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Home My WebLink AboutR-84-1071J-84-813 RESOLUTION NO. 84-1071 A RESOLUTT014 Ai1THORT"ZING, THE CITY MANAGER TO PUBLISH F OR PROPOSAL ( RFP) , IN A FORM ACCEPTATIT,E T+-) THE, CITY ATTORNEY, FOR A QUALTFTI':1�) 0111(7,A1111: AT1:( tN IO PROVIDE TECHNICAL A 15513TANCE ;.) i RVICES TO MIAMI CAPITAL DEVELOPMENT INC. ' S LOAN C1,1.1%NTS . WHEREAS, the City Commission is committed to economic development, and WHEREAS, on April 5, 198, the City Commission approved Resolution No. 84-384 and Appropriation Ordinance No. 98-34 which included an allocation of $100,000 from the 10th year Community Development Block Grant Progvam to establish a technical assistance program for the non-profit corporation, Miami Capital Development Inc.'s (MCDI) loan clients; and WHEREAS, MCDI does not have the resources or specialized skills needed to provide the specialized technical assistance services required by its client; and WHEREAS, a technical assistance program would greatly improve the abilities of MCDI's loan clients to successfully operate their busines;:es' NOGG, THERIFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI, FLORIDA: Section 1. The City Manager is hereby authorized to publish a Request for Proposal (RFP) in a form acceptable to the CITY COmki-SS16 , MEETING or SE P 20 1984 REWLUI1(m �{ k kE�hP.i�KS. City Attorney, for a qualified organization to provide technical assistance services to Miami Capital Development, Inc.'s loan clients. PASSED AND ADOPTED this 20th_ day of September, , 1984. ATTEST: C]R PH . ONGIE, CITY CLERK PREPARED AND APPROVED BY: ROBERT F. CLARK, PUTY CITY ATTORNEY APPROVED AS TO F1 AND CORRECTNESS: . 1J%J V V It L, Jl • a , Maurice A. Ferre MAURICE A. FERRE, MAYOR 9�1 CITY OF MIAMI. FLORIDA INTER -OFFICE MEMORANDUM Howard V. Gary August 20, 1984 TO, City Manager n^rs' rus. Approval. To Publish ovmJEcr. A BFP For & QnmIified Organization To Provide � 1[eohnieol Ser- rpo.' Charlotte GalI«Qly ) .� � ncrcpcnccs vime:! To MCDI [0on CItent3 Director ` Department of Economic Development swcLosunes, September 13, 1904 Commis- sion &8rndo «It is recommended that the City Commission authorize the City Manager to publish a Regueot for Proposal (RFP), in substontially the form attached, for a guaIi[ied organization to provide teobnical. assistance servioms to Mliami Capital Development, Inu.`s loan clients." On April 5, 1984, the City Commission approved Resolution No. 84- 384 and Appropriation Ordinance No. 98-34 which included an allocation of $100'000 from the 10th year Community Development Block Grant Program to establish a technical osn13tance program for Miami Capital Development, Znc.'o (MCDZ) loon cliento. To this effect, the City of Mli--mi will be requesting, proposals (Attac6mentu Z) from organizations qualified to prnvide technical assistance services (which may include truiniob" sessions) in the of buoiness mana,,,n�ent and operat-ion to approximately 80 small anu minority eotreprenuero who hove rccnived cnmmeroial loans Crom ��DI. As the a�ta�hed �a�uect �or Propc�al (RF�) indicatos` �he typoo of technical will be Provided are in thc areas of (1) mon�8emsnt (23ocnuntinQ/book-ket2 p inC invcntory control, (4) purzMooin6� (�) murketinadvertis �n(6) r1ak management and 1nsur3nme (7) import/export (8) personnel management- (g) financial management and (10) computer application and operations. s It should be noted that a significant requirement of the RFP is that each of MCDI's loan clients will be visited at least once each quarter for a minimum of four (4) ti.mes a year. Also, "problem businesses" wi.11 be visited at least two (2) additional times during the c..ont-,r�;ct:. per:ind to resolve problems and to assure that owners wi 11. be ah1F� to repay their loan,: and increase the performance and pr refit; Of ;;heir businesses. We recnmm,enrd the >prnv�al_ of t;i7i.s resnluti.on t;o publish a Request for Propo:,cal_ fnr thcar r.er vice. becau:, e of t,,he following rea,:)ons: 1) MCDI does, not nave the resources nor expertise needed to provide the specialized technical as^istance services required by its clier;tsa 2) These services should greatly improve the ahi.l.i.tics of MCDI loan clients to successfully operate tlacir busi.ncc:, es. 3) The program should prove to be in tr�?rrvr,t:<-,1.. .n improving the current default rates of MCDI loan clier;ts. trccorclinF to the Loan Portfolio Status Report (gas of July 31- 198�0 that was recently submitted by MCDI, 59%, of its lc,,,rr; acre current and 41% are past due anywhere from 30 to over 90 days (Attachment II). As this report further indicates, the 25 loans that are past due more than 90 days represent an outstanding balance of $853,828 or 15; of the total outstanding balance. CG/AR/ ju Attachments ATTACHMENT I REQUEST FOR PROPOSAL Program Title: Technical Assistance Program for Miami Capital Development, Inc. Loan Clients Issuring Entity: City of Miami Contract: Amount: $100,000 Contract: Duration: 12 months The City of Miami is seeking the services of an organization qualified to provide technical assistance services (which may include classroom training sessions) in the areas of business management and operation to approximately 80 small and minority entrepreneurs who have received commercial loans from the non- profit corporation, Miami Capital Development, Inc. (MCDI). The following is an approximate breakdown by industry of the types of businesses that have received loans from MCDI: 32% - Food Related, 321, - Service, 11% - Suppliers, G• - Medical, 410 - Clothi.ng, � - Construction Yrade, 11'/A - Manufacturers, 3% - Insurance-, 3 - Furniture, A" -- Transportation. Spec -if ic'_lly, the or-.anization will be required to provide techni,., I ass.iutar.c« ir! the =yeas of (1) management (2) account.irr/bockkeepin ( ) inventory control (4) purchasing (5) marl. etircw/zadvertisJ.r g risk management and in_urance (7) import/export (P) Personnel management (a) financial manarement and (10) et-rnputer application and operatiors. It ll be tl,, - c::r `ani .. tionts r(':apC`,nsibilit!` tc:� coi'li:'.ijCt at least cne ( ) si to visit durin ; glu<irter to Ll f'ir-;,... ti .t have receiv 3d `a_,rr,.._r is i. l ocans f ror t C,.)1. ,lsr, t:� r �...,+ i^n and t;Cl)I, +Lr, the Ci. j f izJ1," ppro,Ll, Vi,.l joirttl'� develop c r i t e r i t;, _e u�.t-� its c1v._ if ;r.f- "f;robl�__rr" b�:...r,f _. �:> h_t wouldrequir _ at 1, .st 'Lwcl ("7) di tic r1,sl site visits, durinf the cor:tract peri(;d to rc soive the identified problems and to assurf that the owner: will be :able tc repay the loans and increase the performance and profits of their business. The organization will be expected to develop a standard monitoring form to be used during the site visit which at minimum would include information on the problem(s) identified, proposed solution(s) offered, and the follow-up requi.rcd. it will then be the responsibility of t;ho organization tr prepare mnnthly reports On the bt1;;I.r135Rs 'l ltcd and,Cr `v'leC F' pr�vi acC? Once prolblF-,m( ) are id(�nt J.f ied, and soIiitinn,n propn~ed' it; ,Hill be both the, and MCDT'., r�.�ror..�it�i.l_i.t. t:o i-miplemcnt the correct:i_;;c a tinn PI'an requ:i_rf d try r-:7 yr ti1deficiencies discovered in the busincs. es vi_si.ted. The goaI of this prcgr i7 i.:., to provide P',CDT commercial loan recipients with t,cchnicriI assistance aimed at improving their abilities_, to succcssfully operate their businesses. Project Reoui r-el-tints 1. Organization must develop a monitoring form to evaluate businesses that are visited. 2. Organization must visit each lendee at least four times a year and at least two additional times once the lendee has been identified as a problem lendee. 3. Organization should have in-house data processing capabilities and access to classroom facilities. Items To Be Addressed By Or anization's Response: 1. Scope of work. 2. Proposed budget. 3. Proposed schedule of activity. 4. Description of past experiences in related projects. 5. Financial cnnditior oi` entity and past history. 6. Resumes cf the prep:osed key staff and the organization. 7. Proposed minority participation in project. I i Evaluation: A panel consisting of a combination of five (5) representatives from the City of Miami and MCDI will be responsible for evaluating responses and for selecting the organization. The panel. vill_ e.vnluate all responses based on the information submitted to address the "Pro,jeet-. and ":items To Be Addressed By Or'g:,;li.,.at�.nil'.. Resp")IlsC" 5ecti.n113 of tflis pl-opOsal. Five (5) copies (-)f the respon.5(�s to thi_., RFP must be delivered no later than 5:00 p.m. on to: Chariott;e Gall.ngl.y, Director City of 'rtiarni Department. of Economic Development 174 East Flagl.er Strcet, 7th Floor Miami, Florida 33131 MIAMI CAPITAL DEVELOPMENT, INC. LOAN PORTFOLIO STATUS REPORT AS OF JULY 31, 1984 ATTACH"E'V t' II PAYMENT STATUS NUMBER OF LOANS % LOAN AMOUNT & BALANCE OUTSTANDING Current 60 59 $ 4,468,050 72 $ 3,953,735 PAST DUE: 30 days 5 5 75,000 1 481337 60 days 4 4 315,000 5 247,187 90 days 7 7 435,000 7 408,756 over 90 days * 25 25 930,191 15 ** 853,828 TOTAL....... 101 100 $ 60223,241 100 $ 5,511,843 * Includes nine (9) loans sent to our attorneys for collection. * Out of this total $ 449,625 has been sent to our attorneys for collection, which represents 8% of the total balance outstanding. I_A N 72 1 4 8 15 100 r: