37-85 RDARESOLUTION NUMBER 37-85
BE IT
A RESOLUTION OF THE MIAMI BEACH
REDEVELOPMENT AGENCY AUTHORIZING AND
DIRECTING THE EXECUTION OF AN AGREEMENT
BETWEEN THE M[AMI BEACH REDEVELOPMENT
AGENCY AND THE CITY OF MIAMI BEACH FOR THE
PURPOSE OF FUNDING A SPECIAL ECONOMIC
DEVELOPMENT ACTIVITY ENTITLED THE SOUTH
POINTE CO-DEVELOPMENT PRO3ECT.
RESOLVED BY THE MIAMI BEACH REDEVELOPMENT AGENCY, THAT,
WHEREAS, the City oi Miami Beach, hereinafter referred to as the "City", is
authorized by Commission Memorandum No. 5467 dated 3anuary 21, 1976, to prepare an
Application for a Community Development Block Grant, hereinafter referred to as 'CDBG
Funds" and to design and implement such systems as are necessary to ensure that the
Community Development Program is developed, conducted and administered in accordance
with Title I of the Housing and Community Development Act of 1974, as amended, and any
Federal regulations promulgated thereunder, as well as applicable State and Local
Authorities, and in such capacity is authorized to enter into and execute agreements with
other departments and agencies within the City; and
WHEREAS, the City has duly submitted the Year Eleven Final Statement of
Objectives and Projected Use of Funds to the United States Department of Housing and
Urban Development, hereinafter referred to as "HUD", for a total of $2,672,500 in block
grant resources; of which $2,247,000 are Year Eleven entitlement funds and $~25,500 are
reprogrammed prior year funds; and
WHEREAS, the Miami Beach Redevelopment Agency, hereinafter referred to as
the 'Prorider", desires to enter into a contract with the City of Miami Beach for the
purpose of developing the South Pointe area; and
WHEREAS, the Provider will receive a total amount of 545,000 from CDBG
Funds, to be used for the above stated purpose; and
WHEREAS~ the CDBG Funds are conditional upon the approval for release of
funds from HUD; and
WHEREAS, the Executive Director has recommended to the Redevelopment
Agency that said Agreement be entered into; and
WHEREAS, an appropriate Agreement has been prepared and has been approved
as to legal form and sufficiency by the City Attorney, which Agreement sets forth the terms
and conditions o£ said project; and
WHEREAS, the Redevelopment Agency deems it to be in the best interests of
the City and its residents and citizens that said Agreement be entered into;
NOW, THEREFORE, BE IT DULY RESOLVED BY THE MIAMI BEACH
REDEVELOPMENT AGENCY, that the Chairman and Secretary are hereby authorized and
directed to execute an agreement with the City of Miami Beach, on behalf of the
Redevelopment Agency, and disbursing officers of the Redevelopment Agency are hereby
authorized and directed to disburse the funds required by the terms of said Agreement ~rom
CDBG Funds herealter allocated for said purpose.
PASSED AND ADOPTED THIS 16th DAY OF October
__, 1985.
ATTEST:
Secretary
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