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Amendment No. 2 To CDBG Agreement - Oct. 1, 2007~-i~-o7 ado -a~ ~8S AMENDMENT N0.2 TO COMMUNITY DEVELOPMENT BLOCK GRANT AGREEMENT, DATED OCTOBER 1, 2007, BETWEEN CITY OF MIAMI BEACH AND MIAMI BEACH COMMUNITY DEVELOPMENT CORPORATION THIS AMENDMENT N0.2 TO COMMUNITY~VELOPMENT BLOCK GRANT AGREEMENT is entered into this ~/ f7~day of ~11r cC 2010, by and between the CITY OF MIAMI BEACH, a Florida municipal corporation, having its principal office at 1700 Convention Center Drive, Miami Beach, Florida, (City), and MIAMI BEACH COMMUNITY DEVELOPMENT CORPORATION a Florida not-for-profit corporation, with offices located at 945 Pennsylvania Avenue, Miami Beach, Florida (Provider). WITNESSETH: WHEREAS, the City is an entitlement recipient of U.S. Department of Housing and Urban Development (HUD) funds as part of its Community Development Block Grant (CDBG) Program for the period from October 1, 2007, to September 30, 2008; and WHEREAS, on July 11, 2007, the Mayor and City Commission passed Resolution No. 2007- 26585, adopting the City's One-Year Action Plan for Federal funds for Fiscal Year 2007/2008, authorizing the mayor and City Clerk to sign a CDBG Agreement in the amount of ONE HUNDRED NINETY THOUSAND DOLLARS ($190,000) for the North Beach Condominium Development Project, and further authorizing the City Manager to extend the expiration dates of the FY 2007/2008 CDBG agreements; and WHEREAS, on July 16, 2008, the City Mayor and City Commission passed Resolution No. 2008-26852 authorizing the Mayor and the City Clerk to execute an amendment to the CDBG Agreement dated October 1, 2007, between the City and MBCDC allowing the $190,000 CDBG allocation to be utilized for a Scattered Sites Homeownership Project in North Beach; and NOW, THEREFORE, in consideration of the mutual promises contained herein, the parties hereby amend the Agreement as follows: 1. Section 11, on page 3 of the Agreement, is deleted in its entirety and replaced with the following: Term: This Agreement shall commence on October 1, 2007, and terminate on September 30, 2010 with the understanding that at the end of the A~eement, the City has the authorit t appropriate any remaining unused funds. 2. All other terms and conditions of the Agreement shall remain unchanged and in full force and effect. IN WITNESS WHEREOF, the parties hereto execute this Amendment No. 2 as of the day and date first above written. ATTEST: r ~ ~ ~~i ~S/ Se retary ATTEST: ~ ~~~~ City Clerk MIAMI BEACH COMMUNITY DEVELOPMENT CORPORATION a Florida not-for-profit corporation Roberto Datorre President, Authorized Signatory CITY OF MIAMI BEACH a Florida Municipal Corporation J rg . Gonz it nager Matti Herrera Bower Mayor APPROVED AS TO FORM & LANGUAGE tk FOR EXECUTION 3~~`~ t6 Date