11A6 - Increase Overtown Development Grant to $12.9m

RESOLUTION APPROVING OF AND AUTHORIZING THE COUNTY MAYOR OR COUNTY MAYOR'S DESIGNEE TO EXECUTE A SECOND AMENDMENT TO THE GRANT AGREEMENT BETWEEN MIAMI-DADE COUNTY AND 1109 NW 2ND AVE LLC, A FLORIDA LIMITED LIABILITY COMPANY ( — COMPANY — ), WHICH SUCH AMENDMENT INCREASES THE AMOUNT OF THE GRANT FROM $8,600,000.00 TO $12,957,876.00, FOR THE PURPOSE OF FUNDING THE COMPANY'S ACQUISITION AND DEVELOPMENT OF PROPERTIES IN THE OVERTOWN AREA WITH AFFORDABLE HOUSING AND COMMERCIAL DEVELOPMENT, AND TO EXERCISE ALL PROVISIONS CONTAINED THEREIN, INCLUDING CANCELLATION, TERMINATION AND AMENDMENT PROVISIONS; AND AUTHORIZING THE COUNTY MAYOR OR COUNTY MAYOR'S DESIGNEE TO ALLOCATE AND DISBURSE TO THE COMPANY THE ADDITIONAL $4,357,876.00 FROM THE FUNDS RECEIVED BY MIAMI-DADE COUNTY PURSUANT TO RESOLUTION NO. R-860-13 FOR PROJECTS LOCATED WITHIN THE OVERTOWN AREA