HomeMy WebLinkAboutR-93-0191J--93-215
3/11/93
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RESOLUTION NO. 9 3 - 191
A RESOLUTION IN SUPPORT OF TEE DOWNTOWN
DEVELOPMENT AUTHORITY'S ("DDA") GRANT
APPLICATION TO THE UNITED STATES DEPARTMENT
OF COMMERCE ECONOMIC DEVELOPMENT
ADMINISTRATION AND ITS EFFORTS TO ESTABLISH
AN INTERNATIONAL MERCHANDISING MART WITHIN
DOWNTOWN MIAMI; AUTHORIZING THE CITY MANAGER
TO ASSIST THE DDA IN OBTAINING ADDITIONAL
FUNDING IN THE FORM OF A COMMUNITY
DEVELOPMENT BLOCK GRANT SECTION 108 LOAN OR
EQUIVALENT TOWARDS THE IMPLEMENTATION OF SAID
PROJECT, WITH SAID LOAN TO BE REPAID BY THE
DDA ACCORDING TO ALL REQUIREMENTS OF THE CITY
OF MIAMI AND OTHER AGENCIES AS MAY BE
REQUIRED.
WHEREAS, the City Commission supports the grant application
of the Downtown Development Authority ("DDA"), to the United
States Department of Commerce Economic Development Administration
("EDA"), and its efforts to establish an international
merchandising mart, in Downtown Miami, to create an estimated
eight hundred (800) new jobs for the City of Miami; and
WHEREAS, the City Commission wishes to assist the DDA in
obtaining additional funding towards the implementation of said
project;
NOW, THEREFORE BE IT RESOLVED BY 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
CITY COld SSION
MEETING OF
MAR i i IM
vasolud= I.
93- 191
N
4 19
thereto and incorporated herein as if fully set f orth in this
Section.
Section 2. The City Commission hereby affirms and
supports the Grant application of the Downtown Development
Authority ("DDA") to the United States Department of Commerce
Economic Development Administration ("RDA") and the DDA's efforts
to establish an International Merchandising Mart within Downtown
Miami.
Section 3. The City Manager is hereby authorized to
assist the DDA in obtaining additional funding towards the
implementation of said project in the form of a loan from the
Community Development Blook Grant Section 108, CD Float Program,
or equivalent funds sources.
Section 4. Said loan shall be repaid by the DDA
according to all requirements of the City of Miami and other
agencies as may be required.
Section 8. This Resolution shall become effective
immediately upon its adoption.
PASSED AND ADOPTED this filth day of March 1993.
,,-'2AVIER L. S AREZ , MAYOR
AT I
NATTY HIRAI
CITY CLERK
93- 191
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PREPARED AND APPROVED BY:
4O E. MAXWELL/
CH EF ASSISTAlT CITY ATTORNEY
APPROVED AS TO FORM AND CORRECTNESS:
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A'. QT3 .TO
CITY ATTOR E
JEM/mis/ 32
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J3-- 191