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HomeMy WebLinkAboutAgenda Item Summary Form1IV OF F '93 AGENDA ITEM SUMMARY FORM File ID: #7368 oR ti9 Date: 04/06/2020 Requesting Department: Office of Grants Administration Commission Meeting Date: 05/14/2020 Sponsored By: District Impacted: All Type: Resolution Subject: Establish Special Revenue - Summer Youth Employment Program Purpose of Item: A Resolution of the Miami City Commission authorizing the acceptance and appropriation of funds from the Cities for Financial Empowerment (CFE) Fund, Inc. in ar amount not to exceed $275,000.00 and establishing a new Special Revenue Project entitled "Summer Youth Employment Program Expansion 2020" for the purposes of expanding and supporting up to 100 additional summer youth employment opportunities with local businesses and entities and 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 the award agreement, amendments and extensions in a form acceptable to the City Attorney, in order to implement said grant award. Background of Item: The CFE Fund works to promote economic progress in communities around the world and focuses on initiatives that expand financial inclusion and has partnered with 7 cities in the United States, including Miami to implement and now expand the summer youth initiative. The grant's goal is to replicate and implement in the City of Miami existing pilot program model to facilitate a coordinated national effort to affect and improve the self-sufficiency of its low/moderate income youth and increase their access to the financial tools and education that are fundamental to economic prosperity and success. Since the inception of the program the city has employed over 1000 youth and has generated $2,760,337.29 in economic impact. The CFE Fund has awarded the City a grant in the amount of $275,000.00 to expand the existing program to other local businesses and entities and hire up to 100 additional youth ages 16-19 residing in low to moderate income areas in the City of Miami. Budget Impact Analysis Item is Related to Revenue Item is an Expenditure Item is NOT funded by Bonds Total Fiscal Impact: $275,000.00 Special Revenue Account No: TBD Reviewed By Office of Grants Administration Lillian P Blondet Office of Management and Budget Jacques Joseph Office of Management and Budget Christopher M Rose City Manager's Office Sandra Bridgeman Legislative Division Valentin J Alvarez City Manager's Office Arthur Noriega V Office of the City Attorney Xavier Alban Office of the City Attorney Barnaby L. Min Office of the City Attorney Victoria M6ndez City Commission Nicole Ewan Office of the Mayor Mayor's Office Office of the City Clerk City Clerk's Office Office of the City Clerk City Clerk's Office Department Head Review Completed Budget Analyst Review Completed Budget Review Completed Assistant City Manager Review Completed Legislative Division Review Completed City Manager Review Completed ACA Review Completed Deputy City Attorney Review Completed Approved Form and Correctness Completed Meeting Completed Unsigned by the Mayor Completed Signed and Attested by the City Clerk Completed Rendered Completed 04/16/2020 3:39 PM 04/17/2020 12:14 AM 04/20/2020 7:20 PM 04/27/2020 8:54 AM 04/27/2020 9:18 AM 04/28/2020 11:48 AM 05/01/2020 3:36 PM 05/02/2020 3:15 PM 05/05/2020 12:21 PM 05/14/2020 9:00 AM 05/26/2020 7:34 PM 05/26/2020 7:39 PM 05/26/2020 7:39 PM -,IV ov . City of Miami IIS°°1 il°4I° *01\ °° °° Legislation Resolution Enactment Number: 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 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 Agreement, including any amendments and extensions thereto, all in a form acceptable to the City Attorney, in order to implement said 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 Section 4. This Resolution shall become effective immediately upon its adoption and signature of the Mayor.2 APPROVED AS TO FORM AND CORRECTNESS: 1 iria i "nde-� ezCify wttor iey 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.