HomeMy WebLinkAboutSEOPW-CRA-R-98-0016RESOLUTION NO... SLOP�V/A 9 8 6
A RESOLUTION AUTHORIZING THE EXECUTIVE
DIRECTOR OF THE COMMUNITY REDEVELOPMENT
AGENCY ("CRA") TO SEEK GRANT MONIES IN THE
AMOUNT OF ONE MILLION DOLLARS ($1,000,000) FOR
THE PURPOSE OF ACQUIRING BUSINESS EQUIPMENT
AND MAKING SUCH EQUIPMENT AVAILABLE BY
LEASE, GRANT OR OTHER ARRANGEMENTS TO
QUALIFIED BUSINESSES, LOCATED IN THE NW 3RD
AVENUE BUSINESS CORRIDOR, FROM NW 8TH STREET
TO NW 14TH STREET, AND NW 8TH STREET FROM NW
3RD AVENUE TO NW 4TH AVENUE, FOR CREATING NEW
EMPLOYMENT OPPORTUNITIES FOR THE AREA
RESIDENTS.
WHEREAS, pursuant to Resolution 98-592, adopted on June 9, 1998, the
City of Miami Commission designated NW 3rd Avenue, from NW 8th Street to
NW 10th Street and NW 8th Street from NW 3rd Avenue to NW 4th Avenue as a
"Priority Pilot Project" ("Project); and
WHEREAS, the Project is intended to encourage commercial
developments by providing financial assistance and infrastructure
improvements for new and expanding businesses; and
WHEREAS, creation of a new or expansion of an existing business require
a substantial amount of funds for purchasing and/or leasing of business
equipment; and
WHEREAS, financing of a new business enterprise in inner city areas is
either not available or is available at substantially higher cost than elsewhere;
and
SEOPWJCRQ , 9 8 - 16
WHEREAS, lack of necessary funding severely limits private business
developments in the inner cities; and
WHEREAS, the CRA intends to promote and support new commercial
developments by acquiring business equipment and making such equipment
available by lease at market or below market rate, grant or other arrangements to
qualified businesses, located in the NW 3rd Avenue Business Corridor;
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS
OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF
MIAMI, FLORIDA.
Section 1. The recitals and findings contained in the Preamble to this
Resolution are incorporated herein as if fully set forth in this Section.
Section 2. The Executive Director of the Community Redevelopment
Agency is hereby authorized to seek grant monies in the amount of one million
dollars ($1,000,000) for the purpose of acquiring business equipment and making
such equipment available by lease at market or below market rate, grant or other
arrangements to qualified businesses, located in the NW 3rd Avenue Business
Corridor, from NW 81h Street to NW 14th Street, and NW 8ch Street from NW 3rd
Avenue to NW 41h Avenue, for creating new employment opportunities for the
area residents.
Section 3. This Resolution will be effective immediately upon its
adoption.
2
sWPwr 9 8 — 16
PASSES AND ADOPTED on this 3 0 th day of June ,1998.
ATTEST:
4a /41 . /' 0 0 0 /'�
Walter tFo n, City Clerk
APPROVED AS TO FORM
AND CORRECTNESS:
i
Holland & Knight, LLP
CRA Legal Counsel
41
Arthur E. Teele Jr., Ch irman
SEOPwiCBR: - .A