HomeMy WebLinkAboutR-20-0122City of Miami
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Resolution: R-20-0122
File Number: 7376
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
Final Action Date: 4/23/2020
A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S),
APPROVING THE SMALL BUSINESS EMERGENCY LOAN ASSISTANCE
PROGRAM AS MORE PARTICULARLY DESCRIBED IN EXHIBIT "A,"
ATTACHED AND INCORPORATED, FOR ELIGIBLE BUSINESSES IN THE
CITY OF MIAMI IN RESPONSE TO THE ECONOMIC CHALLENGES FACED
BY SAID BUSINESSES AS A RESULT OF THE CORONAVIRUS;
AUTHORIZING THE CITY MANAGER TO NEGOTIATE AND EXECUTE ANY
AND ALL NECESSARY DOCUMENTS, INCLUDING AMENDMENTS,
EXTENSIONS, AND MODIFICATIONS, ALL IN FORMS ACCEPTABLE TO THE
CITY ATTORNEY, FOR SAID PURPOSE.
SPONSOR(S): Commissioner Ken Russell
WHEREAS, according to the Code of Federal Regulations under 24 CFR 570.201(o),
the United States Department of Housing and Urban Development ("HUD") authorizes the use
of Community Development Block Grant ("CDBG") funds for assistance to public and private
organizations, agencies, and other subrecipients (including nonprofit and for-profit subrecipients) to
facilitate economic development; and
WHEREAS, pursuant to the Federal Government's declaration of a national emergency,
State of Florida Executive Order 20-52, and City of Miami ("City") Declaration of Local
Emergency as a result of the Coronavirus ("COVID-19") outbreak, small businesses are facing
an unprecedented economic disruption; and
WHEREAS, on Friday, March 27, 2020, the President of the United States signed into
law the Coronavirus Aid, Relief, and Economic Security Act, also known as the CARES Act
("Act"), which contains approximately $350 billion in relief for American workers and small
businesses; and
WHEREAS, these funds may not be enough to assist all small businesses in the City
injured by COVID-19 and there are certain expenditures that are not covered by the Act's
Payroll Protection Program that are necessary for business continuity; and
WHEREAS, the City's Department of Housing and Community Development ("HCD")
has developed a Small Business Emergency Loan Assistance Program ("Program") for eligible
businesses in the City to mitigate the disruptive effects of COVID-19 and complement the
Payroll Protection Program; and
WHEREAS, the City's Administration recommends the approval of the Program, as more
particularly described in Exhibit "A," attached and incorporated, for eligible businesses in the
City;
NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF
MIAMI, FLORIDA:
City of Miami Page 1 of 2 File ID: 7376 (Revision: A) Printed On: 5/27/2020
File ID: 7376
Enactment Number: R-20-0122
Section 1. The recitals and findings contained in the Preamble to this Resolution are
adopted by reference and incorporated as if fully set forth in this Section.
Section 2. The City's Program, as more particularly described in Exhibit "A," attached
and incorporated, for eligible businesses in the City in response to the economic challenges
faced by said businesses as a result of COVID-19 is approved.
Section 3. The City Manager is authorized' to negotiate and execute any and all
necessary documents, including amendments, extensions, and modifications, all in forms
acceptable to the City Attorney, for said purpose.
Section 4. This Resolution shall become effective immediately upon its adoption and
signature of the Mayor.2
APPROVED AS TO FORM AND CORRECTNESS:
l
Una ndeU�z,ty Httor iey
5/21/2020
' The herein authorization is further subject to compliance with all legal requirements that may be
imposed, including but not limited to, those prescribed by applicable City Charter and City Code
provisions.
2 If the Mayor does not sign this Resolution, it shall become effective at the end of ten (10) calendar days
from the date it was passed and adopted. If the Mayor vetoes this Resolution, it shall become effective
immediately upon override of the veto by the City Commission.
City of Miami Page 2 of 2 File ID: 7376 (Revision: A) Printed on: 5/27/2020