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Resolution 86-18534 • • RESOLUTION NO.86-18534 A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, AMENDING THE AGREEMENT BETWEEN THE CITY OF MIAMI BEACH AND THE SOUTH FLORIDA ART CENTER, ADOPTED BY RESOLUTION #85- 18220 AND AUTHORIZING AN INCREASE OF COMMUNITY DEVELOPMENT BLOCK GRANT (CDBG) FUNDS IN THE AMOUNT OF $42,000 IN ORDER TO FUND A SPECIAL ECONOMIC DEVELOPMENT ACTIVITY. BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA: WHEREAS, the City of Miami Beach and the South Florida Art Center have entered into an Agreement for the purpose of funding a special economic development activity; and WHEREAS, a component of that activity is the rehabilitation of a building, located at 1037 Lincoln Road, for the development of a fully operational Art School; and WHEREAS, the rehabilitation of such site into a fully operational classroom, consignment gallery and studio art school facility is an integral part of the economic development strategy to revitalize the Lincoln Road Mall and enhance the existing artist district; and WHEREAS, the South Florida Art Center represents that the rehabilitation efforts may be successfully implemented at this time with an increase of $42,000 in CDBG funds to the existing funding amount; and WHEREAS, the $42,000 necessary for the completion of the Art School project is available from CDBG contingency funds; and WHEREAS, the parties to the Agreement are desirous of amending the Agreement; 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 South Florida Art Center in the name of 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 23 day of July 1986. M' 'OR ATTEST: CITY CLERK STP/nkm FORM APPROVED LEGAL DEPT. By . 4)/.4 .____64'4 7-/4-" RESOLUTION NO. 86-18534 (Amending the agreement between the City of Miami Beach and the South Florida Art Center, adopted by Resolution 85-18220 and authorizing an increase of Community Development Block Grant (CDBG) Funds in the amount of $42,000 in order to fund a Special Economic Development Activity)