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RESOLUTION 85-18112 RESOLUTION NO. 85-18112 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 NUMBERS 84-17898 AND 84-17916 AUTHORIZING AN INCREASE OF COMMUNITY DEVELOPMENT FUNDS FROM THE YEAR 10 LOCAL OPTION ACCOUNT IN AN AMOUNT NOT TO EXCEED $15,000 TO ENABLE THE MIAMI BEACH DEVELOPMENT CORPORATION TO PROVIDE A SUPPLEMENT TO THE GRANT TO THE SOUTH FLORIDA ART CENTER, FOR FUNDING OF SUMMER UTILITY COSTS. 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 Lincoln Road as a healthy and vital retailing area; and, WHEREAS, the South Florida Art Center (SFAC), a private non-profit corporation, has successfully implemented a permanent artists' district on Lincoln Road utilizing approximately 21,000 square feet of vacant properties to house artists' studios, cooperative galleries, classrooms, and meeting spaces which has provided initial employment for 40-60 artists as well as attracted new customers and visitors to Lincoln Road thereby improving the economic and business conditions in this area; 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 slums 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 November 7, 1984, via Resolution Numbers 84-17898 and 84- 17916, 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 provide a grant to the SFAC in an amount 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 existing level of funding @ $62,000 is not sufficient to meet the utility costs of the South Florida Art Center's twenty storefronts during the summer months of 1985; and, WHEREAS, the Miami Beach Development Corporation's Board of Directors unanimously approved a motion to request that additional funding be provided in order to supplement the grant to the South Florida Art Center to help defray the costs of utilities for the summer months; and, WHEREAS, the citizen participation requirement and other federal regulations have been met through the Community Development Advisory Committee who, at their May 14, 1985 meeting, supported and endorsed the addition of funds to the MBDC Year 10 Contract in the amount of $15,000 to allow the grant request of the South Florida Art Center; RESOLUTION MBDC/SO. FL. ART CENTER JUNE 26, 1985 PAGE 2 NOW, THEREFORE, BE IT DULY RESOLVED BY THE CITY COMMISSION OF THE CITY OF MIAMI BEACH FLORIDA, that the City amend Resolution /184-17878 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 $15,000 to fund supplemental economic development activities of the Miami Beach Development Corporation in order to supplement funds for the South Florida Art Center in the amount of $15,000 to help defray the costs of utilities during the summer months of 1985. PASSED AND ADOPTED this 26th day of June 1985. MA OR ATTEST: ZfietA,,a, '2") CITY CLERK 7//OP. RWP/nkm FORM APPROVED LEGAL DEPT. Date lD ORIGINAL RESOLUTION NO. 85-18112 (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 Res. Nos. 84-17898 and 84-17916 authorizing an increase of Community Development Funds from the Year 10 local option account in an amount not to exceed $15,000 to enable the Miami Beach Development Corporation to provide a supplement to the Grant to the South Florida Art Center, for funding of Summer Utility Costs)