RESOLUTION 83-17535 RESOLUTION NUMBER 83-17535
A RESOLUTION OF THE CITY COMMISSION OF THE
CITY OF MIAMI BEACH, FLORIDA, AUTHORIZING AND
DIRECTING THE EXECUTION OF AN AGREEMENT
BETWEEN THE CITY OF MIAMI BEACH AND THE
MIAMI BEACH DEVELOPMENT CORPORATION FOR
THE PURPOSE OF FUNDING A PROJECT TO
RENOVATE THE COLONY THEATRE
WHEREAS, the City of Miami Beach, hereinafter referred to as the
"City", is authorized by Commission Memorandum Number 5467 dated
January 21, 1976 to prepare an Application for a Community Development
Block Grant, hereinafter referred to as "CDBG Funds" and to design and
implement such systems as are necessary to insure that the Community
Development Program is developed, conducted and administered in
accordance with Title I of the Housing and Community Development Act
of 1974, as amended, and any Federal Regulations promulgated
thereunder, as well as applicable State and Local Authorities, and in such
capacity is authorized to enter into and execute agreements with other
Departments and Agencies within the City; and
WHEREAS, the City has duly submitted the Year Nine Final
Statement of Objectives and Projected Use of Funds to the United States
Department of Housing and Urban Development, hereinafter referred to
as "HUD", for a total of $2,723,830 in block grant resources; of which
$1,947,000 are Year Nine entitlement funds and $776,830 are
reprogrammed prior year funds; and
WHEREAS, the renovation and re-use of the Colony Theater has
been identified as an intergral part of the economic development strategy
to revitalize the Lincoln Road Mall and will create permanent
employment opportunities for City residents; and
WHEREAS, the City desires to enter into a contract with the Miami
Beach Development Corporation, hereinafter referred to as the "MBDC",
for the purpose of providing renovations to the Colony Theater and
administrative services for the start-up of theater operations at this
facility; and
WHEREAS, the MBDC will receive a total amount of $264,000 from
Year Nine CDBG funds and the unexpended balance of Year Eight funds as
specified in the attached agreement, to be used for the above stated
purpose; and
WHEREAS, CDBG funding for this project is contingent upon an
effective lease agreement between the City and the MBDC for the use of
the Colony Theater; and
WHEREAS, the City Manager has recommended to the City
Commission that said Agreement be entered into; and
WHEREAS, an appropriate Agreement has been prepared and has
been approved as to legal form and sufficiency by the City Attorney,
which Agreement sets forth the terms and conditions of said project; and
WHEREAS, the City Commission deems it to be in the best interests
of the City and its residents and citizens that said Agreement be entered
into;
NOW, THEREFORE, BE IT DULY RESOLVED BY THE CITY
COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, that the
Mayor and City Clerk are hereby authorized and directed to execute an
agreement with the Miami Beach Development Corporation on behalf of
the City, and the disbursing officers of the City are hereby authorized and
directed to disburse the funds required by the terms of said Agreement
from CDBG funds hereafter allocated for said purpose.
PASSED AND ADOPTED THIS 9th DAY OF November , 1983.
ATTEST:
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ORIGINAL
RESOLUTION NO. 83-17535
(Authorizing and directing the execution
of an agreement between the City of Miami
Beach and the Miami Beach Development
Corporation for the purpose of funding
a project to renovate the Colony Theater)