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RESOLUTION 88-19389 RESOLUTION NUMBER 88-19389 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 SOUTH FLORIDA ART CENTER FOR THE PURPOSE OF FUNDING THE ACQUISITION OF REAL ESTATE AS PART OF A SPECIAL ECONOMIC DEVELOPMENT ACTIVIT Y 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 )467 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, the Housing and Community Development Act of 1987, 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 Fourteen Final Statement of Objectives and Projected Use of Funds to the United States Department of Housing and Urban Development, hereinafter referred to as "HUL)", for a total of $2,560,/91 in block grant resources; of which S1,812,000 are Year Fourteen entitlement funds, and $450,991 are reprogrammed prior year funds, and $297,800 is estimated program income, of which only $27,800 is available for Year Fourteen projects; and WHEREAS, the City desires to enter into a contract with the South Florida Art Center, hereinafter referred to as the "Provider", for the purpose of acquiring a commercially-zoned property for expanding showroom and studio space for emerging artists, thereby providing job creation/retention for low/moderate income persons; and WHEREAS, the Provider will receive a total amount of Eighty thousand dollars ($80,000) from CDBG funds, to be used for the above stated purpose; 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 South Florida Art Center, 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 5th DAY OF October , 1988. ATTEST: ?A:7,4:e CITY CLERK FORM APPROVED LEG L DEPS By la Date ORIGINAL RESOLUTION NO. 88-19389 (Authorizing and directing the execution of an agreement between the City of Miami Beach and the South Florida Art Center for the purpose of funding the acquisition of Real Estate as part of a special Econo- mic Development Activity)