HomeMy WebLinkAboutR-04-0737City of Miami
Legislation
Resolution: R-04-0737
City Hall
3500 Pan American
Drive
Miami, FL 33133
www.miamigov.com
File Number: 03-0301 Final Action Date: 11/18/2004
A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S),
AUTHORIZING THE CITY MANAGER TO EXECUTE AN AGREEMENT, IN
SUBSTANTIALLY THE ATTACHED FORM, TO ESTABLISH AN ENDOWMENT
FUND WITH DADE COMMUNITY FOUNDATION, INC., FOR THE DONATION OF
FUNDS FOR A HEART OF OUR PARKS ENDOWMENT FUND, TO BENEFIT
CHARITABLE PROGRAMS, ACTIVITIES AND SERVICES TO THE CITY OF MIAMI'S
("CITY") PARKS, UNDER THE TERMS AND CONDITIONS SET FORTH IN THE
AGREEMENT; DIRECTING THE CITY MANAGER TO TAKE ALL STEPS
NECESSARY TO TRANSFER FUNDS THAT THE CITY HAS ALREADY
COLLECTED TOWARDS THE ENDOWMENT OF THE FUND.
WHEREAS, a continuing need exists to increase the level of funding support and number of
partnerships to enhance the programming maintenance and capital improvements of the City of
Miami's ("City") parks; and
WHEREAS, the potential to attract such support from individuals, private business, the
general public, governmental entities, corporations, organizations, foundations and other
philanthropic entities have not been tapped; and
WHEREAS, many cities have created entities such as a park trust to work closely with their
Parks Department, elected officials and the general public to improve their park system as well as
increase public awareness, use and interest in their parks; and
WHEREAS, the City's Mayor has established a seed, in the amount of $500,000, to create an
endowment fund; and
WHEREAS, the Dade Community Foundation ("Foundation"), a tax exempt public charity that
professionally manages and distributes income from charitable gifts, has agreed to manage the City's
fund;
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 City Manager is authorized{1} to execute an Agreement to Establish an
Endowment Fund ("Agreement"), in substantially the attached form, with the Foundation, a
not -for -profit organization, to establish an endowment fund for the donation of funds for a Heart of
Our Parks Endowment Fund to benefit charitable programs, activities and services for the City's
parks, under the terms and conditions set forth in the Agreement.
City of Miami
Page 1 of 2 File Id: 03-0301 (Version: 2) Printed On: 10/14/2016
File Number: 03-0301 Enactment Number: R-04-0737
Section 3. The City Manager is authorized{1} to take all the steps necessary to transfer the
funds that the City has already collected towards the endowment of the fund.
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 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: 03-0301 (Version: 2) Printed On: 10/14/2016