HomeMy WebLinkAboutR-88-0125J-88-143
1/7/88
RESOLUTION NO. 199-125
A RESOLUTION AUTHORIZING THE CITY MANAGER TO
ENTER INTO AN AGREEMENT, IN A FORM ACCEPTABLE
TO THE CITY ATTORNEY, WITH GREATER MIAMI
UNITED, INC. (GMU) IN AN AMOUNT NOT TO EXCEED
SEVENTY THOUSAND DOLLARS ($70,000) FOR THE
PURPOSE OF CONTINUING THE CITY'S SUPPORT AS A
FUNDING PARTNER IN THE LOCAL INITIATIVE
SUPPORT CORPORATION (LISC)/MIAMI PROJECT,
WHOSE OBJECTIVE HAS BEEN TO PROVIDE LOAN AND
GRANT FUNDS TO LOCAL COMMUNITY DEVELOPMENT
CORPORATIONS (CDC) OR COMMUNITY BASED
ORGANIZATIONS ( C BO ), USING MONIES THEREFOR FROM
THIRTEENTH (I3TH) YEAR COMMUNITY DEVELOPMENT
BLOCK GRANT PROGRAM FUNDS.
WHEREAS, on May 10, 1984 the City Commission passed
Resolution No. 84-540 authorizing the City Manager to execute an
agreement with Greater Miami United, Inc. (GMU) in the amount of
one hundred thousand dollars ($100,000) for the purpose of
becoming a funding partner in the LISC/Miami Project; and
WHEREAS, the City Commission is committed to economic
development and the expansion of trade and commerce; and
WHEREAS, the promotion of economic revitalization in the
neighborhoods of the City of Miami is an important part of the
City's economic development strategy; and
WHEREAS, the City of Miami currently contracts with eleven
(11) Community Based Organizations (CBO) who could benefit from
the City's participation in the LISC/Miami project;
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, in a form acceptable to the City Attorney, with the
Greater Miami United Inc. in an amount not to exceed seventy
thousand dollars ($70,000) for the purpose of continuing the
City's support as a funding partner in the Local Initiatives
Support Corporation's (LISC)/Miami Project; whose objective will
CITY COMMISSION
MEETING OF
FEB 18 1988
RESOLUTION No. 138-125.
REMARKS:
be to provide loan an grant fund-, to local Community Development
Corporations (CDC) or Community Based Organizations (CBO).
SECTION 2. A sum not to exceed seventy thousand dollars
($70,000) is hereby allocated from the Thirteenth 0 3th) Year
Community Block Grant program.
PASSED AND ADOPTED this 18th day of February ,
198%.
XAVIER L. AREZ
MAYOR
ATTEST:
MA T,
TY HIRAI
CITY CLERK
COMMUNITY DEVELOPMENT REVIEW AND APPROVAL:
FRANK CASTANEDIA, DIRECTOR
DEPARTMENT OF COMMUNITY DEVELOPMENT
FINANCE DEPARTMENT REVIEW AND APPROVAL:
�Z
C 0 GARCIA, DIRECTOR
DEPARTMENT OF FINANCE
MANAGEMENT & BUDGET REVIEW AND APPROVAL:
-FRANK R. MAY, ACTINYeAlRECTOR
DEPARTMENT OF MAN ENT & BUDGET
PREPARED AND APPROVED BY: ;AP7PRO&VASO FORM AND CORRECTNESS:
� 9
ROB RT F. CLARK LOCIX A. DOU ERTY
CHIEF DEPUTY CITY ATTORNEY CITY ATTO Y
—2—
88-125.
CITY OF MIAMI. FLORIDA
INTER-OFFICI MEMORANDUM
To. Honorable Mayor and Members
of the City Commission
FROM: Cesar H. Odio
City Manager
RECOMMENDATION:
DATE: FEB 3 1988 FILE:
Resolution authorizing the
SUBJECT: execution of an Agreement
with Greater Miami United
for the LISC/Miami Project
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 Greater Miami United, Inc. (GMU) for the purpose of
continuing the City's support as a funding partner in the Local
Initiative Support Corporation (LISC)/Miami Project.
BACKGROUND:
The Department of Community Development has analyzed the need to
enter into an Agreement with Greater Miami United, Inc. for the
continued support of the LISC/Miami Project.
® On May 10, 1984, the City Commission passed Resolution No. 84-540
approving an Agreement with Greater Miami United, Inc. in the
amount of one hundred thousand dollars ($100,000) for the purpose
of becoming a funding partner in the $1.4 million loan and grant
fund established by LISC for the Miami area nonprofit
organizations.
As a result of City funding, LISC was awarded several grants
totalling in excess of one hundred thousand dollars ($100,000) to
City Community Development Corporations (CRCs) which assisted in
the development and the implementation of significant economic
projects during the last fiscal year.
In order to maintain the financial support vital to the
development of community projects through community
organizations, it is necessary to continue the public and private
investment in the LISC loan and grant fund.
Therefore, it is recommended that the City Commission authorize
the execution of an agreement and provide seventy thousand
dollars ($70,000) as allocated by Resolution No. 87-411, as part
of its contribution to the existing LISC fund for the Miami area.
These funds will be given to GMU.
A8-125;