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95-21562 Reso RESOLUTION NUMBER 95-21562 A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, AUTHORIZING AND DIRECTING THE SUBMISSION OF A GRANT APPLICATION TO THE ECONOMIC DEVELOPMENT ADMINISTRATION (EDA) FOR THE RENOVATION AND CONVERSION OF THE 10TH STREET AUDITORIUM WHEREAS, Funding is available under the Public Works and Development Facilities Assistance Program of the Economic Development Administration, for the purpose of contributing to the economic development of distressed areas; and WHEREAS, The City of Miami Beach desires to participate in this program; and WHEREAS, It will benefit the City to apply for the funding in order to enhance the economic vitality of the hotels located in the City'S Historic District and to provide much needed short and long term emplOYment opportunities for area residents. NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, that the Mayor and the City Clerk are authorized to submit an application for funding to the Economic Development Administration in accordance with the provisions set forth under the Public Works and Development Facilities Assistance Program. DAY April ~~. ~_.~- CITY CLERK EDA.RES By Date FORM APPROVFD up Dept. Tt/Y "1- \ ~ - ,,~ CITY HALL 1700 CONVENTION CENTER DRIVE MIAMI BEACH FLORIDA 33139 CITY OF MIAMI BEACH COMMISSION MEMORANDUM NO. 320-95 TO: Mayor Seymour Gelber and Members of the City Commission DATE: April 19, 1995 FROM: Roger M. Carlton City Manager SUBJECT: A RESOLUTION AUTHORIZING AND DIRECTING THE SUBMISSION OF A GRANT APPLICATION TO THE ECONOMIC DEVELOPMENT ADMINISTRATION (EDA) FOR THE RENOVATION AND CONVERSION OF THE 10TH STREET AUDITORIUM ADMINISTRATION RECOMMENDATION The Administration recommends that the Mayor and City Commission adopt the attached resolution authorizing the submission of a grant application in the amount of $1,040,000 for the renovation and conversion of the 10th street Auditorium. BACKGROUND On March 19,1993, the City of Miami Beach submitted a pre-application for a Title IX SSED funding to the Economic Development Administration (EDA) in the amount of $1.3 million, for the renovation and conversion of the 10th street Auditorium. The Title IX funds were specifically earmarked as part of President Clinton's economic stimulus package in the wake of Hurricane Andrew. The funding was very competitive and was aimed primarily at areas of the county south of Kendall Drive Sylvester Lukis, the City's representative in Washington D.C., has been monitoring this grant process and has made numerous efforts through Congressman Peter Deutsch's office to include Miami Beach's application in a federal funding cycle. The City of Miami Beach has been advised that in order to continue to be considered for funding, the grant request must be resubmitted through the Title I - Public Works and Development Facilities Assistance Program. This program allows us to apply for 80 percent of the project cost and requires a local commitment of the remaining 20 percent. TCCEA funds are proposed for the local share of the project as well as funds provided by the Ocean Drive Association. The focus/objective of this program is the generation of construction related jobs and long-term permanent jobs. AGENDA ITEM ~ - 1-:T DATE~ The application involves a two-tiered process involving a pre-application and a formal application which is contingent upon approval of the pre-application by EDA's regional office in Atlanta. Due to the prioritization of this project in Washington, approval of the pre-application step is not anticipated to be a problem. ANALYSIS Under the provisions of the program, the City will request the maximum eligible dollar amount, anticipated to be approximately $1 million. The project is currently under concept review and may be a $2.5 million project. Based on our current schedule as well as type of information and material required in the pre-application, we have been given until April 24th, 1995 to submit the pre- application. Lola Smith, the Economic Development Representative for Florida, has assured us full cooperation on behalf of the EDA to expedite the review and approval process. Within two weeks of April 24th, 1995, the City will receive notification to proceed in submitting a full application. The City will have thirty days to submit the application. The EDA will then require two to three weeks to review and approve the funding. We should have an answer on our final approval for funding no later July, 1995. CONCLUSION This federal funding, albeit later than anticipated, will go a long way to making this important project a reality. It is therefore recommended that the City Commission authorize the Administration to continue working on the application process in order to be able to submit the pre-application by April 24th, 1995. The importance of the project in relation to the City's effort to maintain its headquarter designation for the Florida Entertainment Commission cannot be overemphasized. Attachments RMC/HM:kob