HomeMy WebLinkAboutR-88-0328A
A
J-68-358
4/14/88
4/1/88
(M-88-160)
RESOLUTION NO. 98�3 F
A RESOLUTION AUTHORIZING THE CITY MANAGER TO
EXECUTE AN AGREEMENT, IN A FORM ACCEPTABLE TO
THE CITY ATTORNEY, BETWEEN THE CITY OF MIAMI
AND THE BAYSIDE MINORITY FOUNDATION, FOR THE
PURPOSE OF IMPLEMENTING A TECHNICAL
ASSISTANCE PROGRAM FOR MINORITY TENANTS AT
BAYSIDE; FURTHER DIRECTING THE CITY MANAGER
TO ALLOCATE A TOTAL OF FIFTY THOUSAND DOLLAR
($50,000) WITH TWENTY-EIGHT THOUSAND FOUR
HUNDRED DOLLARS ($28,400) FROM THE
UNCOMMITTED BALANCE OF APPROXIMATELY ONE
HUNDRED EIGHTEEN THOUSAND DOLLARS ($118,000)
THAT REMAINS OF THE ORIGINAL ONE, MILLION
DOLLARS ($1,000,000) ESTABLISHED BY THE CITY
FOR LOANS TO MINORITY BUSINESSES AT BAYSIDE;
AND TWENTY-ONE THOUSAND SIX HUNDRED DOLLARS
($21,600) FROM THE COMMUNITY DEVELOPMENT
BLOCK GRANT FUND; FURTHER DIRECTING THE CITY
MANAGER TO AMEND THE BAYSIDE AGREEMENT
BETWEEN THE CITY OF MIAMI AND MIAMI CAPITAL
DEVELOPMENT, INC., IN A FORM ACCEPTABLE TO
THE CITY ATTORNEY, FOR THE PURPOSE OF
REDUCING; ITS BAYSIDE MINORITY FINANCING
PROGRAM ALLOCATION AMOUNT; CONDITIONING ALL
OF THE ABOVE UPON RECEIPT OF FEDERAL APPROVAL
FOR THE USE OF SAID ALLOCATION FOR THE HEREIN
INTENDED PURPOSE.
WHEREAS, the City Commission is committed to economic
development within the City ; and
WHEREAS, the Bayside Minority Financing Program has proven
to be a most successful and commendable City of Miami sponsored
community development program whereby minority entrepreneurs
whose businesses are located at Bayside have received financial
assistance through this low interest loan program which has
contributed to the successful establishment and operation of
minority owned businesses at Bayside; and
WHEREAS, the Bayside Minority Foundation has offered to
develop and implement a Technical Assistance Program for minority
tenants at Bayside; and
CITY COMMISSION
MEETING OF
APR ,1
)N No.
MARKS
WHEREAS, the Technical Assistance Program shall include, but
not be limited to, Financial and Accounting Services, Promotional
and Marketing Strategies and inventnry Control; and
WHEREAS, the City of Miami's financial contribution towards
this Program will be limited to minority tenants at Bayside who
have been recipients of loans from locally based public funded
agencies; and
WHEREAS, at its February 18, 1988 Meeting, the City
Commission adopted Motion No. 88-160 which authorized the City's
participation in this effort and directed the City Manager to
fund the City's contribution from the uncommitted balance that
remains out of the one million dollars ($1,000,000) originally
allocated by the City for loans to minority businesses at Bayside
and the above Motion further directed the City Manager to amend
the Bayside Minority Financing Program Agreement between the City
of Miami and Miami Capital Development, Inc. to reflect the
reduction in available funds for this effort,
NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY
OF MIAMI, FLORIDA:
Section 1. The City Manager is hereby authorized to execute
an agreement with the Bayside Minority Foundation, in a form
acceptable to the City Attorney, for the purpose of implementing
a Technical Assistance Program for Minority Tenants at Bayside,
with the City's contribution limited to minority tenants who have
been recipients of loans from locally based public funded
agencies.
Section 2. Twenty-eight thousand four hundred dollars
($28,400) from the uncommitted balance of approximately one
hundred eighteen thousand dollars ($118,000) that remains of the
one million dollars ($1,000,000) originally established by the
City for loans to minority businesses at Bayside is hereby
reallocated to the Bayside Minority Foundation.
I
Section 3. Twenty-one thousand giit hundred dollArs
($21,600) from the Community Development Block Grant Fund is
hereby allocated to the Rayside Minority Foundation.
Section 4. The Rayside Minority Financing Program Agreement
between the City of Miami and Miami Capital Development, Inc.
shall be amended to reflect the reduction in the total allocation
amount for said organization's Minority Financing Program.
Section S. The provisions of Sections 1, 2, and 3 hereof
shall only become operative upon receipt of Federal approval for
the utilization of funds as set forth herein.
PASSED AND ADOPTED this 14th daZXAVTER
of April ,
1988.
L. SUAR 7. MAY R
ATTE
M TY HIRAI
CITY CLERK
PREPARED AND APPROVED BY:
ROBERT F. CLARK
CHIEF DEPUTY CITY ATTORNEY
APPROVED S)TO FORM AND CORRECTNESS:
LUCIA A. DO HERTY
CITY ATTORNEY
/gjd
s9-32F
'* '' 74
CITY OF MIAMI. FLORIDA
INTRM-OFFICE MEMORANDUM
to Honorable Mayor and Members
of the City Commission
FROM Cesar H. Odi
City Manager
RECOMMENDATION:
DATE MAR 3 1 1988 nLE
Resolution authorizing the
sur�Ec• execution of an Agreement
with the Bayside Minority
Foundation Program
REFERENCES
ENCLOSURES
It is respectfully recommended that the City Commission adopt the
attached Resolution authorizing the execution of an Agreement, in
a form acceptable to the City Attorney, between the City of Miami
and the Bayside Minority Foundation (BMF) for the purpose of
implementing a technical assistance program for minority tenants
at Bayside; further allocating $ from the
uncommitted balance of approximately one hundred eighteen
thousand dollars ($118,000) that remains out of the original one
million dollar ($1,000,000) Bayside Minority Financing Program.
BACKGROUND:
At the February 18, 1988 City Commission meeting, the Bayside
Minority Foundation presented the attached proposal (See
Attachment I) to provide technical d S S LAItk.0 L., ILI1LLUL iLr Lt<<aitts
at Bayside. In reference to this request, the City Commission
adopted Motion No. 88-160 (See Attachment II) at this meeting.
The motion authorized the City's participation in this effort and
directed the City Manager to fund the City's contribution from
the uncommitted balance that remained out of the one million
dollars ($1,000,000) originally allocated by the City to Miami
Capital Development, Inc. (MCDI) for loans to minority businesses
at Bayside.
At that time, (February 18, 1988), approximately one hundred
eighteen thousand dollars ($118,000) remained in the one million
dollar ($1,000,000) loan fund known as the Bayside Minority
Financing Program. As part of a loan workout arrangement, a
commitment had been made to provide funds in the amount of forty
thousand dollars ($40,000) to the tenant that had been selected
to establish a business at the lease space formerly occupied by
the restaurant, Tavern on the Bay. As a result of this
commitment of forty thousand dollars ($40,000), approximately
seventy-eight thousand dollars ($78,000) would remain in the one
million dollar ($1,000,000) loan fund.
W-1
S&7328
Honorable Mayor and Members
of the City Commission
Page 2
However it should be noted, that although no formal written
commitments exist at this time, the City, through Miami Capital
Development Inc., has been requested to consider contributing as
much as fifty thousand dollars ($50,000) to assist a group of
prospective minority tenants that have been identified to
reestablish a new business at the location formerly occupied by
Savannah Smiles, Inc. The Commission should be informed that
should preliminary discussions with the prospective minority
tenants be finalized in the very near future, a net amount of
only approximately twenty-eight thousand dollars ($28,000) would
remain uncommitted in the one million dollar ($1,000,000) Bayside
Minority Financing Program.
The Executive Director of the Bayside Minority Foundation has
submitted the attached work plan for the proposed Technical
Assistance Program (See Attachment III). Also, the Rouse Company
has responded to the proposed program in a generally affirmative
position with certain conditions as set forth in its attached
letter (See Attachment IV). It should be noted that the City of
Miami intends to limit the use of its funds to provide technical
assistance only to the minority businesses at Bayside that have
been recipients of loans from locally based public funded
agencies.
The attached resolution authorizes the City Manager to amend the
existing one million dollar ($1,000,000) Bayside Minority
Financing Program Agreement to retlect the appropriate reduction
in available funds for this effort.
Further, as a result of recent changes in regulations, the United
States Department of Housing and Urban Development (HUD) has
indicated to the City that no funds should be utilized for this
purpose until it has had an opportunity to review and approve the
proposed Technical Assistance Program. The City has prepared a
written explanation of the program and will have to await Federal
approval. As a result, a provision has been included in the
attached resolution which conditions the City's participation in
the proposed program upon receipt of appropriate Federal approval
for use of the funds for the intended purpose.
A19-32b
W
AW
ATTACHMENT I
�i�i Z• Mom!. � � �-",J ui'r�i�E
December 16, 1967
The Honorable Xavier Suarez
Mayor, City of Miami
City Hall
3500 Pan American Drive
Miami, Florida 33133
Dear Mayor Suarez:
The City of Miami entered into an agreement with The Rouse Co. to develop a
portion of City -owned bayfront property into a specialty shopping center,
which is known today as Bayside. One of the major concerns of the Bayside
Agreement was the participation of minorities in all phases of Bayside;
specifically, as owners, builders, providers of professional services,
tenants and employees.
With regard to leasing or the tenant component, the Minority Participation
Plan established a 50% goal for minority tenants. To achieve this goal, The
Rouse Company agreed to do the following:
1) Hold high volume stores off the market for one year
and make them available to minority tenants first;
2) Identify and, as appropriate, stimulate joint ventures
between prospective minority tenants and qualified and
experienced non -minority business persons or entities;
3) Provide communications and outreach programs to the
minority communities;
4) Implement a financing program and enlist the participation
of local banks, local businesses, the SBA and local, state
and federal business development assistance agencies and;
5) Provide cash grants as tenant allowances to fund a portion
of the start-up, inventory, leasehold improvement and capital
equipment costs. It should be noted that the aeeount of the cash
grant required by the Rouse Company was $4 million which was
supplemented by $1 million each from the City of Miami and Dade
County in the form of low interest loans, thereby increasing the
minority assistance fund to $6 million.
The City of Miami's Minority Participation Plan for Bayside is unique and
the first of its kind in the country. Unlike previous governmental plans
which required employment provisions for minorities only, the Bayside plan
required minority participation at all levels - from ownership to
employment. Furthermore, it is the only plan that provided financial and
technical assistance to minorities to ensure their successful entry into the
marketplace.
11;J11-928
3
IV
1:�
The success of the Bayside Minority Plan is demonstrated by the fact that
fifty-three (33) minorities (22 Black, 30 Latin, and 1 other) are tenants
at Bayside. Previous plans have been good in its written intentions, but
have failed to achieve the desired results for many reasons. Some of those
reasons are:
1.
Lack
of
commitment by decision -makers.
2.
Lack
of
follow-up by decision -makers..
3.
Lack
of
adequate capitalization.
4.
Lack
of
technical and financial assistance prior to
and
during the program.
Many of the past minority programs have resulted in failed businesses as a
result of the above reasons. And after many such unsuccessful attempts,
frustration, mistrust, and lack of enthusiasm increases on both sides - from
those who are trying to help the disadvantaged and from those who need the
help.
The Bayside Minority Program has overcome many of these obstacles to
success. The primary reasons for this success was the commitment on the
part of the City of Miami, The Rouse Co. and the business community. The
other reason for the success was the provision of technical and financial
assistance to minorities who were interested in becoming tenants at Bayside.
However, no provisions have been made to ensure the continued success of
minorities after they become tenants at Bayside, which has been one of the
faults of previous minority programs.
The Miami Bayside Foundation proposes to use a portion of its limited funds,
which is $100,000 per year, to provide assistance to the largest and moat
successful minority entrepreneurial effort to date - the minority tenants at
Bayside. The Foundation feels that this may be the last significant chance
for minorities to participate in the economic mainstream of Miami and that
every effort should be made to guarantee their continued success and
maintain their participation at Bayside. Specifically, The Foundation's
position is as follows:
1. Minority tenants at Bayside are unique and have unique problems.
2. Minority tenants need an independent forum to discuss and resolve
problems that are unique to their survival.
3. Minority tenants need a support system that will assist them in
resolving their problems.
4. Minority tenants need an advocate to ensure their continued
participation at Bayside similar to the advocacy that existed to
permit their initial participation at Bayside.
S. Minority tenants need technical assistance such as accounting,
financial management, marketing, merchandising and advertising.
118-362t!
H
6. Minority tenants need financial assistance in the form of working
capital.
i. Failures of past minority programs can be avoided at Bayside if
ongoing support (financial, technical and advocacy) is made
available.
A meeting was held with Bayside minority tenants and trustees of The
Foundation to allow the tenants to share their experiences at Bayside as
well as to inform the trustees about the type of assistance they need to
continue their success. The meeting revealed that the minority tenants were
concerned about their survival and making a profit. They felt that the use
of The Foundation's funds for a technical assistance program to assist
minorities is needed and appreciated.
The discussion with the minority tenants highlighted the need for various
types of assistance to ensure their success as perceived by them. It also
highlighted the need for a forum to discuss problems that are unique to them
as well as some problems that are applicable to other tenants at Bayside.
The need for an independent forum was revealed by one of the minority
tenants who conveyed a story about individual efforts to resolve problems
without satisfaction. He felt that if they acted as a group to resolve
common problems, they would be more effective in bringing about solutions to
same. He also felt that a forum would permit minority tenants to share and
learn from each other's problems and solutions to same.
The Foundation proposes to implement a technical assistance program for
minority tenants at Bayside. The program will be designed to provide
minority tenants with timely business information to assist them in managing
their businesses successfully. Minority tenants who need the service will
undergo a Key Factory Analysis which is designed to measure business
performance and compare that performance to projected performance, past
performance and industry standards and industry averages. These key factor
analyses will be used to determine whether the business is doing well or
experiencing problems that require corrective action.
Specifically. it is proposed that the following technical services be
offered to the minority tenants at Bayside:
1. Basic accounting services (recording of entities transactions)
2. Preparation of formal financial statements (balance sheet,
profit/loss, and statement of changes in financial position)
3. Set up of proper accounting system (including internal accounting
control systems)
4. Sales, payroll and income tax preparation and consultation
S. Development of business plan
l98-328 5
G. Consultation with regard tot
a) Cash and working capital management
b) Inventory management
c) Sales and marketing strategies
d) Budgeting and capital expenditure requirements
The cost of such a technical assistance program will depend on the number of
minority tenants that need technical assistance and the extent of that need.
It is estimated that 302 (15) of the 50 minority tenants will require some
form of technical assistance. However, since many of the minority tenants
are first-time entrepreneurs, it can be assumed that more will need some
technical assistance and may elect to seek such service once it becomes
available.
For the purpose of developing a cost estimate for a technical assistance
program, it is assumed that 15 minority tenants will require assistance.
Outlined below is a cost estimate to provide technical assistance to fifteen
(15) minority tenants by service on month and annual bases:
Service 1 Basic Accounting Services
Service 2 Preparation of Financial Stints.
Service 3 Establish Proper Accounting System
Service 4 Sales, Payroll 6 Income Tax Prep.
Service 5 Development of Business Plan
Service 6 Cash 14gwC. , iuvettiuty Mgmt:, Sales
b Mktg. Strategies. Budgeting and
Capital Expend.
Total Projected Cost
Out -of -Pocket Costs
Total Projected Cost
Assume tenants pay 1/3 of cost
Administration
Total capital requirement of The Foundation
(1) Quaterly
(2) One-time charge
Est.
Est.
Est.
Monthly
Total
Annual
Cost/Tenant Monthly
Cost
$ 275
$4.125 $
49,500
500
(1) NA
30,000
1,500
NA
22,500
65
975
11,700
2,500
(2) NA
30,000
300
4,500
54,000
$197,700
2,300
$200,000
(66,000)(3)
40,000
3174.000
(3) Average cost to tenant is approximately $4,400. Cost to tenants will
be based on need and ability to pay. The minimum cost to tenants is 1/3 of
the total cost.
A8-328
40
60
I
The total cost of the program is $200.000 plus administratrion with the
tenant contributing $66.900 (1/3) leaving a balance of $1?4,000 to be
financed. The Foundation proposes to finance $38.000 of this amount and
requests that the City of Miami contribute $116,000 toward the Minority
Technical Assistance Program. The program needs to be implemented
immediately as demonstrated by the closing of two (2) minority operations at
Sayside.
The City of Miami's Minority Program at Sayside is a laudable program and
The Foundation wishes to assist the City in continuing its success.
Therefore. The Foundation requests your support of this worthwhile and
necessary program to assist minority tenants at Bayside. Because of the
urgency of this matter, The Foundation also requests that the City
Corission act upon this request as soon as possible.
Sincerely
Fduardp 1. Padron. Ph. D.
T. Willard Fair
Vice -Chairman
cc: Mr. Cesar Odio
(PLEASE NOTE THAT THE SAME LETTER WAS ADDRESSED TO EACH
CITY COMMISSIONER)
W329
���Y/yl! IrNV ! IlYYY1f iY♦ �,�nr_.u1l.L.I E;�s - �� - ---- - -
r �
6I
ATTACHMENT II
CITY OF MIAMI
CITY CIERK REPORTS
STING DATE: FEBRUARY 18. 1988
PAGE NO.
ITEM 62 A MOTION OF THE CITY COMMISSION PARTIALLY
GRANTING A REQUEST RECEIVED FROM THE BAYSIDE
MINORITY •FOUNDATION FOR FINANCIAL SUPPORT TO
IMPLEMENT A TECHNICAL ASSISTANCE PROGRAM FOR
MINORITY TENANTS AT BAYSIDE; FURTHER DIRECTING
THE CITY MANAGER TO ALLOCATE THE REMAINING
BALANCE FROM THE APPROXIMATELY $118,000 STILL
REMAINING OUT OF THE $1,000,000 ORIGINALLY
ESTABLISHED BY THE CITY FOR LOANS TO MINORITY
BUSINESSES AT BAYSIDE. SAID MONIES TO BE USED TO
ASSIST THE BAYSIDE MINORITY FOUNDATION IN THEIR
EFFORTS TO IMPLEMENT SAID PROGRAM.
8-1
MOVED: PLUMMER
SECOND: KENNEDY
UNANIMOUS
NON -AG
A RESOLUTION OF THE MIAMI CITY COMMISSION
R 88-161
SUPPORTING THE AMERICAN CANCER SOCIETY BREAST
MOVED: KENNEDY
CANCER DETECTION AWARENESS PROJECT AND
SECOND: PLUMMER
ENCOURAGING LOCAL BUSINESS TO PROVIDE MAMOGRAMS
UNANIMOUS
AS AN INSURED BENEFIT TO THEIR EMPLOYEES;
FURTHER tiRr:TNr. THE' FLORIDA LEGISLATURE TO
PROVIDE THAT THE EXPENSE OF MAMOGRAMS SCREENING
BE RECOGNIZED AND CONSIDERED AS REIMBURSABLE
EXPENSES BY ALL HEALTH INSURANCE CARRIERS DOING
BUSINESS IN THE STATE OF FLORIDA; FURTHER
DIRECTING THE CITY CLERK TO TRANSMIT A COPY OF
THIS RESOLUTION TO THE HEREIN DESIGNATED
OFFICIALS.
ITEM 64
A RESOLUTION CONCERNING THE 1988 MIAMI MAGIC
R 88-162
FESTIVAL TO BE CONDUCTED BY THE JUNIOR LEAGUE OF
MOVED: KENNEDY
GREATER MIAMI, INC. ON APRIL 23, 1988;
SECOND: PLUMMER
AUTHORIZING THE CLOSURE OF DESIGNATED STREETS TO
UNANIMOUS
THROUGH VEHICULAR TRAFFIC, ESTABLISHING A
TEMPORARY PEDESTRIAN MALL SUBJECT TO THE
ISSUANCE OF PERMITS BY THE DEPARTMENTS OF POLICE
AND FIRE, RESCUE AND INSPECTION SERVICES AND THE
REQUIREMENT THAT THE CITY WILL BE INSURED
AGAINST ANY POTENTIAL LIABILITY AND UPON
ORGANIZERS PAYING FOR ALL NECESSARY COSTS OF
CITY SERVICES.
:TEM 64
A MOTION REFERRING BACK TO THE ADMINISTRATION
M 88-163
REQUEST RECEIVED FROM REPRESENTATIVES OF THE
MOVED: PLUMMER
JUNIOR LEAGUE OF MIAMI, INC. FOR SUPPORT OF THE
SECOND: KENNEDY
"MIAMI MAGIC FESTIVAL" IN ORDER TO SEE WHETHER
UNANIMOUS
THEY CAN TRY TO MINIMIZE IN -KIND SERVICES
REQUESTED IN SUPPORT OF SAID EVENT;FURTHER
REQUESTING THE ADMINISTRATION TO PLACE THIS
ISSUE BACK FOR DISCUSSION ON THE MARCH LOTH
AGENDA.
TEMS
A MOTION DIRECTING THE CITY MANAGER TO PREPARE A
M 88-164
)T, 69
LETTER TO ROBERT GALLAGHER, CHAIRMAN OF THE
MOVED: PLUMMER
76
SURTAX BOARD, INDICATING THE CITY OF MIAMI'S
SECOND: DAWKINS
INTENT TO CONVEY CERTAIN PARCELS OF PUBLICLY
UNANIMOUS
OWNED LAND TO AMERICAN FINANCIAL CORPORATION
INTERNATIONAL, INC., CODEC INC. AND ST. JOHN
COMMUNITY DEVELOPMENT CORPORATION FOR
DEVELOPMENT OF AFFORDABLE HOUSING; FURTHER
DIRECTING THE CITY MANAGER TO REQUEST THE
CHAIRMAN OF THE SURTAX BOARD TO SO INFORM THE
SURTAX BOARD STAFF; AND FURTHER REQUESTING THAT
THE ADMINISTRATION BRING THIS ISSUE BACK AT THE
MEETING PRESENTLY
ATTACHMENT III
HVG
INVESTMENTS INC.
3050 BISCAYNE BOULEVARD SUITE S00
MIAMI FLOAIDA 33137
March 8, 1988
Mr. Albert Ruder
Special Assistant to
The City Manager
City of Miami
350.0 Pan American Drive
Miami, Florida 33133
Dear Mr. Ruder:
In response to your request for a modified budget for the Miami Bayside
Foundation Technical Assistance Plan, please be informed that the
budget will depend upon the balance remaining in the City's $1 Million
Minority Fund. As an example, if the balance is $50,000, the budget
would be for 9 months as follows and would eliminate the development of
business plans as an offered service:
Service
Est. Est. Est.
Monthly Total 9 Months
Cost/Tenant Monthly Cost
1 Basic Accounting Services
2 Preparation of Financial Stmts.
3 Establish Proper Accounting
System
4 Sales, Payroll & Income Tax Prep
5 Cash Mgmt., Inventory Mgmt.,
Sales & Mktg. Strategies,
Budgeting and Capital Expend.
Total Projected Cost
Assume tenants pay 1/3 of cost
$275
$4,125
;-47;1?5
500(1)
NA
22,500
1,500
NA
22,500
65
975
8,775
300
4,500
40,500
POST OFFICE BOX 370787 ' TELEPHONE 13051 573• 1632
$131,400
(43,800)
0 -3211
g
4
Mr. Albert Ruder
Special Assistant to
The City Manager
Page 2
Administration
30400
Total capital requirement
of The Foundation
=117,900
City Contribution
1501000)
Foundation
$ 67,966
(1) Quarterly
(2) One-time charge
However, it is my understanding that more than
$50,000
(Approximately
$75,000) is remaining in the fund. We will await a final determination
of the balance and submit
a modified budget to
reflect
same.
Again, thank you.for your
support and assistance in this endeavor.
owa Gary
'
Presiden
/D
41 ATTACHMENT IV
BAYSIDE CENTER LIMITED PARTNERSHIP
c/o
Ma rcCl o" I�a 19
FEDERAL EXPRESS
Honorable Cesar Odio
City Manager
Office of the City Manager
City of Miami
3500 Pan American Drive
Miami, Florida 33133
Dear Cesar,
You have asked for Bayside's comments on the proposal by the Miami
Bayside Minority Foundation to provide a technical assistance program to
Bayside minority merchants who might need such assistance, and to utilize
for that program certain Miami Capital funds in combination with the annual
Bayside contribution to the Foundation ($700,000). Since I negotiated and
signed the Bayside Minority Particpation Agreement it was thought
appropriate that I should respond to your request.
At the outset, I should state that the idea for this program arose
from within the Foundation: it was not reqested, suggested, or stimulated
by Bayside in any way. Neither Lee Goldfarb nor I was aware that the
proposal had been made to the City. Moreover, I have not seen the document
which is now being considered by the Commission. However, I chatted with
Mr. Gary after the last Commission meeting and understand that the program,
is intended to supplement and expand the technical assistance resources
which Bayside has made available to its minority merchants since the Grand
Opening. It is my further understanding that the Foundation intends to
coordinate its efforts with ours, and that Mr. Gary, for the Foundation,
would welcome a regular monthly planning and review session with
Mr. Goldfarb for this purpose.
If my understanding of the proposed program, outlined above, is
correct, then we would have no objection to it, and would welcome the
opportunity to have the Foundation join us in providing such assistance in
a coordinated way to the Bayside minority merchants. Indeed, this program
might be an effective way in which the expansion of tecchical assistance,
which you have been discussing independently with us, might be implemented.
10275 Lane Pakiwo Parkway Columba MwylaW 210"3456
Page two
March 4, 1M
MoM+rable Cesar Odio
The question has been asked whether this program faits within the
intended purposes of the Foundation under the Minority Participation
Agreement. When this Agreement was negotiated in 1984, the "coordination
and integration of resources towards economic development of Minority
Business Enterprises" was one of its express purposes as set forth in the
Agreement. This definition seems broad enough to encompass the proposed
program. Moreover, while the Foundation was not limited to assisting
Bayside's MBE's, neither was it prohibited from assisting them either. In
the final analysis, we were and are willing to leave the direction of the
Foundation's affairs and the use of its resources to its directors. They
represent a broad cross-section of independent -minded Miamians who have
extensive experience in attempts to stimulate the development, survival and
growth of MBE's. If the directors think that the proposed program is
the best use of the Foundation's resources in its early years, we would not
say them nay. If some amendment to the Agreement is felt desireable to
make more explicit the Foundation's authority to do the proposed program,
we would agree to join in the amendment.
I trust that this letter responds adequately to your request. If you
have further questions, please do not hesitate to call.
Sincerely,
james`F. Dausch
Vice President and
Group Development Director
JFD:tlm
cc: Lucia Dougherty, Esq.
Albert Ruder
Howard Gary
Leon Goldfarb