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82-17213 • RESOLUTION NUMBER 82-17213 A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, AUTHORIZING AND DIRECTING THE EXECUTION OF AN AGREEMENT BETWEEN THE CITY OF MIAMI BEACH AND THE MIAMI BEACH DEVELOPMENT CORPORATION FOR THE PURPOSE OF FUNDING A HOTEL REHABILITATION FINANCING PROGRAM AND OUTREACH PROGRAM WHEREAS, the City of Miami Beach, hereinafter referred to as the "City", is authorized by Commission Memorandum Number 5467 dated January 21, 1976 to prepare an Application for a Community Development Block Grant, hereinafter referred to as "CDBG Funds" and to design and implement such systems as are necessary to insure that the Community Development Program is developed, conducted and administered in accordance with Title I of the Housing and Community Development Act of 1974, as amended, and any Federal Regulations promulgated thereunder, as well as applicable State and Local Authorities, and in such capacity is authorized to enter into and execute agreements with other Departments and Agencies within the City; and WHEREAS, the City has duly submitted the Year Eight Final Statement of Objectives and Projected Use of Funds to the United States Department of Housing and Urban Development, hereinafter referred to as "HUD", for a total of $3,090,562 in block grant resources; of which $2,053,000 are Year Eight entitlement funds and $1,037,562 are reprogrammed prior year funds; and WHEREAS, the City has determined the need to rebuild the hotel industry on Miami Beach, through a coordination of new construction and rehabilitation which will provide needed hotel accommodations; and WHEREAS, the Miami Beach Development Corporation, hereinafter referred to as the "Provider" is proposing to develop a program to assist smaller hotel owners to renovate their properties by identifying and obtaining the financial means to undertake such rehabilitation; and WHEREAS, the Provider will receive a total amount of fifty thousand eight hundred and thirty-eight dollars ($50,838) from CDBG funds, to be used for the above stated purpose; and WHEREAS, an appropriate Agreement has been prepared and approved as to legal form and sufficiency by the City Attorney, which Agreement sets forth the terms and conditions of said project; and • WHEREAS, the City Manager has recommended to the City Commission that said Agreement be entered into; and WHEREAS, the City Commission deems it to be in the best interests of the City and its residents and citizens that said Agreement be entered into; NOW, THEREFORE, BE IT DULY RESOLVED BY THE CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, that the Mayor and City Clerk are hereby authorized and directed to execute an agreement with the Miami Beach Development Corporation on behalf of the City, and the disbursing officers of the City are hereby authorized and directed to disburse the funds required by the terms of said Agreement from CDBG funds hereafter allocated for said purpose. PASSED AND ADOPTED THIS15tDAY OF December 1982. ATTEST: CITY CLERK MAYOR By �w_ ..�