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HomeMy WebLinkAboutR-87-0826J-87-696 71011'87 RESOLUTION N0.$ 7w-826. A RESOLUMN AUTHORIZING THE 'CITY MANAI#ER TG AMEND THE ECONOMIC DEVELOPMENT AGREEMENT SETWEEN `WyNWOOD COMMUNtTY ECONOMIC DEVELOPMENT CORPORATION INC, AND THE Ct`TY OF MIAMI, TO EXTEND THE EXPIRATION DATE OF ITS FISCAL YEAR 198E-87 CONTRACT PERIOD FROM AUGUST 30, 1987 TO SEPTEMBER 3'01 1987 AND TO INCREASE ITS FUNDING IN AN AMOUNT NOT TO EXCEED FOUR THOUSAND ONE HUNDRED StXTY-SEVEN DOLLARS ($4j 167), URICH REPRESENTS ONE TWELFTH OF THE ANNUAL FIFTY THOUSAND DOLLAR ($50,000) COMMUNITY SASE ORGANIZATION BUDGET, FROM THIRTEENTH (13TH) YEAR COMMUNITY DEVELOPMENT BLOCK GRANT FUNDS; TO ALLOW ADDITIONAL TIME FOR A REORGANIZATION OF ITS BOARD OF DIRECTORS AND PROFESSIONAL STAFF. BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI, FLORIDA: Section 1. The City Manager is hereby authorized to amend the Fiscal Year 1986-87 economic development Agreement with Wynwood Community Economic Development Corporation, Inc. for the purpose of extending the expiration date of the Agreement from August 30, 1987 September 30, 1987 to allow additional time for reorganization of the agency. Section 2. The City Manager is hereby authorized to increase the allocation for Wynwood Community Economic Development Corporation in an amount not to exceed four thousand one hundred sixty-seven dollars ($4,167) from Thirteenth (13th) Year Community Development Block Grant funds. QED' L4,M,a t :fib PASSED AND ADIOMb thlb dliy Of soptember rt' JJam�.. l► ,.,' w` tl y t� } �r y� t q� �y i� .., �... A tfY 1GR lie - AREZ �. ATTEST MAT HIRAI CITY CLERK PREPARED AND APPROVED BY: ti i i,•f 4 Cr iINqnvjoW X", Wd wow► 1111VIR +%W#FjP4 BOARD of 01ARCTORS Ptetident V ictot Sef het Vw@ Ptnident 6aftiahel Aiveta sactetaty 1 utesa q'vera August 12 f 1987 Treatutet Ww NI, Veiaviuet Zxteutm L�ir±�tnt M.I U t.' S : a Miami City Clark Miami City tall 3500 Pan American Drive Miami, Florida Gentlemen: As per resolution 87-689 herewith attached, the Wynwood Community Economic Development Corporation needs to appear before the next City Commission meeting (to be held on September 8, 1987) at which time the agency will show compliance with the aforementioned resolution and the Commissioners will be duly informed about its reorganization of both Board of Directors and professional staff. Therefore, it is of utmost importance to be included in the next City Agenda. Sincerely .yours, Manuel Silva Executive Director MS/ms Encl 115 N.W. 36th Strwt Miami, Florida33127 (3051576-0440 F - - --- L i' t i A RESOLUTION AUTHORIZING THE CITY MANAGER TO AMEND THE ECONOMIC DEVELOPMENT AGREEMENT BETWEEN WYNil80D COMMUNITY ECONOMIC DEVELOPMENT CORPORATION INC. AND THE CITY OF MIAMI, TO EXTEND THE EXPIRATION DATE OF ITS FISCAL YEAR 1'986=8I CONTRACT PERIOD FROM JUNE 30, 1987 TO AUGUST 309 1987 AND TO INCREASE ITS FUNDING IN AN AMOUNT NOT TO EXCEED FOUR THOUSAND FIVE HUNDRED DOLLARS ($4,500) FROM THIRTEENTH (13TH) YEAR COMMUNITY DEVELOPMENT BLOCK GRANT FUNDS; FURTHER ALLOVINC WYNWOOD COMMUNITY ECONOMIC DEVELOPMENT CORPORATION TO EXPEND REMAINING THREE THOUSAND FIVE HUNDRED DOLLARS ($3,500) FROM TVELFTH (12TH) YEAR COMMUNITY DEVELOPMENT BLOCK GRANT FUNDS FOR A TOTAL OF EIGHT THOUSAND DOLLARS ($8,000) MAXIMUM ALLOCATION; TO ALLOY TIME FOR A REORGANIZATION OF ITS BOARD OF DIRECTORS AND PROFESSIONAL STAFF6 BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI, FLORIDA: Section 1. The City Manager is hereby authorized to amend the Fiscal Year 1986-87 economic development Agreement with Wynwood Community Economic Development Corporation, Inc. for the purpose of extending the expiration date of the Agreement from June 30, 1987 to August 30, 1987 to allow a sixty (60) day reorganization period for the agency. Section 2e The City Manager is hereby authorized to increase the allocation for Wynwood Community Economic Development Corporation in an amount not to exceed four thousand five hundred dollars ($4,500) from Thirteenth (13th) Year Community Development Block Grant funds and allow the agency to utilize the remaining three thousand five hundred dollars ($3 000) for Twelfth Year Community Development Block Grant funds for a maximum allocation of Height thousand dollars 080000). CITY COMNIISSi ,0�# KEETWO OF JUL 9 1987 RES44![TIQN 1 , 87. PASSED ADD ADOPTED tht ' 467 of Ju v lolls XAVIER Ls SdWREZ MAY CA ATTEST: MA Y HIRAI CITY CLERK PREPARED AND APPROVED BY: ROB RT F. RK CHIEF DEPU CITY ATTORNEY APPROVED AS TO FORM AND CORRECTNESS: s LUCIA A. DOUGHERTY CITY ATTORNEY WE r� w 2 w87-8246