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11-25-1987 Special MeetingSPECIAL COUNCIL MEETING MIAMI SHORES VILLAGE COUNCIL NOVEMBER 25, 1987 A Special Meeting of the Miami Shores Village Council was held on Wednesday, November 25, 1987, at Village Hall commencing at 8:05 a.m. with the following members present: Mayor Spero Canton Stephen Loffredo Robert S. Butler, Jr. Karen Kirby Absent Marty Stofik Also present Elly F. Johnson, Village Manager William F. Fann, Jr., Village Attorney Franklin Grau, President, Miami Shores Mainstreet, Inc. Mayor Canton explained this was a follow-up meeting to further discuss approval to enter into a purchase option of the Miami Shores Theater. Mr. Grau requested $10,000 funds at this time citing time restraints and deadlines: The seller would be out of town for 3 weeks, deadline for the submission of an application for a cultural facilities development grant from the Secretary of State, and the pending announcement of the Ruth Forman Theater season In February. He presented the proposed option to purchase. Mrs. Kirby questioned the purchase of the lease If the Ruth Forman Theater did not succeed. Mr. Grau advised that lesser known theater groups are being considered. Mr. Loffredo stated the purpose of the option was to establish a community resource not a home for one Theater. He did not want the theater tied up exclusively with one group. Mr. Grau explained part of the overall plan was to ,reach an agreement with the Ruth Forman Theater, however, 'what was stipulated in the lease agreement had not been decided. Mr. Grau explained that Florida Mainstreet, Inc. was a corporation with a Board of Directors commited to doing what the Council wanted done with the protect. It would be the understanding of the Corporation that the person who signs as the purchaser agrees that the lease will be assigned to the Village. He advised that the rent for the Ruth Forman Theater would be more than the $25,000 yearly lease. Mr. Johnson commended the project and recommended that If the Council made an Investment in renovation of the pro- perty that the property be purchased. Mr. Fann stated Miami Shores was not a party to the agreement. Dr. Butler made a motion to approve $10,000 with the stipulation that the contract be amended to clearly state assignment to the Village at time of purchase. Mr. Loffredo second the motion. Mr. Bill Walker, 576 N.E. 97th Street, questioned the basis for the Council providing funds. Mr. Edgar Bundy, 269 N.E. 100th Street, expressed concern about the Investment and the financial stability of theater groups. He recommended further study. Mr. Edward Harrigan, 260 N.E. 99th Street, questioned providing monies to a corporation when little Information was known. Mr. Loffredo explained that the Council Is attempting to do something about the complaints on the current situation at the Theater even If voters later decided not to approve It by a referendum. Dr. Butler advised the risk was worth the potential benefit. Mrs. Kirby stated although she supported the concept she wanted more information. The motion passed by a 3/1 vote with Mrs. Kirby dissenting. The meeting adjourned at 9:00 a.m. ATTEST: Elly F. Johnson Village Manager BY: Aria Clayton Deputy Village Clerk Sp.ro Cant M -. or