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Resolution 86-18600 S RESOLUTION NO. 86-18600 A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, AMENDING THE AGREEMENT BETWEEN THE CITY OF MIAMI BEACH AND THE MIAMI BEACH DEVELOPMENT CORPORATION ADOPTED BY RESOLUTION #85-18215 AND AUTHORIZING AN EXTENSION TO THE TERM OF THE AGREEMENT TO DECEMBER 31, 1986. BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA: WHEREAS, the City of Miami Beach and the Miami Beach Development Corporation have entered into an Agreement for the purpose of funding a South Miami Beach Commercial Revitalization Program; and WHEREAS, Miami Beach Development Corporation represents that it can successfully achieve its contractual goals by December 31, 1986; 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 execute the Amendment attached as part hereof, to the Agreement with the Miami Beach Development Corporation 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 J l OP ►' D THIS 1st day of October 1986. I ./ lor MAY*R ATTEST: CITY CLERK STP/dd FORM APPROVED 0P'PT By 1 — Date `11.1q!XL—. ORIGINAL RESOLUTION NO. 86-18600 (Amending the agreement between the City of Miami Beach and the Miami Beach and the Miami Beach Development Corporation adopted by Resolution #85.18215 and authorizing an extension to the term of the agreement to December 31. 1986)