HomeMy WebLinkAboutR-91-0831�f
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05/28/91
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RESOLUTION NO.
A RESOLUTION AUTHORIZING THE CITY
ATTORNEY TO INITIATE APPROPRIATE LEGAL
PROCEEDINGS AND CIVIL ACTION AGAINST
BILLY HARDEMON, D/B/A HARDEMON'S MARKET,
TO RECOVER LOAN FUNDS PROVIDED TO SAID
INDIVIDUAL FROM THE MODEL CITY SMALL
BUSINESS DEVELOPMENT PILOT LOAN PROGRAM
IN THE AMOUNT OF $24,641.75.
WHEREAS, the Miami City Commission is committed to the
economic development and the expansion of trade and commerce in
the City of Miami; and
WHEREAS, the City Commission adopted Resolution No. 87-923
authorizing the establishment of the Small Business Development
Pilot Program in Model City; and
WHEREAS, the herein business owner .received a $25,000.00
loan from the City of Miami; and
WHEREAS, $24,641.75 of the original loan amount is due to
the City of Miami; and
WHEREAS, Billy Hardemon, owner of Hardemon's Market, has
defaulted on his Promissory Agreement with the City of Miami and
payment is more than 120 days past due;
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 Attorney is hereby authorized to
initiate appropriate legal proceedings and civil action against
Billy Hardemon, d/b/a Hardemon's Market, to recover loan funds
provided to said individual from the Model City Small Business
Development Pilot Loan Program in the amount of $24,641.75.
C,,4.,.
IIC 1991
01.
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Section 3. This Resolution
immediately upon its adoption.
shall become
PASSED AND ADOPTED this14th day of
ATTEST,
MATTY HIRAI
CITY CLERK
November
COMMUNITY DEVELOP ENT REVIEW AND APPROVAL:
i,.
FRANK C TANEDA, DIRECTOR
DEPARTMENT OF COMMUNITY DEVELOPMENT
PREPARED AND APPROVED BY:
ALBE TINE B. SMITH
CHIEF ASSISTANT CITY ATTORNEY
APPROVED AS TO FORM AND CORRECTNESS
(AS OF 8/30/91):
J GE L: ERNANDEZ
CITY ATT NEY
M2237/gjd
effective
1991.
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LM
CITY OF 1%11AW FLORIDA
INTER -OFFICE MEMORANDUM
15
Honorable Mayor arld Members
of the City Commission
,� 1 15 .E
Cesar H. Odio
City Manager
RECOMMENDATION
W,T[_
SUBJE.0 T
Authorization to Initiate
Default Proceedings
REFFHDIr FF Billy Hardemon d / b / a
Ha rd emor.' s Market
EruA0S1.1F:1-
It is recommended that the City Commission authorize the City
Attorney to proceed in initiating default proceedings as it
relates to the Model City Small Business Development Pilot
Program against Billy Hardemon owner of Hardemon's Market to
recover the City-s loan funds.
BACKGROUND
On August 13, 1990, Billy Hardemon, owner of Hardemon-s Market,
and loan recipient of $25,000 via the Model City Small Business
Development Pilot Program entered into a Promissory Agreement
with the City of Miami. As of April 1, 1991 the aforementioned
loan recipient has defaulted on his agreement per the following
terms:
ITEM NO. DEFAULT PROVISION
1 Should there be a default in the punctual and
full payment of interest or an installment of
principal due hereunder; or
To —date, a total of $358.25 has beer, paid on said loan, leaving
an outstanding amount due of $24,641.75. The total loan amount
disbursed was $25,000.00.
Based on the above information, the Department of Community
Development is requesting that the City Commission authorize the
City Attorney to proceed with legal action against Billy Hardemon
d/b/a Hardemon's Market to recover the City-s funds allocated to
the aforementioned business.
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