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Amendment No. 3 to the Interdepartmental Memorandum of Understanding 0�0 3 ?2 ' AMENDMENT NO. 3 TO THE INTERDEPARTMENTAL MEMORANDUM OF UNDERSTANDING, DATED SEPTEMBER 24, 2014, BETWEEN THE CITY OF MIAMI BEACH OFFICE OF HOUSING AND COMMUNITY SERVICES AND THE CITY OF MIAMI BEACH CAPITAL IMPROVEMENT PROJECTS OFFICE This Amendment No. 3 ("Amendment No. 3")to the Interdepa ental Mer��randum of Understanding (MOU) dated September 24, 2014 is entered into this day of 11'x-7 g ( ) p � _ Y 2016 ("Effective Date"), by and between the CITY OF MIAMI BEACH OFFICE OF HOUSING AND COMMUNITY SERVICES ("HCS"), and the CITY OF MIAMI CAPITAL IMPROVEMENT PROJECTS OFFICE ("Provider"). WITNESSETH: WHEREAS, HCS has determined, through its One-Year Action Plan for federal funds for Fiscal Year 2013/2014, the necessity for engaging the Provider to render the following project in Miami Beach: The London House Apartments Rehabilitation ("Project"), located at 1965 and 1975 Washington Avenue, Miami Beach, Florida 33139; and WHEREAS, the City's FY 2013/2014 Action Plan was approved by the City Commission through Resolution 2013-28292 adopted on July 19, 2013; and WHEREAS, pursuant to the executed MOU, the Provider is providing services needed for the rehabilitation of affordable housing which is a high priority need identified in the City's FY 2013-2017 Consolidated Plan approved by the City Commission through Resolution 2013-28237 on June 5, 2013; and WHEREAS, the executed MOU failed to include reference to the funds allocated to the Project via Resolution 2011-27694 adopted on July 13, 2011 approving the One-Year Action Plan for federal funds for Fiscal Year 2011/2012; and WHEREAS, the definition of retainage currently stated in Exhibit "A" of the MOU does not apply to the Project as the Provider is not responsible for fulfilling a National Objective; and WHEREAS, that responsibility falls on HCS, once the units are occupied with low- to—moderate Income residents; and WHEREAS, on January 8, 2016, HCS and Provider executed Amendment No. 1, which extended the time of the agreement which commenced on May 1, 2014 and terminates on September 30, 2016; and WHEREAS, on March 11, 2016, HCS and Provider executed Amendment No. 2, which clarifies the Agreement Amount and its budget. (The MOU and Amendments No.1 and No. 2 shall be collectively referred to herein as the MOU). • NOW,THEREFORE, in consideration of the mutual promises contained herein,the parties hereby agree to amend the MOU, as follows: 1. The above recitals are true and correct and are incorporated herein as part of this Amendment No. 3. 2. The definition of"Retainage", as set forth in the section entitled "Related Definitions" of Exhibit "A" ("Scope of Services"), is hereby deleted in its entirety and replaced with the following: Retainage—All capital projects are subject to the withholding of ten percent (10%) of each progress payment made to Provider, in the form of a retainage until fifty percent of protect completion ("50 percent completion"), and thereafter the retainage shall be reduced to five percent (5%) of each progress payment made to Provider. 3. The section entitled "Retainage", as set forth in Section VI, "Compliance with National Objective" of Exhibit "A" ("Scope of Services") is hereby deleted in its entirety and replaced with the following: Retainage All capital projects utilizing HUD funds are subject to a ten percent(10%) retainage until 50 percent completion, and thereafter the retainage shall be reduced to five percent(5%). Partial releases would be allowed pursuant Section 255.078, Florida Statutes. Final Release of Retainage will be approved once HCS receives Certificate of Completion along with all Closeout Documents, including final releases of liens from Sub-contractor(s). Retainage will be held as appropriate from all submitted reimbursement requests. 4. All other terms and conditions of the MOU shall remain unchanged and in full force and effect. In the event there is a conflict between Amendment No. 3 and the MOU, the provisions of this Amendment No. 3 shall govern. THE REMAINDER OF THIS PAGE IS INTENTIONALLY LEFT BLANK. IN WITNESS WHEREOF, THE CITY OF MIAMI BEACH OFFICE OF HOUSING AND COMMUNITY SERVICES AND CITY OF MIAMI BEACH CAPITAL IMPROVEMENT PROJECTS OFFICE have executed this Amendment No.3 to the MOU as of the day and year first written above by their duly authorized representatives. CITY OF MIAMI BEACH OFFICE OF HOUSING AND COMMUNITY SERVICES Director, , "is- Housing and Community Services • Maria L. Ruiz Print Name 4L((� Date CITY OF MIAMI = CH CAPITAL IMPR• . MENT PROJECTS OFFICE NA A Director, apital I •rovement Projects Office David Martinez Print Name /110 Date CITY OF MIAMI BEACH, a Florida municipal •.•rporation ATTEST: City lerk 4441\1 B -.'►%1Cit anag=} Rafael A. Granado i • - L. Morales Print Name .;, Pry • Name lco :INCORP ORATE- RATED *L.-) <of/ Date ♦♦♦ Nf F:\RHCD\$ALL\HSG-CD\CDBG\CDBG 20t.t 41 •` ptovements\London House\CMB London House - Amendment 3 3.22.16.doc ` APPROVED AS.TO FORM & LANGUAGE &FOR EXECUTION oppit4,( 4 - zl -- ( le City Attorney) r Date ■