Miami-Dade Legislative Item
File Number: 032971
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File Number: 032971 File Type: Resolution Status: Amended
Version: 0 Reference: Control: County Commission
File Name: BALLPARK FOR FLORIDA MARLINS Introduced: 10/28/2003
Requester: NONE Cost: Final Action:
Agenda Date: 11/4/2003 Agenda Item Number: 10A5
Notes: SEE 033058 FOR FINAL VERSION AS ADOPTED Title: RESOLUTION PLEDGING AVAILABLE CONVENTION DEVELOPMENT TAX AND PROFESSIONAL SPORTS FRANCHISE FACILITY TAX PROCEEDS FOR THE DEVELOPMENT AND CONSTRUCTION OF BALLPARK FOR FLORIDA MARLINS, L.P.; APPROVING CERTAIN CONDITIONS AND AUTHORIZING COUNTY MANAGER TO NEGOTIATE ANY AND ALL RELATED AGREEMENTS SUBJECT TO FINAL BOARD APPROVAL [SEE AGENDA ITEM NO. 11B9]
Indexes: CONVENTION DEVELOPMENT TAX REVENUES
  FLORIDA MARLINS
Sponsors: Dr. Barbara Carey-Shuler, Prime Sponsor
  Jose "Pepe" Diaz, Co-Sponsor
  Sally A. Heyman, Co-Sponsor
  Dennis C. Moss, Co-Sponsor
  Dorrin D. Rolle, Co-Sponsor
  Rebeca Sosa, Co-Sponsor
  Sen. Javier D. Souto, Co-Sponsor
Sunset Provision: No Effective Date: Expiration Date:
Registered Lobbyist: None Listed


Legislative History

Acting Body Date Agenda Item Action Sent To Due Date Returned Pass/Fail

Board of County Commissioners 11/4/2003 10A5 Amended
REPORT: See Report Under Agenda Item 10A5 Amended, Legislative File No. 033058.

County Attorney 10/28/2003 Assigned Gerald T. Heffernan 10/28/2003

Legislative Text


TITLE
RESOLUTION PLEDGING AVAILABLE CONVENTION DEVELOPMENT TAX AND PROFESSIONAL SPORTS FRANCHISE FACILITY TAX PROCEEDS FOR THE DEVELOPMENT AND CONSTRUCTION OF BALLPARK FOR FLORIDA MARLINS, L.P.; APPROVING CERTAIN CONDITIONS AND AUTHORIZING COUNTY MANAGER TO NEGOTIATE ANY AND ALL RELATED AGREEMENTS SUBJECT TO FINAL BOARD APPROVAL

BODY
WHEREAS, this Board desires to provide financial support for the development and construction of a ballpark for the Florida Marlins, L.P. at a cost that is not anticipated to exceed, excluding the cost of land, $325 million ("Ballpark"),
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF MIAMI-DADE COUNTY, FLORIDA, that:
Section 1. The County agrees to pledge Convention Development Tax proceeds ("CDT") in an amount sufficient to secure $35 million of indebtedness and Professional Sports Franchise Facility Tax proceeds ("PST") in an amount sufficient to secure $38 million of indebtedness for the development and construction of the Ballpark for the Florida Marlins, L.P. (Team) if (i) the Team will contribute $137 million towards the development and construction of the Ballpark subject to the Team receiving financing upon reasonable terms; (ii) prior to March 15, 2004, a financing plan shall be finalized for the Ballpark; and (iii) the Team will be responsible for any and all Ballpark construction cost overruns subject to having control of the Ballpark design and construction.
Section 2. In the event the conditions set forth in Section 1 are not met, the pledge will be null and void.
Section 3. The Board hereby authorizes the County Manager to negotiate all required agreements with the Team and other parties for subsequent Board approval.



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