RESOLUTION 84-17916 RESOLUTION NO. 84-17916
A RESOLUTION OF THE CITY OF MIAMI BEACH,
FLORIDA, AMENDING THE YEAR 10 COMMUNITY
DEVELOPMENT BLOCK GRANT AGREEMENT
BETWEEN THE CITY OF MIAMI BEACH AND THE
MIAMI BEACH DEVELOPMENT CORPORATION
ADOPTED BY RESOLUTION NO. 84-17878 ON
OCTOBER 3, 1984, AND SUBSEQUENTLY AMENDED BY
RESOLUTION #84-17898 AND AUTHORIZING AN
INCREASE OF COMMUNITY DEVELOPMENT FUNDS
FROM THE YEAR 10 LOCAL OPTION ACCOUNT IN THE
AMOUNT OF $62,000 TO FUND SUPPLEMENTAL
ECONOMIC DEVELOPMENT ACTIVITIES OF THE MIAMI
BEACH DEVELOPMENT CORPORATION IN ORDER TO
REPLENISH FUNDS TO THE MIAMI BEACH
DEVELOPMENT CORPORATION, SUBSEQUENT TO THE
ADDITION OF THE SUPPLEMENTAL ACTIVITY TO
FUND THE SOUTH FLORIDA ARTS CENTER IN THE
AMOUNT OF $62,000.
BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF MIAMI
BEACH, FLORIDA, THAT,
WHEREAS, the City Commission recognizes the need and is committed to
the economic revitalization of LincolnjRoad as a healthy and vital retailing areas; and,
WHEREAS, the South Florida Arts Center (SFAC), a private non-profit
corporation, has expressed a desire to create a permanent artists' district on Lincoln Road
utilizing 21,000 square feet of vacant properties to house artists' studios, cooperative
galleries, classrooms, and meeting spaces which would provide initial employment for 40-60
artists and would attract new customers and visitors to Lincoln Road thereby improving the
economic and business conditions in this area; and,
WHEREAS, the SFAC has requested a one-time grant in the amount not to
exceed $62,000 to fund initial working capital and first year activities of the operations, and
maintenance of an artists' district on Lincoln Road for which SFAC has already negotiated
leases with the property owners and has firm commitments from artists to lease 18,000
square feet of space; and,
WHEREAS, the Miami Beach Development Corporation has already entered
into an agreement with the City to conduct Economic Development activities designed to
stimulate economic revitalization and job creation, eliminate slumbs and blight, encourage
private development, and neighborhood revitalization and, therefore, the Miami Beach
Development Corporation has been determined to be the appropriate organization to
administer such a grant; and,
WHEREAS, on October 17, 1984, via Resolution #84-17898, the City
Commission authorized an amendment to the MBDC Year 10 CDBG Contract, to increase
the scope of services to add a supplemental economic development activity, which allowed
MBDC to utilize current contract funds to enter into a Loan Agreement by the SFAC not to
exceed $62,000 to fund initial working capital and first year deficits for an artists' district
to be located on Lincoln Road to stimulate the economic viability of the Lincoln Road Mall
area which is experiencing severe economic decline; and,
WHEREAS, the Miami Beach Development Corporation seeks the
replenishment of $62,000 for this activity, to convert the Loan Agreement by the SFAC to a
grant, and thereby restoring the budgets of the Washington Avenue and Housing Initiative
components of the program back to the original budget and development schedules of the
original contract; and,
WHEREAS, Miami Beach Development Corporation has entered into a
contract with the South Florida Arts Center to administer funds and review the project's
progress and that the City's Community Development Division is authorized to review the
progress of the project and approve in advance disbursal of any and all of the said funds; and
WHEREAS, the citizen participation requirement and other federal
regulations have been met through a public hearing of the Community Development
Advisory Committee held on October 23, 1984, at which the Board supported and endorsed
the replenishment of funds to the MBDC Year 10 Contract in the amount of $62,000 to allow
the grant request of the South Florida Arts Center;
NOW, THEREFORE, BE IT DULY RESOLVED BY THE CITY COMMISSION
OF THE CITY OF MIAMI BEACH FLORIDA, that the City amend Resolution #84-17878 and
amend the Year 10 Community Development Block Grant Agreement between the City of
Miami Beach and the Miami Beach Development Corporation, and authorize an increase in
Community Development Funds from the Year 10 Local Option Account in the amount of
$62,000 to fund supplemental economic development activities of the Miami Beach
Development Corporation in order to fund the South Florida Arts Center in the amount of
$62,000.
PASSED AND ADOPTED this 7th day of November 1984.
r..
AYOR
ATTEST: FORM APPROVEd
LEGAL DEPART ENT
/I I
• .A.
DATE: f
CITY CLERK
RWP/SLR/mh
ORIGINAL
RESOLUTION NO. 84-17916
(Amending the Year 10 Community Develop-
ment Block Grant Agreement between the
City of Miami Beach and the Miami Beach
Development Corporation adopted by Res.
No. 84-17878 on October 3, 1984, and sub-
sequently amended by Resolution No.
84-17897 and authorizing an increase of
Community Development Funds from the Year
10 Local Option account in the amount of'
$62,000 to fund supplemental Economic
Development Activities of the Miami Beach
Development Corporation in order to re-
plenish funds to the Miami Beach Develop-
ment Corporation, subsequent to the addit-
ion of the supplemental activity to fund
the South Florida Arts Center in the
Amount of $62,000)