RESOLUTION 85-18132 RESOLUTION NO: 85-18132
A RESOLUTION OF THE CITY COMMISSION OF THE
CITY OF MIAMI BEACH, FLORIDA, AMENDING THE
AGREEMENT BETWEEN THE CITY OF MIAMI BEACH
AND THE MIAMI BEACH DEVELOPMENT
CORPORATION ADOPTED BY RESOLUTION #83-17535,
AND SUBSEQUENTLY AMENDED BY RESOLUTION #84-
17957 AND AUTHORIZING AN INCREASE OF
COMMUNITY DEVELOPMENT BLOCK GRANT FUNDS
IN THE AMOUNT OF $180,000, AND EXTENDING THE
COMPLETION DATE TO SEPTEMBER 30, 1986 IN
ORDER TO FUND A PROJECT TO RENOVATE THE
COLONY THEATER.
BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF MIAMI
BEACH, FLORIDA:
WHEREAS, the City of Miami Beach and the Miami Beach
Development Corporation have entered into an Agreement for the purpose
of funding renovations to the Colony Theater, located at 1040 Lincoln
Road; and
WHEREAS, the renovation and reuse of the Colony Theater has
been identified as an integral part of the economic development strategy
to revitalize the Lincoln Road Mall; and
WHEREAS, the Miami Beach Development Corporation
represents that the renovation efforts may be successfully implemented at
this time with an increase of $180,000 in CDBG funds to the existing
funding amount, of which $130,000 was committed by the Lincoln Road
Advisory Committee to the renovation of the Colony Theater, with the
caveat that the funds be replaced in Year 11; and
WHEREAS, the City Commission, in their action of
June 26, 1985, already replaced the $130,000 for Lincoln Road in the Year
11 program cycle; and
WHEREAS, the remaining $50,000 necessary for the completion
of the Colony Theater project is available from Year 9 surplus funds from
canceled projects and/or completed projects with an excess balance; and
WHEREAS, the parties to the Agreement are desirous of
amending the Agreement and extending the expiration date to
September 30, 1986; and
WHEREAS, the Agreement makes provisions for modifying said
Agreement as an amendment thereto; and
WHEREAS, the City Commission deems it to be in the best
interest of the City, its residents and citizens that said amendment 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 the
amendment attached as part hereof, to the Agreement with the Miami
Beach Development Corporation in the name and on behalf of the City; and
the disbursing officers of the City are hereby authorized and directed to
disburse the monies required by the terms of said Amendment to the
Agreement from Community Development Block Grant funds heretofore
allocated for said purpose.
PASSED AND ADOPTED THIS 10 DAY OF July 1985.
e
YOR
ATTEST:
;i FUrM APPROVED
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CITY CLERK LEGAL D EPT
RWP/nkm By
Date ?"- (9 5
ORIGINAL
RESOLUTION NO. 85-18132
(Amending the agreement between the City
of Miami Beach and the Miami Beach Develop-
ment Corporation adopted by Res. #83-17535
and subsequently amended by Res. #84-17957
and authorizing an increase of Community
Development Block Grant funds in the amount
of $180,000 and extending .the completion
date to September 30, 1986 in order to fund
a project to renovate the Colony .Theater)