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HomeMy WebLinkAboutR-86-0880J-86-941 RESOLUTION NO. A RESOLUTION AUTHORIZING= THE CITY MANAGER TO EXECUTE AN AGREFMFNT, IN A FORM ACCEPTABLE TO THE CITY ATTORNEY, WITH T14E ST. JOHN LOCAL DEVELOPMENT CORPORATION, FOP THE PURPOSE OF MAINTAINING THE CONTINUITY OF ECONOMIC DEVELOPMENT EFFORTS IN THE: OVERTOWN COMMERCIAL DISTRICT T14 ACCORDANCE WITH THE ATTACHED STATEMENT OF MANAGEMENT OBJECTIVES ALLOCATING FUNDS THEREFORE FROM TWELFTH (12TH) YEAR COMMUNITY DEVELOPMENT BLOCK GRANT PROGRAM FUNDS. 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 as an important part of the City's economic development strategy; and WHEREAS, the City Commission is desirous of continuing the neighborhood economic development program and funds are available in the Twelfth (I2th) Year Community Development Block Grant Program; and WHEREAS, the City Commission authorized the allocation of funds to City of Miami community -based organizations by Resolution No. 86-463; and WHEREAS, the Overtown Economic Development Corporation (OEDC) was approved for funding on a six (6) month probationary period with release of funding to be contingent upon said agency receiving a satisfactory audit report; and WHEREAS, OEDC has not been able to correct its audit findings that consist of disallowed and questioned cost items; and aff c(15(-N MEETWC OF t NO.13 1866 WHEREAS, the St. John Local Development Corporation, a not - for -profit community -based organization, is presently under contract with the City of Miami for implementation of housing development in the area; and WHEREAS, the St. John Local Development Corporation is desirous of maintaining the continuity of commercial economic development efforts in the Overtown commercial district; 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 St. John Local Development Corporation, for the purpose of implementing a Neighborhood Economic Development Commercial District in accordance with the attached statement of management objectives with funds therefore not to exceed fifty thousand dollars (S50,000) hereby allocated from the Twelfth (12th) Year Community Development Block Grant funds originally appropriated for the Overtown Economic Development Corporation. PASSED AND ADOPTED THIS IIth day of Ncwp-mher , 1986. Attest• Matty Hirai, City Clerk Prepared and Approved By: Robert F. Clark Chief Deputy City Attorney XAVIER L. S EZ, Mayor Approved as to Form and CorrectnoOss : Lucia 'A. Dougherty City Attorney 6 CITY OF M IAM I. rLOPIDA i The Honorable Mayor and Members DATE, ME: 1 of the City Commission sUDJECT Execution of a Contract Agreement with St. John Local Development Corporation FRDM Cesar H. O d i o REFERENCES City Manager 40 ENCLOSURES RECOMMENDATION It is respectfully recommended that the City Commission adopt the attached resolution authorizing the City Manager to execute a contract agreement, in substantially the form attached, for the purpose of maintaining the continuity of economic development 1 efforts in the Overtown commercial business district. BACKGROUND The Department of Community Development (DCD) has analyzed the t need to execute an agreement with the St. John Local Development Corporation for the purpose of: maintaining a neighborhood economic development program in the Overtown Business District. At the June 12, 1986 City Commission meeting, the. Commission approved the execution of a contract agreement between OEDC and the City of Miami for the 1986-87 contract period. however, this agreement was approved for a six (6) month period of time and on the basis that the final contract execution or the release of funds would not occur until an audit was performed by the City Internal Audit Department and any findings indicated were corrected. As a result of the aforementioned audit, many programmatic and fiscal deficiencies were identified. Also, the corporation had many disallowed and/or questionable expenditures. The City Administration has been formally advised by the City's legal department that it should proceed with contract termination of all agreements it has with the Overtown Economic Development Corporation. In order to continue operations and maintain the City's economic development initiatives, administratively and programmatically, the City has identified the St. John Local Development Corporation, a community -based entity, to carry out its objectives and develop new initiatives for the Overtown district. r;l 0 The Honorable Mayor and Members of the City Commission Page 2 A total amount of fifty thousand dollars ($50,000), allocated by Resolution No. 86-463, is available for this purpose. The St. John Local Development Corporation, has began inaugurating commercial development programs and is presently under contract with the City of Miami's Housing Agency to develop affordable housing through new construction and/or rehabilitation for low and moderate income persons in the Overtown area. STATEMENT OF MANAGEMENT OBJECTIVES St. John Local Development Corporation will implement but not be limited to, the following management by objectives: - Implement the neighborhood commercial facade program. - Oversee the coordination and rehabilitation of the Culmer Project. - Develop new economic initiatives for the Overtown commercial district. - Conduct a quarterly inventory of commercial office space. - Maintain a commercial/residential crime watch program - Refer business owners to financial quasi - public and/or private lending institutions for loan packaging assistance. - Work with New Washington Heights, a Community -Based Organization,, in identifying business persons in the Overtown district interested in obtaining business loans and/or management /technical assistance.