HomeMy WebLinkAboutR-82-0235E
RESOLUTION NO. 8 2 r 2 3 5
A RESOLUTION AUTHORIZING THE CITY MANAGER TO SUBMIT AN APPLI-
CATION TO THE UNITED STATES DEPARTMENT OF COMMERCE: ECONOMIC
DEVELOPMENT ADMINISTRATION (EDA) REQUESTING $1.5 MILLION FOR
THE REDEVELOPMENT AND RENOVATION OF THE PANTRY PRIDE BUILDING
AND PROPERTY LOCATED AT NORTHWEST 62ND STREET AND 6TH AVENUE
IN CONJUNCTION WITH THE BELAFONTE TACOLCY CENTER, INC. AND
EXPRESSING THE INTENT OF THE CITY COMMISSION TO APPROPRIATE
UP TO $300,000 IN FLORIDA POWER AND LIGHT FRANCHISE FEES TO
MEET THE CASH MATCH REQUIREMENTS OF THE U.S. DEPARTMENT OF
COMMERCE FOR THIS PROJECT WHEN IT IS APPROVED BY EDA.
WHEREAS, the City of Miami submitted a pre -application to the U. S.
Department of Commerce on December 10, 1980 requesting a grant to renovate
a currently vacant 46,000+ square foot Pantry Pride Supermarket structure
• into a 23,000 square foot supermarket and 8-10 retail establishments; and
WHEREAS, the U.S. Department of Commerce has expressed an interest
in receiving a formal application from the City of Miami for the aforemen-
tioned project for possible funding from the Department's Special Economic
Development and Adjustment Assistance Program authorized under Title IX of
the Public Works and Economic Development Act of 1965, as amended; and
WHEREAS, the U. S. Department of Commerce encourages public and pri-
vate non-profit community organizations to work together to carry out pro-
jects under Title IX; and
WHEREAS, the Belafonte Tacolcy Center, Inc., a recipient of financial
support from the Local Initiative Support Corporation, a subsidiary of the
Ford Foundation, has expressed a willingness to work with the City of Miami
to accomplish the project; and
WHEREAS, the City of Miami wants to work with the Belafonte Tacolcy
Center, Inc. to develop the project; and
WHEREAS, approval of the grant award will require the City of Miami
to provide up to a $300,000 local contribution to meet the match requirements;
and
WHEREAS, revenue generated by Florida Power and Light Franchise Fees
may be used for this purpose:
NOW,THEREFORE, BE IT HEREBY RESOLVED BY THE COMMISSION OF THE CITY
OF MIAMI, FLORIDA:
Section 1. The City Manager is hereby authorized to submit an appli-
CnY COMMISSI N
MEETING OF
MAR 1 18 2- 2 5
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cation to the U. S. Department of Commerce: Economic Development Adminis-
tration requesting $1.5 million for the redevelopment and renovation of the
Pantry Pride building and property located at Northwest 62nd Street and
6th Avenue in conjunction with the Belafonte Tacolcy Center, Inc.
Section 2. The City Commission hereby expresses its intent to
appropriate up to $300,000 in Florida Power and Light Franchise Fees to meet
the cash match requirements of the U.S. Department of Commerce for this pro-
ject when it is approved by EDA.
PASSED AND ADOPTED this it day of MARCH , 1982.
MAURICE A. FERRE
MAYOR
ATTEST:
RAL9 G. ONGIE, CITY CLERK
PREPARED AND APPROVED BY:
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Howard V. Gary
City Manager
Jim Reid I
Assistant City Manager
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February 26, 1982
Development of Pantry Pride Site
March 11 Commission Meeting
"It is recommended that the City Commission authorize the
City Manager to submit a grant application to the U. S.
Department of Commerce requesting $1.5 million for the
redevelopment and renovation of the Pantry Pride building
and property located at Northwest 62nd Street and 6th
Avenue in conjunction with the Belafonte Tacolcy Center, Inc.
and expressing the intent of the City Commission to appro-
priate $300,000 in Florida Power and Light Franchise Fees to
meet the cash match requirements for this project when
approved by the U. S. Department of Commerce."
On December 10, 1980, the City of Miami submitted a pre -application to the U. S.
Department of Commerce requesting a grant to renovate a currently vacant 46,000+
square foot Pantry Pride Supermarket structure into a 23,000 square foot supermarket
and 8-10 retail establishments. This project is in the City's Economic ?adjustment
Plan and is designed to stimulate business development in the areas most affected by
the civil disturbances which occurred during May 1980.
An important part of the City's economic Adjustment Plan is the involvement of
community organizations with a solid organizational structure and capabilities in the
area of economic development. The Belafonte Tacolcy Center, Inc. is an organization
with these characteristics which has received financial support from the Local Initia-
tive Support Corporation, a subsidiary of the Ford Foundation. Their involvement with
this project should improve our chances of support from the U. S. Department of
Commerce and increase the potential for constructive involvement of Black businesses
and community leaders from the areas to be impacted by the development.
The City Commission needs to express their intent to provide up to $300,000 in cash
match when the project is approvea in order to demonstrate to the U. S. Department
of Commerce our commitment to this project. Upon receipt of the funds, a contract
with the Belafonte Tacolcy Center, Inc. would be developed to provide reimbursement
to the City of the $300,000 "equity" investment in the project. The intent of the
contract would be to provide a fair return to the City and to divest ourselves of
project ownership as soon as possible.
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