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RESOLUTION 87-18950 RESOLUTION NO. 87-18950 A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, AMENDING THE AGREEMENT BETWEEN THE CITY OF MIAMI BEACH AND THE SOUTH FLORIDA ART CENTER, ADOPTED BY RESOLUTION NO. 86-18615, AND AUTHORIZING AN INCREASE OF COMMUNITY DEVELOPMENT BLOCK GRANT FUNDS IN THE AMOUNT OF $3,500 IN ORDER TO FUND A SPECIAL ECONOMIC DEVELOPMENT ACTIVITY. (After the fact) (Ratification of contract signing) BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA: WHEREAS, the City of Miami Beach and the South Florida Art Center have entered into an Agreement for the purpose of funding a special economic development activity; and WHEREAS, the South Florida Art Center represents that in order to maintain operations through the end of this fiscal year, it is necessary to increase their Year 12 Contract by $3,500, due to an unanticipated shortfall; and WHEREAS, the City Manager amended said Contract with the South Florida Art Center in accordance with the authorization vested to the City Manager by the City Commission on July 29, 1987, under Agenda Item #C-5-A; and WHEREAS, the South Florida Art Center's operations are an integral part of the economic development strategy to revitalize the Lincoln Road Mall; and WHEREAS, the $3,500 necessary for the South Florida Art Center to maintain its operations through fiscal year end is available from CDBG contingency funds; and WHEREAS, the parties to the Agreement are desirous of amending the Agreement; and WHEREAS, the Agreement makes provisions for modifying said Agreement as an amendment thereto; and WHEREAS, the City Commission deems it to be in the best interest of the City, its residents and citizens that said Amendment 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 ratify the Contract Amendment executed by the 'Mayor and attached as part hereof, to the Agreement with the South Florida Art Center in the name of and on behalf of the City;; and the disbursing officers of the City are hereby authorized and directed to disburse the monies required by the terms of said Amendment to the Agreement from Community Development Block Grant funds heretofore allocated for said purpose. PASSED AND ADOPTED THIS 2nd da of Se•tembe 1987. Ard flPr M . 0' ATTEST: )2) 74 4 I CITY CLERK FORM APPROVED LEGAL DEPT. 0110r,---- • -E=.to_e2 , ORIGINAL RESOLUTION NO. 87-18950 (Amending the agreement between the City of Miami Beach and the So. Florida Art Center adopted by Resolution No. 86-18615, and authorizing an increase of Community Development Block Grant funds in the amount of $3,500 in order to fund a Special_. Econo- mic Development Activity. Ratification of contract signing. (after the fact)