HomeMy WebLinkAboutR-87-1106J-87-995 4
10/29/87
RESOLUTION NO. 917-1 -06
A RESOLUTION AUTHORIZING THE CITY MANAGER TO —
UTILIZE THIRTY THOUSAND DOLLARS ($30,000) OF =
ELEVENTH (11TH) YEAR COMMUNITY DEVELOPMENT
BLOCK GRANT FUNDS, PREVIOUSLY APPROPRIATED BY
RESOLUTION NO. 85-457 AND ORDINANCE NO. 9991,
FOR THE LITTLE HAITI COMMERCIAL GATEWAY
PROJECT, TO BE REALLOCATED TO THE CARIBBEAN =
MARKETPLACE PROJECT; FURTHER AUTHORIZING THE
CITY MANAGER TO UTILIZE THIRTY THOUSAND
DOLLARS ($30,000) OF TWELFTH (12TH) YEAR
COMMUNITY DEVELOPMENT BLOCK GRANT FUNDS,
PREVIOUSLY ALLOCATED BY, RESOLUTION NO. 86-
29E AND ORDINANCE NO. 10112 TO THE
EDISON/LITTLE RIVER COMMERCIAL FACADE PROGRAM
TO BE REALLOCATED TO THE CARIBBEAN
MARKETPLACE PROJECT; FURTHER AUTHORIZING THE —_
CITY MANAGER TO EXECUTE A CONTRACT AGREEMENT,
IN A FORM ACCEPTABLE TO THE CITY ATTORNEY,
WITH THE HAITIAN TASK FORCE, INC. FOR THE, -
PURPOSE OF PROVIDING SIXTY THOUSAND DOLLARS
($60,000) FROM SAID ALLOCATIONS, IN THE FORM -
OF A GRANT, FOR THE CARIBBEAN MARKETPLACE
PROJECT; AND FURTHER AUTHORIZING THE CITY -
MANAGER TO EXTEND THE CITY'S ONE HUNDRED
FIFTY THOUSAND DOLLARS ($150,000) LOAN
COMMITMENT TO FEBRUARY 15, 1988.
WHEREAS, the City Commission is committed to economic i
development and the expansion of Trade and Commerce; and
WHEREAS, the Haitian Task Force, Inc. has requested
additional funds in order to complete the Caribbean Marketplace
project; and
WHEREAS, thirty thousand dollars ($30,000) is available from
the Twelfth (12th) Year Community Development Block Program Fund;
and
WHEREAS, thirty thousand dollars ($30,000) is available from
the Eleventh 0 1th) Year Community Development Block Grant Fund.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE
CITY OF MIAMI, FLORIDA;
Section 1. The City Manager is hereby authorized to
reallocate thirty thousand dollars of Eleventh (11th) Year
Community Development Block Grant Funds, previously to the Little
Haiti Commercial Gateway Project via Ordinance No. 9991 and
Resolution No. 85-457, to the Caribbean Marketplace project.
CITY COMMISSION
MEETING OF �
DEC 10 1967
'l f ilo RESOLUTION No.
i
Section 2. The City Manager is hereby authorizes to
reallocate thirty thousand dollars ($30,000) of Twelfth (12th)
Year Community Development Block Grant Fund, previously
appropriated to the Edison/Little River Commercial Facade
Program, via Ordinance No. 10112 and Resolution No. 86-296, to
the Caribbean Marketplace project.
Section 3. The City Manager is hereby authorized to
negotiate and execute a contract agreement, in a form acceptable
to the City Attorney, for the purpose of providing sixty thousand
dollars ($60,000)1/for the Caribbean Marketplace project.
Section 4. The City Manager is hereby authorized to extend
,
the City's loan commitment of one hundred fifty thousand dollar
($150,000) with the Haitian Task Force, Inc. to February 15,
1
1988.
PASSED AND ADOPTED this loth day of December ,
1987.
XAVIER L. SUAREZ
MAYOR
ATTEST:
I /r
MATTY H IRA I
CITY CLERK
COMMUNITY DEVELOPMENT REVIEW AND APPROVAL:
RANK AS A EDA, DIRECTOR
DEPARTMENT OF COMMUNITY DEVELOPMENT
1/ The source of these funds is the reallocations as set forth in Sections 1
and 2 hereof.
9 7-JU06
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FINANCE, RI:VII;W AND APPROVAL:
I 1 )lAqI;V
CART (Y. 'ARCIA, DIRECTOR
DRI'Alt I' 'NT OF FINANCE,
MANAGEMENT 6 BUDGET REVIEW AND APPROVAL:
Ad &
MANOIIAR S. NA, DIRECTOR
DEPARTMEN'C O ANAGEMENT 6 BUDGET
PREPARED AND APPROVED BY:
,Z",4a -,-z,
ROBERT F. CLARK
CII I EF DEPUTY CITY ATTORNEY
APPROVED AS TO FORM AND CORRECTNESS:
�WTA 1A. DOVCIIER
I TY ATTORNEY
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t77 0
- _ 14
t CITY OF MIAM1. FLORIDA _
INTER -OFFICE MEMORANDUM
i
To. Honorable Mayor and Members DATE: NOV 41967 FILE
of the City Commission
SUBJECT: Caribbean Marketplace —
Project =
FROM: Cesar H. Od i " REFERENCES:
City Manager
ENCLOSURES: -
RECOMMENDATION:
It is respectfully -ecommended that the City Commission adopt the
attached resolution authorizing the execution of contract
agreement, in a form acceptable to the City Attorney, between the
City of Miami and the Haitian Task Force, Inc. (HTF), to provide
an additional sixty thousand dollars ($60,000) for the purpose of
completing. the Caribbean Marketplace Project in the Little Haiti
target area.
BACKGROUND:
The Department of Community Development has analyzed the Need to
provide an additional sixty thousand dollars ($60,000) to the
Haitian 'Task Force, Inc. for its Caribbean Marketplace. These
additional funds will be used to complete the interior/exterior
renovations of the proposed project. The aforementioned funds
will be reallocated from projects previously approved.
Specifically thirty thousand dollars ($30,000) will be
reallocated from the Twelfth (12th) Year Commercial Facade
Program from the Little Haiti area and thirty thousand dollars
from the Eleventh (11th) Year Little Haiti Commercial Area
Gateway Project. Both sources of funds are from the Community.
Development Block Grant Fund.
Previously, via Resolution No. 87-350 the City Commission
approved the allocation of one hundred fifty thousand dollars
($150,000) to the Haitian Task Force, Inc. for the purpose of
developing the Caribbean Marketplace and this commitment is
extended to February 15, 1988.
The estimated cost of developing the Caribbean Marketplace is
eight hundred twenty-five thousand dollars ($825,000). To -date,
approximately seven hundred fifteen thousand dollars ($715,000)
in financing has been se -cured by the Haitian Task Force, Inc. for
said project. A breakdown of the funding is as follows:
n
Honorable `tayor and Members
of the City Commission
Page 2
SOURCE: Metropolitan Dade County
AMOUNT: $90,000
TERM: These funds are being provided to the Haitian Task
Force, Inc. as a grant.
SOURCE: City of Miami
AMOUNT: $150,000
TERM: One hundred fifty thousand dollars ($150 000) at
SOURCE:
AMOUNT:
TERM:
SOURCE:
AMOUNT:
TERM:
SOURCE:
AMOUNT:
TERM:
six percent (6%) amortized over thirty (30) years
and called on year fifteen (15). -Principal and
interest will be deferred for years one (1) and
two (2); loan will be interest free during the
construction/rehabilitation period.
Local Initiative Support Corporation
$90,000
These funds are being provided to the Haitian Task
Force, Inc. in the form of a grant.
Office of Community Services
$135,000
These funds are being provided to the Haitian Task
Force in the form of a grant.
State of Florida Department of Veteran & Community
Affairs
$250,000
Two hundred fifty thousand dollars ($250,000) at
zero percent (0%) interest, for twenty (20) years.
oQ
97-isot;
Honorable Mayor and Members
of the City Commission
Page 3
SOURCE: City of Miami
AMOUNT: $60,000
TERM: These funds are being provided to the Haitian Task
_ Force, Inc. in the form of a. grant with monies
previously allocated from the Little Haiti
Commercial Facade Program and the Edison/Little
River Gateway Project.
The City's additional sixty thousand dollars ($60,000) will bring
the total project amount to seven hundred seventy-five thousand
dollars ($775,000). The Haitian Task Force, Inc. is in the
process of securing the remaining funding needed to complete the
project.
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