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97-22609 RESO Resolution No, 97-22609 A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, APPROVING THE APPROPRIATION OF $2.5 MILLION FOR THE CONSTRUCTION OF THE PROPOSED MIAMI CITY BALLET FACILITY FROM TOURIST CONVENTION CENTER EXPANSION AUTHORITY (TCCEA) FUNDS AS PART OF THE PROPOSED CULTURAL ARTS COMPLEX; FURTHER AUTHORIZING THE EXPENDITURE OF SAID FUNDS, WHEREAS, in April, 1994, the Mayor and City Commission executed a Ground Lease Agreement (Ground Lease) between the City of Miami Beach and the Miami City Ballet, Inc., for a proposed permanent facility, which terms included a grant from the Tourist Convention Center Expansion Authority (TCCEA) the form of a matching grant, up to $2.5 million, to pay for developing the land and constructing the building; and WHEREAS, on June 18, 1997, the Mayor and City Commission approved a First Amendment to Ground Lease changing the location of the designated site for the proposed Ballet facility to the Collins Park District of Miami Beach; and WHEREAS, on October 21,1997, the Mayor and City Commission approved a Second Amendment to Ground Lease providing, among other things, that the Ballet must have $2.5 million in matching cash and/or pledges available prior to the disbursement of the City's $2.5 million grant; and WHEREAS, a report by the City Manager to the Mayor and City Commission on November 19, 1997 presented the Convention Center Capital Plan, which includes $2.5 million targeted for the proposed Ballet facility; and WHEREAS, on June 11, 1997, the Tourist Convention Center Expansion Authority (TCCEA) approved the motion to set aside $2.5 million for the development and construction of the Miami City Ballet facility. 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 herein approve the appropriation of $2.5 million for the construction of the proposed Miami City Ballet facility as part of the proposed Cultural Arts Complex; further authorizing the expenditure of said funds, said source of funding to be provided from the Tourist Convention Center Expansion Authority (TCCEA) PASSED AND ADOPTED this 17th d f Dee"1997. ATTEST: ~~~ VCUJv-- CITY CLERK M APPROVED AS TO FORM & LANGUAGE & FOR EXECUTION 111 fj/~ C , Attornev llfs/9 7 Date I ~ITY OF MIAMI BEACH :ITY HALL 1700 CONVENTION CENTER DRIVE MIAMI BEACH, FLORIDA 33139 ttp:\\ci.miam i-beach. fl. us COMMISSION MEMORANDUM NO, IlL - 9, TO: Mayor Neisen 0, Kasdin and Members of the City Commission DATE: December 17,1997 FROM: Jose Garcia-pedr:Ojfa City Manager A RESOLUTIO F THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BE CH, FLORIDA, APPROVING THE APPROPRIATION OF $2.5 MILLION FOR THE CONSTRUCTION OF THE PROPOSED MIAMI CITY BALLET FACILITY FROM TOURIST CONVENTION CENTER EXPANSION AUTHORITY (TCCEA) FUNDS AS PART OF THE PROPOSED CULTURAL ARTS COMPLEX; FURTHER AUTHORIZING THE EXPENDITURE OF SAID FUNDS. SUBJECT: ADMINISTRATION RECOMMENDATION: Approve the resolution. BACKGROUND: On April 13, 1994, the Mayor and City Commission executed a Ground Lease Agreement between the City of Miami Beach and the Miami City Ballet, Inc., for the proposed permanent facility, which included in Section 27.01 a commitment of funds up to $2,5 million from funds previously committed by TCCEA to pay the cost of developing the land and constructing the building in the form of a matching grant (the Grant). The Ground Lease was amended on June 18, 1997 by the Mayor and City Commission changing the location of the designated site for the proposed permanent facility for the Miami City Ballet to the Collins Park District of Miami Beach. The-Ground Lease was further amended on October 21, 1997 by the Mayor and, City Commission and identified and designated the site for the proposed Miami City Ballet permanent facility, and further clarified certain terms and conditions of the ground lease agreement as well as incorporated the terms of the construction agreement. Included among the amendment was a provision that the tenant has $2.5 million in cash and pledges available prior to the disbursement of the Grant. Further, a report by the City Manager to the Mayor and City Commission on November 19, 1997 presented the Convention Center capital plan which included the $2.5 million for the Miami City Ballet facility. AGENDA ITEM C- I A DATEJ'2--lj-9, I ANAL YSIS: On November 12, 1997, a memorandum from the Miami City Ballet to the City reported that the required 1:1 matching funds have been secured. The Administration has reviewed the documents and confirms that cash and pledges have been received. The Miami City Ballet has requested that the City make the $2.5 million grant available by January 5, 1998 in order to submit a strong grant application to the State of Florida for an additional $500,000. On June 11, 1997, TCCEA agreed to fund $2.5 million for the development and construction of the Miami City Ballet facility. The appropriation and expenditure of these funds will enable land development and construction of the facility for the Miami City Ballet. CONCLUSION: Approve the resolution to authorize the appropriation and expenditure of $2.5 million for construction of the Miami City Ballet building as part of the Cultural Arts Campus. J~~