Amendment 2 to SHIP Agmt 70 2t
AMENDMENT NO.2
TO STATE HOUSING INITIATIVES PARTNERSHIP (SHIP) PROGRAM AGREEMENT
FOR FY2007 /2008, DATED FEBRUARY 25,'2009, BETWEEN THE
CITY OF MIAMI BEACH AND
MIAMI BEACH COMMUNITY DEVELOPMENT CORPORATION.. (MBCDC)
AMENDMENT N 2 - _
THIS ..
S EN O. TO THE AGREEMENT is entered , into this day of
�-� 2011, 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),
a,nd MIAMI BEACH COMMUNITY DEVELOPMENT CORPORATION ( MBCDC), a Florida not- for - profit
corporation, with offices located at 945 Pennsylvania Ave., Miami Beach, FL, 33139.
WITNESSETH:
WHEREAS, the City has determined the necessity for providing affordable housing in Miami
Beach through its Consolidated Plan, which was adopted by Resolution No. 2008 -26847 on 'July.16.,
2008; and
WHEREAS, on February 25, 2009, the Mayor and City Commission approved Resolution No.
2009 - 27021, authorizing the Mayor and the City Clerk to execute a State Housing Initiatives Partnership
(SHIP) Program Agreement between the City and MBCDC (the Agreement);. and
WHEREAS, due to unforeseen circumstances, including economic conditions and construction
delays; the FY 07/08 SHIP funds were notcompletely expended by the deadline of June 30, 2010, as
originally anticipated; and
WHEREAS, on'September 7,'2010, 'the State SHIP Administrator approved an extension of
time based upon the SHIP Completion Action. Plan submitted by the City on MBCDC's behalf, and
thereby extended the .deadline to expend funds until December 30,'2010; and
WHEREAS, On October.25, 2010, the City Manager approved Amendment No. 1 to the
Agreement, extending the expenditure deadline for Fiscal Year 2007/2008 funds, in the amount of.
$536.642.76, from June 30, 2010, to December 2010; and
j *. WHEREAS, on December 29, 2010, the State SHIP Administrator approved an additional
extension of time, based upon the request submitted by the City on MBCDC's behalf, to allow MBCDC
to complete that certain affordable housing project; the.Allen Apartments, 2001 Washington Avenue,
Miami Beach, FL 33139, and thereby extended the deadline to expend funds until March 31, 2011.
NOW, THEREFORE, in consideration of the mutual promises contained herein, the parties
hereby amend the Agreement.as follows: r
1. ARTICLE IX: TERMS OF AGREEMENT, paragraph 2, is amended as follows: The expenditure
deadline for Fiscal Year 2007/2008 funds, in the amount of $536;642.76 is extended from
December 30, 201.0, to March 31, 2011.
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.. 1 -to the State .
Housing Initiatives Partnership Program Agreement for FY2007 /2008, dated February , 25, 2009,
between the-City and MBCDC, as of the day and date first above written.
MIAMI BEACH COMMUNITY DEVELOPMENT
CORPORATION (MBDCDC)
a Florida not- for - profit corporation
ATTEST:
S reta Roberto Da
President, Authorized Signatory
ATTEST�. CITY OF MIAMI BEACH
a. Florida Municipal Corporation
_City Clerk J rg Go za z, Cif ager
.J - -
•
APPROVED AS TO
FOR & LANGUAGE
& EXECUTION
y
ity ttorne to
FARHCD \$ALL \HSG -CD \SHIP 2010 \SHIP AmendmenQ FY0708- r-eviseddecember30,2010:doc