RESOLUTION 84-17898 RESOLUTION NO. 84-17898
A RESOLUTION OF THE CITY OF MIAMI BEACH, FLORIDA,
ENDORSING IN CONCEPT THE LOCATION OF THE SOUTH
FLORIDA ARTS CENTER (SFAC) ON LINCOLN ROAD AND
AMENDING THE YEAR 10 COMMUNITY DEVELOPMENT BLOCK
GRANT AGREEMENT BETWEEN THE CITY OF MIAMI BEACH AND
THE MIAMI BEACH DEVELOPMENT CORPORATION (MBDC)
ADOPTED BY RESOLUTION NO. 84-17878 ON OCTOBER 3, 1984, IN
ORDER TO ALLOW THE MIAMI BEACH DEVELOPMENT
CORPORATION TO PROVIDE A LOAN TO THE SOUTH FLORIDA
ARTS CENTER IN AN AMOUNT NOT TO EXCEED $62,000 TO
FUND A PORTION OF THE COSTS OF STARTING AND OPERATING
AN ARTISTS' DISTRICT ON LINCOLN ROAD AND RESERVING
YEAR 10 COMMUNITY DEVELOPMENT BLOCK GRANT LOCAL
OPTION FUNDS OR OTHER APPROPRIATE COMMUNITY
DEVELOPMENT BLOCK GRANT FUNDING SOURCE TO
REIMBURSE MIAMI BEACH DEVELOPMENT CORPORATION AT A
LATER DATE PENDING COMPLIANCE WITH FEDERAL
REGULATIONS INCLUDING CITIZEN PARTICIPATION AND
APPROVAL BY CITY COMMISSION.
BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF MIAMI
BEACH, FLORIDA;
WHEREAS, THE City Commission recognizes the need and is committed to the
economic revitalization of Lincoln Road as a healthy and vital retailing area; and
WHEREAS, the South Florida Arts Center (SFAC), a private non-profit
corporation, has expressed a desire to create a permanent artists' district on Lincoln Road
utilizing approximately 21,000 square feet of vacant properties to house artists' studios,
cooperative galleries, classrooms, and meeting spaces; and
WHEREAS, the SFAC would provide initial employment for between 40-6,0
artists and would attract new customers and visitors to Lincoln Road thereby improving the
economic and business conditions in this area; and
WHEREAS, the SFAC has requested a one-time loan in the amount not to exceed
$62,000 to fund initial working capital and first-year activities of the operations,
improvement, and maintenance of an artists' district on Lincoln Road; and
WHEREAS, the Miami Beach Development Corporation (MBDC) has already
entered into an agreement with the City to conduct Economic Development activities,
designed to stimulate economic revitalization and job creation, encourage private •
development, and neighborhood revitalization and therefore, the Miami Beach Development
Corporation has been determined to be the appropriate organization to administer such a
loan;
NOW, THEREFORE, BE IT DULY RESOLVED BY THE CITY COMMISSION OF
THE CITY OF MIAMI BEACH, FLORIDA that the City endorses the concept of the South
Florida Arts Center at Lincoln Road and adopts a resolution to amend Resolution #84-17878
to add an additional activity to the existing contract between the City of Miami Beach and
the Miami Beach Development Corporation to allow the Miami Beach Development
Corporation to provide a one-time loan of an amount not to exceed $62,000 to the South
Florida Arts Center to fund initial working capital and first-year activities of the
operations, improvement, and maintenance of an artists' district on Lincoln Road and
reserves Year 10 Community Development Block Grant Local option funds or other
appropriate Community Development Block Grant funding source to reimburse Miami Beach
Development Corporation at a later date pending compliance with Federal regulations
including citizen participation and approval by City Commission.
PASSED and ADOPTED this 17th day of October , 1984.
MAYOR
ATTEST:
7/7. Raz � `.�"'v "".."J
CITY CLERK L'
RWP:SLR:bss
FORA APPROVED
UCAL 7ARTMENT
ORIGINAL
RESOLUTION NO. 84-17898
(Endorsing in concept the location of the
South Florida Arts Center (SFAC) on
Lincoln Rd. and amending the year 10
Community Development Block Grant Agree-
ment between the City of Miami Beach and
the Mani Beach Development Corporation
(MBDC) adopted by Res. No. 84-17878 on
October 3, 1984, in order to allow the
Miami Beach Development Corp. to provide
a loan to the South Florida Arts Center in
an amount not to exceed $62,000 to fund a
portion of the costs of starting an opera-
ting an artists' district on Lincoln Rd.
and reserving Year 10 Community Develop-
ment Block Grant local option funds or
other appropriate Community Development
Block Grant funding source to reimburse
Miami Beach Development Corporation at
a later date pending compliance with
Federal regulations including citizen
participation and approval by City
Commission.)