.
ADMINISTRATION RECOMMENDATION
The Administration recommends that the City Commission adopt this
I Resolution designating $2,000,000 from the Convention Development
.
Tax to fund the operating and maintenance deficit at the Convention
Center.
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AGENDA �-/--.
ITEM -- 17 ✓
99-
DATE —//–9/
ORIGINAL
RESOLUTION J. 91-20358
Designating the amount of up to $2,000,000
per fiscal year commencing with the fiscal
year beginning October 1, 1991, as
additional Convention Center Operations and
Maintneance expenses deficit to be used by
the City from the Excess City Share Account,
as defined in Dade County Ordinance
No. 87-72.