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HomeMy WebLinkAboutR-98-0002J-98-23 12/31 /97 RESOLUTION NOD 8 - 2 A RESOLUTION AUTHORIZING THE ALLOCATION OF NINETY- TWO THOUSAND, FOUR HUNDRED DOLLARS ($92,400.00), FROM COMMUNITY DEVELOPMENT BLOCK GRANT FUNDS, PROJECT 799602 TO THE ALLAPATTAH BUSINESS DEVELOPMENT AUTHORITY, INC., FOR THE REHABILITATION OF SIXTY-SIX (66) BUSINESSES LOCATED IN THE ALLAPATTAH AREA UNDER THE CITY-WIDE COMMERCIAL FACADE PROGRAM; SAID FUNDS TO BE DISBURSED AS HEREIN SPECIFIED. WHEREAS, the City-wide Commercial Facade Program (the "Program") was initially approved in the Fourteenth (14t) Year Community Development Block Grant Application by Resolution No. 88-384; and WHEREAS, the Program is designed to promote economic revitalization in the neighborhoods of the City of Miami, and accordingly, is an important part of the City's economic development strategy; and WHEREAS, funds for the Program are allocated from Community Development Block Grant Funds (Project #799602) up to the amount specified; and WHEREAS the properties to be rehabilitated pursuant to the Program are located within the Allapattah target area; and WHEREAS eligibility for assistance under the Program is based on a 70% - 30% match, with the City providing 70% and the business or property owner providing 30% of the cost of construction, which shall not exceed the total amount of two thousand dollars ($2,000.00) per participating business; and L m WHEREAS, the properties to be rehabilitated have been reviewed by the City of Miami Community Development Department and Allapattah Business Development Authority, Inc. and are found to be eligible for the Program; and WHEREAS, the Allapattah Business Development Authority, Inc. has the necessary expertise, and is willing to provide the services necessary for the implementation of the Program and the disbursement of funds allocated to the participating businesses. 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 hereby adopted by reference thereto and incorporated herein as if fully set forth in this Section. Section 2. The amount of ninety-two thousand, four hundred dollars ($92,400.00) of Community Development Block Grant Funds, Project #799602, under the City-wide Commercial Facade Program, is hereby allocated to Allapattah Business Development Authority, Inc. (ABDA) for the rehabilitation of sixty-six (66) businesses located in the Allapattah area for the following properties: No. of Businesses Address 'thirty-two From 2601 to 2659 N.W. 20th Street Twenty-nine From 2602 to 2666A N.W. 20th Street Five From 2600 to 2658 N.W. 21st Terrace Section 3. Financial assistance to be provided by the City under this program shall be based on a 70% - 30% match, with the City contributing up to one thousand, four hundred ($1,400.00) dollars per participating business and the business or property owner contributing up to six hundred ($600.00) dollars. Section 4. Upon completion of the rehabilitation, ABDA. shall present to the City of Miami Community Development Department, all documentation and invoices generated by, or pertaining to, the Program. 2 98- 2 Section 5. This Resolution shall become effective immediately upon its adoption. PASSED AND ADOPTED this 13th day of January 1998. ATTEST: WALTER . F N, CITY CLERK COMMUNITY REVIEW AND DEPARTMENT OF COMMUNITY DEVELOPMENT APPROVED AS TO FORM AND CORRECTNESS: A. Q J S, III CITY ATTORNEY W2116:csk:LKK XAVIER L. S AREZ, MAYOR 98- 2 CITY OF MIAMI, FLORIDA INTER -OFFICE MEMORANDUM CA-2 TO : Honorable Mayor and DATE JAN — 5 1998 FILE-: Members' of the City Commission SUBJECT : Commercial Facade Rehabilitation FROM: Frank K. Rollason REFERENCES: Interim City Manager City Commission Agenda Item ENCLOSURES: January 13, 1998 RECOMMENDATION: It is respectfully recommended that the City Commission approve the attached resolution allocating ninety-two thousand, four hundred ($92,400.00) dollars to the Allapattah Business Development Authority, Inc., from the City of Miami Commercial Facade Treatment Program, for the rehabilitation of sixty-six (66) businesses in the Allapattah area. This is an on -going project which has been funded since 1988 with great success in terms of revitalizing small businesses serving low and moderate income neighborhoods. The total Community Development Block Grant (CDBG) funding approved for this City-wide project for FY 1997 - '98 is three hundred fifty thousand ($350,000.00) dollars. The recommended allocation of ninety-two thousand, four hundred ($92,400.00) dollars will be applied against the unspent project balance of two hundred thousand ($200,000.00) dollars. Please note that the Commercial Facade Treatment Program project is implemented on a City-wide basis through community based organizations serving each target area. Since the inception of the Program, the City has assisted over one thousand, five hundred (1,500) small businesses by renovating and painting their store fronts. BACKGROUND: In an effort to promote economic revitalization within blighted City of Miami neighborhoods, the Commercial Facade Treatment Program was implemented per Resolution No. 88-384 during the 14' Year of the Community Development Block Grant (CDBG) Program. Since that time, many businesses exteriors have been improved with respect to paint, signs, awnings, etc., resulting in upgraded living conditions in the affected areas, enhance neighborhood services, and increased benefits to the community. C)8- 2