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99-23421 RESO RESOLUTION NO. 99-23421 A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, PROVIDING AUTHORITY FOR SIGNING VOUCHERS ON FUNDS IN THE ACCOUNT WITH SPECTACOR MANAGEMENT GROUP (SMG) AT NATIONS BANK OF SOUTH FLORIDA, N.A., ENTITLED "CITY OF MIAMI BEACHfSMG CO- PROMOTION FUND ACCOUNT"AND RESCINDING RESOLUTION NO. 98-22629 WHEREAS, the City maintains an account with Nations Bank for co-promotion expenditures jointly approved by the City and Spectacor Management Group (SMG); and WHEREAS, the Mayor and City Commission wish to designate new signatories, due the changes in City Administration, who may execute vouchers in order to draw upon funds for the benefit of the City and SMG which requires that Resolution No. 98-22629 be rescinded. NOW THEREFORE, BE IT RESOLVED by the Mayor and City Commission of the City of Miami Beach, Florida: Section 1: That on and after the 18th day of December 1999, all withdrawals of funds from the City of Miami Beach/SMG Co-Promotion Fund Account described as follows: NATIONS BANK OF SOUTH FLORIDA. N.A. Account designated: "City of Miami Beach/SMG Co-Promotion Fund Account" shall be upon official vouchers duly prepared and bearing the various designations as given above, each bearing two signatures; one from the City and one from SMG as follows: CITY OF MIAMI BEACH By Lawrence A. Levy, as City Ma a er, or in his absence or inability to act for any reason By ~odJ. ,6cV'..to~~~ Mayra Diaz-Buttacavoli, Assistant City Manager SMG By --~~befGe~ai'i:1anager, or in his absence or inability to act for any reason By Section 2. That Resolution No. 98-22629, adopted on the 7th day of January, 1998, be and the same, is hereby rescinded and that all other resolutions or parts of resolutions in conflict herewith be and the same are hereby repealed. PASSED and ADOPTED this 15th day of December ,1999. If{ Mayor ATTEST: i4u,"\ t etLd,-,~ City Clerk APPROVED AS TO FORM & LANGUAGE & FOR EXECUTION /J/J fA! f),. It t2-lr/PJ r~ Date CITY OF MIAMI BEACH CITY HALL 1700 CONVENTION CENTER DRIVE MIAMI BEACH, FLORIDA 33139 http:\\ci.miami-beach.f1.us COMMISSION MEMORANDUM NO. ~ TO: Mayor Neisen O. Kasdin and Members of the City ommission DA TE: December 15, 1999 FROM: Sergio Rodriguez City Manager SUBJECT: A RESOLU 0 OF THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, PROVIDING AUTHORITY FOR SIGNING VOUCHERS ON FUNDS IN THE ACCOUNT WITH SPECT ACOR MANAGEMENT GROUP (SMG) AT NATIONS BANK OF SOUTH FLORIDA, N.A., ENTITLED "CITY OF MIAMI BEACHlSMG CO. PROMOTION FUND ACCOUNT" AND RESCINDING RESOLUTION NO. 98-22629 ADMINISTRA TION RECOMMENDATION Adopt the Resolution ANAL YSIS The Administration recommends that the City Commission approve the authorization for the signing of vouchers drawn on funds in the City of Miami Beach/SMG Co-promotion Fund Account. The attached resolution is being updated due to change in authorized signers. This account is for co-promotion expenditures jointly approved by the City and SMG. Proposed changes incorporated in this resolution are necessary to properly reflect current authorized signatures. This resolution should be approved to provide continuity for signing of vouchers on this account. ~ f~GPE:OdP AGENDA ITEM C7~ J 2 -l $-'1Cj DATE