HomeMy WebLinkAboutR-87-0898J-87-914
10/13/87
RESOLUTION NO.
A RESOLUTION AUTHORIZING THE CITY MANAGER TO
AMEND THE ECONOMIC DEVELOPMENT AGREEMENT
DATED DECEMBER 9, 1986, BETWEEN THE CITY OF
MIAMI AND THE WYNWOOD COMMUNITY ECONOMIC
DEVELOPMENT CORPORATION, INC. (WCEDC),
EXTENDING THE EXPIRATION DATE FROM SEPTEMBER
30, 1987 TO JUNE 30, 1988, AND TO PROVIDE AN
ADDITIONAL THIRTY-SEVEN THOUSAND FIVE HUNDRED
DOLLARS ($37,500) FROM THIRTEENTH (13TH) YEAR
COMMUNITY DEVELOPMENT BLOCK GRANT FUNDS.
WHEREAS, the City of Miami is committed to providing
economic development services to the neighborhood target areas;
and
WHEREAS, the Wynwood Community Economic Development
Corporation, Inc. has expressed the desire to remain as the
community based organization in Wynwood; and
WHEREAS, Wynwood Community Economic Development Corporation
has reorganized its Board of Directors and professional staff as
per City recommendations; and
WHEREAS, the agency is now prepared to implement new
programs and initiatives to assist in the development of the
Wynwood Neighborhood;
NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY
OF MIAMI, FLORIDA:
Section 1. The City Manager is hereby authorized to amend
the economic development agreement dated December 9, 1986,
between the City of Miami and the Wynwood Community Economic
Development Corporation, to extend the expiration date from
September 30, 1987 to June 30, 1988; further, the City Manager is
also hereby authorized to provide administrative funds in the
additional amount of thirty-seven thousand five hundred dollars
($37,500) from Thirteenth (13th) Year Community Development Block
Grant Funds.
CITY COMMISSION
MEETING OF
OCT 22 198T
RESOLUTION No. 87-898-1
PASSED AND ADOPTED this 22nd day of October 1987.
XAVIER L. Sg^EZ
MAYOR
AT T :
TY HIRAI
CITY CLERK
COMMUNITY DEVELOPMENT REVIEW AND APPROVAL:
"51 ( N
FRANK CASTANEDA, DIRECTOR v le )k
DEPARTMENT OF COMMUNITY DEVELOPMENT
FINANCE DEPARTMENT REVIEW AND APPROVAL:
15'1 C 4 R - R c 1 A
CARLOS GARCIA, DIRECTOR '/e *z
DEPARTMENT OF FINANCE
MANAGEMENT & BUDGET REVIEW AND APPROVAL:
MANOHAR SURANA, DIRECTOR
DEPARTMENT OF MANAGEMENT & BUDGET
PREPARED AND APPROVED BY:
ROBERT F. CLERK !
CHIEF DEPUTY CITY ATTORNEY
APPROV S TO FORM AND CORRECTNESS:
CI . DOLTFHERTY
CITY ATTORNOY
/gjd
• . •
38
CITY OF MIAMI. FLORIDA
INTER-OFFICI: MIEMORANDUM
TO. Honorable Mayor and Members
of the City Commission
0
FROM: Cesar R. Odi
City Manager
RECOMMENDATION:
DATE: OCT 1 31987 FILE:
SUBJECT: Resolution authorizing the City
Manager to amend the Economic
Development Agreement with the
REFERENCES!Wynwood Community Economic
nevelopment Corporation, Inc.
ENCLOSURES:
It is respectfully recommended that the City Commission approve
the attached resolution authorizing the City Manager to amend the
current economic development agreement with Wynwood Community
Economic Development Corporation, Inc. (WCEDC) extending the
expiration date from September 30, 1987 to June 30, 1988 and
provide an additional thirty-seven thousand five hundred dollars
($37,500) for administration from Thirteenth (13th) Year
Community Development Block Grant Funds.
BACKGROUND:
The Department of Community Development has analyzed the need to
amend the current economic development agreement with WCEDC and
provide the additional administrative funding required.
WCEDC has been functioning on a month to month basis since July
due to an unsatisfactory performance evaluation for the last
contract year. As per City recommendations, WCEDC has completed
a reorganization of its Board of Directors and professional
staff.
The agency is now prepared to provide economic development
services in the Wynwood neighborhood target area and to seek
- additional private funds to augment its operations.
The City's Community Based Organizations have received an
allocation of fifty thousand dollars ($50,000) in administrative
funds for a twelve (12) month contract period. The thirty-seven
thousand five hundred dollars ($37,500) recommended for WCEDC
represents four thousand one hundred sixty-seven dollars ($4,167)
per month for a nine (9) month period, which is the normal one
twelfth (1/12th) allocation on a fifty thousand dollar ($50,000)
contract.
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