HomeMy WebLinkAboutLegislation-SUBWHEREAS, pursuant to Resolution No. 08-0308, adopted June 5, 2008, the Miami City
Commission approved the allocation of $179,483 in Community Development Block Grant ("CDBG")
funds to the City of Miami Department of Community Development Economic Development Reserve
Account; and
WHEREAS, the Administration recommends the transfer of CDBG funding, in the amount of
$103,000 from the 34th Program Year and $131,000 from the 35th Program Year for a total of
$234,000, to the City of Miami ("City") Department of Community Development Economic
Development Loan Pilot Program to provide loans of up to $10,000 to for-profit businesses located in
District 3 or 4 for special economic development activities to create and/or retain jobs for low to
moderate income people who reside in the City of Miami ("City"), as specified in Exhibit "A", attached
and incorporated;
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 transfer of CDBG funding, in the amount of $103,000 from the 34th Program
Year and $131,000 from the 35th Program Year for a total of $234,000, to the City Department of
Community Development Economic Development Loan Pilot Program, to provide grants of up to
$10,000 to for-profit businesses located in District 3 or 4 for special economic development activities to
create and/or retain jobs for low to moderate income people who reside in the City, as specified in
Exhibit "A", is authorized.
Section 3. The City Manager is authorized {1 } to execute all necessary documents for said
purpose.
City of Miami Page I of 2 Printed On: 6/17/2009
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Resolution
File Number: 09-00613 Final .action Dateui
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A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S),
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AUTHORIZING THE TRANSFER OF COMMUNITY DEVELOPMENT BLOCK O
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GRANT FUNDS, IN THE AMOUNT OF 5103,000 FROM THE 34TH PROGRAM
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YEAR AND $131,000 FROM THE 35TH PROGRAM YEAR; FOR A TOTAL OF
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5234,000: ALLOCATING SAID FUNDS TO THE CITY OF MIAMI ECONOMIC
DEVELOPMENT LOAN PILOT PROGRAM FOR AWARDS NOT TO EXCEED
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$10,000 TO FOR-PROFIT BUSINESSES LOCATED IN DISTRICT 3 OR 4 TO w
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RETAIN AND/OR CREATE JOBS FOR LOW AND MODERATE INCOME PEOPLE
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WHO RESIDE IN THE CITY OF MIAMI; AS SPECIFIED IN EXHIBIT
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ATTACHED AND INCORPORATED; AUTHORIZING THE CITY MANAGER TO
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EXECUTE ALL NECESSARY DOCUMENTS FOR SAID PURPOSE.
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WHEREAS, pursuant to Resolution No. 08-0308, adopted June 5, 2008, the Miami City
Commission approved the allocation of $179,483 in Community Development Block Grant ("CDBG")
funds to the City of Miami Department of Community Development Economic Development Reserve
Account; and
WHEREAS, the Administration recommends the transfer of CDBG funding, in the amount of
$103,000 from the 34th Program Year and $131,000 from the 35th Program Year for a total of
$234,000, to the City of Miami ("City") Department of Community Development Economic
Development Loan Pilot Program to provide loans of up to $10,000 to for-profit businesses located in
District 3 or 4 for special economic development activities to create and/or retain jobs for low to
moderate income people who reside in the City of Miami ("City"), as specified in Exhibit "A", attached
and incorporated;
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 transfer of CDBG funding, in the amount of $103,000 from the 34th Program
Year and $131,000 from the 35th Program Year for a total of $234,000, to the City Department of
Community Development Economic Development Loan Pilot Program, to provide grants of up to
$10,000 to for-profit businesses located in District 3 or 4 for special economic development activities to
create and/or retain jobs for low to moderate income people who reside in the City, as specified in
Exhibit "A", is authorized.
Section 3. The City Manager is authorized {1 } to execute all necessary documents for said
purpose.
City of Miami Page I of 2 Printed On: 6/17/2009
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File Number.- 09-00613
Section 4. hi-- Resoluticn shall become effective imimediately upon its adoption and signature
of the Mayor. (2}
APPROVED AS TO FORM AND CORRECTNESS.
JULIE 0. BRU _
CITY ATTORNEY
Footnotes:
(1} The herein authorization is further subject to compliance with all requirements that may be
imposed by the City Attorney, including, but not limited to, those prescribed by applicable City Charter
and Code provisions_
(2) If the Mayor does not sign this Resolution, it shall become effective at the end of ten (10) calendar
days from the date it was passed and adopted. If the Mayor vetoes this Resolution, it shall become
effective immediately upon override of the veto by the City Commission.
City of Miami
THIS DOCUMENT IS A
SUBSTITUTION TO ORIGINAL
BACKUP. ORIGINAL CAN BE SEEN
AT THE END OF THIS DOCUMENT.
Page 2 of 2
Printed On: 6/1712009
SUBSTITUTED
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City of Miami
City Hall
3500 Pan American
Drive
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Legislation
Miami, FL 33133
www.miamigov.com
Resolution
Fil Number: 09-00613
Final Action Date:
ASOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S),
AUT RIZING THE TRANSFER OF COMMUNITY DEVELOPMENT BLOCK
GRAN FUNDS, IN THE AMOUNT OF $131,000; ALLOCATING SAID FUNDS TO
THE CIT OF MIAMI ECONOMIC DEVELOPMENT LOAN PLOT PROGRAM FOR
AWARDS OT TO EXCEED $10,000 TO FOR-PROFIT BUSINESSES LOCATED
IN DISTRICT OR 4 TO RETAIN AND/OR CREATE JOBS FOR LOW AND
MODERATE I OME PEOPLE WHO RESIDE IN THE CITY OF MIAMI, AS
SPECIFIED INE IBIT "A", ATTACHED AND INCORPORATED; AUTHORIZING
THE CITY MANAG TO EXECUTE ALL NECESSARY DOCUMENTS FOR SAID
PURPOSE.
WHEREAS, pursuant to ResolutiNo. OS -0308, adopted June 5, 2008, the Miami City
Commission approved the allocation of $1 ,483 in Community Development Block Grant ("CDBG")
funds to the City of Miami Department of Co unity Development Economic Development Reserve
Account; and
WHEREAS, the Administration recommend the transfer of CDBG funding, in the amount
$131,000, to the City of Miami ("City") Department o, of Development Economic
Development Loan Pilot Program to provide loans of up o $10,000 to for-profit businesses located in
District 3 or 4 for special economic development activities o create and/or retain jobs for low to
moderate income people who reside in the City of Miamis1-1'ty"), as specified in Exhibit "A", attached
and incorporated;
NOW, THEREFORE, BE IT RESOLVED BY THE COMMI SION OF THE CITY OF MIAMI,
FLORIDA:
Section 1. The recitals and findings contained in the Preamble t this Resolution are adopted
by reference and incorporated as if fully set forth in this Section.
Section 2. The transfer of CDBG funding, in the amount $131,000, to IDepartment of
Community Development Economic Development Loan Pilot Program, to provi grants of up to
$10,000 to for-profit businesses located in District 3 or 4 for special economic deOViopment activities to
create and/or retain jobs for low to moderate income people who reside in the City, s specified in
Exhibit "A", is authorized.
Section 3. The City Manager is authorized {1 } to execute all necessary
purpose.
said
Section 4. This Resolution shall become effective immediately upon its adoption and sigture
of the Mayor. {2}
City of Miami Page I of 2 Printed On: 5129/2009
SUBSTITUTED
File Number. 09-00613
AFRROVED AS TO FORM AND CORRECTNESS:
JULIE 0. BRU`
CITY ATTORN
Footnotes:
{1} The herein authorization i further subject to compliance with all requirements that may be
imposed by the City Attorney, in luding, but not limited to, those prescribed by applicable City Charter
and Code provisions.
{2} If the Mayor does not sign this solution, it shall become effective at the end of ten (10) calendar
days from the date it was passed and a opted. If the Mayor vetoes this Resolution, it shall become
effective immediately upon override of th veto by the City Commission.
City of Miami Page 2 of 2 Printed On: 5/29/2009