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HomeMy WebLinkAboutR-84-0823J--84-517 7/20/4 rr/D7 RESOLUTION NO. 84:-823 A RESOLUTION AUTHORTZING THE CTTY MANAGER TO AMEND AN ItdDTVTDiIAT, ECONOMIC DEVELOPMENT CONTRACT FOR. TITT NTNTft Y EAR. COMMUNITY DEVELOPMENT BLOCK GRANT, WITH THE ALLAPATTAH BUSINESS DEVELOPMENT 71UTHORTTY, IN A FORM ACCEPTABLE TO THE CITY ATTORNEY, TO CHANGE THE AMOUNT OF REQUTRED GENERATED REVENUES AS STATED IN ARTTCT,E 6.2 OF THE CONTRACT FROM $12,250 TO $6,250. WHEREAS, the City Commission passed Resolution No. 83-627 on July 18, 1983, for the provision of services for economic development by entering into contracts with community based organizations; and WHEREAS, there exists a clause in the contract requiring the generation of a specific amount of funds from each community based organization, which amount- was determined by the length of time each organization has contracted with the City; and WHEREAS, the amount stipulated in the contract with the ALLAPATTAH BUSINESS DEVELOPMENT AUTHORITY ($12, 250) is incorrect based on the fact that this was its first year of funding; and WHEREAS, it would therefore he unfair to require this organization to produce the same level. of revenues as those agencies in the third year of funding; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF MIAMI, FLORIDA: Section 1. The City Manager is hereby authorized to amend an individual Economic Development Contract for the Ninth Year Coininunity Development Block Grant, with the Allapattah Business Development Authority, in a form acceptable to the City Attorney, to chancie the amount of required generated revenues as stated in Article 6.2 of the Contract, from $12,250 to $6,250. PASSED AND ADOPTED this 30th day of July , 1984. Maurice A. Ferre `TEST: MAURICE A. FERRE, Mayor RAI G. ONGIE City Clerk •1 r UUNIf4ISSIC MEETINIC OF JUL 80 1984 ESOIUi;U.% L'E5i•�I;h: r L-A PREPARED AND APPROVED BY: ROBERT P Deputy Ci,tV Attorney APPROVED AS TO FORM AND CORRECTNESS: VSIEGARCIA-PED-ROSA i ity ty Attorney 84-823 5 0 CITY OF MIAMI. FLORIDA INTER -OFFICE MEMORANDUM TO, Howard V. Gary City Manager Charlotte Gallogly17 Director tom-=. FROM: Department of Economic Development GATE: May 30, 1984 mr- SUBJECT Amendment to the Al.lapattah Business Development. Authority Economic Develop- ment Contract �FIEI RENCES: July: 30th Commission Meeting ENCLOSURES. agenda "It is recommended that the City Commission authorize the City Mana- ger to amend an individual economic development contract for the 9th year Community Development Block Grant, with the ALLAPATTAH BUSI- NESS DEVELOPMENT AUTHORITY, in substantially the form attached, hereto, to change the amount re- quired for the generation of project revenue as stated in Article 6.2 of the contract agree- ment, from $12,250 to $6,250." At the July 18, 1983 City Commission meeting, the City Commission adopted Resolution No. 83-627 authorizing you to enter into indi- vidual contract agreements with the neighborhood economic develop- ment organizations for the implementation of a.9th year Community Development Block Grant program. As you are aware, for the past t,,;o years the contract agreement between the City and the community based organizations has stipu- lated that each CBO generate project revenue funding in order that it may become self-sufficient in 1935 and no loncer depend upon funding from the City of :Miami. article 6.2 of the FY'33-'84 contract agreement stipulated that each organization %.jas required to generate funds in the amount of $12,250 by January 1, 1984 from approved revenue nerati.nc projects. He%;,cver, the figure of $12,250 in generated revenues was intended for those CEOs which received $37,750 of City funds for their third year of funding. The Allapattah Business Development Authority (r_BDA) received $48,000 for its first vear of funding for the FY '83-'84 contract year. It would therefore be unfair to request that the �¢-82� J Page 2 Sir is 3 Allapattah Business Development Authority produce the same level_ of revenues as those CBOs in their third year of funding. There- fore, it is recommended that the amount of project revenue to be generated by the Allapattah Business Development Authority be amended from the present amount of $12,250 to that of $E,250. CG/EB/ju Attachment 84-823 N4ENDMENT An AMENDMENT to a contract agreement dated .Tilly 18, 1983 between the City of Miami-, her.ei_na.fter referred to as the "CITY" and the Allapattah rlusiness Development Authority, hereinafter referred to as the *,cnNTMACTOR. " WHEREAS, the City Commission passed Resolution No. 83-627 on July l_H, -.933, for the provision of services for economic development, and; WHEREAS, the contract agreement states in Article 6.2 that the "CONTRACTOR is required to generate funds in the amount of $12,250 by January 1, 1934 ... " and; WHEREAS, the requirement to raise the specific amount of $12,250 was intended for those Community Based Organizations in their third year of funding and which received $37,750 from the CITY, and; WHEREAS, the CONTRACTOR is actually in its first year of funding with the CITY and received $48,000 in funding, and; WHEREAS, the contract agreement cited above did not take the above into consideration and mis-states in Article 6.2 the correct amount of project revenue required to be raised by the CONTRACTOR. THEREFORE, in mutual consideration of the covenants made herein and in the agreement of which this is an amendment, the parties hereto understand and agree as follows: That the Agreement between the parties, above stated, is hereby amended to state the correct amount of funds to be generated by the CONTRACTOR as stipulated in Article 6.2, should be $6,250 and not $12,250. It is further understood that all the terms and conditions outlined under the original agreement of July 18, 1983 and all 84-8 3 11 subsequent amendments thereto will remain in full force and effect without modification. IN WITNESS WHEREOF, the parties hereto have caused this instru- ment to be executed by the respective officials thereunto duly authorized. WITNESS our hands and seal on this day of , 1984. City of Miami, a municipal corporation of the State of Florida: ATTEST: By: RALPH G. ONGIE, CITY CLERK HOWARD V. GARY, CITY MANAGER ATTEST: CONTRACTOR: Allapattah Busi- ness Development Authority CORPORATE SECRETARY PRESIDENT APPROVED AS TO FORM AND CORRECTNESS: JOSE GARCIA-PEDROSA, CITY ATTORNEY (Corporate Seal) 84-823