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HomeMy WebLinkAboutexhibit 1 -amendmentAMENDMENT #3 TO THAT CERTAIN MEMORANDUM OF AGREEMENT BETWEEN THE CITY OF MIAMI AND ALLAPATTAH BUSINESS DEVELOPMENT AUTHORITY, INC. This Amendment to that certain Memorandum of Agreement between the City of Miami, a municipal corporation of the State of Florida ("City") and Allapattah Business Development Authority, Inc. ("Subrecipient') dated October 3, 2003 (the "Agreement") is entered into this day of , 2004. RECITAL WHEREAS, the City and Sub -recipient, have heretofore entered into the Agreement which sets forth the terms and conditions pursuant to which the City provided Subrecipient the sum of two hundred sixty three thousand five hundred thirteen dollars ($263,513) to carry out Economic Development activities as authorized by the City Commission through Resolution No. 03-710; and WHEREAS, pursuant to Resolution No. passed and adopted by the Commission on May 27, 2004, Subrecipient was deobligated in funding in the amount of one hundred eighty eight thousand five hundred thirteen dollars ($188,513) the ("Reduction in Funds"), to amend the Work Program to be performed through September 30, 2004; and WHEREAS, all the funds are subject to the same terms and conditions contained in the Agreement. NOW, THEREFORE, in consideration of the foregoing, the City and Subrecipient hereby agree to amend the Agreement as follows: 1. Section 4.1 of this Agreement is amended to provide that the maximum compensation for services during the term of this Agreement is seventy five thousand dollars ($75,000). 2. Exhibit B of the Memorandum of Agreement (Work Program) is amended to the new Exhibit B attached to this Agreement. 3. Exhibit C of the Memorandum of Agreement (Budget) is amended to the new Exhibit C attached to this Agreement. IN WITNESS THEREOF, the City and Subrecipient have caused this instrument to be executed by their respective officials as of the date of the first above written. SUBRECIPIENT Allapattah Business Development Authority Inc. 2634 NW 21st Terrace Miami, FL 33142 a Florida not -for -profit corporation Q�fl tve-a-co y9v ATTEST: By: Name: Name: Title Title: CORPORATE SEAL: ATTEST: CITY OF MIAMI, a municipal Corporation of the State of Florida By: Priscilla A. Thompson City Clerk By: Joe Arriola City Manager APPROVED AS TO APPROVED AS TO INSURANCE FORM AND CORRECTNESS: REQUIREMENTS: By: By: Alejandro Vilarello Dania F. Carrillo, Administrator City Attorney Risk Management