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RESOLUTION 85-18214 RESOLUTION NUMBER 85-18214 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 (MBDC) FOR THE PURPOSE OF FUNDING ECONOMIC DEVELOPMENT ACTIVITIES AND CARRYING OVER THE UNEXPENDED BALANCE OF YEAR TEN (10) FUNDS ALLOCATED ON THE MUSEUM SQUARE REVITALIZATION PROGRAM BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, THAT, 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 Eleven 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 $2,672,500 in block grant resources; of which $2,247,000 are Year Eleven entitlement funds and $425,500 are reprogrammed prior year funds; and WHEREAS, the City desires to enter into a contract with the Miami Beach Development Corporation, hereinafter referred to as the "Provider", for the purpose of conducting Economic Development activities to revitalize neighborhood conditions and to provide job opportunities for low and moderate income residents; and WHEREAS, the Provider will receive a total amount of $230,400 from CDBG funds, to be used for the above stated purpose; and together with the unexpended balance of Year Ten (10) funds allocated on, and to be used for, the Museum Square Revitalization Program; and WHEREAS, the CDBG funds are conditional upon the approval for release of funds from HUD; and WHEREAS, the City Manager has recommended to the City Commission that said Agreement be entered into; and WHEREAS, an appropriate Agreement has been prepared and has been 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 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 THIS 2nd DAY OF October , 1985. ATTEST: ??2 /?41-4CITY CLERK MAYOR FORM APPROVED 441 4(444,_.-.,..♦ &oat.-r.,....sr,nt n1.is.ilW.s4SS'..yt 9 -013 `...♦. .....a ♦ ., ( -h-"" ORIGINAL RESOLUTION NO. 85-18214 (Authorizing and directing the execution of an agreement between the City of Miami Beach and the Miami Beach Development Corporation (MBDC) for the purpose of funding economic development activities and carrying over the unexpected balance of Year Ten (l0)funds allocated on the museum square revitalization program)