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Legislation
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Resolution: R-09-0302
File Number: 09-00613
City Hall
3500 Pan American
Drive
Miami, FL 33133
www.miamigov.com
Final Action Date: 6/18/2009
A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S),
AUTHORIZING THE TRANSFER OF COMMUNITY DEVELOPMENT BLOCK GRANT
FUNDS, 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;
ALLOCATING SAID FUNDS TO THE CITY OF MIAMI ECONOMIC DEVELOPMENT
LOAN PILOT PROGRAM FOR AWARDS NOT TO EXCEED $10,000 TO
FOR-PROFIT BUSINESSES LOCATED IN DISTRICT 3 OR 4 TO RETAIN AND/OR
CREATE JOBS FOR LOW AND MODERATE INCOME PEOPLE WHO RESIDE IN
THE CITY OF MIAMI, AS SPECIFIED IN EXHIBIT "A", ATTACHED AND
INCORPORATED; AUTHORIZING THE CITY MANAGER TO EXECUTE ALL
NECESSARY DOCUMENTS FOR SAID PURPOSE.
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 Miand Page 1 of 2 File Id. 09-00613 (Version: 2) Printed On: 6/23/2017
File Number: 09-00613
Enactment Number: R-09-0302
Section 4. This Resolution shall become effective immediately upon its adoption and signature
of the Mayor. {2}
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 Page 2 of 2 File Id. 09-00613 (Version: 2) Printed On: 6/23/2017