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File #: 18-0581 CRA    Version: 1 Name:
Type: CRA Funding Assistance Status: Agenda Ready
File created: 5/18/2020 In control: Community Redevelopment Agency
On agenda: 5/26/2020 Final action:
Title: FIRST AMENDMENT FOR A-GUIDE FUNDING AGREEMENT FY 2019-2020 - DELRAY BEACH HISTORICAL SOCIETY, INC.
Attachments: 1. Agenda Cover Report, 2. Exhibit A - First Amendment to Funding Agreement with the Historical Society
Date Ver.Action ByActionResultAction DetailsMeeting DetailsVideo
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TO: CRA Board of Commissioners
FROM: Krista Walker, Contract Manager
THROUGH: Renée A. Jadusingh, Esq., Executive Director
DATE: May 26, 2020

Title
FIRST AMENDMENT FOR A-GUIDE FUNDING AGREEMENT FY 2019-2020 - DELRAY BEACH HISTORICAL SOCIETY, INC.

Body
Recommended Action:
Recommendation
Approve the First Amendment for A-GUIDE Funding Agreement with Delray Beach Historical Society, Inc. in the amount of $125,000 for Fiscal Year 2019-2020.

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Background:
Delray Beach Historical Society, Inc. (“DBHS”) applied for A-GUIDE Funding for Economic Development and Recreation and Cultural Facilities in the amount of $75,000 for Fiscal Year 2019-2020. This represents 25% of DBHS’s Proposed Budget of $300,000.

At the July 19, 2019 CRA Board Workshop, the Board considered the funding request from DBHS and supported funding in the amount of $75,000 and supported additional funding in the amount of $50,000 based on the funding agreement between the DBHS and the City of Delray Beach, which is a total funding award of $125,000.

An amendment is requested at this time to reflect the full amount of $125,000 as the Funding Agreement only included the CRA’s funding allocation of $75,000.

The CRA and the Historical Society agree to amend Section 3 of the Original Agreement as follows:

3) The CRA is providing total funding to the Historical Society for fiscal year 2019-20 in an amount not to exceed One Hundred Twenty-Five Thousand and 00/100 Dollars ($125,000.00) (the "Funding Amount"). The funds are to be used by the Historical Society for the purpose of providing community and cultural programs in conformance with the programs/projects within the CRA district specified in the A-GUIDE documents. Two payments of Eighteen Thousand Seven Hundred Fifty and 00/100 Dollars ($18,750.00) have been made by the CRA to the Historical Society for quarters 1 & 2. Upon execution of this First Amendment, the CRA shall pay to the Historical Society the sum of Twenty Five...

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