HomeMy WebLinkAboutR-81-0163_ RESOLUTION N0.
«SU _ ���' ' �' " �A RESOLUTION ALLOCATING AN ADDITIONAL AMOUNT
D!�`I(�'� 1 Y�,y (r" NTSOF $38,770 TO ThE DEPARTMENT OF TRADE &
'-J COMMERCE DEVELOPMENT'S BUDGET FROM THE
FOLLOW COMMUNITY DEVELOPMENT BLOCK GRANT (6TH YEAR)
WHEREAS, the City Commisison is committed to economic
development and trade and commerce growth; and
WHEREAS, pursuant to Resolution No. 80-347, the City of
:Miami provided financial assistance to Miami Capital Develop-
ment, Inc. from the Department of Trade & Commerce Development's
General Fund budget in the amount of $38,770 for institutional-
izing a financial assistance program; and
WHEREAS, the Department of Community Development has
agreed to reimburse the Department of Trade & Commerce Develop-
ment with Community Development funds in the same amount for
the purpose of further enhancing this department's mission of
economic development and trade.
NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF
THE CITY OF MIAMI, FLORIDA:
Section 1. The amount of $38,770 is hereby allocated
to the Department of Trade & Commerce Development's budget from
the Community Development Block Grant (6th year).
PASSED AND ADOPTED this 17
ATTEST:
LPH 0. ONGIE, CITY CLERK,,--;;'
APPROVED AS TO FORM AND CORRECTNESS:
--,17.
ROBERT F. CLARK
ACTING CITY ATTORNEY
day of _ MARCH , 1981.
MAURICE A. FERRE
M A Y O R
"SUPPORTIVE
DOCUMENTS
FOLLOW
"DOCUMENT INDEX
i'rrne n1n 47 it
CITY COMMISSION j
MEETING OF I
ID
ro Richard L. Fosmoen February 20, 1981
City Manager
Additional Allocation to
the Dept. of Trade & Commerce
Development from the Community
-�� Julio A. Castano, DirectortDev.
,,.-Development Block Grant (6th Year)
Department of Trade & Comme—
"It is recommended that the attached
Resolution be adopted by the City
Commission allocating an additional amount
of $38,770.00 to the Department of Trade
& Commerce Development's budget for
expenses in the same amount, incurred
in connection with start-up funds advanced
to Miami Capital Development Inc."
Pursuant to Resolution No. 80-347, adopted May 8, 1980, the
Department of Trade & Commerce Development provided Miami
Capital Development Inc. with $38,770.00 for start-up costs
with the purpose of institutionalizing a Financial Assistance
Program on behalf of the City of Miami. At the time it was
agreed that the Department of Trade & Commerce would recuperate
that amount whenever 6th year Community Development Funds
became available, however, due to further complications allocation
of that amount had been delayed.
The Department of Community Development, through its
Director, Ms. Spillman, has at this time authorized this
allocation which is to take effect upon adoption of the
attached Resolution.
JAC/sl