The URL can be used to link to this page

Home My WebLink AboutAgenda Item Summary Form1IV OF Hw `93 AGENDA ITEM SUMMARY FORM File ID: #12304 o..Ryl. Date: 07/14/2022 Requesting Department: City Manager's Office Commission Meeting Date: 07/28/2022 Sponsored By: Ken Russell District Impacted: All Type: Resolution Subject: Venture Miami Scholarship Program Purpose of Item: The City of Miami seeks to partner with The Miami Foundation, Inc., and initially with Miami -Dade College, Florida Memorial University, The University of Miami, and Florida international University, to establish a proposed scholarship fund. The purpose of the Program is to afford recent City of Miami high school graduates an opportunity to pursue a science, technology, engineering, or mathematics ("STEM") degree with no tuition cost if accepted to these Colleges and Universities. Background of Item: Through this agreement, The Foundation agrees to assume full responsibility for the set-up, acceptance, and management of the Funds, including any future allocations, and the Program for the purpose stated herein. It is proposed that the City of Miami allocate an initial amount not to exceed Five Hundred Thousand Dollars ($500,000.00) ("Funds") to the Program. The Colleges and Universities have agreed to provide various matching contributions that align with enrollment numbers. Budget Impact Analysis Item has NO budget impact Item is NOT funded by Bonds Item is an Expenditure Total Fiscal Impact: General Account No: 00001.150009.882000.0.0. City Manager's Office Arthur Noriega V Department of Risk Management Ann -Marie Sharpe Office of Management and Budget Aniska Elliott Office of Management and Budget Marie Gouin Legislative Division Valentin J Alvarez Office of the City Attorney Domini J. Gibbs Office of the City Attorney Valentin J Alvarez Office of the City Attorney Victoria Mendez City Commission Nicole Ewan Legislative Division Marta Gomez Office of the City Attorney Domini J. Gibbs Office of the City Attorney Victoria Mendez Office of the City Clerk City Clerk's Office Reviewed By City Manager Review Completed 07/14/2022 4:46 PM Risk Review Completed 07/15/2022 2:32 PM Budget Analyst Review Completed 07/15/2022 2:45 PM Budget Review Completed 07/15/2022 4:32 PM Legislative Division Review Completed 07/18/2022 12:01 PM ACA Review Completed 07/19/2022 10:15 AM Deputy City Attorney Review Skipped 07/18/2022 12:00 PM Approved Form and Correctness Completed 07/19/2022 4:40 PM Meeting Completed 07/28/2022 9:00 AM Legislative Division Review Completed 08/02/2022 2:20 PM ACA Review Completed 08/05/2022 2:43 PM Approved Form and Correctness with Modification(s) Completed Rendered Completed 08/08/2022 9:02 AM of .�f City of Miami CityHall * iM°nr °°°TE° * 11 °° Legislation 3500 Pan American Drive g Miami, FL 33133 Resolution www.miamigov.com Enactment Number: R-22-0281 File Number: 12304 Final Action Date:7/28/2022 A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), PURSUANT TO SECTION 18-85(A) OF THE CODE OF THE CITY OF MIAMI, FLORIDA, AS AMENDED ("CITY CODE"), BY A FOUR FIFTHS (4/5THS) AFFIRMATIVE VOTE, AFTER AN ADVERTISED PUBLIC HEARING, RATIFYING, APPROVING, AND CONFIRMING THE CITY MANAGER'S FINDING, ATTACHED AND INCORPORATED AS EXHIBIT "A," THAT COMPETITIVE NEGOTIATION METHODS AND PROCEDURES ARE NOT PRACTICABLE OR ADVANTAGEOUS FOR THE CITY OF MIAMI ("CITY"); WAIVING THE REQUIREMENTS FOR SAID PROCEDURES; ALLOCATING FUNDS FROM THE OFFICE OF THE CITY MANAGER'S VENTURE MIAMI INITIATIVE ACCOUNT NO. 00001.150009.882000.0000.00000 IN AN AMOUNT NOT TO EXCEED FIVE HUNDRED THOUSAND DOLLARS ($500,000.00) TO THE MIAMI FOUNDATION, INC., A FLORIDA NOT FOR PROFIT CORPORATION ("THE FOUNDATION") FOR THE ESTABLISHMENT AND INITIAL FUNDING OF THE CITY'S VENTURE MIAMI SCHOLARSHIP PROGRAM ("PROGRAM"), WITH THE FOUNDATION ASSUMING FULL RESPONSIBILITY FOR THE SET-UP, ACCEPTANCE, AND MANAGEMENT OF THE FUNDS AND THE PROGRAM INITIALLY IN A PARTNERSHIP WITH MIAMI- DADE COLLEGE, FLORIDA MEMORIAL UNIVERSITY, THE UNIVERSITY OF MIAMI, AND FLORIDA INTERNATIONAL UNIVERSITY ("COLLEGES AND UNIVERSITIES"), WHERE EACH COLLEGE AND UNIVERSITY WILL PROVIDE A MATCHING CONTRIBUTION TO THE PROGRAM IN AN EFFORT TO AFFORD THE CITY'S RECENT HIGH SCHOOL GRADUATES AN OPPORTUNITY TO PURSUE A SCIENCE, TECHNOLOGY, ENGINEERING, OR MATHEMATICS ("STEM") DEGREE AT NO TUITION COST WHEN ATTENDING EITHER OF THE COLLEGES AND UNIVERSITIES STATED HEREIN; FURTHER AUTHORIZING THE CITY MANAGER TO NEGOTIATE AND EXECUTE ANY AND ALL DOCUMENTS NECESSARY, INCLUDING EXTENSIONS, RENEWALS AND MODIFICATIONS, ALL FORMS ACCEPTABLE TO THE CITY ATTORNEY, FOR THE PROGRAM. WHEREAS, the City of Miami ("City") has a deep interest in supporting residents who have an interest in technology related careers; and WHEREAS, since 1967, The Miami Foundation, Inc., a Florida not for profit corporation ("The Foundation") has invested Four Hundred Eighty -Five Million Dollars ($485,000,000.00) to strengthen the community with partnerships and contributions for more than one thousand (1,000) fundholders and thirty-five thousand (35,000) donors; and WHEREAS, The Foundation has a robust scholarship fund portfolio that works to help students gain access to higher education; and WHEREAS, The Foundation, initially in a partnership with Miami -Dade College, Florida Memorial University, The University of Miami, and Florida international University ("Colleges and Universities") wish to collaborate with the City to establish the Venture Miami Scholarship Program ("Program"); and WHEREAS, the purpose of the Program is to afford recent City high school graduates an opportunity to pursue a science, technology, engineering, or mathematics ("STEM") degree with no tuition cost when attending either of the Colleges and Universities stated herein ("Purpose"); and WHERAS, a goal of the Program is to invest in at -need City residents that have been accepted and pursue a bachelor's degree in a defined STEM or high wage/demand occupation at either of the Colleges and Universities stated herein; and WHEREAS, the City intends to expand the Program over time, as additional funding becomes available; and WHEREAS, the City wishes to allocate an initial amount not to exceed Five Hundred Thousand Dollars ($500,000.00) ("Funds") to the Program; and WHEREAS, The Foundation agrees to assume full responsibility for the set-up, acceptance, and management of the Funds, including any future allocations, and the Program for the Purpose stated herein; and WHEREAS, The Colleges and Universities have agreed to provide various matching contributions for the Program that align with enrollment numbers; and WHEREAS, the City Commission authorizes the City Manager to negotiate and execute any and all documents necessary, including extensions, renewals and modifications, all in forms acceptable to the City Attorney, for the Program; and WHEREAS, pursuant to Section 18-85(a) of the City Code, the City Manager has made a written finding, attached and incorporated as Exhibit "A," that competitive negotiation methods and procedures are not practicable or advantageous for the City's provision of said Funds for the Program; and WHEREAS, the City Manager is requesting authority from the City Commission to negotiate and execute any and all documents necessary, in a form acceptable to the City Attorney, for said allocation of Funds for the Program; NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI, FLORIDA: Section 1. The recitals and findings contained in the Preamble of this Resolution are adopted by reference and incorporated herein as if fully set forth in this Section. Section 2. Pursuant to Section 18-85(a) of the City Code, by a four -fifths (4/5ths) affirmative vote, after an advertised public hearing, the City Manager's written finding, attached and incorporated as Exhibit "A," that competitive negotiation methods and procedures are not practicable or advantageous for the City's provision of said Funds for the Program and waiving the requirements for said procedures, are hereby ratified, approved, and confirmed. Section 3. The City Manager is authorized' to allocate Funds from the City Manager's Venture Miami Initiative Account No. 00001.150009.882000.0000.00000 in an amount not to exceed Five Hundred Thousand Dollars ($500,000.00) to The Foundation for the establishment and initial funding of the Program. Section 4. The City Manager is further authorized' to execute any and all documents necessary, in a form acceptable to the City Attorney, for said purpose. Section 5. This Resolution shall become effective immediately upon its adoption. APPROVED AS TO FORM AND CORRECTNESS: 1 i � na i ndez, City Httor ey 7/1912022 NOTE #1: Pursuant to the resolution, this item became effective immediately upon adoption by the Commission. NOTE # 2: Revision A has the Scrivener's amendment by law department and per legal opinion, it may be certified instead of the original version. ' 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.