HomeMy WebLinkAboutR-88-0644J-88-650
7/11/88
RESOLUTION NO. t74-f;,l-1
A RESOLUTION AUTHORIZING THE CITY MANAGER TO
ENTER INTO A CONTRACT IN A FORM ACCEPTABLE TO
THE CITY ATTORNEY WITH MIAMI CAPITAL
DEVELOPMENT CORPORATION, INC. ('14CDI) WH1.CH
PROVIDES FOUR HUNDRED THIRTY THOUSAND DOLLARS
($430,000) TO INCREASE THE EXISTING REVOLVING
LOAN FUND (RLF) OF WHICH EIGHTY-THREE
THOUSAND FIVE HUNDRED DOLLARS (S83,500) WILL
BE USED FOR A MINORITY IMPORT/EXPORT
REVOLVING LOAN FUND PROGRAM AND PROVIDES ONE
HUNDRED NINETY THOUSAND DOLLARS (5190,000)
FOR THE ADMINISTRATIVE OPERATIONS OF MIAMI
CAPITAL DEVELOPMENT, INC. FOR THE PERIOD OF
JULY 1, 1988 TO JUNE 30, 1989 WITH FUNDS
THEREFOR BEING ALLOCATED FROM THE FOURTEENTH
(14TH) YEAR COMMUNITY DEVELOPMENT BLOCK GRANT
FUND.
WHEREAS, the City Commission is committed to economic
development and the expansion of trade and commerce; and
WHEREAS, on April 28, 1988, the City Commission approved
Resolution No. 88-384 and Appropriation Ordinance No. 10436 which
included an allocation to Miami Capital Development Corporation,
Inc. of four hundred thirty thousand dollars ($430,000) in funds
to increase the existing Revolving Loan Fund and one hundred
ninety thousand dollars ($190,000) in funds for the
administration of Miami Capital Development, Inc. from the
Fourteenth (14th) Year Community Development Block Grant Program;
and
WHEREAS, it is in the interest of the City that the
Contractor's Revolving Loan Fund activities should continue and
be expanded for the purpose of economic development; and
WHEREAS, eighty-three thousand five hundred dollars
($83,500) of the monies appropriated for the Revolving Loan Fund
will be used to implement a Export/Import Revolving Loan Program;
and
CITY CONI.gIsS.1014
MEETING OF
JUL 14 1988
ESOLUMN NaqR_(;,j-1
A
WHEREAS, the Export/Import Loan Program guidelines will
adhere to the policies and operating procedures governing the
Economic Development Administration Revolving Loan Fund loan
progra+e, with minor exceptions;
NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY
OF MIAMI, FLORtDA:
Section 1. The City Manager is hereby authorized to enter
into a contract, in a form acceptable to the City Attorney, with
Miami Capital Development, Inc. (MCDI) which provides four
hundred thirty thousand dollars ($430,000) in funds for its
Fourteenth (14th) Year Revolving Loan Fund.
Section 2. The City Manager is hereby authorized to
allocate one hundred ninety thousand dollars ($190,000) from the
Fourteenth (14th) Year Community Development Block Grant Program
for said administrative operations.
Section 3. The City Manager is hereby authorized to
allocate four hundred thirty thousand dollars ($430,000) from the
Fourteenth (14th) Year Community Development Block Grant Program
for Miami Capital Development, Inc.'s Revolving Loan Fund
Program, of which eighty-three thousand five hundred dollars
($83,500) will be used to implement a minority Export/Import
Revolving Loan Fund Program.1
PASSED AND ADOPTED this 14th day of July , 1988.
XAVIER L. S 4RE=Z,MA-YOR
AT TES :
4�
MAVrY HIRAI, CITY CLERK
1 The herein allocations are conditioned upon the City Commission
being furnished with a list of all receipients of City monies
for final approval prior to disbursement of said monies.
u
PREPARED AND APPROVED BY:
ROBERT F. CLARK
CHIEF DEPUTY CITY ATTORNEY
APPROVED AS TO FORM AND CORRECTNESS:
N,
JORGq L. FZRNANPZ
CITY ATTORNEY--'
BUDGETARY REVIEW AND APPROVAL:
tj
MANOHAR SURANA, DIRECTOR
DEPARTMENT OF MANAGEMENT AND BUDGET
COMMUNITY DEVELOPMENT REVIEW AND APPROVAL:
FRANK STA DA, DIRECTOR
DEPARTMENT OF COMMUNITY DEVELOPMENT
FINANCE DEPARTMENT REVIEW AND APPROVAL:
(2, v`Z
CARAO GARCIA, DIRECTOR
/gj d
'3R-644
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l
:ITY OF MIAMI. FLORIDA
,NMR-OFFICE MEMORANDUM
'J =ATE 'LE
Honorable Mayor and Members July 14, 1988
of the City Commission
City Commission Meeting
July 14, 1988
• �� Agenda items 414, # 16 .
`ROM Jorge L. Fernandez 'EFERENCES #28. #35, #36. 439 442.
City Attorney #50, #53. #60, #62, #63
/=NCLOSURES and #145
The following information and material should be considered by
you in your deliberations at today's Meeting:
Agenda Item #14 (J-88-633) [Resolution accepting bids
for furnishing office supplies] We have added language
in the body of the Resolution to reflect that in those
instances where a minority vendor and a non -minority
vendor submitted bids in the identical amount. the
award is being made to the minority vendor: likewise,
where identical bids have been submitted by a Dade
County vendor and a non -Dade County vendor, the award
is being made to the Dade County vendor.
Agenda Item #16 (J-88-635) [Resolution accepting bid
for furnishing and installation of playground
equipment] The allocation of specified amounts from
the various project accounts for this contract to
purchase and install park equipment in 18 City parks
has been modified to reflect that the allocations are
maximum amounts. The modification was made because the
total proposed contract cost is less than the allocated
amount in the Resolution that was distributed in the
Packet.
Agenda Item #29 (J-88-645) [Resolution declaring a
previously awarded bidder in default and accepting next
lowest bid] This Item involves a bidder, who after
being awarded a contract for the construction of this
Virginia Key Lifeguard project, simply did nothing (not
even executing the contract documents). As
distributed, the Resolution would have rescinded the
earlier awarding Resolution (No. 88-197, 3/10/88).
However, we have modified the proposed Resolution to
expressly declare -the previously successful bidder to
be in default. A copy of the substitute Resolution is
attached.
99-s4.1
Honorable Mayor and Members
of the City Commission
July 14, 1988
Page 2
Agenda Item #35 (J-88-653) [Resolution authorizing an
agreement and reallocation of funds] The distributed
material for this Item did not include a copy of the
Agreement with Greater Miami Neighborhoods, Inc. whose
execution is sought to be authorized: we are attaching
a copy for your reference and our guidance.
Agand& item •36 (J-88-650) [Resolution authorizing a
contract to increase existing Revolving Loan Fund] The
title to this Resolution has been modified to reflect
the provision of $190.000 for admi ive operations
of Miami Capital Development, Inc. As distributed the
allocation. although expressly set forth in Section 2
of the Resolution body, was not reflected in the title.
Agenda item 439 (J-88-696) [Resolution rescinding
portion of previously adopted Resolution, allocating
funds, approving guidelines for pilot program and
authorizing contracts] There were unsubstantial
changes made in the title as well as the body of this
Resolution as distributed which Resolution formalizes
action taken by you at the Meeting of June 23, 1988 in
regard to the Citywide Business Development Pilot
Program.
Agenda Item #42 (J-88-655) [Resolution authorizing
amendment to Revocable Use Permit for the United States
Yacht Racing Union] Our office is reviewing the
unified development process which is being applied to
the parcel of land involved in this Item. Pending that
review, we request that your consideration of this Item
be deferred until the nest Commission Meeting of
July 21st.
Agenda Item #50 (J-88-667) [Resolution authorizing
request for bids and allocation of funds for
construction of housing units] We have added language
in the title of this Resolution to reflect the fact
that the contract will be awarded on the basis of a
minority set -aside and that the performance bond is
being waived as is reflected in the body of the
Resolution.
419 644
gbnorable Mayor and Members
of the City Commission
July 14. 1988
page 4
Agenda item MS (J-88-878) CEmergency Ordinance
changing the required notification for public hearings
to comply with State Statutes] The title of this
Emergency Ordinance as distributed reflected an
amendment as being made to City Code Section 62-54 when
in fact no amendment is being made. Accordingly. we
have made this change and corrected a grammatical error
in the first 'Whereas' clause. The attached ordinance
replaces the ordinance contained in your Packet.
Agenda stem 4145 (J-88-375) [Discussion concerning
proposed revision to City Burglary and Robbery Alarm
Ordinance] Our previous transmittal memorandum to you
dated July 8. 1988 is attached hereto together with the
proposed amendatory ordinance which is recommended for
adoption on first reading at this Meeting today.
JLF:RFC:bss:P584
co: Cesar H. Odic, City Manager
Natty Hirai, City C1,_rk
Herb Bailey. Assistant City Manager
Chief Clarence Dickc:n, Police Department
Ron H. Williams, Director, General Services Administration
Walter Golby, Director
Department of Parks. Recreation and Public Facilities
Don W. Cather, Director, Department of Public Works
Gerry Gerreaux, Director
Housing Conservat-on and Development Agency
Frank Casteneda, Director, Department of Community Development
Edith Fuentes, Director
Department of Building and Zoning
Linda K. 8earsQn, Assistant City Attorney
S-6 4 f1
36
CITY OF MIAMI, FLORIDA
INTER -OFFICE MEMORANDUM
TO Honorable Mayor and Members
of the City Commission
FROM Cesar H. Odio
City Manager
RECOMMENDATION:
DATE V U L - J 1bou FILE
SUBJECT Resolution
Vkpproving
Contract with Miami
Capital Development, Inc.
REFERENCES Commission Agenda -
July 14, 1988
ENCLOSURES
It is respectfully recommended that the City Commission adopt the
attached resolution authorizing the execution of an agreement, in
a form acceptable by the City Attorney, between Miami Capital
Development, Inc. (MCDI) and the City of -Miami for the purpose of
maintaining its Revolving Loan Fund Program and continuation of
its administrative procedures in accordance with the terms and
conditions set forth therein.
BACKGROUND:
The Department of Community Development has analyzed the need to
execute an agreement with Miami Capital Development_, Inc. The
proposed agreement will be for the period of twelve (12) months,
commencing on July 1, 1988 and terminating on June 30, 1989.
Miami Capital Development, Inc. a quasi -public lending
institution, serves as the City's financial arm to provide
financial business development loan packaging services and
managerial and technical assistance to its loan recipients.
In addition to providing the aforementioned administrative
support to minority entrepreneurs, Miami Capital Development,
Inc. also administers a Revolving Loan Fund Program which is used
mainly to fill the gaps in the existing financial markets for
those entrepreneurs who have had inadequate access to credit and
business opportunities generally required by private lending
institutions.
Also, during the 1988-1989 fiscal year, Miami Capital
Development, Inc. will be implementing an Import/Export Revolving
Loan Fund Program. The Import/Export Revolving Loan Fund will be
used to participate in loans to minority importers and exporters
for a) the purchase of fixed assets and equipment b) labor and
material costs for pre -export production and c) purchase goods
for foreign and domestic resale.
Honorable Mavor and Members
of the City Commission
Page 2
The Import/Expor.t Revolving Loan Fund will assume, when
necessary, a junior security position in order to encourage
community bank participation. Responsibility for the
administration, monitoring and servicing of the loan portfolio
will rest with Miami Capital Development, Inc. The credit
analysis and loan packaging will be performed by Barnett Bank's
Lending Division.
The Citywide Revolving Loan Fund
four -hundred thirty thousand
administrative funding will be at
thousand dollars ($190,000) and
hundred dollars ($83,500) for the
Fund Program.
Attachments:
Proposed Resolution
will be funded at a level of
dollars ($430,000), the
a level of one hundred ninety
eighty-three thousand five
Import/Export Revolving Loan
98-f 44
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