Resolution 2024-33354 RESOLUTION NO. 2024-33354
A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF
THE CITY OF MIAMI BEACH, FLORIDA, AMENDING
RESOLUTION NO. 2024-33347 AND APPROVING, IN
SUBSTANTIAL FORM, THE SIXTH AMENDMENT TO THE
INTERLOCAL COOPERATION AGREEMENT DATED
NOVEMBER 16, 1993, BY AND AMONG THE CITY OF MIAMI
BEACH (THE "CITY"), MIAMI-DADE COUNTY (THE "COUNTY"),
AND THE MIAMI BEACH REDEVELOPMENT AGENCY (THE
"RDA"), RELATING TO THE CITY CENTER/HISTORIC
CONVENTION CENTER VILLAGE REDEVELOPMENT AND
REVITALIZATION AREA (THE "CITY CENTER RDA"), AS
REVISED PURSUANT TO RESOLUTION NO. R-1002-24 BY THE
BOARD OF COUNTY COMMISSIONERS ON NOVEMBER 6, 2024
(THE "REVISED SIXTH AMENDMENT"); AND FURTHER
AUTHORIZING THE CITY MANAGER TO FINALIZE, AND THE
CITY MANAGER AND CITY CLERK TO EXECUTE, THE REVISED
SIXTH AMENDMENT IN THE FORM APPROVED BY THE CITY
ATTORNEY.
WHEREAS, on January 26, 1993, Miami-Dade County (the "County") adopted
Resolution No. R-14-93, which (i) designated the City Center Redevelopment Area ("City
Center RDA") as a "blighted area" within the meaning of Part III of Chapter 163, Florida
Statutes, and (ii)delegated certain powers to the City of Miami Beach, pursuant to Section
163.410, Florida Statutes, to allow the City Commission, either directly or through the
Miami Beach Redevelopment Agency ("RDA"), to exercise such powers for the
redevelopment of the area; and
WHEREAS, on February 3, 1993, the City adopted Resolution No. 93-20709,
which established the RDA and designated the City Commission as its members; and
WHEREAS, on February 12, 1993, the City adopted Resolution No. 93-20721,
approving the RDA's City Center/Historic Convention Village Redevelopment and
Revitalization Area Plan (the "Redevelopment Plan") to revitalize the City Center RDA;
and
WHEREAS, the City and County subsequently entered into the original Interlocal
Cooperation Agreement (the "RDA Interlocal Agreement"), executed on November 16,
1993, under which the County delegated to the City certain redevelopment powers,
including the creation of the Redevelopment Area and implementation of the
Redevelopment Plan; and
WHEREAS, the RDA Interlocal Agreement has been amended five times
previously; and
WHEREAS, in connection with the proposed issuance of refunding bonds (the
"Refunding Bonds") by the RDA to refund a portion of the RDA's Tax Increment Revenue
and Revenue Refunding Bonds, Series 2015A (City Center/Historic Convention Village),
which refunding will generate debt service savings, it is necessary to further amend the
RDA Interlocal Agreement through the Sixth Amendment (the "Sixth Amendment"); and
WHEREAS, the Sixth Amendment, among other revisions, amends provisions
relating to the distribution of Trust Fund Revenues by removing the requirement that
beginning in Fiscal Year 2023-24, excess revenues must be used to pay down "Agency
Indebtedness" (including bonds issued by the RDA), and instead directs the use of such
revenues as outlined in Sections H, I, and J of Paragraph XII of the Interlocal Agreement,
as described in the Sixth Amendment; and
WHEREAS, the Sixth Amendment also facilitates the construction of the
Convention Center Hotel ("Convention Center Hotel Grant Agreement") and includes
provisions regarding the disposition of RDA Trust Fund funds starting in FY 2037; and
WHEREAS, the Sixth Amendment was initially approved by the Board of County
Commissioners on October 16, 2024, under Resolution No. 952-24, and by the City
Commission and the RDA on October 30, 2024, under Resolution Nos. 2024-33347 and
697-2024, respectively; and
WHEREAS, on November 6, 2024, the Board of County Commissioners voted to
reconsider and revise the previously approved Sixth Amendment and the Convention
Center Hotel Grant Agreement, as outlined in this Resolution; and
WHEREAS, the revisions to the Sixth Amendment and the Convention Center
Hotel Grant Agreement, adopted by the Board of County Commissioners on November
6, 2024, under Resolution R-1002-24, were transmitted to the City of Miami Beach and
the RDA for further consideration; and
WHEREAS, the revised Sixth Amendment (the "Revised Sixth Amendment")
stipulates that by March 31, 2025, the RDA shall provide the County with the entire
surplus balance, up to $10 million, from the available RDA trust fund balance as of
September 30, 2024, to support the construction and operation of housing for homeless
persons and facilities for survivors of domestic violence; and
WHEREAS, the Revised Sixth Amendment also modifies the Convention Center
Hotel Grant Agreement to allocate 50% of the Participation Payments, previously
designated for the City, to the County, specifically for funding supportive housing for
individuals and families experiencing homelessness and facilities for domestic violence
survivors; and
WHEREAS, the Revised Sixth Amendment further revises the Hotel Grant
Agreement to reallocate 50% of the 2% Transfer Fee, previously allocated to the City, to
the County for the same purpose of funding supportive housing and domestic violence
centers.
NOW, THEREFORE, BE IT DULY RESOLVED BY THE MAYOR AND CITY
COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, that the Mayor and City
Commission hereby amend Resolution No. 2024-33347, and approve, in substantial form,
the Sixth Amendment to the Interlocal Cooperation Agreement dated November 16, 1993,
by and among the City of Miami Beach (the "City"), Miami-Dade County (the "County"),
and the Miami Beach Redevelopment Agency (the "RDA"), relating to the City
Center/Historic Convention Center Village Redevelopment and Revitalization Area (the
"City Center RDA"), as revised by the Board of County Commissioners pursuant to
Resolution No. R-1002-24 on November 6, 2024 (the "Revised Sixth Amendment"); with
the Revised Sixth Amendment attached as Exhibit "A" to this Resolution; and further
authorize the City Manager to finalize, and the City Manager and City Clerk to execute,
the Revised Sixth Amendment in the form approved by the City Attorney.
PASSED AND ADOPTED this fff day of November, 2024.
ATTEST: •
NOV 2 1 7024 Steven Meiner, Mayor
Rafael E. Granado, City Clerk
INCORPOR ED
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APPROVED AS TO
FORM & LANGUAGE
&FOR EXECUTION
4 01,. i‘iirta`t
Date
City Attorney