HomeMy WebLinkAboutR-85-0824J-85-764
RESOLUTION NO. 85-S' 0"I
A RESOLUTION] AUTHORIZING THE CITY MANAGER
TO AMEND 'THE AGREEMENT WITH GREATER MI.AMI.
UNITED, INC. (GMU), IN A FORM ACCEPTABLE TO
'THE CITY ATTORNEY, TO EXTEND THE TIME OF
PERFORMANCE FROM JUKE 301 1985 TO JUNE 30,
1986.
WHEREAS, the City Commission is committed to economic
development and the expansion of trade and c..)mmerce, and
WHEREAS, the promotion of economic revitalization in
the neighborhoods of the City of Miami is an important part of
the City's economic development strategy; and
WHEREAS,
the
City
of Miami
recognizes
that the
Economic Development
and
Housing
Program
areas of
the
Metro -Miami
Action Plan, recommended six actions that would be fur•the-ed by
providing special support to Community Development Corporations
or Community Based Organizations; and
WHEREAS, the City Commission passed Resolution No. 84-
i
540 on May 10, 1984 authorizing the execution of a contract with
Greater Miami United, Inc. (GMU) in the amount of $100,000 for
the purpose of becoming a funding partner in the Local Initiatives
Support Corporation (LISC)/Miami Project; and
WHEREAS, the objective of this agreement is to provide
loan and
grant funds to
local community
development corporations
or community
development
organizations
for the purpose
of thew -
becoming involved in capital investment projects; and
CITY COMMISSION
MEETIric ()p
JUL 25 1985
RFMARKS.
WHEREAS,
the origir:al
age eement dated May 16, 1985
states
in Article
II, 2.1
TIME OF PERFORMANCE that "This
Ag-eement
shall become
effective
upon executi,-)n of this Ag•eemer:t
by the
City Manage"
and the se
-vices of the C�JiiTRACT;)R a-e to
commence
on July 1,
1y84 and te-minate
or: June 3J, 1985."; and
WHEREAS,
since this
is to be a two year the
TIME OF
PERFORMANCE
is to be
amen-de-1 t,) terminate _,r; June 30,
1986.
NOW, THEREFURE:,
BE
IT RESOLVED BY THE COMMISSION OF
THE CITY
OF MIAMI, FLORIDA:
Section 1. The City Manage- is hereby autho-ized to
amend the May 16, 1985 agreement with the Greater Miami United,
Inc. to extend the termination date from June 30, 1985 to Jute
30, 1986.
PASSED AND ADOPTED this 25th _ day .:f Jul_____+
1985.
Maurice A. Ferro
MAURICE A. FERRE, MAYOR
ATTEST:
PREPARED AND APPROVED BY:
TTORNEY
APPROVED TO FORM AND CORRECTNESS:
85-8;8 4
CITY OF MIAM1. FLORIOA
INTER -OFFICE MEMORANDUM
To. The Honorable Mayor
and Members of the City
CJmmisSiOn
FROM•
Sergio Pereira
City Manager j
Background
DATE: J U L " Wi ALE:
. Z;r
SUBJECT Amendment To contract
With Greater Miami
United
M1
REFERENCES:
July 25 Commission Meeting
ENCLOSURES:
"It is recommended that the City
Commisison approve the attached
resolution authorizing the City Manager
to execute an amendment, in a form
acceptable to the City Attorney, to the
contract dated May 16, 1985 between the
City and Greater Miami United, Inc. to
extend the time of performance from June
30, 1985 to June 30, 1986.11
At the May 10, 1984 City Commission meeting, the City Commission
adopted Resolution No. 84-540 authorizing the execution of a
contract with Greater Miami United, Inc. (GMU) in the amount of
$100,000 for the purpose of becoming a funding partner in the Local
Initiatives Support Corporation (LISC)/Miami Project. The objective
of this agreement is to provide loan and grant funds to local
community development corporations or community based organizations
for the purpose of their becoming involved in capital investment
projects. The original agreement cited the time of performance to
be from July 1, 1984 to June 30, 1985. However, since this is to be
a two year program, the termination date should read June 30, 1986.
Recommendation
it is therefore recommended that the City Commission approve the
attached resolution to amend the original agreement of May 16, 1985
with Greater Miami United, Inc. to extend the termination date from
June 30, 1985 to June 30, 1986.
3?/CG/ju
Attachments
8S`8;2;4