The URL can be used to link to this page

Home My WebLink AboutSubmittal (Draft)Burns, Pamela E From: Gomez, Marta Sent: Wednesday, June 17, 2009 11:05 AM To: Burns, Pamela E; Hannon, Todd; Thompson, Priscilla; Thomas, Teri -Elizabeth; Jones, Joyce Subject: FW: Substitution of Agenda Item SP. 13 Attachments: Updated_Agenda_Summary_Form -Tfr of funds.doc; AGENDA ITEM SUMMARY FORM CONTINUED-EDLF.doc; Reso-Transfer_$13100_Eco _Reserve Acct1-revised.docx; Substitution memo Revolving Loan Fund (2).docx; oledata.mso From: Bordes, Natasha Sent: Tuesday, June 16, 2009 11:10 AM To: Gallastegui, Elvi Cc: Mensah, George; Agenda Office; Binns II, Basil; Bordes, Natasha; Duran, Alfredo; Legislative Division; Tazoe, Roberto Subject: Substitution of Agenda Item SP.13 Ctood wwvwiwg EM, Attached ptease find the Substitu.tiow wLew�o awd revised Resotutiow awd attachvuewt for tl�e above re ferewced agenda Item. copies to fottow. Ptease cowtact wt if Uou weed additiowaL Lwfowwatio1A_ A LZwIZn4&atwe• Aid & II City of Ma wu;, Dept. of ComvnunUy D"elopm.P.nt Phovw. (305) 416 -2012, Fax/ (305) 400 -5105 SUBMITTED INTO THE PUBLIC RECORD FOR ITEMSM ONS-iso . oq - oo&13 = Subm i tta. I CDraft) AGENDA ITEM SUMMARY FORM FILE ID: Law Department Matter ID No. Date: 06/16/2009 Requesting Department: Community Development Commission Meeting Date: 06/18/2009 District Impacted: 1,2,3,4,5 Type: Z Resolution ❑ Ordinance ❑ Emergency Ordinance ❑ Discussion Item ❑ Other Subject: TRANSFER CDBG FUNDS TO THE ECONOMIC DEVELOPMENT LOAN PILOT PROGRAM Purpose of Item: AUTHORIZING THE TRANSFER OF COMMUNITY DEVELOPMENT BLOCK GRANT FUNDS, IN THE AMOUNT OF $103,000 FROM THE 34TH PROGAM 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, AS SPECIFIED IN EXHIBIT "A", ATTACHED AND INCORPORATED; AUTHORIZING THE CITY MANAGER TO EXECUTE ALL NECESSARY DOCUMENTS, FOR SAID PURPOSE. W re Background Information: Please see attached Budget Impact Analysis NO Is this item related to revenue? NO Is this item an expenditure? If so, please identify funding source below. General Account No: Special Revenue Account No: CIP Project No: NO Is this item funded by Homeland Defense/Neighborhood Improvement Bonds? Start Up Capital Cost: Maintenance Cost: Total Fiscal Impact: CIP If using or receiving capital funds Grants Purcha Final Approvals (SIGN AND DATE) Budget Risk Management Dept. Director Chief City Manager Page 1 of I C� Z 0 �I UJ AGENDA ITEM SUMMARY FORM CONTINUED Background Information: Pursuant to Resolution No. 08-0308, adopted on 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, The Administration recommends the transfer of CDBG funding, in the amount $103,000 from the 34" 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 of the City for special economic development activities to create and/or retain jobs for low to moderate income people who reside in the City of Miami, as specified in Exhibit "A" , attached and incorporated. SUBMITTED INTO THE PUBLIC RECORD FOR ITEM'3 Pi3 CN Pedro G. Hernandez, P.E. City Manager George Mensah, Director Dept. of Community Development June 16, 2009 Corrected Resolution Amounts for Item SP. 13 Please be advised that the attached Resolution in connection with item SP. 13 on the City Commission Meeting Agenda of June 18, 2009, needs to substitute the Resolution for said item. The following corrections were made to the aforementioned documents: (1) Title of Resolution — is changed to read, "...in the amount of $103,000 from the 34`h Program Year and $131,000 from the 35'h Program Year for a total of $234,000; ..." (2) Body of Resolution, Whereas #2 — is changed to read, "...in the amount of $103,000 from the 34`h Program Year and $131,000 from the 35`h Program Year for a total of $234,000; ..." (3) Section #2 — is changed to read, "...in the amount of $103,000 from the 34`h Program Year and $131,000 from the 35'h Program Year for a total of $234,000; We have made the corrections to the Resolution and forwarded the revised version to the Agenda Office. Approved: Pedro G. Hernandez, P.E. City Manager cc: Elvi Gallastegui, Agenda Coordinator SUBMITTED INTO THE PUBLIC RECORD FOR ITEM �i-95 ON e ie oy. ..TITLE A RESOLUTION OF THE MIAMI CITY COMMISSION, AUTHORIZING THE TRANSFER OF COMMUNITY DEVELOPMENT BLOCK GRANT FUNDS, IN THE AMOUNT OF $103,000 FROM THE 34TH PROGAM 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, 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 on 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 $103,000 from the 34th Program Year and $131,000 from the 35'h 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 of the City for special economic development activities to create and/or retain jobs for low to moderate income people who reside in the City of Miami, as specified in Exhibit "A" , attached and incorporated; NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAIMI, 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 $103,000 from the 34th Program Year and $131,000 from the 35th Program Year for a total of $234,000, to City of Miami 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 of Miami, as specified in Exhibit "A", is authorized. Section 3. The City Manager is authorized (1) to execute an amendment to the existing agreement(s), in substantially the attached form(s), with said agency for said purpose. Section 4. This Resolution shall become effective immediately upon its adoption and signature of the Mayor. {2) ¢�.� � „ INTOMITTEDTHE PUBLIC RECORD FOR ITEM 9Ki30N 6-rs ay. APPROVED AS TO FORM AND CORRECTNESS: JULIE 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 tot hose 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. SUBMITTED INTO THE PUBLIC REI;ORD FOR ITEM sR i� ON � i s al.