HomeMy WebLinkAboutR-89-0905J-89-951
10/4/89
RESOLUTION NO. 89. 905
A RESOLUTION AUTHORIZING THE CITY
ATTORNEY TO INITIATE APPROPRIATE LEGAL
PROCEEDINGS AND CIVIL ACTION AGAINST MR.
ARTHUR J. BROOKS, D/B/A UNCLE ARTHUR'S
GROCERY STORE TO RECOVER LOAN FUNDS IN
THE AMOUNT OF $15,000 TO SAID INDIVIDUAL
VIA THE MODEL CITY 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 recipient has received
$15,000 from the Small Business Development Pilot Program; and
WHEREAS, Arthur J. Brooks, owner of Uncle Arthur's Grocery
Store, 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
Arthur J. Brooks, d/b/a Uncle Arthur's Grocery Store to recover
loan funds in the amount of $15,000 to said individual via the
Model City Small Business Development Pilot Loan Program,
CITY COMMISSION
MEETING OF
OCT 12 i989
RESOLUTION No. �:
REMARKS:
Section 3. This Resolution shall become effective
Immediately upon its adoption.
PASSED AND ADOPTED this 12th day of October , 1989.
I
XAVIER L. JUAREZ
MA
ATTEST:
CITY CLERK
COMMUNITY DEVELOPMENT REVIEW AND APPROVAL:
FRA K AS ANEDA, DIRECTOR
DEPARTMENT OF COMMUNITY DEVELOPMENT
APPROVED AS TO FORM AND CORRECTNESS:
A &�-t LIC JOR E L. FERN NDEZ
794--
CIT ATTORNEY
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CITY OF MIAMI. FLORIDA
INTER -OFFICE MEMORANDUM
To: Honorable Mayor and Members
of the City Commission
6
FROM: �e&sarH. Odio
City Manager
RECOMMENDATION
CA=33
DATE: 0 CT — 4 9989 FILE:
Authorization to Initiate
SUBJECT: Default Proceedings
REFERENCES -Arthur J. Brooks, d/b/a
Uncle Arthur's Grocery Store
ENCLOSURES:
It is recommended that the City Commission authorize the City
Manager- to advise the City Attorney to pr.oceed in initiating
default. proceedings as it relates to the Model City Small
Business Development Pilot Program against Arthur Brooks, d/b/a
Uncle Arthur's Grocery Store to recover the City's loan funds.
BACKGROUND
On January 6, 1988, Mr. Arthur J. Brooks, owner of Uncle Arthur's
Grocery Store and loan recipient of $15,000 via the Model City
Small Business Development Pilot Program entered into a
Promissory Agreement with the City of Miami. As of March, 1989
the aforementioned loan recipient has defaulted on the 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
12 Should the borrower fail to accept Technical
Assistance provided by the City or fail to
make financial records available to City
staff for review upon notification; or
A total of $15,000.00 dollars has been disbursed to the loan
recipient from the approved loan fund.
The recipient's first loan payment was due on July 1, 1988.
To- date, we
have received approximately $1,617.18 in loan
payments from
the aforementioned recipient. Please note that the
last payment
was received in March, 1988. However, the check
submitted for
payment was returned for non -sufficient funds.
1 Based on the
above information, we are therefore requesting that
1; the City Commission authorize the City Manager to proceed with
a legal action
against Uncle Arthur's Grocery Store to recov the
{, City's funds
allocated to the aforementioned busineiss.
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