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Resolution 87-18759 • RESOLUTION NO. 87-18759 O A 'RESOLUTION OF THE CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, CREATING A LOCALLY DESIGNATED ENTERPRISE ZONE IN THE CITY OF MIAMI BEACH WHICH MEETS THE REQUIREMENTS OF THE U.S. DEPARTMENT OF HUD PURSUANT TO THE REGULATIONS 24 CFR 570.901 (b) (2) (i) (A), AND THE REQUIREMENTS OF THE STATE OF FLORIDA PURSUANT TO CHAPTER 163.340 (7) and (8) AND STATING THE PURPOSE OF SUCH LOCALLY DESIGNATED ZONE. BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, THAT WHEREAS, the Miami Beach City Commission had adopted as a primary city- wide goal, the economic development and revitalization of this community; and WHEREAS, private investment and other activities designed to alleviate slum and blighted conditions are essential to achieving the economic development objectives of this City of Miami Beach; and WHEREAS, the creation of a locally designated Enterprise Zone can provide certain benefits and incentives for investment/improvements/rehabilitation, etc., in areas of historical or architectural significance; and WHEREAS, there exists a defined geographic area within the corporate limits of the City of Miami Beach which contains a large number of commercial and residential buildings which are deteriorated or deteriorating and which exhibit the characteristics defined in Chapter 163.340 (7) and (8) of the Florida Statutes; but which also contains many buildings of historical or architectural significance both locally and nationally; and WHEREAS, this entire area was designated by the State of Florida as a State designated Enterprise Zone pursuant to Chapter 290 of the Florida Statutes in 1981; and WHEREAS, the 1981 State designated Miami Beach Enterprise Zone and all benefits associated with it, ceased to exist after December 31, 1986; and WHEREAS, the conditions of distress in this defined area have continued to exist after December 31, 1986 and are expected to continue; WHEREAS, this area also meets the requirements under 24 CFR 570.901 (b) (2) (i) (A) as a slum and blighted area; therefore, various CDBG activities may be undertaken in this area under the Statutory National Objective of "The Prevention or Elimination of Slums or Blight". . NOW, THEREFORE, be it resolved by the City Commission of the City of Miami Beach, Florida that the City Commission does hereby declare that all that area within the boundary of the illustration shown as Exhibit A and for which a legal description is shown as Exhibit B, attached to this Resolution, is hereby designated as a locally approved Enterprise Zone and an area that meets the requirements of the U.S. Department of HUD pursuant to 24 CFR 570.901 (b) (2) (i) (A), and/or Florida Statutes Chapter 163.340 (7) and (8), and does hereby certify that this area is eligible for benefits under any Economic or Community Development program which requires such local designation or delineation of an area exhibiting the characteristics described therein; and NOW, THEREFORE, be it further resolved by the City Commission of the City of Miami Beach, Florida, that this Resolution shall take effect immediately upon passage. PASSED AND ADOPTED this 18th day of February 1987. MAYOR ATTEST: a1141 CITY CLERK RWP/SLR:dd FORm P rt "rh Sy � � c , - • MIAMI BEACH LOCALLY DESIGNATED ENTERPRISE ZONE .1987 • w a 0 F- 0 N a .„0V:./4,U � ,, 23rd -STREET • c 0° 67 4DC3 : o _ - 00 r:76--&,001 0d m 3 ,. <_ 0 [-_-_-LJ a ±1:C_21B6tMI-LJr--I :it;e:00, Ei °LINCOLN RD p� D� r QQDDQ -:_v__P_P_-_---- 1207E70 . Qg ,STH ST 1�flDUucc Q a ® 8800 Et-DCDE1 ° • . Q00 00 0[3QD Q , ® pnQiQ ' 1 11TH Sr la opoopQoQ1 7-- - 0 !a . . . m 00013000000 .. ta L1100000011a 0 r- juu! - --- THCpC1JSRHAU7R 5• UQ ES aQQ0Q / DD �15C AYNE ST ® ra 4p EXHIBIT A Boundary__Decription . - Begin at point of intersection of the north right-of-way line of Jade Blvd. and the east bank of Biscayne Bay . Thence , proceed northeasterly along the north right-of-way line to the point of intersection with the north right-of-way line of 23rd St . ; thence proceed southeasterly on the north right-of-way line of 23rd St . to a point of intersection with the west bank of the, Atlantic Ocean; thence proceed southwesterly along the west bank of the Atlantic Ocean to a point of intersection with the east bank of Biscayne Bay; thence proceed northwesterly along the east Bankf of Biscayne Bay to the point of beginning. • EXHIBIT B ORIGINAL. . RESOLUTION NO. 87-18759 (Creating a locally designated faterprise Zone in the City of Miami Beach which meets the requirements of the U,S, Department of - HUD pursuant to the regulations 24 CFR -570,90] (h)- (2) (i) (A) , and the require- - ments of the State of Florida pursuant to Chapter 163,340 (7) and (8) and stating the purpose of such-190-0,1y designated 'zone) _ _