HomeMy WebLinkAboutText File ReportFile ID: 08-00226
Enactment #: R-08-0123
Version: 1
City of Miami
Text File Report
Type: Resolution
Introduced: 2/21/08
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
Status: Passed
Enactment Date: 3/13/08
Controlling Body: Office of the City
Clerk
A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), AUTHORIZING
THE DE -OBLIGATION OF FUNDS, IN THE AMOUNT OF $225,315, FROM THE ACCOUNTS
LISTED IN EXHIBIT "A," ATTACHED AND INCORPORATED; ALLOCATING SAID FUNDS, TO
RAFAEL HERNANDEZ HOUSING AND ECONOMIC DEVELOPMENT CORPORATION, INC.,
FOR THE EXTERIOR REHABILITATION OF FOR-PROFIT BUSINESSES SPECIFIED IN EXHIBIT
"B," ATTACHED AND INCORPORATED; AUTHORIZING THE CITY MANAGER TO EXECUTE
AN AGREEMENT, IN SUBSTANTIALLY THE ATTACHED FORM, WITH SAID AGENCY, FOR
SAID PURPOSE.
WHEREAS, Rafael Hernandez Housing and Economic Development Corporation, Inc. ("RHHED"), is a non-profit
Florida corporation located at 2400 North Miami Avenue, Miami, Florida, that focuses on community development and
empowerment, building affordable homes in economically depressed areas, improving the appearance of economically
depressed commercial areas and assisting local community entrepreneurial minded individuals; and
WHEREAS, the accounts specified in Exhibit "A," attached and incorporated, are to be closed out because the projects
did not commence or did not utilize all of the funding received; and
WHEREAS, the Administration recommends de -obligating the unused funds in said accounts and the reallocation of
said funds to RHHED, as specified in Exhibit "A," for the exterior rehabilitation of for-profit businesses specified in Exhibit
"B," attached and incorporated, a project otherwise referenced as the Little Haiti Commercial Rehabilitation Project; and
WHEREAS, funds, in the amount of $185,815, will be used to pay for construction costs and funds in the amount of
512,000, for soft cost contingencies to rehabilitate the properties, and the remaining funds in the amount of $27,500, will be
paid to RHHED for its technical support fee;
NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI, FLORIDA:
Section 1. The recitals and findings contained in the Preamble to this Resolution are adopted by reference and
incorporated as if fully set forth in this Section.
Section 2. The de -obligation of funds, in the amount of $225,315, from the accounts listed in Exhibit "A," attached
and incorporated and the allocation of said funds to RHHED, to be used for the exterior rehabilitation of for-profit
businesses specified in Exhibit "B," attached and incorporated, is authorized.
Section 3. The City Manager is authorized( l ) to execute an Agreement, in substantially the attached form, with said
City of Miaini Page I Printed on 3/31/2008