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<br />Preview <br /> <br />Page 1 of 1 <br /> <br /> <br />City of Sunny Isles Beach <br />18070 Collins Avenue <br />Sunny Isles Beach, Florida 33160 <br /> <br />(305) 947-0606 City Hall <br />(305) 949-3113 Fax <br /> <br />MEMORANDUM <br /> <br />TO: <br /> <br />The Honorable Mayor and City Commission <br /> <br />FROM: <br /> <br />Doug Haag, Assistant City Manager - Finance <br /> <br />DATE: <br /> <br />9/1 7/2009 <br /> <br />RE: <br /> <br />APPROVAL OF FRDAP GRANT APPLICATION FOR <br />REIMBURSEMENT OF PROPERTY ACQUISITION AT 488 SUNNY <br />ISLES BOULEVARD <br /> <br />RECOMMENDATION: <br /> <br />Approve the attached resolution authorizing the City Manager to take the necessary steps <br />to apply for reimbursement for part of the cost of acquiring the old Lagoon Restaurant <br />property at 488 Sunny Isles Boulevard. <br /> <br />REASONS: <br /> <br />This application is for the 2010/11 grant year. The anticipated grant amount is up to <br />$200,000. The grant application was due September 15, 2009. Notification of grant <br />award is expected summer, 2010 and if we are successful the next step will consist of <br />approving the grant agreement. There is a 50% match requirement which we will exceed. <br /> <br />FUNDING SOURCE: <br /> <br />Funds are available in the FY 2009/10 Land Bank Fund in account 50-545-5652C. <br /> <br />ATTACHMENTS: <br />. Resolution <br /> <br />httn:1 /siba[!enda.sibfl.net/a[!enda/Previ ew.asnx?T tern TD=Rtl& M eeti no-Tn <br /> <br />Agenda Item , 0 U, <br />Date q - \l- 09 <br />