HomeMy WebLinkAboutR-20-0143City of Miami
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Resolution: R-20-0143
File Number: 7368
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
Final Action Date: 5/14/2020
A RESOLUTION OF THE MIAMI CITY COMMISSION AUTHORIZING THE
ACCEPTANCE, ALLOCATION, AND APPROPRIATION OF GRANT FUNDS
FROM THE CITIES FOR FINANCIAL EMPOWERMENT FUND, INC., A
DELAWARE NON -STOCK, NON-PROFIT CORPORATION ("CFE FUND"), IN
AN AMOUNT NOT TO EXCEED TWO HUNDRED SEVENTY-FIVE THOUSAND
DOLLARS ($275,000.00) ("GRANT"); ESTABLISHING A NEW SPECIAL
REVENUE PROJECT TITLED "SUMMER YOUTH EMPLOYMENT AND
FINANCIAL EMPOWERMENT EXPANSION PROGRAM 2020" FOR THE
PURPOSES OF EXPANDING AND SUPPORTING ADDITIONAL SUMMER
YOUTH EMPLOYMENT OPPORTUNITIES WITH LOCAL BUSINESSES AND
ENTITIES AS WELL AS CONTINUE TO ADHERE TO ESTABLISHED
PROGRAM COMPONENTS TO CONNECT PARTICIPANTS TO FINANCIAL
COUNSELING AND BANKING OPPORTUNITIES; FURTHER AUTHORIZING
THE CITY MANAGER TO NEGOTIATE AND EXECUTE A GRANT
AGREEMENT AND ANY AMENDMENTS AND EXTENSIONS THERETO, ALL
IN A FORM ACCEPTABLE TO THE CITY ATTORNEY, IN ORDER TO
IMPLEMENT SAID GRANT.
WHEREAS, ACCESS Miami stands for Assets, Capital, Community, Education, Savings,
and Success; and
WHEREAS, ACCESS Miami is a citywide, comprehensive empowerment strategy aimed
at increasing City of Miami ("City") residents' access to the financial tools and education that are
fundamental to economic prosperity and success and the opportunity to reach financial self-
sufficiency through financial education; and
WHEREAS, the Cities for Financial Empowerment Fund, Inc., a Delaware non -stock,
non-profit corporation ("CFE Fund"), supports municipal efforts to improve the financial stability
of households by leveraging opportunities unique to local governments; and
WHEREAS, the CFE Fund works to promote economic progress in communities around
the world and focuses on initiatives that expand financial inclusion and, towards that goal, has
partnered with sixteen (16) cities in the United States, including the City, to implement the
Summer Jobs Connect Initiative ("Initiative"); and
WHEREAS, the CFE Fund is currently launching the 7t" year of its Initiative supporting
summer youth employment programs "with a purpose" and their connection to financial
education, one-on-one coaching, empowerment, and banking access initiatives; and
WHEREAS, the City's Summer Youth Employment Program ("Program") has employed
over one thousand (1,000) youth throughout the City and has generated over two million dollars
in local economic impact; and
City of Miami Page 1 of 3 File ID: 7368 (Revision:) Printed On: 5/27/2020
File ID: 7368
Enactment Number: R-20-0143
WHEREAS, the CFE Fund desires to leverage the City's investment in the Program by
providing additional funding necessary to expand the Program to hire additional youth at local
businesses and entities ("Grant") and continue to adhere to the Program components of
financial counseling and banking opportunities; and
WHEREAS, the Grant's goal is to expand, replicate, and implement the City's Program
model and continue to facilitate a coordinated national effort to affect and improve the self-
sufficiency of low/moderate income youth by increasing their access to the financial tools and
education that are fundamental to economic prosperity and success; and
WHEREAS, the CFE Fund has awarded the City a grant in an amount not to exceed
Two Hundred Seventy -Five Thousand Dollars ($275,000.00) to expand the Program and hire
additional youth between sixteen (16) and nineteen (19) years of age residing in low to
moderate income census tracts in the City and to place them in local businesses and entities for
2020; and
WHEREAS, this Grant will also allow additional participants to receive saving incentives
and coaching to improve their banking access, financial education, and financial literacy; and
WHEREAS, this Grant provides the City access to participate in a learning community
convened under this Program by the CFE Fund and to develop a plan to implement an
expanded financial education and access to banking components into the Program; and
WHEREAS, this Program will leverage and take advantage of the City's existing financial
literacy and individualized financial coaching program components currently offered by
ACCESS Miami;
NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF
MIAMI, FLORIDA:
Section 1. The recitals contained in the Preamble to this Resolution are adopted by
reference and incorporated as if fully set forth in this Section.
Section 2. The following new Special Revenue Projects is established and resources
are appropriated as described below:
PROJECT TITLE: Summer Youth Employment & Financial
Empowerment Expansion Program 2020
RESOURCES: CFE Fund $275,000.00
APPROPRIATIONS: Summer Youth Employment & Financial $275,000.00
Empowerment Expansion Program 2020
Section 3. The City Manager is authorized' to accept, allocate, and appropriate the
Grant in accordance with the City's application and to negotiate and execute a Grant
' 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
City of Miami Page 2 of 3 File ID: 7368 (Revision:) Printed on: 5/27/2020
File ID: 7368
Enactment Number: R-20-0143
Agreement, including any amendments and extensions thereto, all in a form acceptable to the
City Attorney, in order to implement said Grant.
Section 4. This Resolution shall become effective immediately upon its adoption and
signature of the Mayor.2
APPROVED AS TO FORM AND CORRECTNESS:
r
i ria i ' ndez, City Attor i ey 5/5/2020
2 This Ordinance shall become effective as specified herein unless vetoed by the Mayor within ten (10)
days from the date it was passed and adopted. If the Mayor vetoes this Ordinance, it shall become
effective immediately upon override of the veto by the City Commission or upon the effective date stated
herein, whichever is later.
City of Miami Page 3 of 3 File ID: 7368 (Revision:) Printed on: 5/27/2020