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CDBG Agreement with MBCDC First Amendmenta?D~~- ~6~ ~ ~ c 7/~c-- y/6~~ FIRST AMENDMENT TO COMMUNITY DEVELOPMENT BLOCK GRANT AGREEMENT DATED OCTOBER 1, 2007, BETWEEN CITY OF MIAMI BEACH AND MIAMI BEACH COMMUNITY DEVELOPMENT CORPORATION THIS FIRST AMENDMENT TO COMMUNITY DEVELOPMENT BLOCK GRANT AGREEMENT is entered into this ~ day of ~pL~,g~.•ri,~ 2008, by and between the CITY OF MIAMI BEACH, a Florida municipal corporation, having its principal office at 1700 Convention Center Drive, Miami Beach, Florida, (City), and MIAMI BEACH COMMUNITY DEVELOPMENT CORPORATION (MBCDC), a Florida Not-for-Profit Corporation, with offices located at 945 Pennsylvania Avenue, Miami Beach, Florida. WITNESSETH: WHEREAS, the City of Miami Beach is an entitlement recipient of U.S. Department of Housing and Urban Development (HUD) as part of its Community Development Block Grant (CDBG) Program for the period of October 1, 2007, to September 30, 2008 (hereinafter "the contract period"); and WHEREAS, each year, the City prepares aOne-Year Action Plan detailing how it intends to allocate funds received from HUD to conduct eligible activities for the benefit of low and moderate income Miami Beach residents; and WHEREAS, periodically, it is necessary for the City to amend the One-Year Action Plan detailing how it intends to allocate funds received from HUD to conduct eligible activities for the benefit of low and moderate-income Miami Beach residents; and WHEREAS, on October 1St, 2007, the City of Miami Beach and MBCDC signed a Community Development Block Grant Agreement in the amount of ONE HUNDRED NINETY THOUSAND DOLLARS ($190,000) for North Beach Condominium Development Project; and WHEREAS, on July 16, 2008, the City Mayor and City Commission approved Resolution No. 2008-26852 authorizing the Mayor and City Clerk to execute and amendment to the CDBG Agreement dated October 1, 2007, between the City and Miami Beach Community Development Corporation (MBCDC) allowing the $190,000 CDBG allocation to be utilized for a Scattered Sites Homeownership Project in North Beach (Instead of for a single site building acquisition and rehabilitation project); and NOW, THEREFORE, in consideration of the mutual promises contained herein, the parties hereby amend the Agreement as follows: Section 2 on page 1 of the Agreement is deleted in its entirety and replaced with the following: Statement of Work: The Provider agrees to implement the Program in accordance with Attachments I and II, and summarized as follows: North Beach Scattered Sites Homeownership Project To provide assistance of up to $30,000 to a minimum of six (6) income eligible first time homebuyers to acquire housing units in the North Beach area. 3. Section 10 on page 3 of the Agreement is deleted is deleted in its entirety and replaced with the following: Term: This Agreement shall commence on October 1, 2007, and terminate on March 31, 2009, with the understanding that at the end of the Agreement, the City of Miami Beach City Commission has the authority to reappropriate any remaining unused funds. 4. ATTACHMENT I to the Agreement, entitled "STATEMENT OF WORK AND GOALS" is deleted in its entirety, and is replaced by a revised ""STATEMENT OF WORK AND GOALS" attached and incorporated hereto. 5. ATTACHMENT II to the Agreement entitled "BUDGET AND SUMMARY SHEET", is deleted in its entirety, and is replaced by a revised "BUDGET AND SUMMARY SHEET", attached and incorporated hereto. 6. Except as amended by this First Amendment, no other term or condition of the Agreement shall be modified and the same shall remain in full force and effect; provided, however, if any revision of this Amendment is in conflict with, or inconsistent with, any information in the Agreement, the provisions contained in this Amendment shall govern and control. 7. This Amendment shall be binding upon and shall inure to the benefit of the respective successors and assigns of the parties hereto. IN WITNESS WHEREOF, the parties hereto executed this Amendment as of the day and date first above written. ATTEST: MIAMI BEACH COMMUNITY DEVELOPMENT CORPORATION a Florida not-for-profit corporation C -. ~C Secretary ATTEST: c~~l- ~~ ity Clerk Roberto orre President, Authorized Signatory CITY OF MIAMI BEACH a Florida Municipal Corporation a i Herrera ower, Mayor A R D AS TO FORM & LANGUAGE 8~ FO ELUTION ZS~ 08' ~ mey ~ ate CDBG AGREEMENT October 1, 2007 to September 30, 2008 ATTACHMENT I STATEMENT OF WORK AND GOALS DESCRIPTION OF PROGRAM To provide assistance of up to $30,000 to a minimum of six (6) income eligible first time homebuyers to acquire housing units in the North Beach area. PROGRAM GOALS AND MEASURABLE OUTCOMES 1. Applicant Income Certification Process and Affordability Study 2. Application for Bank Mortgage and Sales Contract Negotiation 3. Closing of Unit SCHEDULE FOR IMPLEMENTATION Goal 8/2008 9/2008 10/2008 11/2008 12/2008 1/2009 2/2009 3/2009 1 X X X 2 X X X 3 X X Page 1 of 1 CDBG AGREEMENT October 1, 2007 to September 30, 2008 ATTACHMENT II BUDGET SUMMARY SHEET Project Name: NORTH BEACH SCATTERED SITES HOMEOWNERSHIP Funding Year: 2007/2008 Provider Name: CITY OF MIAMI BEACH HOUSING AND COMMUNITY DEVELOPMENT Category Number Category Breakdown CDBG Funds Other Funds Other Funding Sources Total Funds Unit 1 30,000 40,000 SHIP 70,000 Unit 2 30,000 40,000 SHIP 70,000 Unit 3 30,000 40,000 SHIP 70,000 Unit 4 30,000 40,000 SHIP 70,000 Unit 5 30,000 40,000 SHIP 70,000 Unit 6 30,000 40,000 SHIP 70,000 Total CDBG/ESG Funds $180,000.00 Total Other Funds 240,000 Grand Total 420,000 Page 1 of 2 CDBG AGREEMENT BUDGET ITEMIZATION SHEET Project Name: NORTH BEACH SCATTERED SITES HOMEOWNERSHIP Funding Year: 2007/2008 Provider Name: CITY OF MIAMI BEACH HOUSING AND COMMUNITY DEVELOPMENT Cate o Amount Category Category Breakdown CDBG Funds Other Funds Total Funds Number Total Amount $190,000 0 Page 2 of 2 m MIAMIBEACH Interoffice Memorandum To: Robert Parcher City er Via: .Fernandez, Assistant City Manager From: Anna Parekh, Director Housing and Community Development Division Date: September 12, 2008 subject: First Amendment to CDBG Agreement dated October 1, 2007 Pursuant to Resolution No. 2008-26852, attached is the original First Amendment to the CDBG Agreement dated October 1, 2007, between the City and Miami Beach Community Development Corporation (MBCDC) which has been form approved by the City Attorney, signed by MBCDC, and is ready to be fully executed by you and by the Mayor. Please call me if you have any questions. Otherwise, let me know when the document is fully executed so that we can pick it up. Thank you. HMF/AP F:\neig\HSG-CDWNNA\Memos\Memo City Clerk CDBG Agreement 1stAmend.doc