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98-22802 RESO RESOLUTION NO. 98-22802 A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, APPROVING AND APPROPRIATING A GRANT IN THE SUM OF $150,000, TO BE FUNDED FROM UNALLOCATED RESORT TAX COLLECTIONS, TO THE SANFORD L. ZIFF JEWISH MUSEUM OF FLORIDA FOR THE CONTINUED OPERATION OF SAME. WHEREAS, the Sanford L. Ziff Jewish Museum (the Jewish Museum), located at 301 Washington Avenue, is an important cultural institution of the City of Miami Beach; and WHEREAS, the Jewish Museum has provided substantial continuing benefits to the citizens of and visitors to the City and has enriched the cultural life of our community; and WHEREAS, the Mayor and City Commission approved a loan in the amount of $500,000 from Resort Tax Funds to the Jewish Museum, (MOSAIC, Inc.), to facilitate renovations for Congregation Beth Jacob located at 301 Washington Avenue within the city limits; and WHEREAS, the current principal amount outstanding is $457,600 and the Jewish Museum has been timely with all interest and principal payments; and WHEREAS, the Jewish Museum has requested that the City assist it with a proposed grant, in the amount of $150,000, to be funded from unallocated Resort Tax Collections, to assist the Museum with development of exhibits and building improvements. NOW THEREFORE BE IT RESOLVED BY THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, approving and appropriating a grant in the sum of $150,000, to be funded from unallocated Resort Tax Collections, to the Sanford L. Ziff Jewish Museum of Florida for the continued operation of same. PASSED AND ADOPTED THIS 1st DAY OF July , 1998. 1//11 Mayor Attest: --1 1 \ I'" ! ~. [' i LLt " / L [' {. t U City Clerk APPROVED AS TO FORM & lANGUAGE & FOR EXECUTION PDW:qJ C:IOFFICEIWPWlN\WPDOCSIWPDOCS 1 IJEWlSH,RES 1tl/!,1I!- ~{;;IJY ~ITY OF MIAMI BEACH :lTY HALL 1700 CONVENTION CENTER DRIVE MIAMI BEACH, FLORIDA 33139 ttp:\\ci.miami-beach. fl. us COMMISSION MEMORANDUM NO. -=! A 3-98 TO: Mayor Neisen Kasdin and Members of the City Co ission DATE: July I, 1998 FROM: Sergio Rodriguez City Manager SUBJECT: V A RESOL ION APPROPRIATING THE SUM OF $150,000 AND AWARDING SAME TO THE SANFORD L. ZIFF JEWISH MUSEUM OF FLORIDA, WITH FUNDING TO COME FROM UNALLOCATED RESORT TAX COLLECTIONS RECOMMENDA TION Adopt the.Resolution. . FUNDING Funds will be available from unallocated collections of resort taxes. BACKGROUND The Sanford L. Ziff Jewish Museum (the Jewish Museum) is an important cultural institution of the City of Miami Beach, which, during its short existence, has provided substantial, continuing benefits to our citizens and visitors and has enriched the cultural life of our community. On March 16, 1994 the Mayor and City Commission approved a loan in the amount of $500,000 from Resort Tax Funds to the Jewish Museum (MOSAIC, Inc.), to facilitate renovations for Congregation Beth Jacob located at 301 Washington Avenue within the city limits. This facility is the permanent home for the MOSAIC collection. The current principal amount outstanding is $457,600 and the Jewish Museum has been timely with all interest and principal payments. Additionally, the City has provided assistance to the Jewish Museum in the form of grants of $115,000 in October 1995 and of $150,000 in March 1997. ANALYSIS The Jewish Museum has requested that the City continue providing financial assistance in the form of an additional $150,000 grant for their fiscal year 1997-1998. This funding will assist in developing unique exhibits for the Jewish Museum as well as provide for the continued maintenance and improvement of their facilities. CONCLUSION Adoption of the Resolution is in the best interest of the City of Miami Beach and is consistent with the City's continuing efforts to promote the cultural arts in our community. (l~:V:cp ~A\$DlR\WPWlN60\ 1998\CITYCOMM\JEWISH,MUS AGENDA ITEM C~l C- {-1-1 ~ DATE