HomeMy WebLinkAboutR-84-0569J-84-433
RESOLUTION NO. 84-- 56 S
A RESOLUTION AUTHORIZING THE CTTY MANAGER
TO EXECUTE AN AMENTNIENT , IN A FOPI`t ACCEPT-
ABLE TO THE CITY ATTORNFY ,TO ARTTCT.E IV
OF THE MEMORANDUM OI? AGREEMENT RF T »EEN
THE OVERTOWN FCONOMTC DE'VELOPP;ENT CORPORA-
TION (OEDC) AND THE CTTY, DATED APRIL 21,
1981, TO PROVIDT, A LINE -ITEM BUDGET INCREASE
OF $6,787.75 TO OEDC FOR THE PURPOSE OF
ACQUIRING PERMANENT COMPREHENSTV1" INSURANCE
(PUBLIC LIABILITY, FTRE AND REPLACEMENT OF
STRUCTURE COVERAGE) FOR THE OVERTOWN SHOP-
PING CENTER; WITH FUNDS THEREFOR ALLOCATED
IN AN AMOUNT NOT TO EXCEED $6,787.75 FROM
THE SPECIAL PROGRAMS AND ACCOUNTS CONTINGENT
FUND.
WHEREAS, the City Commission adopted Resolution No. 81-
158 on March 17, 1981, authorizing the City Manager to execute
an agreement with the Overtown Economic Development Corporation
(OEDC) for the leasing, construction and management of the
Overtown Shopping Center, with funding from the Economic Deve-
lopment Administration and a local match; and
WHEREAS, the CITY and OEDC did execute a Memoradum of
Agreement on April 21, 1981, for the purpose of improving and
rehabilitating the Overtown area and to stimulate its economic
development by constructing a shopping center, thereby creating
jobs and stimulating additional commercial activity in the
neighborhood; and
i
WHEREAS, Article IV H of this Memorandum of Agreement
specified the services to be performed by OEDC and provides that
the OEDC may be reimbursed; and
WHEREAS, the OEDC has incurred expenses for legal services,
accounting services, advertising, travel and personnel and de-
sires to hire a clerk of the works and a secretary/Administrative
Assistant to perform services related to monitoring construction
programs; and
WHEREAS, the City has identified a sum of $35,000 to
provide the advance payment requested by OEDC in a memorandum
received by the City of December 14, 1982; and
CITY COMMISSION
MEETING GI'
MAY 10 1984
E
WHEREAS, Article IV of the Memorandum of Agreement
between the City and OEDC, dated April_ 21, 1981, was amended
on December. 20, 1.982; and
WIIEREIAS , such amendment attached and incorporated a
j line -item budget total.incl $69,380 to the Agreement and stipu-
lated that any increase in the budget total required a written
amendment to the Agreement; and
WHEREAS, the Overtown Economic Development Corporation
(OEDC) indicated in a letter, dated April 23, 1984, that it
needed additional_ funds in the amount of $6,787.75 to cover
the costs of acquiring permanent comprehensive insurance
(including public liability, fire and replacement of structure
coverage) for the Overtown Shopping Center; and
WHEREAS, the City has identified funds to cover said
costs of the compreliensi-�7e insurance in the Special Programs
and Accounts Conti.ncJent Lund.
NOW, THEREFORE, L'E IT RESOLVED BY THE COMMISSION
OF THE CITY of MIAMI, FLORIDA-
Section 1. The City Manager is hereby authorized to
j execute an amendment,in a form acceptable to the City Attorney,
i
3 to Article IV of the Memorandum of Agreement between the OEDC
{ and the City, dated April 21, 1981, to provide a line -item
budget increase of $6,787.75 to OEDC for the purpose of
acquiring permanent comprehensive insurance (public liability,
fire and replacement of structure coverage) for the Overtown
Shopping Center.
i
Section 2. A sum not to exceed $6,787.75 is hereby
allocated from the City of Miami's Special Programs and Accounts
Contingent Fund.
PREPARED AND APPROVED BY:
r
OBERT F. CLARK, D PUTY CITY ATTORNEY
APPROVED AS TO FORM AND CORRECTNESS:
14 -vct�
E GARCIA-•PEDROSA, CITY ATTORNE__Y
8Y+J56C}'
0
AMENDMENT
An AMENDMENT to a Plemoratidum of Agreement dated April 21,
' 1981, betw(,en thn City of Miami-, hereinafter called the "CITY"
and the Overtown Economic Development Corporation, hereinafter
referred to as "OEDC".
WITNESSETH
WHEREAS, the City Commission adopted Resolution No. 81-158
on March 17, 1981, authorizing the City Manager to execute an
agreement with the Overtown Economic Development Corporation for
the leasing, construction and management of the Overtown Shopping
Center, with funding from the Economic Development Administration
and a local match; and
WHEREAS, the CITY and OEDC did execute a Memorandum of
Agreement on 7�pi- 1 121, 1981, for the purpose of improving and
rehabilitat_.in(4 the Overtown area and to stimulate its economic
development i)y constructing a shopping center, thereby creating
jobs and stimulating additional commercial activity in the
neighborhood; and
WHEREAS, Article IV H of this Memorandum of Agreement
specifies the services to be performed by OEDC and provides that
the OEDC may be reimbursed; and
t
WHEREAS, the OEDC has incurred expenses for legal services,
accounting services, advertising, travel and personnel and
desires to hire a clerk of the works and a secretary/Administra-
tive Assistant to perform services related to monitoring con-
struction programs; and
' WHEREAS, the OEDC has submitted to the CITY a line item
budget requesting $69,380 for administrative services as speci-
fied in Article Iv; and
WHEIZEAS, the CITY has idenfitied a sum of $35,000 to
provide the advance payment requested by OEDC in a memorandum
received by the City on December 14, 1982; and
EN
WHEREAS, Article IV of. the Memor_a.nOiim of Agreement between
OEDC and the C7TX, dated Apt:.i.l 21, 1.9s11_ wits )m—nded on December
29, 1982, and
WHERrZr,, st1c'h amendment attached and a line -
item budget t.ota_li_ng $69,380 to the Agreement and stipulated
that any increase in the budget total required a written
amendment to the Agreement; and
WHEREAS, the Overtown Economic Development Corporation
indicated in a letter, dated April 23, 1984, that it needed ad-
ditional funds in the amount of $6,787.75 to cover the cost of
acquiring permanent comprehensive insurance (includes public
liability, fire and replacement of structure coverage) for the
Overtown Shopping Center; and
WHEREAS, the City has identified funds to cover said costs
of the comprehensive insurance in the Special Programs and
Accounts Cont.inc�ent fund.
NOW, in recognition of good and valuable con-
sideration and upon the promises and mutual covenants herein
contained, the parties hereto agree as follows:
Section 1. Article IV of the Memorandum of Agreement be-
tween OEDC and the CITY, dated April 21, 1981, is hereby amended
by adding the following item:
0. A line -item budget increase request of $6,787.75
is attached and hereby incorporated and made part
of this Agreement as "Attachment A". This budget
increase is Allocated to cover_ the co:;t_:� of acquiring
permanent comprehensive insurance (public liability,
fire and replacement of structure coverage) on the
Overtown Shopping Center.
84-56
w
It is understood by both parties of this Agreement that all
other condi-t:i_ons ontli.necl under the original Memorandum of
Agreement, Ape 1.1_ 71 , 1.9U., rnmai_n in t=till_ force and
effect wi.thoi3t. Tno(li.f i_c at:i_on, Qx-cc jet a provi-deci, 1�er - -i
THIS AGREt t-'iENT shall. tai;e effect- upon if.; exec-ut=ion.
IN WlTiqrSS WHEPEOF, the parties, hereto have caused these
present to be executed by the respective officials thereunto
duly authorized on this _ day of
1984.
CITY OF MIAMI, a municipal
corporation of the State
of Florida
ATTEST:
By
RALPH G. ONGIE, CITY CLERK
01
APPROVED AS TO FORM AND CORRECT- OVERTOWN ECONOMIC DEVELOPMENT
CORPORATION, CORPORATION, A Florida corp-
oration not for profit
By
JOSE GARCIA-PEDROSA, CITY ATTORNEY President
ATTEST
By
Secretary
(Corporate Seal)
84-SGS
r (
^1 -',
CIIARLEu CASH OVERTOWN r.CONOMIC DEVELOPMENT CORPORATION.
Prr.av;d en t
CUARLFS <IOHNSON
Vier rr"idpnt
IM NA CHAPMAN
,Srrrrfrry Treasctrer
April 23, 1984
PoAT?0 Af1.-*M lF.RS
—" IA ftF,S T. RARNES
LAURA t3E,THEL
RICIIARD DAVENPORT -�
rF'17YESTON Ms. Charlotte Gallogly �� •'�
,ti IVNIE HOOKS Director, Economic Development
b> WILLIAM T. JOHNSON
JACK LINDSEy City Of Miami
GENE McCLEAN 174 East Flagler Street
JOYCErAI?KS Olympia Building 7th Floor
DONALD G. STEVENSON
r Gr'ORGFTURNER Miami, Florida 331.31
ADVISORYBOARD Dear Ms. Ga.l.logly: �
:== ANN MARIE ADKF.R
WARREN L. III,ACIiD10N
Because of the construction delays and leasing problems,
we, OEDC, have exhausted our administrative budget for
the Shopping Center.
Therefore, we are requesting that our administrative
budget be modified to cover the cost of acquiring
permanent insurance on the Shopping Center, This com-
prehensive poli-(:�r includes public liability, fire and
replacer ilt of the st-ructure at a cost of $6, 787 .75.
If there are m)y questions regarding this matter, don't
hesiU-,t.e t.() contact me.
Si.I cerc-ly,
Jot/ph 1';7ilson
Executive
Director
JW:cc
4`6 c
807 N. W. 3rd A VENUE MIAMI, FLORIDA 33125 (305) 374-1171
CITY OF IVIIA+11, (LU�?IL7^•, ( — ��G {� {
INTER -OFFICE MEMORnNi:'lt. M `f tt» J j✓_ µ ^l`
TO Howard V. Gary
DATE, April 24, 1.984 FILE:
City Manager
sua�EtT Provision Of A Line -Item
Budget Tnc reasr, Of $6,787.75
To The OV<?T'f=f_)4�?-1 Economic
Charlotte Gallogly
� De-1rel.op:rnel�t: Corporation
FROM
Director
� REFERENCES
Department of
Economic May 1.0 Commission Agenda
Development
ENCLOSURFS
"It is recommended that the City
Commission approve the attached
resolution authori7i_ng the City
Manager to execute an amendment
to Article IV of the Memorandum
Qa
of Agreement between the Overtown
..
Economic Development Corporation
�y
--.1 "
(OEDC) and the City, to provide
LLN
.-,
a line -item budget increase of
$6,787.75 for the purpose of
acquiring permanent comprehensive
insurance on the Over_town Shop-
ping Center; with funds there-
Q
fore allocated from the Special
Programs and Accounts Contingent
Fund."
On April 23, 1984, the City of }li.ami Department of Economic
Development received the ;-_3ttached letter_ from Mr, Joseph
Wilson, Execut.i.ve T)i.r. c ct.ol. of the 01,7erto1%:n Economic Develop-
ment Corhor.aLi on (CiI IBC') , i-cmle:,ting the num of $6,787.75
to cover thr2 c.,oc;t of acquiring I-)el.ma.nrnt comprehensive
insurance (i rl lt7de: }:lI}:71i_c ] i a}�i_1_i_t:y, fire and replacement
of structure coy-<r-:gc) for the Overto,,,,n Silo})ping Center.
Previously, through an amendment: executed on December 29,
1982, the Cit•,� provided OEDC with funds in the aTllOUI-It of
$69,380 for administrative expenses related to the manage-
ment of the shopping center.
It is recommended that the attached amendment be executed so
that OEDC's administrative budget can be increased by $6,787.75
for the cost associated with said insurance.
CG/AR/ju
Attachments