HomeMy WebLinkAboutM-88-1124r .. IV
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TROPICAL CLEAR BLUE LAUNDRY SYSTEMS
1490 N.W. 3r4i Avenue
Miami, Florida 33136
(305) 576-11W
1320 NOV -7 P11 4*. 52
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ThOPICAL CLEAR BLUE LAUNDRY SYSTB.
1490 N.W. 3rd Avenue u muted into the pUTAKI
Miami, Florida 33136
(305) 576-1840 TCECOT_d iTI Co:];:
item .. F
Tot Honorable Mayor and Members Dates Nov. 14, 1988
of the City Commission
From: Partners of Tropical Clear Subjects Mini-UDAG Program
Blue Laundry Request loan/grant
and increase loan
• amount'
* It on agenda for Nov. 17
' P((
Discussions M,
A proposal vaW�b submitted by the above captioned group for funds,
for a McDonald's franchise May 1988.' The attached letter, ,from'
1 Mr. Frank Casteneda of Community Development Corporation reveals
I the response to said proposal. Since submitting the proposal -for
a Mc Donald's franchise, our cosgpany has expressed interest in an --",-,-
other franchise call SHORT STOP HAMBURGER, which'is in a more fea-f....
siable price range 'and has 'a concept- which' will:' be ' more ' marketable
'in targeted .areas. This ' franchise , 'which is a drive-thru; `'walk-up '
only store has an -all beef,' k lb. burger for .99,•an attractive price';
for low to moderate income people,. :
A store of this magnitude will create approximately 23 part-time jobs`;`:
-� and 3 full time jobs. At the completion of this project, there will•''.'
be approximately 35 full time positions`- paying from $12,000 to $24,000
and 230 part-time•positions:starting at.$3.75 per hour. ;
Mr. Casteneda's office „has assured...us'that•monies have been set aside
pending the submission'of•pertinent'.information~on"the SHORTSSTOP.idea,;,
this information has been submitted,and is awaiting approval!., -from the`.
loan committee.
. •� . '-; .: : tip,, •, • , •.. ,�• •' :,
Mr. Casteneda's office also informed us that they have put,a 11d,',of:`~':: '
$150,000 for all loans' and our loan request, is'$190,000;'we also
made a request that ,..`,
_ q part of the loan' be`'in � form -of a grant.; `-•We erE;• ,*
advised to ,come before:the'commission'-to have thisirequest`;approved E':3,
.� %J, ! t:' •' r h. :.-, r } y�l'tY�i ' � `.• + j r,; y l�C'J� .� -eY- 1 -"E",►^'! .i�v.L..
At this time'we have matching funds"in'place,"lease"on-prapertfisite�
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for 4 months and a'committment" letter'of�agreement" betweent-our. 'group.
and SHORT STOP of • SOUTH ' FLORIDA. ,We, need your`supporte in ` that''this'- pro�}
ject CY�.�.IT .help to remove mothers-from'welfare,`'create taxable.`income,; r
create taxable capital, `and - self esteem'•and' conf idence'�for, "our" employ+.,,
ees
cc: Frank Casteneda, Herb Bailey, all commissioners, and Honorable May
Ns_.,,L 2i4 ,
a
ice• w-� 1
C4itv of r�Ti�mi
FRANK CASTANEDA
Director
July 19, 1988
CESAR H. ODIO
City Manager
Mr. Robert Sanders, President
Tropical Clear Blue Laundry
Systems, Inc.
1490 N.W. Third Avenue
Miami, Florida 331A
Dear Mr. Sanders:
The City of Miami's selection committee for the Economic
Development/Physical Improvement Project Fund has reviewed your
proposal requesting a grant in the amount of one hundred seventy
thousand dollars ($170,000) for the purchase of McDonald's
Franchise in the Overtown Shopping Center.
The committee has favorably recommended your project proposal,
however, any amount approved by the City will be in the form of a
loan.
Please be advised that final approval of all project applications
must be formally approved by the City Commission. This item will
be presented at the September 8, 1988 Commission Meeting provided
that all documentation has been submitted.
In order that we may begin drafting and negotiating an agreement
between the City of Miami and Tropical Clear Blue Laundry, Inc.
we will need the following information:
1. Cost of McDonald's Franchise and proposed site
location.
2. Proposed agreement between Tropical Clear Blue
Laundry, Inc. and McDonalds if applicable.
3. Financial commitments with terms outlined.
4. Current Personal Financial Statement of corporate
officers.
88-1124
DEPARTMENT OF COMMUNITY DEVELOPMENT/1145 N.W.11th. Street/Miami, FL 33136/(305) 579-W53
W
Mr. Robert Sanders
July 19, 1988
Page 2
Please note that additional information may be required in
order to complete the proposal and ensure that all
requirements are met. Please contact Miranda Y. Albury of
my staff at 579-3346 for assistance.
Sincerely,
Frank Castaneda. Director
Department of Community Development
FC/gjd
88--Ii24
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