2000-24016 RESO
RESOLUTION NO. 2000-24016
A RESOLUTION OF THE MAYOR AND CITY
COMMISSION OF THE CITY OF MIAMI BEACH,
FLORIDA, APPROPRIATING $300,000 TO THE SHANE
WATERSPORTS CENTER FROM UNDESIGNATED FUND
BALANCE OF THE GENERAL FUND
WHEREAS, funding of $300,000 for improvements to the Shane Watersports Center
was originally included in the General Obligation Bonds project list as approved by the Mayor
and City Commission and authorized by the electorate on November 2, 1999; and
WHEREAS, the Shane Watersports Center is owned by the City but operated under a
long-term lease with the Miami Beach Watersports Center, Inc., therefore making it ineligible to
receive General Obligation Bond funds; and
WHEREAS, these funds were programmed for the expansion of the
conference/community room on the south side of the building, enlarging the boat storage area
and beautifying the parking lot area; and
WHEREAS, it is recommended that the City substitute $300,000 from the General Fund
undesignated fund balance for the previously committed General Obligation Bond funds;
WHEREAS, this item was reviewed by the Finance & Citywide Projects Committee at
their ofJune 6, 2000;
WHEREAS, they approved the substitution of funds and recommended that the Mayor
and City Commission approve the appropriation of $300,000 from the General Fund
Undesignated Fund Balance.
NOW, THEREFORE, BE IT DULY RESOLVED BY THE MAYOR AND CITY
COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, that $300,000 be
appropriated to the Shane Watersports Center from the Undesignated Fund Bahmce of the
General Fund.
PASSED AND ADOPTED THIS 26th
~OF
Mayor
July
2000.
Attest:
~} Pcudcv\
City Clerk
APPROVED AS 10
FORM & LANGUAGE
& FOR EXECUTION
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CITY OF MIAMI BEACH
1700 CONVENTION CENTER DRIVE. MIAMI BEACH FL 33139-1824
http:\\ci.miami.beach.fl.us
COMMISSION MEMORANDUM NO.~~
TO:
Mayor Neisen O. Kasdin and DATE: July 26, 2000
Members of the City Commission
Lawrence A. Levy Q. ':JY6
City Ma~V
A RES~'flON OF THE MAYOR AND CITY COMMISSION
APPROPRIATING $300,000 TO THE SHANE WATERSPORTS
CENTER FROM UNDESIGNA TED FUND BALANCE OF THE
GENERAL FUND
FROM:
SUBJECT:
ADMINISTRATION RECOMMENDATION
Adopt the Resolution.
ANALYSIS
Funding of $300,000 for improvernents to the Shane Watersports Center was originally included
in the General Obligation Bonds project list as approved by the Mayor and City Commission and
authorized by the electorate on November 2, 1999. The Shane Watersports Center is owned by
the City but operated under a long-term lease with the Miami Beach Watersports Center, Inc.
therefore, making it ineligible to receive General Obligation Bond funds. These funds were
programmed for the expansion of the conference/community room on the south side of the
building, enlarging the boat storage area and beautifying the parking lot area. As a result, it is
recommended that the City substitute $300,000 from the General Fund undesignated fund
balance for the previously comrnitted General Obligation Bond funds.
This item was reviewed by the Finance & Citywide Projects Committee at their meeting of June
6, 2000. They approved the substitution of funds and recommended that the full Commission
approve the appropriation of $300,000 from the General Fund Undesignated Fund Balance.
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AGENDA ITEM C79
DATE-=r-~~