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HomeMy WebLinkAboutR-03-0094J-03-101 1/23/03 RESOLUTION NO. 0 3_ 094 A RESOLUTION OF THE MIAMI CITY COMMISSION APPROVING THE MAYOR'S CITYWIDE POVERTY INITIATIVE PLAN ("PLAN") AND AUTHORIZING THE ALLOCATION OF FUNDS, IN THE AMOUNT OF $150,000, FROM THE SPECIAL REVENUE FUND ENTITLED "POVERTY INITIATIVE," TO UNDERWRITE EXPENSES FOR PHASE I OF THE PLAN WHICH INCLUDES THE (EARNED INCOME CREDIT (EIC) AND CHILD TAX CREDIT (CTC) OUTREACH CAMPAIGN; FURTHER, DIRECTING THAT BUDGET RESERVES OF $1.85 MILLION BE SET-ASIDE FOR THE IMPLEMENTATION OF THE REMAINING PHASE(S) OF THE PLAN, WITH ALL PROPOSED EXPENDITURES FROM THE BUDGET RESERVES TO BE PRESENTED TO THE CITY COMMISSION FOR CONSIDERATION AND APPROVAL; AUTHORIZING THE CITY MANAGER TO NEGOTIATE AND EXECUTE THE AGREEMENT(S), IN A FORM ACCEPTABLE TO THE CITY ATTORNEY, NECESSARY TO IMPLEMENT PHASE I OF THE PLAN. WHEREAS, in the 2000 U.S. Census the City of Miami was determined to be the poorest large city in our nation; and WHEREAS, the Mayor and City Commission seek to take proactive steps to counter this most dubious designation and alleviate the hardship experienced by many of our City's residents; and WHEREAS, on September 26, 2002, the City Commission approved Resolution No. 02-1072 designating $2,000,000 of the CITY COMMISSION V=T NG OF Resolution No. 03-` 094 Fiscal Year 2002 surplus as Management Reserves to fund a Citywide Poverty Initiative; and WHEREAS, on the same date, the City Commission adopted Resolution No. 02-1073 directing the City Manager to schedule the proposed legislation for the authorization of the $2,000,000 for the Poverty Initiative; and WHEREAS, it is the goal of this Citywide Poverty Initiative to assist low and moderate -income individuals and families to: (1) access existing public benefits; (2) improve their financial literacy; (3) obtain access to quality sources of loan and equity capital; and (4) save to build wealth and accumulate assets; and WHEREAS, the City Commission supports the Poverty Initiative Plan outlined and authorizes the expenditures to support Phase I of the Plan and the establishment of budget reserves in the amount of $1.85 million to support future Plan phases; and WHEREAS, the City Commission seeks to expand local awareness about the Earned Income Credit (EIC) and Child Tax Credit (CTC) through a local outreach campaign, to be managed by the FIU Metropolitan Center, to afford City residents the opportunity to claim these available federal resources to boost their incomes above the poverty line; Page 2 of 4 NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI, FLORIDA: 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 Mayor's Citywide Poverty Initiative Plan and associated goals are approved for implementation. Section 3. The allocation of funds, in an amount not to exceed $150,000, from the Special Revenue Fund entitled "Poverty Initiative" is authorized to underwrite expenses for Phase I of the Plan which includes the (Earned Income Credit (EIC) and Child Tax Credit (CTC) Outreach Campaign. Section 4. Budget Reserves, in the amount of $1.85 million, is directed to be set aside for the remaining phase(s) of the Plan, with all proposed expenditures from the Budget Reserves to be presented to the City Commission for its consideration and approval. Page 3 of 4 03- 094 Section 5. The City Manager is authorizedll to negotiate and execute the agreement(s), in a form acceptable to the City Attorney, to implement Phases I of the Plan. Section 6. This Resolution shall become effective immediately upon its adoption and signature of the Mayoral PASSED AND ADOPTED this 23rd day of January 2003. MANUEL A. DI�!:r R ATTEST: e"., �' X. /"'� , /2' PRISCILLA A. THOMPSON, ITY CLERK 'NESSt/ �i The herein authorization is further subject to compliance with all requirements that may be imposed by the City Attorney, including but not limited to those prescribed by applicable City Charter and Code provisions. If the Mayor does not sign this Resolution, it shall become effective at the end of ten 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. Page 4 of 4 ()t3 0