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RESOLUTION No
A RESOLUTION AUTHORIZING THE CITY
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ATTORNEY TO INITIATE APPROPRIATE LEGAL
PROCEEDINGS AND CIVIL ACTION AGAINST
LEROY AND WILLIE. PARKRR, D/B/A PARK R Y,
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SERVICE CORPORATION, TO RECOVER LOAN
FUNDS IN THE AMOUNT OF $34,794.56 GIVEN
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TO SAID INDIVIDUALS VIA THE MODEL CITY
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SMALL BUSINESS DEVELOPMENT PILOT LOAN
PROGRAM.
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 aforementioned loan recipients have received
$38,123.00 from the Small Business Development Pilot Program; and
the loan recipients have made payments totalling
$3,328.44 to -date; and
WHEREAS, Leroy and Willie Parker, owners of Parker Service
Corporation, have defaulted on their 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.
r initiate appropriate le al .:� proceedings and civil action against
Leroy and Willie Parker, d/b/a Parker Service Corporation, to
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recover loan funds in the amount of $34,794.56 received by said
individuals via the Model City Small Business Development Pilot n'
Loan Program.
Section 3. This Resolution shall become effective
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immediately upon its adoption.
PASSED AND ADOPTED this 7th day of _ September _ , 1990._
XAVIER DARE
MAYOR
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CITY CLERK
COMMUNITY DEVELOPMENT REVIEW AND APPROVAL:
FRANK WTMEDK, DIRECTOR
DEPARTMENT OF COMMUNITY DEVELOPMENT
PREPARED AND APPROVED BY:
'TINE B. SMITH
CHIEF ASSISTANT CITY ATTORNEY
APPROVED AS TO FORM AND CORRECTNESS:
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CITY OF MIAW, FLO$00A
WER-OFFICE MEMORANDUM
To: Honorable Mayor and Members DATE: AUG
UG�O
of the City Commission
Authorization to Initiate
Default Proceedings
- mom: Cesar R. Odio REFERENCU-Leroy 6 Willie Parker
City Manager d/b/a Parker Service
ENCLosuAm C o r p o r a t i o n
YBCONKiNDATION
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It is recommended that the City Commission authorize the City
— Attorney to proceed in initiating default proceedings as it
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relates to the Model City •Small Business Development Pilot
Program against Leroy & Willie Parker d/b/a Parker Service
Corporation to recover the City's loan funds.
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BACKGROUND
The Department of Community Development (DCD) has analyzed the
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need to initiate appropriate legal proceedings and _civil action
against Leroy and Willie Parker d/b/a Parker Service Corporation.
On March 9, 1988, Leroy and Willie Parker, owners of Parker.
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Service Corporation, and loan recipients of $45,000 via.. ,the
Model City Small Business Development Pilot Program entered into
a Promissory Agreement with the City of Miami. As of
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September 1, 1989 the aforementioned loan recipients havetj�
defaulted on -their agreement per the following torus.
ITZK NO. DR?AULT PROVISION
1 Should there be a default in the pt►nctand
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full payment of interest or an installment, of
principal due hereunder; or
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12 Should the borrower fail to accept Toehmieal
Assistance provided by the City or fai1:. to
make financial records available to Ctty„
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staff for review upon notification; or,
15 Should the borrower fail to f4ttbfulll,y *UV,
fully comply with the Program r#aiul,r#A4 is
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and/or obligattoas of the conditloao
forth in the Promissory Note sad Uts, ursep
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Agreement pertaining to this program
the borrower hereby represents hd had
understood and agreed to; or
A Natal of $30 t 123,00 has boon disbursed to tbs lojta CaF�Fi
from ma approved loan amount of $45# 900,