B A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE
CITY OF MIAMI BEACH, FLORIDA, ACCEPTING THE
RECOMMENDATIONS OF THE FINANCE AND ECONOMIC
RESILIENCY COMMITTEE, AT ITS APRIL 17, 2020 AND APRIL 24,
2020 MEETINGS, AND APPROVING THE USE OF CULTURAL ARTS
COUNCIL ("CAC") FUND BALANCE AND CAC ENDOWMENT FUNDS
(WHICH INCLUDE A COMBINED FUND BALANCE OF $4,048,873),
FOR THE PURPOSE OF (1) COVERING THE FY 2020 RESORT TAX
CONTRIBUTION OF $1,473,000 TO THE CAC, TO THEREBY PERMIT
AVAILABLE RESORT TAX FUNDS TO BE REALLOCATED FOR
OTHER RESORT TAX PURPOSES; AND (2) ESTABLISHING A
"CULTURAL ARTS EMERGENCY FUND", IN THE AMOUNT OF
$1,000,000, TO PROVIDE FINANCIAL ASSISTANCE TO MIAMI
BEACH-BASED CULTURAL ORGANIZATIONS EXPERIENCING
REVENUE LOSSES DUE TO THE COVID-19 CRISIS; FURTHER,
AUTHORIZING THE ADMINISTRATION AND THE CAC TO DEVELOP
THE CRITERIA AND PROCEDURES FOR THE CULTURAL ARTS
EMERGENCY FUND GRANT PROGRAM, AND TO REVIEW GRANT
APPLICATIONS AND MAKE ADVISORY RECOMMENDATIONS TO
THE CITY COMMISSION, WITH THE FINAL GRANT AWARDS
SUBJECT TO THE PRIOR APPROVAL OF THE MAYOR AND CITY
COMMISSION.