HomeMy WebLinkAboutR-01-1137J-01-892
10/17/01
0
RESOLUTION NO. �� __ -'."3 yd
A RESOLUTION OF THE MIAMI CITY COMMISSION
AUTHORIZING THE ROLLOVER OF COMMUNITY
DEVELOPMENT BLOCK GRANT FUNDS PREVIOUSLY
ALLOCATED IN FISCAL YEAR 2000-2001 TO FISCAL
YEAR 2001-2002 TO TACOLCY ECONOMIC DEVELOPMENT
CORPORATION, INC. IN THE AMOUNT OF $150,000
FOR ADMINISTRATION OF THE COMMERCIAL LOAN
PROGRAM AND IN THE AMOUNT OF $60,000 FOR THE
EDISON PLAZA ECONOMIC DEVELOPMENT PROJECT, FOR
A TOTAL AMOUNT OF $210,000; AUTHORIZING THE
CITY MANAGER TO EXECUTE AN AMENDMENT TO THE
EXISTING CONTRACT WITH TACOLCY, IN A FORM
ACCEPTABLE TO THE CITY ATTORNEY, FOR SAID
PURPOSE.
WHEREAS, on March 26, 1998, the U.S. Office of the
Inspector General issued an Audit Report on the City of Miami
Community Planning and Development Programs; and
WHEREAS, to improve its internal financial management and
reporting systems, particularly as pertains to the City's
federal grant programs, a process was established to close
accounts that have been completed at the end of the fiscal year
and roll over funds to the next fiscal year for activities that
have not been completed; and
4= COMMSSION
xmrvc or
llasulutwn NO.
WHEREAS, Tacolcy Economic Development Corporation
("Tacolcy") was allocated $60,000 of Community Development Block
Grant ("CDBG") funds in the Economic Development category for
the Edison Plaza Economic Development, and $150,000 for
administration of the Commercial Loan Program to assist local
businesses and stimulate economic revitalization in the City of
Miami; and
WHEREAS, the restructured Commercial Loan Program has been
ineffective and a determination is necessary to evaluate the
feasibility of continuation of the program or developing a more
effective economic development vehicle; and
WHEREAS, it is recommended that all funds previously
allocated to Tacolcy be rolled over for use in the Edison Plaza
Economic Development Project, with the exception of $18,928 of
expenditures already accrued for the administration of the
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.
Page 2 of 4
�`� �.J i
Section 2. The rollover of Community Development Block
Grant funds previously allocated in fiscal. year 2000-2001 to
fiscal. year 2001-2002 to Tacolcy Economic Development
Corporation, Inc. in the amount of $150,000 for administration
of the Commercial Loan Program and in the amount of $60,000 for
the Edison Plaza Economic Development Project, for a total
amount of $210,000, is authorized.
Section 3. From the $210,000 being rolled over in
Section 2 above, a maximum of $18,928 may be used to cover
expenses already incurred by Tacolcy for the administration of
the Commercial Loan Program.
Section 4. The City Manager is authorized!' to execute
an amendment to the existing contract with Tacolcy, in a form
acceptable to the City Attorney, for said purpose.
Section 5. This Resolution shall become effective
immediately upon its adoption and signature of the Mayor.�!�
ii 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.
z�
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. Tf the Mayor vetoes this Resolution, it shall become
effective immediately upon override of the veto by the City Commission.
Page 3 of 4
PASSED AND ADOPTED this 25th day of
ATTEST:
f
October , 2001.
JOE CAROLLO, MAYOR
In accordance wilh the Mayor f=rr c'srl
fro#
this by s
Cz, f;
regarding same, withc3u,� it,,c, tvlgyoc ,�u�cisiry to.
WALTER J. FOEMAN
CITY CLERK
City Clerk
APPRO b AS/TO ,,FARM AND CORRECTNESS :C/
NDRO VILARELLO
ATTORNEY
W5721: LB
Page 4 of 4
CITY OF MIAMI, FLORIDA 6
INTER -OFFICE MEMORANDUM
TO: Honorable Mayor and DATE: FILE,
Members of the City Commission OCT -r ^�
SUBJECT; Rollover of Funds for
Tacolcy Economic
Development Corporation
FROM :��. A/ REFERENCES
Carlos A. Gimenez City Commission Agenda
City Manager �NCLosupes: October 25, 2001
RECOMMENDATION:
It is respectfully recommended that the City Commission adopt the attached Resolution
rolling over $210,000 of Community Development Block Grant (CDBG) funds
previously approved for the Tacolcy Economic Development Corporation, Inc. to Fiscal
Year 2001-2002 and further authorizing the City Manager to amend the existing contract
with said Agency, in a form acceptable to the City Attorney.
BACKGROUND:
In response to the Audit Report issued by the U.S. Office of the Inspector General and.
through the City's effort to improve its internal financial management and reporting
systems, particularly as it pertains to the City's federal grant programs, the
Administration has established a process that closes accounts that have been completed at
the end of the fiscal year and rolls over funds to the next fiscal year for activities that
have not been completed.
The Administration will identify these projects and prepare legislation for City
Commission action to carryover these activities in FY'2001-2002. However, to ensure
that the Edison Plaza Economic Development Project in Model City can proceed without
interruption, it is recommended that Community Development Block Grant (CDBG)
funds previously approved for the Tacolcy Economic Development Corporation (TEDC)
be immediately rolled over to support this project. This Agency was awarded two (2)
grants in the 26`' CDBG year totaling $210,000. During the 26th Year Request for
Proposal (RFP) process, TEDC was allocated $60,000 in the Economic Development
category, which was earmarked for the Edison Plaza Economic Development Project.
In addition, at its meeting of September 14, 2000, the City Commission allocated another
$150,000 to TEDC to administer the Commercial Loan Program to assist local businesses
and stimulate economic revitalization in the City of Miami. However, it has become
apparent that the restructured Commercial Loan Program has been ineffective and the
Administration is reassessing this program to determine the feasibility of continuing the
� 4 19� liwl
program or developing a more effective economic development vehicle. Following this
assessment, it is anticipated that the Administration will return to the City Commission
with its recommendation in early 2002.
At this time, it is recommended that all funds previously allocated to TEDC be rolled
over for use in the Agency's Edison Plaza Economic Development Project, with the
exception of $18,928 of expenditures already incurred for the administration of the
Commercial Loan Program. TEDC has been working closely with Congresswoman
Meek's office to also secure federal funds for this project, which will provide a parking
facility to assist businesses along the NW 7 Avenue Commercial Corridor and the Edison
Plaza.
It is recommended that the City Commission adopt the proposed Resolution that rolls
over the $210,000 of Community Development Block Grant Program funds previously
allocated to the TEDC and that these funds be directed to the Edison Plaza Economic
Development Project and further authorizing the City Manager to amend the existing
contract with said Agency, in a form acceptable to the City Attorney.
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