MB RDA MINUTE JUNE 21, 1989 MIAMI BEACH REDEVELOPMENT AGENCY MEETING
JUNE 21, 1989 - 9:00 A.M.
CITY HALL COMMISSION CHAMBERS
INDEX TO MINUTES OF MEETING
Cq
RESOLUTION PAGE
--7 NO. NO.
1. Roll Call - Meeting called to order at 11:10 a.m. All 1
members present except Mr. Shockett.
2. Acceptance of Minutes of June 7, 1989. 1
3. Report of Executive Director 1-2
Executive Director submitted oral and written reports:
a. Old Police Station Development Project - Agency iq
proceeding with process of issuing tax exempt
bonds. Resolutions presented to Agency (5a.) and
Commission (R-7B) today were adopted and authorize
issuance of not more than $7 million M.B.
Redevelopment Agency tax increment financing
bonds. Metropolitan Dade County has approved
(second reading and resolution) proceeding with
issuance of the bonds.
Cobb Pariners has presented preliminary design to
staff which will be presented at the Design Review
Board' s 7/18/89 meeting.
Cobb Partners has advised of their intention to
exercise their option to develop Block 53, OCEAN
BEACH ADDIT[ON NO. 3.
b. South Pointe Elementary School - The old South 2
Beach Elemen,,.pry School building has been
demolished as well as buildings which have been
acquired for the site of the new school.
4. Old Business
a. Bi-Weekly Finance Report opy of report filed 2
(C
with records of meeting.)
5. New Business
a. Redevelopment Agency Memorandum No. 89-9 2-6
81-89 Resolution adopte0 amending and restating Res. No.
78-7, adopted by the Miami Beach Redevelopment
Agency on 8/8/78 as amended, in its entirety;
authorizing the issuance of not more than
$7,000,000 in agg gate principal amount of Miami
Beach Redevelopme, t Agency Tax Increment Revenue
Bonds, Series 1984, for the purpose of financing
the acquisition and clearing of certain property
and the construct ion of certain related public
improvements; pledging the revenues deposited to
the Redevelopment Trust Fund and certain other
moneys to the payment of said bonds; providing for
the issuance of additional bonds on a parity
therewith; providing for the rights and security
of all bonds issued pursuant to this resolution;
providing certain details of the Series 1989
bonds; delegating certain matters in connection
with the issuance of the Series 1989 bonds to the
Chairman of the Agency; approving the form and
execution of the private placement agreement and
commitment letter for the Series 1989 bonds;
approving the form of preliminary private
placement memorandum for the Series 1989 bonds and
authorizing execution of the final private
placement memorandum for the Series 1989 bonds;
authorizing officials of the Agency to take all
necessary actions in connection with the issuance
of the Series 1989 bonds; and providing for an
effective date. (resolution prepared by bond
counsel)
PAGE TWO
MIAMI BEACH REDEVELOPMENT AGENCY MEETING
JUNE 21, 1989
INDEX TO MINUTES OF MEETING (CONTINUED)
RESOLUTION PAGE
NO. NO.
5. New Business (continued)
b. Redevelopment Agency Memorandum No. 89-10 2-7
82-89 Resolution (of the City Commission) adopted
endorsing the concept of the development of the
South Pointe Library with the Miami Bearh
Redevelopment Agency as the eligible sponsor,
certifying said project as consistent with local
plans and regulations for the purpose of applying
for certain corporate tax credits under Florida
law.
6. Report of Agency Attorney - Mr. Weiner reported that 7
Carner-Mason and Summit Group continue to negotiate
toward a closing on the marina.
7. Adjournment - Time: 11:40 a.m. 8
Next meeting: Wed., July 12, 1989
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