HomeMy WebLinkAboutR-03-0706J-03-538
06/23/03
RESOLUTION NO. 0 `; — 7 0 6
A RESOLUTION OF THE MIAMI CITY COMMISSION,
WITH ATTACHMENT(S), AUTHORIZING THE TRANSFER
OF COMMUNITY DEVELOPMENT BLOCK GRANT PROGRAM
FUNDS, IN THE AMOUNT OF $471,770, FROM THE
COMMUNITY REDEVELOPMENT AGENCY/MICRO
BUSINESS LOAN BUSINESS PROGRAM TO THE
COMMUNITY REDEVELOPMENT AGENCY/GROW MIAMI
FUND FOR A COMMERCIAL LOAN PROGRAM;
REQUIRING THE AGREEMENT BETWEEN THE
COMMUNITY REDEVELOPMENT AGENCY, THE NATIONAL
DEVELOPMENT COUNCIL AND GROW AMERICA FUND,
INC. TO ESTABLISH THE GROW MIAMI FUND AND
REFLECT THE CONTRACT CONDITIONS, AS ATTACHED
AND INCORPORATED; FURTHER PROVIDING THAT
CHANGES TO SAID CONTRACT CONDITIONS BE
SUBJECT TO APPROVAL BY THE CITY OF MIAMI
DEPARTMENT OF COMMUNITY DEVELOPMENT AND
FURTHER DIRECTING THAT SUBSTANTIAL CHANGES
TO SAID CONTRACT CONDITIONS BE PRESENTED TO
THE CITY COMMISSION FOR APPROVAL.
WHEREAS, Resolution No. 98-465, adopted May 12, 1998,
reallocated available Community Development Block Grant ("CDBG")
funds, in the amount of $500,000, to Micro Business Loan
Business Program (Micro Loan), to be operated by the Community
Redevelopment Agency ("CRA"); and
ATT A CH EXT�w)�
C aT I
CITY COMMISS ON
MEETING Of
JUN 2 4 2003
xesolutian No.
03— 706
WHEREAS, Resolution No. 00-535, adopted June 29, 2000,
authorized the allocation of CDBG funds, in the amount of
$28,230, from the Micro Business Loan program to Shakers Conch
House, leaving a balance of $471,770 in the Micro Business Loan
Program; and
WHEREAS, GAF was created in 1992 by the National
Development Council ("NDC") to operate as a community
development bank in partnership with NDC relationship
communities throughout the United States; and
WHEREAS, GAF is a Small Business Administration ("SBA")
7(a) Loan Guarantee Program, an SBA licensed lender, a United
States Treasury Department designated Community Development
Financial Institution and a Community Development Entity under
the United States Treasury Department's New Market Tax Credit
Program; and
WHEREAS, the CRA has requested the transfer of funds, in
the amount of $471,770, to Grow Miami Fund, a new project fund
that will be the local affiliate office of GAF;
NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE
CITY OF MIAMI, FLORIDA:
Page 2 of 4 ,
03- 706
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 transfer of Community Development Block
Grant Program funds, in the amount of $471,770, from the
Community Redevelopment Agency/Micro Business Loan Business
Program, to the Community Redevelopment Agency/Grow Miami Fund
for a commercial loan program, is authorized.
Section 3. It is required that the Agreement between
the Community Redevelopment Agency, the National Development
Council and Grow America Fund, Inc. to establish the Grow Miami
Fund reflect Contract Conditions, as attached and incorporated.
Section 4. It is further required that changes to said
Contract Conditions be subject to approval by the City of Miami
Department of Community Development, and that any substantial
changes to said Contract Conditions be presented to the City
Commission for approval.
Page 3 of 4 03- 706
Section 5. This Resolution shall become effective
immediately upon its adoption and signature of the Mayor.v
PASSED AND ADOPTED this 24th day of June , 2003.
4W'�Z_ 6- g
ANUEL A. DIAZ, Z
A
ATTEST:
PRTICILLA A. THOMPSON
CITY CLERK
APPROVED , TO ORM.;:AND CORRECTNESS:6-
PRO,07ILARELLO
TTORNEY
7306:tr:AS:BSS
ii If the Mayor does not sign this Resolution, it shall become
effective at the end of ten (10) 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
03- 706
ATTACHMENT
CONTRACT CONDITIONS
AGREEMENT BETWEEN:
City of Miami Community Redevelopment Agency (CRA)
The National Development Council (NDC)
The Grow America Fund, Inc. (GAF)
FUNDING SOURCE: Community Development Block Grant (CDBG) Program
FUNDED AMOUNT: $471,770
CDBG ELIGIBLE ACTIVITY: 24 CFR 570.203 (b)
— National Activity: 24 CFR 570.208(d)(6)
PURPOSE of AGREEMENT:
To establish a community banking partnership known as the Grow Miami Fund (GMF)
OBJECTIVE OF GROW MIAMI FUND:
(1) to create an economic development finance bank which will leverage the CRA's limited
investment capital and make loans to eligible small businesses which will create jobs
and economic opportunity, stimulate investment or eliminate blight in the CRA area;
and
(2) to use the net revenues to promote additional investment into or to fund additional
community economic development programs, in the CRA area and/or for the benefit of
the CRA's low/moderate income target population, with prior approval by the City of
Miami Department of Community Development.
AGREEMENTS:
(1) GMF will be capitalized with equity provided by the CRA. These funds will be used
solely for eligible SBA -guaranteed loans within the targeted neighborhoods identified by
the CRA.
(2) GAF will provide staff to operate GMF, provide periodic reporting to CRA and provide
training and capacity building services for local GMF staff.
(3) GAF will be responsible for all U.S. HUD reporting requirements, as well as all
reporting required by the City of Miami.
(4) Revenues generated by the financing activities of GMF:
a. GMF will be paid a preferred return on its equity which is invested in small
business loans. At this date, the preferred return is two percent (2%).
b. GAF will be paid an Administration Fee for the operation of GMF from the
remaining balance of Revenues after the preferred return has been paid. The GAF
annual Administration Fee budget must be pre -approved by the City of Miami
Department of Community Development.
Page 1 of 1
`'i 706
q) t
Kam
TO
FROM
CITY OF MIAMI, FLORIDA
INTER -OFFICE MEMORANDUM
The Honorable Ma or and
embers of th ity ommiss' n
J e Arriola
Manager
RECOMMENDATION:
DATE: JUN 13 W FILE:
Transfer of CDBG Funds to CRA
SUBJECT: / Grow Miami Fund
Special City Commission Meeting
REFERENCES: June 24, 2003
ENCLOSURES:
It is respectfully recommended that the City Commission adopt the attached Resolution, with
Attachment, transferring Community Development Block Grant (CDBG) Program funds from
the Community Redevelopment Agency / Micro Business Loan Business Program in the amount
of $471,770 to the Community Redevelopment Agency / Grow Miami Fund for a commercial
loan program; requiring that the agreement between the Community Redevelopment Agency, the
National Development Council and Grow America Fund, Inc. for the purpose of establishing the
Grow Miami Fund reflect the attached Contract Conditions; and further providing that changes
to the attached Contract Conditions be subject to approval from the City of Miami Department of
Community Development and substantial changes to the attached Contract Conditions be
brought back to the City Commission for approval.
BACKGROUND:
On May 12, 1998, the City Commission adopted Resolution No. 98-465, reallocating available
Community Development Block Grant (CDBG) funds of $1,435,858, including CDBG funds of
$500,000 to the Micro Business Loan Business Program (Micro Loan), which was to be operated
by the Community Redevelopment Agency (CRA). Resolution No. 00-535, adopted June 29,
2000, allocated CDBG funds of $28,230 from the Micro Loan program to Shakers Conch House,
leaving a balance of $471,770 in the Micro Loan program. The CRA has requested the transfer
of $471,770 to Grow Miami Fund, a new project fund which will be the local affiliate office of
Grow America Fund, Inc. (GAF).
GAF was created in 1992 by the National Development Council (NDC) to operate as a
community development bank in partnership with NDC relationship communities throughout the
United States. GAF is a SBA 7(a) Loan Guarantee Program, a U.S. Small Business
Administration (SBA) licensed lender, as well as a U.S. Treasury Department designated
Community Development Financial Institution (CDFI) and Community Development Entity
(CDE). As a SBA 7(a) Loan Guarantee Program, its leveraging capability will enable the CRA
to realize a total lending capacity under the program in excess of $2,000,000 based on this initial
investment.
The GMF will service business needs in the redevelopment areas by providing access to
affordable loans in the range of $25,000 to $1,300,000, with a projected average loan size in the
range of $100,000 to $300,000.
03- 706
GAF will provide staff to operate GMF, provide training and capacity building services for the
local GMF staff and will be responsible for all U.S. Department of Housing and Urban
Development (U.S. HUD) reporting requirements, along with all reporting requirements
established by the City. GAF will be paid an Administration Fee for operating GMF from the
remaining balance of Revenues after the Preferred Return (currently 2%) has been paid to GMF.
GAF's annual Administration Fee budget for must be pre -approved by the City of Miami
Department of Community Development. Any change to the Contract Conditions attached to the
proposed Resolution must be approved by the Department of Community Development.
Substantial changes to the attached Contract Conditions must be brought back to the City
Commission for approval.
Agency / Activity Amount
Community Redevelopment Agency/Micro Business Loan Business Program J$(471,770
Community Redevelopment Agency/Grow Miami Fund 1 $ 471,770
It is recommended that the City Commission adopt the attached Resolution, with Attachment,
transferring Community Development Block Grant (CDBG) Program funds from the
Community Redevelopment Agency / Micro Business Loan Business Program in the amount of
$471,770 to the Community Redevelopment Agency / Grow Miami Fund for a commercial loan
program; requiring that the agreement between the Community Redevelopment Agency, the
National Development Council and Grow America Fund, Inc. for the purpose of establishing the
Grow Miami Fund reflect the attached Contract Conditions; and further providing that changes
to the attached Contract Conditions be subject to approval from the City of Miami Department of
Community Development and substantial changes to the attached Contract Conditions be
brought back to the City Commission for approval.
The proposed Resolution re -allocates CDBG
impact on the General Fund.
L GR
grant funds and does not have a budgetary
03- 706
L FLA SUNDAY, JUNE A2003 WM. , .herald.com The Herald 5B
City of Miami
Department of Community Development
The Miami City Commission will hold a Public Hearing to discuss issues relating to the
Community Development Block Grant and other HUD Programs.
Tuesday, June, 2C 2003.1'..0 PAL
Gly of --tonsil Coln insion Chamber
e l Propam lo g caQ61a ash notice of0.N n CPPWLF* b eo rant an
any amanarwe4 b fess W8G program. AddsarWy rie puutife a baig adriesd d rnendnrfa b fe COBG ftatds pmlpan al dMidu amnansua ane ndiond bean:
t. Deamaioru and pmpase0 naoMeon apprasig theC4y d Afrais Puutlit Hari9 Agency MPA Para ildtldig fM Rre flan 9eaepe PIN for Foca Y4r 2000-M ON re
Annual plan for Fed Yen 2003. n ooralerlen ser the 0.r pinaraafOn Arid admtiiYatial d fa aA moon! Uodera4 fleraliYation Ping -wad, , r 9 the Cry menew,
b U&M the PHA Pans for reriewlappor•I M the US Dept d HJI>. hafsr aloraYg Sea9on 8 Modrae NdWnihtion Ropram Finds of SZ642.094 for dent coo ad
5399292btheaYdtaamiDaperrrrrfdCnarwulyDerelcpnrerflorAdairuaaatira foratotddS29B03f6
2 Discussion ad PoDoaad resoMAon approsig fu melted Oty d lifami Lool Houang AaaOooe Pbn (UiV'i at ached and erorporaad for In period d Jrfy t. 2001 two*
June 30,2W4, for fm eonaarad participation at ft Oly it the Florida Stale Housing I ilaares (MP) Pt*Ww authorizing to Cky Mantler b amrtd a nsdI pan for review
and a; I , 'byte Florida Hbeirg Firaroe Cerpratian
3. Discussion and ProPoaed resolution adopag pokes forlhe 291hVier Corenu iyr DrAlcl anent Boo Grand (CDBO tmdrg Mamas raised Soft Caraaaa F#adaTaaseaf
Rogan.
4.0adussionandpuepoaedre"Al aloeaa95440.00001FedYen2M3.20W1Fnsrgray5he1rGw9jlW)Fudsasbluer
ALLOCATION OF 29TH YEAR EMERGENCY SWELTER GRANT Ftp
EMERGENCY AMOUIIIT
Departmerd of Community osvelopnentlGranc Administration $13.200
City of Miami * W1. s0. Program
TOTAL AMOUNT OF ESO PROGRAM FTNNOS- 5440.900
5. Doom eandpopaeonasa4eendz"5faUOADdfs2emMarC uw*0enal*mWab#Gwgf�Progtam6lfmrelordsaid3B(pg000dPuogemnmasarasoWal
515.140.000bsow OYmricipdfWisesadaelaadaoalestorNr2101ProgamYsrtsgreigOdoEnf. isioloas
PROPOSED 29111 YEAR
A e OCA1M
Departmient of Community Dw^*p wWGrwe Administration (20%) 822211 000
Deparby-ft of Community Samos g Program
Sec 100 Loan C ees 12WA000
Lot Cleaning 276.500
NET Code EMorcament 790.00
City of Miami SwWang DalwUnwillUnseds Structures;7.746.000
Yc Services
Economic DevaloprrusM 3.500.000
NOUN u9 — 4.000.000
Capital Improremerrt Projects
W4500
"FwvkV to be allocated at a alar dose @sough an RFP
TOTAL CDOG FUNDING AMOUNT: 515140000
G ffuaaelonadPr�medmsdonfaaaurirgC wo*DeelopnotSockGms(COBC►, PnoparFandifomCaassYrypederaopneaAgwepMCMBnanmtM&Nh=pMWnfs
aetaaedIS471,770bfeCoss ayiiadr*noAOsa)lGmeWmFund fors CenenektlLaniPmpan
ERRING FROM: Al OU11ff
AgenWAcCa nm stity Redr-lopment Agency/ 5471.770
TRANSFERRINGI&A AAMXW
Cosnarrrly Redaurebpmesll Agaelgr/ $471.770
Miro Suwon Loan Business Program
tatON llTiafni Furrd
TOTAL AfIOUNT: 5471,770
TOTALAMOUNT: 5471.770
7. Discussion cion and proposed resolution trareknii Community paelop nemt 131cx* Grant (CM) Peopa n Fords of $415.000 from Commtaify
Fardefticipment (HOME) Progran of 5646182 from the
andbPrs-quaYfwfos
Redeveelopnrent Agen�OloLmCebu�jer'e Program to thaboande CRAWarmq Pilot Piogrstnf fw hosing ruseds in the CRA era :a
A arses as
FROLL,A�ffi
CDBG RNIDINC AGO
CRMCLUC 90 PROJECTS $415.000
Mrs FMNU Hamm
CRA HOUSING PLOT PROGRAM 5415.000"
"Tobe Anxisdate Aslsr dal troughs" RFP
TRAMHOME FUNDING Atm
CRMIOMEBUYEFrS $646.192
OM i$ AItQ3RQ
Holi
CRA HOUSING PILOT PROGRAM $646.192"
PyE-0UN.IFICAT1ON PROGRAM
"Tobe Aatdadsta owdeas through an RFP
TOTAL CrG FUNDING AMOUNT: 5411SAW I
TOTAL /NOME FUNDING AMOUNT: 5646.192
AMENDMENTS TO 20h YEAR CD9G PROGRAMS
S. Discussion and proposed ras.hilk aulhoridrg the transfer ot:
110IISI4G DEVELOPMWr CATEGORY
TRANSFEFIRM FROM:AIS Atm
EDS or rc Re rue b— *178,1100 Rafael FlerrrrarrdHousingeHoHousing and $178800
I
TOTAL AMOUNT: S17s,8g0 TOTALAMOUNT: 5178>1g0
9. DmgimwAPopordmoI dm"StOA17.OZMdFraYavE MNOPIYAProgra b*and55200ADOdualoradFeWYw2D02.20D31DMPs mkmoarioNd
515917,M0aslobrs
ASiEt�Y
l AM
SAME Development Corporation of Satoh Flaids Inc. 5 127500.00
t;eraer of Ysonnabon N: Orientation, Inc. S 127.500.00
City of Muni — Departrrwd of Community Dsrdopment ss -%4.050.00
Conamsuty AIDS Resource, Inc. s 127.500.00
Community ty Gee Mansgennvt nc. s • 95.625.00
Douglas Gardena CarreranitY Mental Health C$nW of Miami Beach. Inc. 52.141.150.00
Empower V. Inc. $ 727.500.0 F`j
Spanish Anusuiean Basic Education itRehabitaatioru. Inc. 63.760.300.00 3 ( O
T1ne Cerner fox Pcaieive Corvueetiors. Inc. $ 127.500.00
N i RsNnal a Advocacy
L aaoh Co -ursty Development Corporation. Inc.
$ 200,000.00
TedwftM Assistance
Apple Tree Perspectives, Inc.
a 100.000.00
Prq.a-ewe n.aw Subs* Ppap-rn
Miami Beach commwaty D-MoMeru coMorabcn, Inc.
$ 150.000.00
spasm l l I n.Mearwal cam
Bans way of Miami. Inc.
$'118.625.00
C WWhc Charities of the Archdiocese of Mu m;, Inc. - Genesis Program
a ,a9 267.00
south Florida .ed M;ra tries, Inc.
a 109.so5.00
n-gancy Proven
c"I Departm nt of C.Wmnty DewepmentCITY
x1.500,000.00
pnWaminapecdons
Of of cwnmuniy DwoMmarn
$ 500.000.00
Papan AdrmNriWatfon (m)
a 318.000.00
Capital FundkV–
Canbur Supp°niva Housing, Inc
$ 296.492.00
Movers. Inc.
Mierrri Baaeh CarmrurMy Develppneprit CorPOrabon. Inc.
S 450.000.00
S 296.491.00
• Fend g Hoon g a commerner Can Comnaibe A WMW
TOTAL WWWA R1NOtNCii ANDD r. -
$15,M7A00.00
10. Discussion ane prcPaeed resolution awceang $3.500.000 Of 29th Yeer Community Development Block grant (CDBG) Program funds in the
ar Ee -- oeralopnurrl as "'-.
Age=
Allepattah wd aux Inc.
RMDM
$ 200.00a00
Camacd Low Funa W–
s 95,003.00
Dapantrn nt of sisal Estate aE
and conra,rc
$ 523.045.00
Dow Coen Mierni pubmal inc.nt
$
.abase C VMN:y DarsplolMd Corporation
Ntighbora and tilsigitbors Association, Inc.
123,70 a00
$ 150.000.00
a o.ralopnrar><Corp.
s /20045.05
Small Business Career, lnr
The Edgewater6capanuc velaxnarrl Corp.
00s
$ 4000.00
_. arc.
Word of Lift CDC
e2.o54.00
$ 259.516.00
Reserve Fund
$ 418554.00
C ky d Meet!
Commercial Cove Compfarres Program
S 325.088.00
Commercial Fagads Prograrrl
s 700.000.00
TOTAL ECONOWC DEVELOPWW RNMMQ AMOYMT:
S3A00A036p3
11. Discussion and pr' I , , - d resolution allocating S1519AW at 2ah Yier Corm koft Dtwbprrere Block Grant (CDBG) Program hails and
5226230 of program income for a tidal d 51. 40.005 n the cMsgorj of Public Berrbas ss folowa
Action Commmrrty Center, are.
250.00
ahPana<r Corrureurrly Acton, Inc .
$319.200.00
Arte-N-Ths-Food. Inc.
S 20.000.oD
Catuatic Chadtias of the ArUiiocses of himtp, nci
Centro Mater Childcare Canter
$21'r .00
CWKft Charities of the Archdiocese of liarrr, Incl
$11,350.00
Contra Faspano Cablico Chid Care Services
Caftft Charities of the Archdiocese of lAians, Incl
$28.107.00
Sagrade Fanpiiq Chid Cam Center
Coconut Grove Cares. Inc,
$20.000-00
Do! Senor Career. Inc.
$112.419.00
Fawn Ayinw Nan MiyanM. Inc.
$50,000-00
nears a Up, kKt
$50.000-00
Florence L004 kseri?gy Children's Tourn9 Dance Company, Inc,
$35.000.00
Florarret Littre Inner-City Children's Tasirg Dartos Company, Inc,
$80,000.00
Haitian Awareneas & Cultural Foundation. Inc.
$ MOW=
KIOCO Chid Care. Inc.
$ 48,858.00
Lions l+aprs for the Bind. Inc.
$20.000.00
Lift Brothers - Friends of the Elderly, Inc.
$20.000.00
IN* N.wns Activities a Nutrition censers of Dade Cousy. Inc.
$ 87.691.05
Regis Nouse, Inc.s
7.830.50
Southwest Social Bannon Programs, Inc.
:137.000.00
St. Aban's Day Nursery. Vie.
S 56.733.00
of the Exceptional, Inc
25.000.50
The Liberty City Optimist oft Flats
50.000.00
The Non-Violence$
The oC' ManChristian Association of Greater Miami. (Fionids)
$15,00040
Theodore Rooeswl Gibson Mamonkv Fledt Inc.
*'ed
$ 8.000.00
11 Feitiarr American Artists. Inc.
District s Pnioriy Reterw
$ 50.000.00
5 83.980.03
TOTAL PUK11C SSMCE RMAMM AMOUKt-
$1.74/A0300
12. DWoLmion and pro; - I resolution allocating 5804505 of 29th Year Community Dawiopnere Block Grant (CDBG) Program ands for Cgpikll
anpnowmant in the 291h Program as 1, 1, s:
KOM Child Cam. Inc.
$100.000.00
City of Miami Capital lmpkovenw. Projects
$704.500.00
TOTAL CAPITAL N PROVE11111fi RNIDWO AMOUNT:
13. Discussion and propoaad resolution prarrong an aidanaion of time, from December 14, 2002 to Daoanber 31.2004. bBAMS Dweltrprrterrl
with the oorakrctiork and ser of Jany (40) now airkgk fraiy horns tar gkrlDad bar
Cerporation of South PcrkM, Inc. ion
and Odentl t ptarKkstl
ed certain ly dybened parcels
at Northwest ttth and nth Stnen belaean WarUrarsat ft and
SM A Miami. Floridan the nasrn
�
obligations °} the Cityera the Southeast Owrtow want
Community Rsdskabpnrrerr Agency (CRA) for an gwmron� nrarleting for
are New hope C)vertown Fiouelrg Project holdkg -SAME solely
AME
nparaeong vmlecL
14. Discussion and proposed resolution auawriang a granin an arrwurs root b enceed $100.000. to Naigltbos and Neighbors Association
INA.NA.) to assist Merry small businesses; a/pr tirng Inds trop an accountb be ic' m 'IN, d by the City Manager.
Interested individuals aro encoueged to adend this Public Fearing. The mating
site is eocessible to to handicapped.
(Ad tto.11559)
I
dnol$ app moi; amsuac) •� ` ' ••• • �. -
03- 706
'a4
T'-�-27-98 MON
-i7
J-98-433
5/1/98
7 - 4.3.. .
RESOLUTION NO. q 8--- 5
A RESOLUTION AUTHORIZING THE CITY
MANAGER TO REALLOCATE $1,435,8S8 FROM
AVAILABLE COMMUNITY DEVELOPMENT BLOCK
GRANT (CDBG) FUNDS FROM CERTAIN CDBG-
FUNDED PROJECTS AND PROGRAM INCOME FOR
THE PURPOSE OF FUNDING CDBG ELIGIBLE
ACTIVITIES AS SPECIFIED IN SECTION 3 OF THIS
RESOLUTION; ALSO, ALLOCATING $411,611 FROM
THE IMPACT FEE TO DOWNTOWN PARKS AND
$288,389 FROM THE CDBG CONTINGENCY FUND
ALLOCATION AS THE IMPACT FEE MATCH TO
DOWNTOWN PARKS TO THE BAYFRONT PARK
WROVEMENTS PROJECT; FURTHER
AUTHORMNG THE CITY MANAGER TO EXECUTE
THE APPROPRIATE LEGAL AGREEMENTS AND
DOCUMENTS, IN A FORM ACCEPTABLE TO TETE
CITY ATTORNEY, IN CONNECTION WITH THE
DISBURSEMENT OF SAID FUNDING.
to, . e 2
, WIIEREAS, the Department of Community Development has identified 51,435,858 in
available Community Development Block Grant Program funds from various CDBG projects and
program income accounts which can be re -allocated to provide funding for CDBG eligible
activities that are currently unfunded projects and are identified in this Resolution; and
WHEREAS, the Department of Community Development has identified $411,611 of
Impact Foes to Downtown Parks and $288,389 from the CDBG Contingency allocation as the
Impact Fee Match to Downtown Parks which can be re -allocated to provide funding for projects
identified in this Resolution; and
CYrit COSEWSSM -
>MtEE tar OF
—I.
MAY 12 IM •-- •
A440tutwo t�td
03- 706
-Tu,, --27--98 MON 7:47 P 03
WHEREAS, the City Administration recommends the re -allocation of the
aforementioned funds for the purpose of providing funding in the amount of $2,135,858 to
projects identified in this Resolution;
NOW, 11FREFORE, 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
hereby adopted by reference thereto and incorporated herein as if ibliy set forth in this Section
Section 2. Unexpended Commaunty Development Block Grant (CDBG) progmm
funding from the following CDBG-funded projects and program income accounts in the amount
of $1,435,858, is hereby re -allocated to the projects listed in Section 3 of thus Resolution:
PtQiect Nu Amount
1. Miami Capital Loan Program $ 800,858
2. Multi Family Housing Rehabilitation Program Income 635
Total 51,4359858
Section 3. Unexpended Community Development Block Grant (CDBG) program
funding from the CDBG-funded projects and program income accounts in the amount of
$1,435,858 from the projects listed in Section 2, is hereby re -allocated to the following projects:
141,77-7-71
I. Workforce Development Facility
2. Citadel (FY98)
3. Citadel (FY99
4. Allapattah Produce Marketplace Study
5. Community Enhancement Project - Wynwood Target Area
6.. City-wide Residential Paint Program
7. City-wide Lot Clearance Program
S. Micro Business Loan Business Program
Total
- 2 -
S 230,000
340,429
90,429
15,000
110,000
50,000
100,000
500.000
51,435,858
03- '706
.F,IlL-27-98 MON 7:4e
P . e4
Section 4. Impact Fees to Downtown Parks in the amount of $411,611 and the
CDBG Contingency Fund allocation to be used as the Impact Fee Match to Downtown Parks in
the amount of $288,389 are hereby reallocated to the Bay Front Park Improvements Project.
Section S. The City Manager is hereby authorized' to .execute the appropriate legal
agreements and documents, in a form acceptable to the City Attorney, between the City of Mani
and projects identified in this Resolution.
Section b. This Resolution sha11 become effective ,rnn ediately upon its adoption
.�
PASSED AND ADOPTED this 12th day of May' '1998.
Joe Carollo,
ATTEST:
WALTER L FOEMAN, CITY CLERK
DEVELMIENT DEPARTMENT
APPROVAL:
rA
GWEN1DqPYN C. WARREN, DIRECTOR
DEPAR NT OF COh84UNTTY DEVELOPMENT
REVIEWED AS TO ACCOUNTING AND TREASURY
REQUIREMENTS:
U& -,u &�-�
+pIC
LOURDES YES, COMPTROLLER
DEPARTMENT OF FINANCE
MAYOR
The hearing 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.
03- 706
I
TU -L-2 T-98 MON T : 48
OFFICE OF BUDGET AND MANAGEMENT
ANALYSIS REVIEW
A
DIPAK PAREKK D OR
OFFICE OF BUDGET AND MANAGEMENT
ANALYSIS
PREPARED AND REVIEWED BY:
LINDA K. KEARSON
ASSISTANT CITY ATTORNEY
W2472:CSK:LKK
P . 0 S
�f�dBnCe 1Nith ARtalni Cede See. 236. since the tidsygr did not Macm ap��J of
*ftn by ebfi g it In ft 119StnWed plain prov "Id i gi3!8j:j:
Off"" wnh the obW of ten (10) days from the dote of Conxnlsatcn act:brn
oo,ftlr^*&hoot the Meyor ecce ftma a vote. A
03- X06