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HomeMy WebLinkAboutM-97-0517M 0 CITY OF MIAMI, FLORIDA INTER -OFFICE MEMORANDUM TO: Honorable Mayor and Members of the City Commission p. FROM: E war Marqt City Manager RECOMMENDATION: • 24 DATE : June 25, 1997 FILE Resolution Amending SUBJECT: Resolution 97-407, Adopted June 9, 1991 REFERENCES: ENCLOSURES: City Commission Agenda Item --June 26, 1997 It is respectfully recommended that the City Commission adopt the attached resolution, amending Section 2 of Resolution No. 97-407, adopted June 9, 1997, restoring the 10% funding to seven economic development community based organizations (CBOs), fiirther identifying $100,000.00 from 22❑d Year Community Development Block Grant Contingency funds for economic development services in the Model City and Wynwood areas by CBOs to be determined. BACKGROUND: On June 9, 1997, the City Commission adopted Resolution No. 97407 approving the funding of seven (7) economic development community based organizations (CBOs) from the Twenty-third (23`d) Year Community Development Block Grant fund and program income. In addition, the City Commission further recommended the reduction of the allocation to the CBOs by ten percent (10%) to be used to address economic development services in the Model City and Wynwood areas, until such time as funds are identified and are available to fund said programs at the level of $50,000.00 each for both Model City and Wynwood. Funds in the amount of $100,000.00 have been identified from Twenty-second (22°d) Year Community Development Block Grant funds contingency account. Therefore, by approving the attached resolution, funding for economic development services in Model City and Wynwood would be provided through CBOs to be determined through a request for proposal process and the City would in effect restore the ten percent (10%) reallocation to the seven (7) • CBOs as originally intended by Resolution No. 97-407. A new organization entitled, Metro -Miami Community Development Corporation, Inc. (MMCDC), has expressed an interest in seeking funds to provide services in both Model City and Wynwood. However, after reviewing the application of Metro -Miami Community Development Corporation, Inc., it has come to our attention that the Executive Director is a principal in another, corporation (2368, Inc.) which received a $292,878.00 City loan for a multi- family housing project, in which the corporation is $29,549.00 in arrears to the City. Honorable Mayor and Members of the City Commission Page 2 Moreover, the Deputy Director of Metro -Miami Community Development Corporation, Inc.. has previously defaulted on one City loan in 1994 (approximately $8,000.00 unpaid) and also defaulted on one loan from Miami Capital Development, Inc., in the amount of $7,632.00. (See attachment). Accordingly, considering the above facts, the Administration does not recommend funding of Metro -Miami Community Development Corporation at this -time. <shared-memosvh>mayorcc 13 2' 97- 517 J-97-500 7/17/97 RESOLUTION NO. A RESOLUTION AMENDING SECTION 2 OF RESOLUTION NO. 97-407, ADOPTED JUNE 9, 1997, RESTORING THE 10% FUNDING TO SEVEN ECONOMIC DEVELOPMENT COMMUNITY BASED ORGANIZATIONS (CHOs); FURTHER IDENTIFYING $100,000.00 FROM 22ND YEAR COMMUNITY DEVELOPMENT BLOCK GRANT CONTINGENCY FUNDS FOR ECONOMIC DEVELOPMENT SERVICES IN THE MODEL CITY AND WYNWOOD NEIGHBORHOOD DEVELOPMENT AREAS BY CBOs TO BE DETERMINED. WHEREAS, on June 7, 1997, the'City Commission directed that ten percent (10%) of the recommended funding for seven (7) economic development community based organizations be reallocated to fund economic development programs in the Model City and Wynwood neighborhood development target areas; and WHEREAS, the City Commission further directed that if monies were identified and available to fund said programs in Model City and in Wynwood, the ten percent (10%) reallocated would be restored to the seven (7) community based organizations as per the original recommendations of Resolution 97-407; and WHEREAS, additional funding for the economic development programs in Model City and Wynwood has been identified in the amount of $100,000.00 from Twenty-second (22nd) Year Community Development Block Grant Funds Contingency Account, therefore, avoiding the necessity of reducing funding to the seven (7) community based organizations by ten percent (10%); and 97- 517 3 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. Section 2 of Resolution. No. 97-407, adopted June 9, 1997, is hereby amended in the following particulars:` .91 Allapattah Business Development Authority, Inc. Coconut Grove Local Development Corp., Inc. Downtown Miami Partnership, Inc. Edgewater Economic Development Corp., Inc. Pierre Toussaint Haitian Catholic Center Little Havana Development Authority Small Business Opportunity Center QQQ QQ 80,000.00 _•Q $ 64,000.00 •Q• QQ 60,000.00 • • •• •• . 111 11 •• QQ $ 54,750.00 $119,650.00 --� ��- 98,500.00 TOTAL FUNDING: S49,610.00 $523,900.00 Section 3. Funds in the amount of $100,000.00 are hereby identified from 22' Year Community Development Block Grant Funds contingency account, to fund economic development services in the Model City and Wynwood neighborhoods at the level of $50,000.00 each by CBOs to be determined. '-/ 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. 2 M Section 4. This resolution shall become effective immediately upon its adoption. PASSED AND ADOPTED this day of , 1997. ATTEST: WALTER J. FOEMAN, CITY CLERK DEPARTMENT OF COMMUNITY DEVELOPMENT REVIEW AND APPROVAL: ELBER WATERS, INTERIM DIRECTOR FINANCIAL AND BUDGETARY REVIEW: LOURDES REYES, DIRECTOR APPROVED AS TO FORM AND CORRECTNESS: A. QUINN JONES, III, CITY ATTORNEY <shared-resolutionsvh>metro-miamicdcres JOE CAROLLO, MAYOR 3 5 '� 517