HomeMy WebLinkAboutExhibitAMENDMENT NO. 1 TO GRANT DISBURSEMENT AGREEMENT
This Amendment No. 1 ("Amendment") to the Grant Disbursement Agreement
("Agreement") dated , 2009, is made this day of , 2010 by
and between MiMo Business Improvement Committee, Inc., a not for profit Florida
corporation, having its principal place of business at 7100 Biscayne Boulevard, Suite
102, Miami, Florida 33138, and the City of Miami, a municipal corporation of the State of
Florida, having its principal place of business at 3500 Pan American Drive, Miami
Florida 33133 ("City").
RECITAL
WHEREAS, Business Improvement Districts, ("BIDs") have been used
throughout the country as a successful tool to fund supplemental services and capital
improvements to an area through a self assessment; and
WHEREAS, the City has successfully transformed a business improvement
committee into a business improvement district in Coconut Grove; and
WHEREAS, the Miami Modern ("MiMo")/Biscayne Boulevard Historic District was
designated in 2006 on Biscayne Boulevard from 50th street north to 77th street to
preserve and protect the 1950's -era architecture along the business corridor; and
WHEREAS, the MiMo Business Improvement Committee, Inc. ("MiMo BIC"), a
private corporation was formed to "create a business improvement district that will
revitalize Miami's historic MiMo Biscayne Boulevard"; and
WHEREAS, the MiMo BIC's purpose includes exploring and defining proposed
BID boundaries, determining baseline and supplemental services, and educating and
preparing property owners to support an affirmative vote creating a BID; and
WHEREAS, the City Commission, on May 14, 2009, by Resolution R09-0226
authorized a grant to MiMo BIC of $100,000 to allow it to accomplish the purposes for
which it was established; and
WHEREAS, the MiMo BIC is nearing completion of the process of forming the
MiMo BID; and
WHEREAS, the City continues to support this purpose and approves additional
funding in the amount of $50,000 to be designated as a valid use of public funds,
providing the MiMo BIC the funds necessary to complete the formation of a BID;
WHEREAS, the MiMo BIC and the City desire to amend the Agreement to
provide for additional funds;
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NOW, THEREFORE, for and in consideration of the MiMo BIC's successful
completion of forming the MiMo BID and the reciprocal agreements set forth herein, the
MiMo BIC and the City agree as follows:
ARTICLE I
DISBURSEMENT PROCEDURE
1. Article 1.2 of the Agreement is hereby amended to include additional
language as follows:
1.2. (b) On or before June 15, 2010, the City shall disburse an
additional $50,000 of the Grant Funds to RECIPIENT representing the costs necessary
for the completion of the PROJECT.
ARTICLE 11
MISCELLANEOUS
2. Article 2.1 of the Agreement is hereby amended as follows:
2.1 Entire Agreement. This Agreement and Amendment Number 1 to
the Agreement constitutes the entire agreement between the parties hereto and no
other agreements or representations, unless incorporated in this Agreement, shall be
binding upon any of the parties hereto. The parties acknowledge and agree that
except as specifically modified hereby, all of the provisions of the Agreement
which are not in conflict with the terms of this Amendment shall remain in full
force and effect.
IN WITNESS WHEREOF, this Agreement has been executed by the RECIPIENT
and the City on the date first above written.
M
BARBARA B. GIMENEZ
SECRETARY
(CORPORATE SEAL)
WM
RECIPIENT:
MiMo Business Improvement Committee,
Inc., a Florida not for profit corporation
7100 Biscayne Boulevard, Suite 102
Miami, FL 33138
SINUHE VEGA, PRESIDENT
PRESIDENT
ATTEST:
PRISCILLA A.THOMPSON
CITY CLERK
APPROVED AS TO INSURANCE
REQUIREMENTS:
LEEANN BREHM
RISK MANAGEMENT
-3-
CITY OF MIAMI, a municipal
corporation of the State of Florida:
BY:
CARLOS A. MIGOYA
CITY MANAGER
APPROVED AS TO FORM AND
CORRECTNESS:
JULIE O. BRU
CITY ATTORNEY