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Home My WebLink AboutR-03-0154J-03-112 02/04/03 RESOLUTION NO. 03— 15 4 A RESOLUTION OF THE MIAMI CITY COMMISSION AMENDING RESOLUTION NO. 02-774, AS AMENDED BY RESOLUTION NOS. 02-879 AND 02-1133, RELATING TO THE ALLOCATION OF $2,223,400 OF 28TH YEAR COMMUNITY DEVELOPMENT BLOCK GRANT (CDBG) PROGRAM FUNDS IN THE ECONOMIC DEVELOPMENT CATEGORY, BY DEOBLIGATING DISTRICT 3 FUNDS, IN THE AMOUNT OF $20,000, FROM RESIDENT'S VILLAGE, INC. (CAPITAL IMPROVEMENT) AND BY TRANSFERRING $40,000 FROM THE DISTRICT 4 ECONOMIC DEVELOPMENT PILOT PROJECTS RESERVE FUND TO CAMACOL LOAN FUND, INC. FOR UNDERWRITING ITS COMMERCIAL LOAN PROGRAM FOR THE 28TH PROGRAM YEAR BEGINNING OCTOBER 1, 2002; AUTHORIZING THE CITY MANAGER TO EXECUTE AN AGREEMENT, IN A FORM ACCEPTABLE TO THE CITY ATTORNEY, WITH SAID AGENCIES FOR SAID PURPOSE. WHEREAS, the City Commission adopted Resolution No. 02-774 at the Special City Commission Meeting of July 8, 2002, relating to the allocation of $2,223,400 of 28th Year Community Development Block Grant (CDBG) Program funds in the category of Economic Development, including $85,250 to the District 4 Economic Development Pilot Projects reserve fund to be allocated at a later date; and CITY COM USSION MEETING OF FEB 1 3 7PQ3 Resolution Ivo. �- 154 WHEREAS, the City Commission adopted Resolution No. 02-879, which amended Resolution No. 02-774, to identify amounts to be set-aside for Economic Development projects by District, including $116,050 for District 3 Economic Development Pilot Projects, to be identified at a future date; and WHEREAS, Resolution No. 02-744 was also amended, by Resolution No. 02-1133 to transfer $91,000 from the District 3 Economic Development Pilot Projects to specific agencies, including funds in the amount of $20,000 to Resident's Village, Inc. (Capital Improvement Project) to provide services in District 3 for the 28th Program Year beginning October 1, 2002; and WHEREAS, Resident's Village, Inc. has advised the City that it no longer requires the $20,000 allocation for the Capital Improvement Project; and WHEREAS, Camacol Loan Fund, Inc. underwrites small business loans of $35,000 or less to businesses within the City limits; and WHEREAS, the District 4 City Commissioner has requested that funds in the amount of $40,000 be allocated from the Page 2 of 5 154 District 4 Economic Development Pilot Projects Reserve Fund to Camacol Loan Fund, Inc. for underwriting its Commercial Loan 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 to this Resolution are adopted by reference and incorporated as if fully set forth in this Section. Section 2. Section 2 of Resolution No. 02-774, as amended by Resolution Nos. 02-879 and 02-1133, allocating $2,223,400 of 28th Year "CDBG" funds in the Economic Development category is further amended in the following particulars:' "RESOLUTION NO. 02-1133 Section 2. Section 2 of Resolution No. 02-879, adopted July 25, 2002, allocating $2,223,400 of 28th Year "CDBG" funds in the Economic Development Category by City Commission District is amended in the following particulars: District 3 (HUD formula allocation distribution - 23%): A enc Amount Resident's Village, Iae. (Gapital imprevement $ 20,900 v Words and/or figures stricken through shall be deleted. Underscored words and/or figures shall be added. The remaining provisions are now in effect and remain unchanged. Asterisks indicate omitted and unchanged material. Page 3 of 5 03- 154 T1.,,. e t �T Camacol Loan Fund, Inc. $ 20,000 Saint John Bosco Church 31,000 Service Corps of Retired Executives Association 10,000 Small Business Opportunity Center, Inc. 250,000 The Latin Quarter Culture Center of Miami, Inc. 40,000 (Capital Improvement Project) District 3 Economic Development Pilot Projects 25,050 Total District 3 Allocation (23%) $376,050 District 4 (HUD formula allocation distribution - 15%): Agency Amount Service Corps of Retired Executives Association $ 10,000 Small Business Opportunity Center, Inc. 150,000 Camacol Loan Fund, Inc. $ 40,000 District 4 Economic Development Pilot Projects —'— 45,250 Total District 4 Allocation (15%) $245,250 Section 3. The City Manager is authorized!' to execute individual agreements, in a form acceptable to the City Attorney, with said agencies for said purposes. Section 4. This Resolution shall become effective immediately upon its adoption and signature of the Mayor.31 2/ 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. 3/ 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 5 �;�- 154 PASSED AND ADOPTED this 13th day of February , 2003. ATTEST: PRISCILLA A. THOMPSON CITY CLERK APPROVED_hAOn FORM A CORRECTNESS:/ LO C I T30'ATTORNEY W6885:tr:AS:BSS Page 5 of 5 03- 154 CITY OF MIAMI, FLORIDA INTER -OFFICE MEMORANDUM TO: The Honorable Mayr and Members of The City Co ission FROM Je Arriola y Manager RECOMMENDATION: DATE: FES - 4 2003 FILE: Allocation of 281h Year CDBG SUBJECT: Funds to Camacol Loan Fund, Inc. REFERENCES: City Commission Agenda ENCLOSURES: February 13, 2003 It is respectfully recommended that the City Commission amend Resolution No. 02-1133, adopted at the City Commission Meeting of October 10, 2002 relating to the allocation of $2,223,400 of 28' Year Community Development Block Grant (CDBG) Program funds in the Economic Development category, by deobligating District 3 funds in the amount of $20,000 from Resident's Village, Inc. (Capital Improvement Project) and transferring $40,000 from the District 4 Economic Development Pilot Projects reserve fund to Camacol Loan Fund, Inc. for underwriting their Commercial Loan Program for the 28th Program Year beginning October 1, 2002; and further authorizing the City Manager to enter into an agreement with said agency for said purpose, in a form acceptable to the City Attorney, subject to applicable City Code provisions. BACKGROUND: At the July 8, 2002 Special City Commission Public Hearing discussion on Economic Development activities, the City Commission adopted Resolution No. 02-774 allocating $2,223,400 of Community Development Block Grant (CDBG) funds in the Economic Development category, including $85,250 for District 4 Economic Development Pilot Projects, which would be identified at a future date. On July 25, 2002, the City Commission adopted and passed Resolution No. 02-879, identifying amounts to be set aside for Economic Development projects by District. The District 3 Commissioner set aside $116,050 of CDBG funds available in the Economic Development category for District 3 Economic Development Pilot Projects, which would be identified at a future date. On October 10, 2002, the City Commission adopted and passed Resolution No. 02-1133 amending Resolution No. 02-879 by transferring $91,000 from the District 3 Economic Development Pilot Projects to specific agencies listed for the 28th Program Year beginning October 1, 2002. The three (3) agencies identified by the District 3 Commissioner to provide CDBG eligible activities in District 3, included Resident's Village, Inc. (Capital Improvement Project) in the amount of $20,000. Resident's Village, Inc. has advised the City that they will not require the CDBG Program allocation of $20,000 for their Capital Improvement Project. 03- 154 Camacol Loan Fund, Inc. (CLF) submitted a request for funding to the City of Miami for its Commercial Loan Program. The funding will be used to process, close and service small business loans of $35,000 or less on behalf of businesses located within city limits. In the year 2001/2002, CLF completed twenty-five (25) commercial loans in the approximate amount of $775,000, of which twenty-three (23) were approved for businesses within the City limits. Eighty percent (80%) of all loans processed in 2001 related to City of Miami businesses. Beyond the actual loans approved, CLF established itself as a U.S. Department of the Treasury / CDFI Fund Certified Community Development Financial Institution, affiliated to CAMACOL. CLF has been selected by Miami -Dade County to participate as a lending partner in its Revolving Loan Program. From the CDFI Fund, CLF has received. a $600,000 capital grant on a matching fund basis. From the Miami -Dade County / BAC Funding Corporation, CLF received $312,000. It is recommended that the City Commission adopt the attached Resolution amending Resolution No. 02-1133 by deobligating District 3 funds in the amount of $20,000 from Resident's Village, Inc. (Capital Improvement) and by transferring $40,000 from the District 4 Economic Development Pilot Projects reserve fund to Camacol Loan Fund, Inc. for underwriting their commercial loan program for the 28th Program Year beginning October 1, 2002; and further authorizing the City Manager to enter into an agreement with said agency for said purpose, in a form acceptable to the City Attorney, subject to applicable City Code provisions. The proposed Resolution re -allocates CDBG grant funds and does not have a budgetary i;act on the General Fund. RJN / BR oa- 154 �s d :n ty ie rs or !s- tat ig- by .al or n - tel ce rt- ry ng as :n - de .ez in- ti- nd to City of Miami Department. The mww City Canmission A hold a Pd* Hearing to drsarss of Community Development . issues m M% to the Can x* Dwebprnent Btodt Grant. Thursday, February 13,2003,10:00 a.m.'. Manuel :Artime Center. 900 Southwest tst Street. Miami, Florida Federal reg Ad= g&wnm the ciity cif van cpW program ra was that as arrtidpeirrrg jui ftm provide ckens v& reasonable ro We of and an opporttxrty to emnw on any arrrendmerrts. to Bre (DBD program. Ad6tiarafJy, tre pubic is tieig a6wd d wwdmft to the CDW funds program all of which aroendmerft are it catad below. AMENDMENTS TO 2r CDBG PROGRAMS Source of Recaptured Funds, Recommended Redistribution Agency—T—.Funding Amount A cy Fundin Amount Economic Development District 3 Residents Village, Inc. $20•000 District 4 CAMACOL Loan Pilot Projects Set Aside $40,000 Fund, Inc. $60,000 Total:. $60,000 Total: $60,000 Public Service Catholic Charities/ $15,000 District 5 Notre Dame Day Care Haitian American Community $25,000 Word of Life, Incl $15,000 Assoc. of Dade County, Inc. (HACAD)/Food Voucher Arts in Public Places Haitian American Community $25,000 Word of Life, Incl $70,000 Assoc. of Dade County, Inc. (HACADYAtter School Educational Program Public Service Reserve Fanm Ayisyen Nan $150,984 Fund $200,984 Miyami:1ncJWork Experience Educational Program Total: $250,984 Total: $250,984 Interested individuals are encouraged to attend On Public Hearing. The meeting site is accessible to the handicapped. F THURSDAY, JANUARY 25,20W Www.heraid.com The Heald 5B ' 03- 1;)-4 J-02-843 9/16/02 RESOLUTION NO. 02-1133 A RESOLUTION OF THE MIAMI CITY COMMISSION AMENDING RESOLUTION NO. 02-879, ADOPTED AT THE CITY COMMISSION MEETING OF JULY 25, 2002, RELATING TO THE ALLOCATION OF $2,223,400 OF 28TH YEAR COMMUNITY DEVELOPMENT BLOCK GRANT (CDBG) PROGRAM FUNDS IN THE ECONOMIC DEVELOPMENT CATEGORY, BY TRANSFERRING $100,000 FROM THE DISTRICT 1 ECONOMIC DEVELOPMENT PILOT PROJECTS AND $91,000 FROM THE DISTRICT 3 ECONOMIC DEVELOPMENT PILOT PROJECTS TO THE SPECIFIC AGENCIES LISTED HEREIN TO PROVIDE SAID SERVICES IN DISTRICT 1 AND DISTRICT 3 FOR THE 28TH PROGRAM YEAR BEGINNING OCTOBER 1, 2002; AND FURTHER AUTHORIZING THE CITY MANAGER TO ENTER AGREEMENT WITH SAID AGENCIES FOR SAID PURPOSE, IN A FORM ACCEPTABLE TO THE CITY ATTORNEY, SUBJECT TO APPLICABLE CITY CODE PROVISIONS. WHEREAS, federal regulations require the City to provide an opportunity for citizen participation in the planning process for HUD related grant activities; and WHEREAS, a series of Public Hearings were held in each City Commission District to solicit public participation in the planning process for its HUD related grant activities; and s - WHEREAS, the City of Miami issued Request for Proposals to agencies providing economic development service activities to City of Miami residents; and OCT 1 q 2002 03- 154 WHEREAS, a Public Hearing was advertised to provide public notice regarding the proposed use for said grant funds; WHEREAS, the City Commission adopted Resolution No. 02-774 at the Special City Commission Meeting of July 8, 2002 relating to the allocation of $2,223,400 of 28`k Year Community Development Block Grant (CDBG) Program funds in the category of Economic Development; and WHEREAS, the City Commission adopted Resolution No. 02-879 at its meeting of July 25, 2002, which amended Resolution No. 02-774 by identifying specific agencies providing Economic Development activities in District 2 with the available allocation of $400,000 for said District; and WHEREAS, Resolution No. 02-774 and Resolution No. 02-879 included an allocation of $177,000 for District 1 Economic Development Pilot Projects and $116,050 for District 3 Economic Development Pilot Projects; 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. Section 2 of Resolution No. 02-879, adopted July 25, 2002, allocating $2,223,400 of 28"h Year "CDBG" funds in Page 2 of 4 c�3- 154 the Economic Development Category by City Commission District is amended in the following particulars:!/ "District 1 (HUD formula allocation distribution - 20%): Agency Amount Ailapattah Businea, Development Authority, Inc 5150,000 Assistance to the Elderly- Inc. 5 50 'a00 (Capital Improvement Project) Allapattah-wynwood Ccmmuaity Center, Inc. S 501000 (Capital Improvement Proieet) District 1 Economic Development Pilot Projects 144,QQ9— $71.000 Total District 1 Allocation (20%) $327,000 District 2 (IWD formols allocation distribution - 16%): Downtown Miami Partnership, Inc. $150,000 The Edgewater Economic Development 100,000 Corp., Inc. Rafael Hernandez Housing & Economic 150,000 Development Corporation Total District 2 Allocation (16%) $400,000 District 3 (R= formula allocation_ distribution - 23%): Resident's Village, Inc. (Capital Improvement $ 20.000 Project) Saint John Sosco Church 31,000 Service Corp, of Retired Executives Association 10,000 Small Business Opportunity Center, Inc. 250,000 The Latin Quarter Culture Center of Miami, Inc 40,000 (Capital Improvement Project) District 3 Economic Development Pilot Projects 25,050 Total District 3 Allocation (23%) $376,050 District 4 (2= Sormula allocation distribution - SS%): e�g Rvwuat Service Corps of Retired Executives Association S 10,000 Small Business Opportunity Center, Inc. 1S0,000 District 4 Economic Development Pilot Projects e5, 250 Total District 4 Allocation (154) $245,250 District 5 (HUDformula allocation distribution - 26:): Catholic charities of the Archdiocese of $100,000 Miami, Inc./Pierre Toussaint Center Neighbors and Neighbors Association. Inc. 150.000 word of Life Community Development 175,100 Corporation. Inc. (administration capped at $50,000) Total District 5 Allocation (264) $425,000 Commercial Papade Program Rehabilitation $450,000 Total for Ycamn4c Dswlopmant Activities $2,223,400' Words and/or figures stricken through shall be deleted. Underscored words and/or figures shall be added. The remaining provisions are now in effect and remain unchanged. Asterisks indicate omitted and unchanged. material. Page 3 of 4 i 03- 1511 Section 3. The City Manager is authorized to enter into individual agreements with said agencies for said purposes, in a form acceptable to the City Attorney, subject to applicable City Code provisions. Section 4. This Resolution shall become effective immediately upon its adoption and signature of the Mayor.? PASSED AND ADOPTED this 10th day of October002. 40- MANUEL A. IAZ, ATTEST: �2" PRISCILLA A. THOMPSON CITY CLERK APPROVED AS -TO VI 585:tr:AS:BSS AND RECTNESS e/ '-� If the Mayor does not sign this Resolution, it shall become effective at the end of ten (io) 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 �s TOTAL P.05 03- 154