The URL can be used to link to this page

Home My WebLink AboutR-87-0923110 J-87-941 10/7/87 RESOLUTION N0. 8'7-•902 3 A RESOLUTION AUTHORIZING THE. CITY MANAGER TO AMEND THE. 1986-87 CONTRACT AGREEMENT BETWEEN MIAMI CAPITAL DEVELOPMENT, INC. AND THE CITY OF MIAMI, IN A FORM ACCEPTABLE. TO THE CITY ATTORNEY, FOR THE PURPOSE OF REALLOCATING ITS TWELFTH YEAR CITYWIDE REVOLVING LOAN FUND AMOUNT OF FIVE HUNDRED THOUSAND DOLLARS (9500,000) TO THE NEWLY CREATED SMALL BUSINESS_ DEVELOPMENT PILOT PROGRAM; FURTHER AUTHORIZING THE CITY MANAGER TO APPROVE MIAMI CAPITAL DEVELOPMENT, INC. (MCDI) EARMARKING ITS PRESENT REVOLVING LOAN FUND BALANCE OF THIRTY-NINE THOUSAND SIX HUNDRED FIFTY-FIVE DOLLARS ($39,655) FOR THE SMALL BUSINESS DEVELOPMENT PILOT PROGRAM; FURTHER AUTHORIZING THE CITY MANAGER TO ESTABLISH, IN PRINCIPLE., (EXCLUDING MODEL CITIES), A CITYWIDE SMALL BUSINESS DEVELOPMENT PILOT PROGRAM SUBJECT TO THE APPROVAL OF THE CITY COMMISSION; FURTHER AUTHORIZING THE CITY MANAGER TO DIRECT MIAMI CAPITAL TO DIVIDE SAID AMOUNT OF FIVE HUNDRED THIRTY NINE THOUSAND SIX HUNDRED FIFTY-FIVE DOLLARS ($539,655), WITH ONE-HALF OR TWO HUNDRED SIXTY-NINE THOUSAND EIGHT HUNDRED TWENTY- SEVEN DOLLARS AND FIFTY CENTS ($269,827.50) ALLOCATED TO THE MODEL CITIES TARGET AREA AND THE BALANCE OF TWO HUNDRED SIXTY-NINE THOUSAND EIGHT HUNDRED TWENTY-SEVEN DOLLARS AND FIFTY CENTS ($269,827.50) ALLOCATED TO THE REMAINING CITYWIDE TARGET AREAS WITH SAID AMOUNT OF TWO HUNDRED SIXTY-NINE THOUSAND EIGHT HUNDRED TWENTY-SEVEN DOLLARS AND FIFTY CENTS ($269,827.50) TO BE USED FOR THE CITYWIDE SMALL BUSINESS DEVELOPMENT PILOT PROGRAM. WHEREAS, the City Commission is committed to the economic development and the expansion of Trade and Commerce in the City of Miami; and WHEREAS, Motion No. 87-862 adopted September 28, 1987 authorized Miami Capital Development, Inc. (MCDI) to earmark its present loan fund balance of thirty-nine thousand six hundred fifty-five dollars ($39,655) for the Small Business Development Pilot Program; and CITY COMMISSION MEETING OF W 22 tW WHEREAS, the City's Twelfth (12th) Year allocation amount of five hundred thousand dollars ($500,000) shall be earmarked for the Small Business Development Pilot Program; and WHEREAS, the total sum of five hundred thirty-nine thousand six hundred fifty-five dollars ($539,655) ($39,655+$500,000-$539,000) presently available in MCDI's Revolving Loan Fund Program shall be earmarked for the Small Business Development Pilot Program; and -� WHEREAS, said available funds shall be divided equally with i one-half (two hundred sixty-nine thousand eight hundred twenty- seven dollars and fifty cents $269,827.50) to be allocated for the Model City Small Business Pilot Program and the remaining one-half (two hundred sixty-nine thousand eight hundred twenty- seven dollars and fifty cents $269,827.50) to be earmarked for the Citywide Small Business Development Pilot Program; 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 1986-87 contract agreement with Miami Capital Development Corporation, Inc. for the purpose of allocating its Twelfth (12th) Year Citywide Revolving Loan fund amount of five hundred thousand dollars ($500,000) to the newly created small business development pilot program. Section 2. The City Manager is hereby authorized to direct MCDI to set aside its remaining loan fund balance of thirty nine thousand six hundred fifty-five dollars ($39,655) for the Small Business Pilot Program. Section 3. The City Manager is hereby authorized to direct MCDI to divide its Twelfth (12th) Year Citywide Revolving Loan Fund amount and its present loan fund balance in half ($500,000+$39,655-$539,655/2-$269,827.50) with equal amounts to be allocated between the Model City Small Business Development Pilot Program and the Citywide Small Business Development Program. 87-923 PASSED AND ADOPTED this 22nd day of October 19 el/' - C4� C; 10 AVIER L. SU R1 MAYO R ATTEST: MA'TtT HIRAI CITY CLERK COMMUNITY DE V PMENT REVIEW AND APPROVAL: FRANK CASTANEDA, DIRECTOR DEPARTMENT OF COMMUNITY DEVELOPMENT FINANCE DEPARTMENT REVIEW AND APPROVAL: CARLOS GARCIA, DIRECTOR DEPARTMENT OF FINANCE MANAGEMENT 6 BUDGET REVIEW AND APPROVAL: An MANOHAR SU , DIRECTOR DEPARTMENT 0 MANAGEMENT & BUDGET PREPARED AND APPROVED BY: 611/ m /r, ROBERT F. CLARK CHIEF DEPUTY CITY ATTORNEY APPROVED A8'-Jf0 FORM AND CORRECTNESS: LU A. DOUGH C14 ATTORNEY Jgjd � 8 �1 H 63 CITY OF MIAMI. FLORIDA INFER -OFFICE MICMORANDUM To. Honorable Mayor and Members DATE: 0CT 13 1987 FILE: of the City Commission Model City and Citywide Small sus�Ecr: Business Development Pilot Loan Program FROM: Cesar H• Od i 0 REFERENCES: City Manager ENCLOSURES: RECOMMENDATION: It is respectfully recommended that the City Commission adopt the two attached resolutions encompassing all of the essential elements of the attached Motion No. 87-862 which you adopted at your September 28, 1987 Special meeting regarding the Model City and Citywide Small Business Pilot Loan Program. BACKGROUND: The Department of Community Development has analyzed the need to formalize said Motion No. 87-862 and has presented the attached two resolutions for your adoption. 6 3 -1 >*N 0 -4 Sir CITY OF MIAMI CITY CLERK REPORTS MEETING OATE:SPECIM MMIRG/SEPTEMBER 28.1987CITY HALL - DINNER KEY A RESOLUTION OF THE MIAMI CITY COMMISSION CONGRATULATING THE UNIVERSITY OF MIAMI FOOTBALL TEAM ON ITS VICTORIES IN THE FIRST TWO GAMES OF THIS SEASON AND EXPRESSING THE BEST WISHES OF THE CITY OF MIAMI FOR THE HURRICANE'S CONTINUED SUCCESS, ESPECIALLY IN THE UPCOMING GAME AGAINST THE FLORIDA STATE UNIVERSITY SEMINOLES. A MOTION OF THE CITY COMMISSION APPOINTING THE HEREINBELOW LISTED INDIVIDUALS TO SERVE AS THEIR REPRESENTATIVES ON THE LOAN COMMITTEE TO BE CONSTITUTED IN CONNECTION WITH IMPLEMENTATION OF THE SMALL BUSINESS DEVELOPMENT PILOT PROGRAM: OTIS PITTS (APPOINTED BY COMMISSIONER JOE CAROLLO) BARBARA GOTHARD (APPOINTED BY COMMISSIONER ROSARIO KENNEDY) LORI WELDON (APPOINTED BY !MAYOR XAVIER SUAREZ) (PENDING ARE STILL APPOINTMENTS TO BE MADE BY VICE MAYOR J.L. PLUMMER AND COMMISSIONER MILLER DAWKINS.) (NOTE: THE TWO PENDING APPOINTMENTS SHALL BE MADE AND FORWARDED TO THE CITY CLERK TWO DAYS FROM THIS DATE FOR INCLUSION IN PERTINENT' MOTION.) R 87-860 MOVED: PLUMME; SECOND: KENNE; UNANIMOUS M 87-061 MOVED: PLUMME SECOND: KENNE UNANIMOUS Ent WU �„ �' CY OF MIAMI It CITY CIERK REPORTS E11`iING DATE: SPECIAL MEET ING/SEPTEMBER 28, 1987 PAGE NO, 2 A MOTION OF THE CITY COMMISSION AUTHORIZING AND/UR DIRECTING THE ADMINISTRATION TO IMMEDIATELY EFFECTUATE THE FOLLOWING STEPS IN CONNECTION WITH THE APPROVED IMPLEMENTATION OF THE SMALL BUSINESS DEVELOPMENT PILOT PROGRAM: 1) ADOPT THE SMALL BUSINESS DEVELOPMENT PILOT PROGRAM, INCLUDING THE PROPOSED LOAN GUIDELINES (AS MORE FULLY DISCUSSED BEFORE THE CITY COMMISSION ON THIS DATE); 2) EARMARK THE FIVE HUNDRED FORTY THOUSAND DOLLARS ($5409000) PRESENTLY AVAILABLE FROM MIAMI CAPITAL AS WELL AS THREE HUNDRED THOUSAND (i300vOOO) ADDITIONAL DOLLARS, PREVIOUSLY EARMARKED FOR THE CHRISTIAN HOSPITAL PROJECT, TO BE DIVIDED AS FOLLOWS: (a) $570t000 FOR THE LIBERTY CITY AREA; AND (b) $270,000 FOR THE CITY AT LARGE; MORE SPECIFICALLY, FOR TARGET AREAS AS DESIGNATED BY MIAMI CAPITAL. 3) ALLOCATE AN AMOUNT NOT TO EXCEED THIRTY THOUSAND DOLLARS ($30,000) FROM COMMUNITY DEVELOPMENT BLOCK GRANT FUNDS FOR PURPOSES OF: (a) IMPLEMENTING AN INDEPENDENT MINORITY C.P.A. FIRM TO ASSIST IN PREPARING AND ANALYZING THE LOAN APPLICATION PACKAGE; AND (D) EMPLOYING CONSULTANTS THAT MAY BE NECESSARY FOR SPECIALIZED TECHNICAL ASSISTANCE SERVICES; FURTHER STIPULATING THAT THE CITY COMMISSION SHALL SELECT FIVE (5) INDIVIDUALS AS THEIR REPRESENTATIVES TO SERVE ON THE LOAN COMMITTEE*; AND FURTHER AUTHORIZING THE MANAGER TO CONTACT THE "BIG 8" C.P.A. FIRMS, LOCAL PUBLIC/PRIVATE AGENCIES. PRIVATE BUSINESSES, ETC., TO ASSIST IN THIS EFFORT. A REIOLUT.LJN ALLOCATION AN AMOU14T NOT TO EXCEED $659000 FROM THE "ORANGE BLOSSOM CLASSIC" FUNDS TO BE USED FOR PROMOTIONAL EXPENSES RELATED TO THE 1967 ORANGE BLOSSOM CLASSIC TO BE HELD IN THE CITY OF MIAMI ON OCTOBER 11-17, 1967; AND FURTHER AUTHORIZING THE CITY MANAGER TO EXECUTE AN AGREEMENT IN A FORM ACCEPTABLE TO THE CITY ATTORNEY iiITH BARBARA CAREY, IN HER REPRESENTATIVE CAPACITY AS GENERAL CHAIRPERSON OF THE 1967 ORANGE BLOSSOM CLASSIC EXECUTIVE COMMITTEE FOR SAID PROJECT, SUBJECT TO AND CONDITIONED UPON COMPLIANCE WITH SUCH CONDITIONS AND LIMITATIONS AS MAY BE PRESCRIBED BY THE CITY OF MIAMI. AP - •SEE M b7-661. M 87-862 MOVED: DAWKINS SECOND: PLUMMER UNANIMOUS R 07-863 MOVED: PLUMMER SECOND: KENNEDY UNANIMOUS