HomeMy WebLinkAboutR-93-0493J-93-544
7/20/93
RESOLUTION NO. 9 3- 493
A RESOLUTION AUTHORIZING THE CITY MANAGER TO
SUBMIT A GRANT APPLICATION, JOINTLY WITH THE
CENTER FOR HEALTH TECHNOLOGIES, INC., TO THE
U.S. DEPARTMENT OF COMMERCE, ECONOMIC
DEVELOPMENT ADMINISTRATION, REQUESTING FUNDS
IN THE AMOUNT OF $1,000,000, FOR THE PURPOSE
OF CREATING A BUSINESS INCUBATOR FOR HEALTH
TECHNOLOGIES, SAID INCUBATOR TO BE LOCATED AT
1145 NORTHWEST 11TH STREET, MIAMI, FLORIDA;
FURTHER AUTHORIZING THE CITY MANAGER, UPON
APPROVAL OF SAID GRANT, TO ACCEPT SAME AND
EXECUTE THE NECESSARY IMPLEMENTING
AGREEMENT(S), IN A FORM ACCEPTABLE TO THE
CITY ATTORNEY.
WHEREAS, the United States Department of Commerce, Economic
("EDA") has set aside funds to promote business expansion and job
creation in areas where Hurricane Andrew caused substantial
economic hardship; and
WHEREAS, the Center for Health Technologies, Inc. presented
a proposal to EDA for funding consideration; and
WHEREAS, on May 25, 1993, EDA formally invited the City to
become a co -applicant for the Business Incubator for Health
Technologies; and
WHEREAS, the City owns the property on which the project
would be located and leased said property to CHT for a period of
five years, commencing on October 22, 1992; and
CITY COMUSSYON
MEETING OF
J U L 2 2 1993
Resolution No.
93- 493
WHEREAS, as a condition of receiving said funding, the City
will be required to execute a Covenant of Purpose, Use and
Ownership which would preclude the City from alienating its right
to the space without EDA's permission; and
WHEREAS, the original lease agreement between the City and
CHT provides that the lease might be extended for an additional
length of time commensurate with the requirements for obtaining
the financing of said project;
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 City Manager is hereby authorized to
submit a Grant Application jointly with the Center for Health
Technologies, U.S. Department of Commerce, Economic Development
Administration, requesting funds in the amount of $1,000,000, for
the purpose of creating a Business Incubator for Health
Technologies, said incubator to be located at 1145 Northwest lath
Street, Miami, Florida.
2 - 93- 493
Section 3. The City Manager is hereby authorized -I/, upon
approval of said grant, to accept the same and execute the
necessary implementing agreement(s), in a form acceptable to the
City Attorney.
Section 4. This Resolution shall become effective
immediately upon its adoption.
PASSED AND ADOPTED this 22nd day of
ATTEST:
MATTY H RAI
CITY CLERK
PREPARED AND APPROVED BY:
j)
CARMEN L. LEON
ASSISTANT CITY ATTORNEY
APPROVED AS TO FORM AND CORRECTNESS:
A. Q J II
CITY ATTOY
CLL:ra:bss:M3747
, 1993.
XAVIER L JSUAREZ, MAYOR
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.
- 3 - 93- 493