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<br />AGREEMENT <br />BETWEEN <br />THE CITY OF SUNNY ISLES BEACH FLORIDA <br />AND <br />MIAMI-DADE COUNTY <br /> <br />GOB Project Number 56-70563/Redesign Active Park <br /> <br />THIS AGREEMENT (the "Agreement") by and between Miami-Dade County, a political <br />subdivision of the State of Florida (the "County"), through its governing body, the Board <br />of County Commissioners of Miami-Dade County, Florida (the "Board") and the City of <br />Sunny Isles Beach, Florida, a municipal corporation organized under the laws of the <br />State of Florida, through its governing body, the Mayor and commissioner~the City <br />~nny ~s Beach, Florida (the "Municipality") is entered into this () day of <br />~ ~ , 2006. <br /> <br />WITNESSETH <br /> <br />WHEREAS, on July 20, 2004, the Board enacted Resolution Nos. R-912-04, R- <br />913-04, R-914-04, R-915-04, R-916-04, R-917-04, R-918-04 and R-919-04 authorizing <br />the issuance of $2.926 billion in general obligation bonds for capital projects and on <br />November 2, 2004, a majority of those voting approved the bond program (the "BBC <br />GOB Program"); and <br /> <br />WHEREAS, the aforementioned Resolutions include specific countywide <br />projects, neighborhood projects for the Unincorporated Municipal Service Area and <br />municipalities and associated allocations for activities such as but not limited to <br />development, improvement, rehabilitation, restoration or acquisition of real property; and <br /> <br />WHEREAS, GOB Project Number 56-70563/Redesign Active Park, (the <br />"Project") is eligible for funding from the BBC GOB Program in a total amount not to <br />exceed $347,000 (the "Funding Allocation"); and <br /> <br />WHEREAS, the Municipality is undertaking completion of a recreation center and <br />various park facilities which was specifically approved as part of the BBC GOB Program <br />or is eligible for funding from one of the programs to be funded under the BBC GOB <br />Program; and <br /> <br />WHEREAS, the Redesign Active Park Project is estimated to cost $8,094,000 <br />(the "Total Project Cost") and will be funded from the sources listed in Exhibit 1; and <br /> <br />Building Better Communities Municipal Agreement <br /> <br />I of II <br /> <br />SIB '1J <br />