R7A-Execute Agmts Mount Sinai-s Emergency Room Expansion Project -Weithorn-R7 - Resolutions
R7A A Resolution Approving And Authorizing The Manager To Take The Following Actions,
Subject To And Conditioned Upon The Successful Negotiation Between The City And
Mount Sinai Medical Center Of Florida, lnc. ("Mount Sinai") Of The Grant Agreement
And Lease Agreement (Both As Hereinafter Defined): 1) Authorizing A Grant
Contribution To Mount Sinai, ln An Amount Between $15,000,000 And $18,750,000
(The -Grant Contribution"), Payable OverATerm Of 15 Years, ForThe Sole Purpose
Of Reimbursing Mount Sinai For Costs Associated With Mount Sinai's Emergency
Room Expansion Project (The "Project"); 2) Covenanting To Annually Budget And
Appropriate Funds From Legally Available Non-Ad Valorem Revenues To Pay Such
Grant Contribution; 3) Delegating Authority To The City Manager To Negotiate The
Final Terms Of The Grant Contribution Agreement With Mount Sinai ("Grant
Agreement"); 4) AIso Delegating Authority To The City Manager To Negotiate A Lease
Agreement With Mount Sinai For The City's Emergency Management Office, With
Such Leased Premises Having Up To 2000 Square Feet, To Be Located ln The New
Emergency Room Facility, For A Term Of 30 Years And $1 Per Year Rent ("Lease
Agreement"); And 5) Further Directing The Mayor And City Clerk To Execute The
Grant Agreement And Lease Agreement Upon Conclusion Of Successful Negotiations.
5:45 p.m. Public Hearinq
(Sponsored by Commissioner Deede Weithorn)
(Legislative Tracking: Finance)
(Deferred from May 21, 2014)
(Memorandum & Resolution to be Submitted in Supplemental)
Asenda tt"^ R7 A
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