01/13/1999
AMENDMENT TO INTERLOCAL AGREEMENT FOR GRANT OF FUNDS
THIS AMENDMENT TO AGREEMENT dated 13t1daYOfJAN, 199.2. is
entered into by and between the Board of County Commissioners for Monroe County
(hereinafter "COUNTY"), on behalf of the Tourist Development Council (hereinafter
"TDC), and the City of Key West (hereinafter "CITY").
WHEREAS, the parties hereto have entered into an interlocal agreement for
grant of Tourist Development revenues to finance a beach improvement and restoration
project encompassing Higgs Beach, White Street Pier, and Smathers Beach; and
WHEREAS, that agreement, dated January 16,1997, provides an amount not to
exceed $500,000.00 in reimbursement to the City or its contractor subject to availability
of funds; and
WHEREAS, the District Advisory Committee for District I recommended to the
TDC and the COUNTY that $100,000.00 be budgeted each year for five years to fulfill
this contract; and
WHEREAS, the recommendation was accepted; and
WHEREAS, it was determined at the January 16, 1997 County Commission
meeting that the monies should be placed in an interest-bearing account upon
appropriation and the interest should be available under the agreement but the
agreement was not changed to reflect that directive: and
WHEREAS, the District Advisory Committee for District I recommen$dt8n ::g
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additional $60,000.00 to be added to the total sum; g~~ ~
NOW THEREFORE, in consideration of the mutual covenants and gB.misei:
contained herein, the COUNTY and the CITY agreed to follow: ~;:~ ~
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1) The contract dated January 16, 1997, paragraph number 3, sh8lfb~ 9
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amended by the following: . Q
a) The first sentence of paragraph 3 shall be amended by changing
"$500,000.00" to "$560,000.00" and adding after that amount the words "plus interest
on appropriations" effective October 1, 1998.
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b) The following sentence shall be added to the end of paragraph 3:
"Monies allocated by the County each year to fulfill this agreement shall be deposited
into an interest-bearing account with interest to commence effective October 1, 1998
and said interest shall be available for reimbursement of costs incurred for the beach
improvement and restoration project. Jl
2) All other provisions of the agreement entered January 16, 1997, not
inconsistent herewith shall remain in full force and effect.
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WI~SS WHEREOF, the parties hereto have cause this amendment to
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BOARD OF COUNTY COMMISSIONERS
OF MONROE COUNTY, FLORIDA
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ATTEST: rw\~ ' .. ,_ I~OLHAGE ClERK
BY
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By
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.i~ft.. .;./ I . ..r---....;
Deputy Clerk
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Mayor/Chairman
(SEAL)
Attest: Josephine Parker, Clerk
CITY OF KEY WEST, FLORIDA
By
By
DATE' -Nff r~H!ON
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