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96-22165 RESO RESOLUTION NO. 96-22165 A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA AUTHORIZING THE CITY TO PAY THE MIAMI BEACH REDEVELOPMENT AGENCY $1,000,000, OUT OF ST ATE OF FLORIDA GRANT MONIES, FOR THE ACQUISITION OF PROPERTY TO BE DEVELOPED AS THE NEW 16TH STREET BETWEEN WASHINGTON AND COLLINS AVENUES. WHEREAS, the Miami Beach Redevelopment Agency ("Agency") is the (pmer of the property that is proposed to be the new 16th Street between Washington and Collins Avenues, which property is legally described in Exhibit" 1 " to the Quit Claim Deed, which deed is attached hereto and incorporated herein as Exhibit "A"; and WHEREAS, the City of Miami Beach has received $2,000,000 in grant monies from the State of Florida to be used for the acquisition of property for and the development of the new 16th Street between Washington and Collins Avenues; and WHEREAS, out of the $2,000,000 in grant funds, $1,000,000 is to be used for property acquisition; and WHEREAS, the City desires to proceed with the development of the new 16th Street. NOW, THEREFORE, BE IT DULY RESOLVED BY THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA that: 1. The City is authorized to pay to the Miami Beach Redevelopment Agency $1,000,000, out of State of Florida grant monies, for the acquisition of property to be developed as the new 16th Street between Washington and Collins Avenues. 2. This Resolution shall take effect immediately upon its passage. PASSED and ADOPTED this 9th day of October ATTEST: ow~~ cAt ~LERK FORM APr~~"" P] LEGAL DEl I By 1111 /j1;~ Date IV) /9 t AITlkw f\atto\taca\resos\quitc1am .res CITY HALL 1700 CONVENTION CENTER DRIVE MIAMI BEACH FLORIDA 33139 CITY OF MIAMI BEACH COMMISSION MEMORANDUM NO. ~ 15 - 9L TO: Mayor Seymour Gelber and Members of the City Commission DATE: October 9, 1996 SUBJECT: Jose Garcia-Pedrosa City Manager FROM: F THE MAYOR AND CITY COMMISSION OF THE CITY OF MI BEACH AUTHORIZING THE CITY TO PAY THE MIAMI BEACH REDEVELOPMENT AGENCY $1,000,000, OUT OF STATE OF FLORIDA GRANT MONIES, FOR THE ACQUISITION OF PROPERTY TO BE DEVELOPED AS THE NEW 16TH STREET BETWEEN WASHINGTON AND COLLINS AVENUES. ADMINISTRATION RECOMMENDATION: Adopt the attached resolution. BACKGROUND: On October 10th, 1995, the City of Miami Beach executed an agreement with the State of Florida, Department of Commerce, Division of Economic Development for a $2,000,000 grant to undertake the extension of 16th Street between Collins and Washington Avenues. The project budget calls for $1,000,000 to be used for property acquisition and $1,000,000 for the streetscape improvements. This important redevelopment activity is essential to relieve existing and anticipated traffic congestion as a result of new development activity planned and/or underway in the area. ANALYSIS Since the grant was awarded to the City of Miami Beach to undertake the project, and the newly created extension of 16th Street will also be maintained by the City, the Redevelopment Agency must deed that portion of property comprising the 16th Street right-of-way between Collins and Washington A venues to the City. Since the Redevelopment Agency has undertaken the necessary property acquisition to undertake the project, execution of the Quit Claim Deed will be subject to receipt of $1,000,000 from the City. AGENDA ITEM ~'1c.. I b-q-'}~ ~J .... DATE CONCLUSION It is recommended that the Mayor and City Commission adopt the attached resolution. JGP!~b Attachments