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Resolution 83-17594 • 7 RESOLUTION NUMBER 83-1759 4 A RESOLUTION OF THE CITY OF MIAMI BEACH, AUTHORIZING AMENDMENTS TO RESOLUTION #82-17213 AND THE CONTRACT BETWEEN THE CITY OF MIAMI BEACH AND THE MIAMI BEACH DEVELOPMENT CORPORATION, FOR THE PURPOSE OF FUNDING AN EXTENSION OF THE HOTEL REHABILITATION PROGRAM. WHEREAS, the City of Miami Beach entered into a Contract with the Miami Beach Development Corporation on December 15, 1982, for the purpose of funding a Hotel Rehabilitation Program; and WHEREAS, the parties to the Agreement are desirous of amending the terms and the conditions of such Contract and extending the expiration date to April 30, 1984; and WHEREAS, the City has determined the need to rebuild the hotel industry on Miami Beach, through the coordination of new construction and rehabilitation which will provide needed hotel accommodations; and WHEREAS, an appropriate Amendment to the existing contract has been prepared and approved as to legal form and sufficiency by the City Attorney, which Amendment sets forth the terms and conditions of said project; and WHEREAS, the objectives of this program include technical assistance to hotel owners in obtaining private financing commitments; the preparation of applications for Urban Development Action Grant funds; and a promotional campaign aimed at improving the investment climate of economically distressed areas of Miami Beach; and WHEREAS, the Provider will receive a total amount of forty-four thousand eight hundred and sixty-seven dollars ($44,867) of CDBG funds, to be used for the above stated purpose; and WHEREAS, the Administration has found this program to be an appropriate step toward the expansion of employment opportunities for low and moderate income residents; and WHEREAS, the City Commission deems it to be in the best interests of the City and its residents and citizens that said Amendment to 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 Amendment to the 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 Amendment to the Agreement from CDBG funds hereafter allocated for said purpose. PASSED AND ADOPTED THIS 21st DAY OF December , 1983. ATTEST: TY CLERK FORM APPROVED d ie MOR LEGAL. DEPT. By 11 )S Dee i2( 5(ki ORIGINAL14111 RESOLUTION NO. 83-17594 (Authorizing amendments to Resolution No. • 83-17213 and the contract between the City of Miami Beach and the Miami Beach Develop- ment Corporatioi, for the purpose of fund- ing an extension of the Hotel Rehabilita- tion Program) f