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HomeMy WebLinkAboutAmendment 1 - MBCDC Owner Occupied Home Rehabilitation Program a��6 -a�as3 AMENDMENT NO. 1 TO COMMUNITY DEVELOPMENT BLOCK GRANT AGREEMENT, DATED OCTOBER 1, 2007, BETWEEN CITY OF MIAMI BEACH AND MIAMI BEACH COMMUNITY DEVELOPMENT CORPORTATION THIS AMENDMENT NO. 1 TO COMMUNITY DE ELOPMENT BLOCK GRANT AGREEMENT dated October 1, 2006, is entered into this SI day of A141U1 2012, 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 CORPORTATION a Florida not - for - profit corporation, with offices located at 945 Pennsylvania Avenue, Miami Beach, Florida 33139. 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, 2006, to September 30, 2007; and WHEREAS, on July 12, 2006, the Mayor and City Commission passed Resolution No. 2006- 26253, adopting the City's One -Year Action Plan for Federal funds for Fiscal Year 2006/2007, authorizing the Mayor and City Clerk to sign a CDBG Agreement in the amount of SEVENTY -ONE THOUSAND SIX HUNDRED TWENTY FIVE DOLLARS ($71,625) for the Owner Occupied Home Rehabilitation Program, and further authorizing the City Manager to extend the expiration dates of the FY 2006/2007 CDBG agreements; 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, 2006 and terminate on June 30, 2012, with the understanding that at the end of the Agreement, the City has the authority to re- 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. 1 as of the day and date first above written. MIAMI BEACH COMMUNITY DEVELOPMENT CORPORATION a Florida not - for - profit corporation ATTEST: Secr ary Rob President, Authorized Signatory ATTEST: CITY OF MIAMI BEACH a Florida Municipal Corporation Z o w City Clerk or onza , Cit er APPROVED AS TO FORM & LANGUAGE & FOR EXECUTION Q me Date