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City of Sunny Isles Beach <br />18070 Collins Avenue <br />Sunny Isles Beach, Florida 33160 <br />(305) 947 -0606 City Hall <br />s s (305) 949 -3113 Fax <br />MEMORANDUM <br />TO: The Honorable Mayor and City Commission <br />FROM: Minal Shah, Assistant City Manager- Finance <br />DATE: 6/21/2012 <br />RE: Authority to Apply for a $500,000 Cultural Facilities Matching Grant. <br />RECOMMENDATION: <br />Staff is recommending the Commission authorize Staff to submit a $500,000 matching <br />grant application for the purpose of the expansion of Pelican Community Park's <br />Community Center. <br />REASONS: <br />The City has an opportunity to apply for a Cultural Facilities Grant funded by the Florida <br />Department of State through the Division of Cultural Affairs for the renovation, <br />construction and acquisition of cultural and community facilities. The maximum grant <br />award is $500,000 and requires a 2 to 1 match. Therefore, the City would be committing <br />to $1,000,000 of its own funds for matching purposes. However, the granting agency <br />allows for a "look back" period, where the matching can come from City expenses that <br />occurred in the recent 5 years from the application date. In this case, the City did expend <br />more than a $1 million in the construction of the Pelican Community Center. As such, no <br />additional monies are required for the City's matching funds requirement. <br />If awarded, the grant expenditures must occur between July 1, 2013 and April 1, 2015 <br />and the funds must be encumbered by June 30, 2014. <br />The City will be notified by July 2013 on award status. <br />Based on the project scope and the timing of expenditures, Staff deems that the <br />expansion of Pelican Community Park's Community Center would be the best suited <br />project for this grant. <br />ATTACHMENTS: <br />Resolution <br />Agenda Item No. 10TnDate 6/21/2012 <br />157 <br />