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RESOLUTION 84-17788 RESOLUTION NUMBER 84-177$8 A RESOLUTION OF THE CITY OF MIAMI BEACH, AUTHORIZING AMENDMENTS TO RESOLUTION #82-17213 AND THE CONTRACT BETWEEN THE CITY OF MIAMI BEACH AND THE MIAMI BEACH DEVELOPMENT CORPORATION, FOR THE PURPOSE OF EXTENDING THE EXPIRATION DATE OF THE HOTEL REHABILITATION PROGRAM WITH NO ADDITIONAL FUNDING. WHEREAS, the City of Miami Beach entered into a Contract with the Miami Beach Development Corporation on December 15, 1982, for the purpose of funding a Hotel Rehabilitation Program; and WHEREAS, this contract was amended on December 21, 1983 to provide for extended funding of the program to April 30, 1984 in the amount of forty-four thousand eight hundred and sixty-seven dollars ($44,867) of Community Development Block Grant (CDBG) funds; and WHEREAS, by Resolution Number 84-17726, said contract was amended to extend the expiration date until June 29, 1984, with no additional funds; and WHEREAS, the program can continue to operate until September 30, 1984 without additional funding from the City; and WHEREAS, the City has determined the need to rebuild the hotel industry on Miami Beach, through the coordination of new construction and rehabilitation which will provide needed hotel accommodations; and WHEREAS, an appropriate Amendment to the existing contract has been prepared and approved as to legal form and sufficiency by the City Attorney, which Amendment sets forth the terms and conditions of said project; and WHEREAS, the objectives of this program include technical assistance to hotel owners in obtaining private financing commitments; and a promotional campaign aimed at improving the investment climate of economically distressed areas of Miami Beach; and WHEREAS, the Administration has found this program to he an appropriate step toward the elimination of slums and blight and the expansion of employment opportunities for low and moderate income residents; and WHEREAS, the City Commission deems it to be in the best interests of the City and its residents and citizens that said Amendment to 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 Amendment to the Agreement with the Miami Beach Development Corporation on behalf of the City, to extend the expiration date of the Hotel Rehabilitation Program to September 30, 1984, without an additional allocation of funds as previously authorized by the amendments adopted on December 21, 1983 and May 2, 1984. PASSED AND ADOPTED THIS 11th DAY OF July , 1984. rTDRitil APPR ATTEST: APPROVED LEGAL Ad° / 3Y11 _14 T. , gp CIT E' 1‘'' " Date_ • • MAYOR ORIGINAL RESOLUTION NO. 84-17788 (Authorizing amendments to Resolution No. 82-17213 and the contract between the CMB and the Miami Beach Development Corp, for the purpose of extending the expira- tion dateof the Hotel Rehabilitation Pro- gram with no additional funding.) A